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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Behenyl Alcohol Market Outlook
The global behenyl alcohol market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.
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Cosmetics Industry to Significantly Contribute to the Growth of the Behenyl Alcohol Industry
Based on end use, the cosmetics industry is one of the leading consumers of the product, accounting for a significant share in the industry. The demand for behenyl alcohol in the cosmetics industry has been witnessing a steady growth over the past few years owing to its ability to alter the thickness of liquid products and to enhance its foaming capacity or to stabilise foams. Being a fatty alcohol, it keeps an emulsion from separating into its oil and liquid components. Further, the growing demand for sunscreen lotions and other sun care products are significantly contributing to the growth of the segment.
The Asia Pacific to Drive the Growth of the Behenyl Alcohol Industry
The Asia Pacific is expected to be a significant region contributing to the market growth over the forecast period. The growth of the regional market can be attributed to the growing demand for cosmetics and personal care products, particularly in countries like South Korea, India, and China, easy availability of rapeseed across the region, thriving pharmaceuticals industry, and the growing penetration of the leading behenyl alcohol producers. Meanwhile, the Middle East and Africa is expected to witness a moderate growth in the coming years due to the weak product demand from the major end-use sectors in the region.
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Behenyl Alcohol: Market Segmentation
Behenyl alcohol, also known as docosanol, is a synthetic or plant-derived thickening agent and emulsifier used in cosmetics. Chemically, it is a saturated fatty alcohol, which is a white, waxy solid in appearance and is represented by the formula C22H46O. It can be utilised in anhydrous formulations such as body butters, ointments, and scrubs.
Based on application, the market is divided into:
- Emollients
- Emulsifiers
- Thickeners
- Others
Based on end use, the industry can be segmented into:
- Cosmetics
- Pharmaceuticals
- Nutritional Supplement
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Natural Products to Bolster the Market Growth of Behenyl Alcohol
The growing focus on appearance and personal hygiene is driving the demand for the cosmetics and personal care products, which, in turn, is aiding the growth of the behenyl alcohol industry. The rising disposable incomes, improving standards of living, and rapid technological advancements are further supporting the industry growth. The growth is higher in the developing regions owing to the increasing penetration of the key players. Moreover, the pharmaceutical industry is witnessing a surge in growth due to the outbreak of the pandemic, which will significantly contribute to the industry growth in the forecast period.
Owing to the rising consumer demand for cosmetics and nutritional supplements with natural ingredients, the manufacturers are continuously enhancing their product portfolio. The new product launches based on plant-based ingredients are expected to have a positive effect on the market expansion in the coming years.
Key Industry Players in the Global Behenyl Alcohol Market
The report gives a detailed analysis of the following key players in the global behenyl alcohol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Kao Corporation
- Godrej Industries Limited
- Sasol Ltd
- BASF SE
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global behenyl alcohol market is projected to grow at a CAGR of 4% between 2024 and 2032.
The increasing demand for behenyl alcohol in the cosmetics sector, the growing availability of rapeseed in the Asia Pacific region, the robust growth of the pharmaceuticals sector, the increasing penetration of the leading behenyl alcohol producers in emerging markets, rising standards of living, and increasing technological advancements are driving the market.
The key trends guiding the growth of the market include the rising demand for organic cosmetic products and new product launches with plant-based ingredients.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Emollients, emulsifiers, and thickeners, among others, are the significant applications of behenyl alcohol.
The major end uses of behenyl alcohol are cosmetics, pharmaceuticals, and nutritional supplements, among others.
The major players in the market are Kao Corporation, Godrej Industries Limited, Sasol Ltd, and BASF SE, among others.
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