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Report Overview
The global stearyl alcohol market value reached around USD 7.74 Billion in 2024 due to growth of the fatty alcohol industry. Its application as an emulsion stabiliser in pharmaceuticals and food products is also driving market growth. As a result, the industry is expected to grow at a CAGR of 3.70% during the forecast period of 2025-2034 to attain a value of USD 11.13 Billion by 2034. The rising consumer preference for natural and plant-based ingredients also boosts demand for stearyl alcohol.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- In the financial year 2024, India's exports of personal care products reached approximately USD 3.7 billion, while imports stood at around USD 2.7 billion. This trade balance highlights a growing domestic demand for personal care items, which in turn boosts the demand for stearyl alcohol. Stearyl alcohol serves as an emulsifier and thickening agent in various cosmetic formulations. The increasing focus on high-quality personal care products among consumers further propels the stearyl alcohol market.
- As of October 2024, the beauty sector in the Middle East and Africa is anticipated to experience the highest annual growth rate of around 10% over the next four years. This rapid expansion presents significant opportunities for stearyl alcohol, particularly as it is extensively used in personal care products such as lotions, creams, and hair care formulations. The rising disposable incomes and shifting consumer trends towards premium beauty products in these regions will likely drive the stearyl alcohol demand.
- Sephora Southeast Asia recently reaffirmed its commitment towards the environment with the introduction of the new ‘Clean + Planet Positive’ seal which highlights brands that prioritise ecological and sustainable approaches to creating and selling beauty products which are formulated with stearyl alcohol as a safe alternative to harmful products.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global stearyl alcohol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. Companies are increasingly focusing on developing plant-derived stearyl alcohol to meet the rising consumer demand for eco-friendly and sustainable products. Companies are also investing in innovations to expand their product offerings and cater to evolving consumer preferences for natural ingredients.
Key Industry Players
Kao Corporation
Kao Corporation, founded in 1882 in Japan, is a leading global manufacturer of chemical and cosmetic products. Initially established as a soap manufacturer, the company has diversified its offerings to include a wide range of personal care items, household products, and industrial chemicals.
BASF SE
BASF SE is a German multinational chemical company headquartered in Ludwigshafen, Germany. It is the largest chemical producer in the world, with operations in over 80 countries and a diverse product portfolio that includes chemicals, plastics, performance products, agricultural solutions, and oil and gas.
Biesterfeld AG
Biesterfeld AG is an international trading and service company based in Hamburg, Germany, with over 114 years of experience in the distribution of plastics and chemicals. The company specialises in plastics, rubber, speciality chemicals, and agrochemicals.
Other major players in the market are KLK Oleo, Godrej Industries Limited, and P&G Chemicals, among others.
Stearyl Alcohol Market Report Snapshots
*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 stearyl alcohol market is assessed to grow at a CAGR of 3.70% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 11.13 Billion by 2034.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising food applications, increasing focus of manufacturers to launch improved range of cosmetic and personal care products, growing pharmaceutical industry, enhancing standards of living, and rapid technological advancements, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising demand for plant-based stearyl alcohol and increasing research and development activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are emulsion stabilizer, fragrance ingredient, emulsifying agent, foam booster, viscosity modifier, and emollient, among others.
The major end use sectors in the industry are cosmetics and personal care, pharmaceuticals, and food and beverages, among others.
The major players in the industry are Kao Corporation, BASF SE, Biesterfeld AG, KLK Oleo, Godrej Industries Limited, and P&G Chemicals, among others.
In 2024, the market reached an approximate value of USD 7.74 Billion.
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