According to a new report by Report Ocean, the global isostearyl alcohol market will be rising at a healthy CAGR of 5.20% between 2020 and 2027, registering a remarkable rise. The report, titled “Global Isostearyl Alcohol Market Size study, by End -Use (Personal care, Cosmetics), by Application (Emollient, glossing agent, Solvent, Dispersing agent, Pigment binder, Others) and Regional Forecasts 2020-2027,” further states that the market stood at US$5.1 bn in 2019.
The presence of a large pool of participants points towards a highly fragmented and competitive business landscape. Croda International Plc., Jarchem Industries Inc., Oleon (Avril Group), Nissan Chemical America Corporation, Oxiteno, SABIC, Ecogreen Oleochemicals, Cremer oleo GmbH & Co. KG, and Timur guan holdings are some of the leading suppliers of isostearyl alcohol across the world. These players have been relying on heavy investment in R&D to remain in the competition. They are also focusing on expanding their bases in emerging nations to strengthen their global presence, states the research report.
North America to Remain Dominant over Coming Years
On the basis of the region, Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa have surfaced as the key segments of the worldwide isostearyl alcohol market. Among these, North America has been leading the global isostearyl alcohol market. Researchers anticipate the scenario to remain more or less the same over the forthcoming years. Asia Pacific is also expected to report significant growth on the back of a tremendous increase in consumption of personal care and cosmetic products in this region over the next few years, states the research report.
Increasing Usage of Isostearyl Alcohol in Cosmetics to Support Market
“The extensive usage of isostearyl alcohol in the production of several cosmetics and personal care products, such as lotion, serum, and creams, is reflected positively on the growth of the global isostearyl alcohol market” says an analyst. Apart from this, the presence of anti-aging agents in isostearyl alcohol is also boosting its application substantially. The report states that these factors will continue to propel this market in the years to come, thanks to the increased demand for Isostearyl alcohols in the home and personal care industry.
Increased Production of Natural Anti-aging Products to Limit Market’s Growth
Although the global isostearyl alcohol market is registering a high growth, it may face severe challenge from However, the rising production of natural ingredients for anti-aging skin care products, soaring demand for multifunctional personal care ingredients, and the ample availability of alternatives to isostearyl alcohol may restrict the growth of this market in the years to come. Nonetheless, the rising interest among men for personal care products is likely to fuel the demand for isostearyl alcohol, in turn, propelling the market growth over the next few years.
Impact of COVID 19 on Global Isostearyl Alcohol Market
The economic slowdown, projected due to the COVID pandemic across the world, is also reflected on the global isostearyl market. With less money in pocket, consumers are not willing to spend on products other than absolute necessity. However, as the economy will begin to recover, the momentum in this market will return as well.
- The personal care segment is expected to register a significantly high demand for isostearyl alcohol in the coming years.
- North America emerged as the leading regional market and is anticipated to retain its position in the near future.
- With a high number of players, the global market is demonstrating a fragmented competitive landscape.
The Global Isostearyl Alcohol Market is segmented into:
By End use
- Personal care
- Glossing agent
- Dispersing agent
- Pigment binder
- North America
- Asia Pacific
- Latin America
- Rest of the World
Companies Mentioned in the Report
- Croda International Plc.
- Oleon (Avril Group)
- Jarchem Industries Inc.
- Nissan Chemical America Corporation
- KH Neochem Co. KG
- Ecogreen Oleochemicals
- Timur guan holdings
- Cremer oleo GmbH & Co. KG
Company Name: Report Ocean
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