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Isostearyl Alcohol Market Segmented By Emollient, Glossing Agent, Solvent, Dispersing Agent, Pigment Binder in Personal Care and Cosmetics
Isostearyl alcohol is a fatty alcohol or specialty alcohol that consists of 18 carbons in its molecular structure. It is also called isooctadecanol or isooctadecyl alcohol, and is derived from the reduction of isostearic acid.
Mainly used in personal care and cosmetics, isostearyl alcohol is primarily used as an anti-aging agent in cosmetics. However, it also acts as a viscosity booster, emulsifier, and pigment binder.
The global isostearyl alcohol market size is projected to expand at a moderate pace, and be primarily driven by abundant use in the personal care and cosmetics sector.
Its application as an emollient is expected to generate major revenue for the isostearyl alcohol market by the end of the forecast period (2020 to 2030), owing to high demand in different cosmetic products.
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The global isostearyl alcohol market is driven by increasing demand for viscosity boosting and anti-aging agents. Isostearyl alcohol prevents the formation of crystals in personal care products, and hence, its demand as an ingredient in personal care products as well as cosmetics is expected to boost the growth of the isostearyl alcohol market over the forecast period.
However, the development of natural ingredients for anti-aging skin care products, rising demand for multifunctional personal care ingredients, and availability of alternatives to isostearyl alcohol are some of the major challenges for the isostearyl alcohol market.
A recent trend observed in the global isostearyl alcohol market is the blending of isostearyl alcohol with other fatty alcohols to improve its properties. Due to the monotonic properties of isostearyl alcohol, producers are focusing on developing various blends with other fatty alcohols as part of their product strategy.
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Get a Customized VersionOn the basis of region, the global isostearyl alcohol market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. In terms of value, Europe dominates the global isostearyl alcohol market share.
Europe was the largest market for isostearyl alcohol in 2019, accounting for over one-third share of the overall global isostearyl alcohol market, and is expected to be an attractive market during the forecast period.
Significant surge in the demand for cosmetic products is expected to impart a leading position to the market in Europe with a high growth rate. However, Asia Pacific is projected to emerge as the fastest-growing market over the forecast period, owing to a dramatic rise in the consumption of personal care and cosmetic products in the region.
Established players profiled in the global isostearyl alcohol market report include Nissan Chemical America Corporation, Oleon (Avril Group), Croda International Plc., and Jarchem Industries Inc.
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The COVID-19 outbreak is wreaking havoc across the world, affecting almost every country and economy. Lockdowns, trade restrictions, and industry shutdowns have adversely affected to the functioning of most sectors.
Steep drop in the sales of different end products, such as personal care and cosmetic products, during the COVID-19 pandemic has badly hit the business and revenue of the global isostearyl alcohol market. The market is expected to bounce back to its usual form with relaxation in the movement of people and goods as the pandemic subsides.
Growth of the global isostearyl alcohol market is led mainly by Europe, followed by the market in North America. The global market is set to expand at a decent CAGR of 4.5% over the forecast period, mainly driven by demand for usage in cosmetics and personal care products.
PMR’s study on the isostearyl alcohol market is divided into three significant segments - application, end use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
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