Behenyl Alcohol Market

Global Behenyl Alcohol Market to Grow at Healthy Pace, Buoyed by High Demand for Sun care Products

Introduction

The global behenyl alcohol market, projected to witness a growth rate of 4.5% for the period 2014-2020, is poised to grow at a healthy rate in the coming five years. Suncare products are expected to contribute significant revenue in the market, leading to the global market as end-use in the coming years.

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Companies

Key market participants covered in the report include:

  • BASF SE.
  • Kao Corporation.
  • VVF Chemicals Limited.
  • Godrej Industries Ltd.
  • Sasol Ltd.
  • Nikko Chemicals Co, Ltd.
  • Other.

Effect of Covid-19

COVID-19 pandemic has affected nearly every industry, disrupting the demand and supply chain. The global market is witnessing a decline in demand and production, creating a depression in the growth trajectory of the global market. Restricted manpower has severely influenced the production capacity of the market which is already dealing with the new low in the demand.

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By Geography

The behenyl alcohol market in the Asia Pacific is expected to grow 1.4X in the coming years, generating growth opportunities for the market player. Such development is buoyed by the growing markets in the scaling economies such as China and India.

The Middle East and Africa are the other regions projected to exhibit rapid market growth by the end often forecast period. Europe is gaining prominence in the global market owing to its high production of rapeseed. 

In Asia Pacific, India is the largest producer of rapeseed and behenyl alcohol. A large number of companies based in the country export rapeseed to North America, Europe and other parts of Asia. Sun care products are widely used in Asia Pacific. 

The North America behenyl alcohol market is expected to experience a sluggish growth in terms of volume. However, price fluctuations in rapeseed raw materials have created the highest incremental opportunity of US$ 2.0 Mn by the end of 2015 over 2014 in North America.

In terms of volume, the Europe accounts for more than 35% of the global rapeseed production. Major companies based in Europe procure raw materials at comparatively lower price than its competitors. Also, the region is home to more than 400+ big and small scale cosmetic manufacturers.

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Competitive Landscape

Established players in the global market include VVF Chemicals Limited., BASF SE., Nikko Chemicals Co, Ltd., and Godrej Industries Ltd.

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Market Players

The global behenyl alcohol market, projected to witness a growth rate of 4.5% for the period 2014-2020, is poised to grow at a healthy rate in the coming five years. Suncare products are expected to contribute significant revenue in the market, leading to the global market as end-use in the coming years.

Sun care products accounted for nearly US$ 2.2 Bn in 2014. The increase in such products is expected to boost overall demand for behenyl alcohol globally. Though the market is gaining traction in Asia-Pacific, low presence of Chinese players in the behenyl alcohol market has significantly reduced price competitiveness among companies based in Japan, India and Europe.

behenyl-alcohol-market

Market Segment

Behenyl alcohol (CAS: 661-19-8), often referred to as docosanol, is a saturated fatty alcohol used to thicken and stabilise formulations. Behenyl alcohol is categorised on the basis of purity level.

Behenyl alcohol with the purity level of 70% is most commonly used. However, behenyl alcohol with purity over 80% is very rarely used. Behenyl alcohol accounted for a mere 1.4% share of the overall fatty alcohols market, and 14% share of the overall C16+ fatty alcohols market in 2014.

The behenyl alcohol market is segmented as follows:

By Application

  • Emollients
  • Emulsifiers
  • Thickeners
  • Others

By End-users

  • Cosmetics
  • Pharmaceuticals
  • Nutritional Supplements

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

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