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Behenyl Alcohol Market

Global Market Study on Behenyl Alcohol: Application in Emollients to Remain High across Regions

Global Behenyl Alcohol Market Analysis by Application (Emollients, Emulsifiers, Thickeners)

Market Snapshot

Newly-released data on the Behenyl Alcohol Market shows that global sales are expected to reach around US$ 158.5 Mn by the end of 2022, registering a Y-o-Y growth of approximately 1.4 %. The market of Behenyl Alcohol is projected to witness a CAGR of a magnitude of 4.6 % over the period of 2022 and 2033 on a value basis.

Behenyl Alcohol Market Value (2022A)

US$ 158.5 Mn

Behenyl Alcohol Market Estimation (2023E)

US$ 165.6 Mn

Behenyl Alcohol Market Forecast (2033F)

US$ 259.6 Mn

Value CAGR (2023-2033)

4.6 %

Collective Value Share: Top 3 Countries (2023)

33.1%

As per the research conducted by Persistence Market Research, the global market of behenyl alcohol consumption across the world is expected to reach a value of US$ 259.6 Mn by the end of 2033. East Asia and North America are anticipated to remain key regions in the behenyl alcohol business owing to growing consumption in the U.S., South Korea, India, and ASEAN countries, and the region is forecast to expand at a CAGR of 4.6% during the same period.

Behenyl alcohol is a saturated fatty alcohol that is primarily derived from non-genetically modified plants and vegetable sources. It is often used as a binding, thickening, emulsifying, and opacifying ingredient in skincare and cosmetic products such as lotions, deodorants, foundations, ointments, lipsticks, scrubs, and body butter.

Behenyl alcohol helps to thicken the product's consistency and lessen its transparency to create a spreadable. It is used on the body and face to hydrate the skin and replenishes lost moisture. As a result, it has several uses in the production of medicines, food supplements, and personal hygiene products.

Most cosmetic products contain behenyl alcohol with a purity level of 50% to 70%. Behenyl alcohol can be found in some of the leading cosmetic products of L'Oréal, P&G, Olay, etc. The content of behenyl alcohol varies between 0.5% to 4.5% depending upon the nature and characteristics of the product.

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Consumption Analysis of Behenyl Alcohol from 2017 to 2022 Vs Market Outlook for 2023 to 2033

The market of behenyl alcohol had witnessed about 2.6 % year-over-year growth in the past years. Demand for behenyl alcohol has been consistently increasing due to the increasing consumption of cosmetics and pharmaceuticals. Based on the current estimations, the market of behenyl alcohol is to witness a growth outlook of about 4.6 % over the period of 2033 and 2033.

Behenyl alcohol has gained widespread acceptance in the pharmaceutical industry owing to its antiviral properties. It inhibits the fusion of the human host cell with the herpes virus, thus preventing further replication. Behenyl alcohol with a purity level of 80% is mostly used in pharmaceutical-related products.

Abrax, Abreva, Lidavol, Erazaban, etc. are some of the key pharmaceutical products having docosanol as their active ingredient Owing to these factors, the global behenyl alcohol Market Value is anticipated to witness substantial growth with a CAGR of about 4.6% during the forecast period of 2023-2023.

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Growing Cosmetics and Personal Care Industry Propel the Market Growth?

The global beauty (personal care) market is divided into five segments: hair care, skincare, toiletries, cosmetics, and fragrances. The global personal care market has grown significantly in the last decade or so. BRIC countries are expected to drive the market due to a marked rise in spending power and changing lifestyles.

The personal care industry has been a large market in the past few years; however, huge demand from an increasing population is likely to boost the market, especially in developing countries. The emergence of various distribution channels, such as online retailing, is expected to further increase the demand due to the ease of availability.

Behenyl alcohol has a wide range of applications in the personal care industry and is used in skincare and cosmetics products to help soften the skin and also improve the consistency and texture of the formulation. Thus, the growth of the global personal care & cosmetics industry is projected to drive the global Behenyl alcohol market in the next few years.

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How Availability of Alternatives Can Reduce the Sales of Behenyl Alcohol?

In the market, there are other products available that can be used as an alternative to Behenyl alcohol. For instance, stearyl alcohol can be used as a convenient alternative to behenyl alcohol. The intense research by scientists and engineers in industries, institutions, and organizations might result in the synthesis of advanced methods and solutions or innovative technologies and products to replace conventional methods, solutions, and technologies for current applications.

These factors can significantly reduce the sales of behenyl alcohol, as another alternative for behenyl alcohol, and are comparatively economical. This can act as a potential restraining factor, preventing the growth of the global behenyl alcohol market.

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Country-wise Analysis

Why Does South Korea Account for a significant share of the Behenyl Alcohol market?

Demand for behenyl alcohol is expected to remain prominent in South Korea as the dominating country in the East Asian market. The country is expected to hold majority of the regional market.

South Korea is one of the largest global centre for the cosmetics industry. In Korean culture, beauty and aesthetics are immensely important. As a result, there is strong demand for cosmetic products and surgeries that assist individuals in achieving the desired appearance.

According to the Korea Customs Service statistics, in 2021, cosmetics, and skincare products continued to be the largest import category representing 34.17 %, or $560 million of total cosmetic imports. Perfumes and scents and haircare products accounted for the second largest import categories.

Even advertising for anti-aging, sun protection, skin lighting, and anti-wrinkle properties of cosmetics products is classified, segregate, and regulated by the Korean government. This, in turn, boosts the demand for behenyl alcohol, which is specifically used in the production of high-quality cosmetics products.

Why the U.S. is a growing market for Behenyl Alcohol?

The nutraceutical industry is witnessing significant growth in recent times. North America has been a pioneer in the growth of the nutraceutical industry. The increasing demand for nutraceuticals in the U.S. is attributed to the growing awareness regarding health and the adoption of healthy lifestyles.

Consumers in the U.S. has preferring multivitamins that supply essential nutrients to the human body. Multivitamins in the U.S. are becoming an integral part of the consumer’s lifestyle.

Behenyl alcohol is used in the production of nutraceuticals such as vitamins. Hence, the growing demand for nutraceuticals is expected to drive the growth of the behenyl alcohol market in the coming years.

Category-wise Insights

What factors are boosting the demand for Emollients application of Behenyl Alcohol?

Over 25% of total behenyl alcohol demand in 2021 came from emollients as an application. Emollients are widely used in the production of cosmetic formulations due to their capacity to soften and calm the skin. According to cosmetic company L'Oréal, it serves as a product stabilizer. Additionally, it offers the skin a non-greasy texture and helps in retaining moisture.

Emollients have applications in both skincare and hair care due to their qualities, particularly in conditioners to assist enhance the moisture content of the hair and improve manageability of the hair.

Behenyl alcohol demand is being driven by rising consumer awareness of skin care and general personal hygiene across the globe.

Which End User Holds Lucrative Avenues for Behenyl Alcohol Market?

The most preferred end-user of behenyl alcohol is the pharmaceutical industry. The pharmaceutical industry has witnessed significant growth across the world in recent times, the sector is also get benefitted from the Covid-19 pandemic.

For instance, India holds the leading position in global generic drug exports and Indian pharmaceutical export. The Government of India offers a policy to support the pharmaceutical industry and has the vision to push the country as a pharma leader in the manufacturing of drugs and medicines.

Furthermore, behenyl alcohol is consumed in the pharmaceutical industry for the production of drugs and medicine. Thus, growth in the pharmaceutical industry and the increasing number of API units in India, China, and many other countries are collectively expected to drive the demand for the behenyl alcohol market.

According to a Persistence Market Research analysis, the demand from the pharmaceutical industry for behenyl alcohol is estimated to rise between 2021 and 2022, which is anticipated to result in a total global Behenyl Alcohol market growth rate of 3.6 % in 2022.

Competitive Landscape

The potential opportunities for prominent players depend on their understanding of getting

Acquainted with regional schemes and marketing tactics. Additionally, an effective workforce enhances production in terms of quality as well as quantity and thus helps the manufacturer obtain a higher share in the global behenyl alcohol market. Moreover, strong distribution channels help multinational companies to obtain a competitive edge in regional markets and further stabilize their position at a multinational level. For Instance,

  • In January 2020, BASF SE (BASF’s Care Creations) presented its “Being Millennials” concept and showcased a range of solutions with natural-based ingredients at the Cosmet’Agora 2020, where it launched. The “Warming Massage Mask” formula consists of Lanette® 22 and the emollient Cetiol® SB 45 to give it a soft balmy texture and provide a relaxing melting sensation on the skin.
  • In 2016, Kao acquired Collins Inkjet Corporation (U.S.) and renamed it to Kao Collins Inc. Fatty acid production company, established in Indonesia as a joint venture.

Behenyl Alcohol Industry Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • US$ Mn for Value
  • Volume (Tons)

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Application
  • End-User
  • Region

Key Companies Profiled

  • BASF SE
  • Kao Corporation
  • VVF Chemicals Limited
  • Godrej Industries Ltd.
  • Sasol Ltd.
  • Nikko Chemicals Co. Ltd.
  • KOKYU ALCOHOL KOGYO CO. LTD.
  • Sisco Research Laboratories Pvt. Ltd.
  • Koster Keunen
  • NOF Corporation
  • Jarchem Industries Inc
  • Guangzhou Jaonron Trading Co. Ltd- Jaonron Group

Pricing

Available upon Request

Key Segments Covered in Behenyl Alcohol Market Research

By Application

  • Behenyl Alcohol Emollients
  • Behenyl Alcohol Emulsifiers
  • Behenyl Alcohol Thickeners
  • Others

By End-User

  • Behenyl Alcohol for Cosmetics
  • Behenyl Alcohol for Pharmaceuticals
  • Behenyl Alcohol for Nutritional Supplements
  • Others

By Region

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

- Companies Covered in This Report -

  • BASF SE
  • Kao Corporation
  • VVF Chemicals Limited
  • Godrej Industries Ltd.
  • Sasol Ltd.
  • Nikko Chemicals Co. Ltd.
  • KOKYU ALCOHOL KOGYO CO. LTD.
  • Sisco Research Laboratories Pvt. Ltd.
  • Koster Keunen
  • NOF Corporation
  • Jarchem Industries Inc
  • Guangzhou Jaonron Trading Co. Ltd- Jaonron Group

- Frequently Asked Questions -

The global Behenyl Alcohol Market is estimated to be valued at over US$ 259.6 Mn as of 2023.

The substantial production volume of cosmetic and personal care products is expected to drive the market in the coming years.

Consumption of Behenyl Alcohol is projected to increase at 4.6% CAGR during the period of 2023 and 2033 on a volume basis.

South Korea, the U.S., China, India, and Germany are driving most of the demand for Behenyl Alcohol.

Persistence Market Research has analyzed the production volume of Behenyl Alcohol in China, which has been estimated to be at around 10,473.5 Tons in 2022.

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