Key Questions Answered in Report
- What is the expected growth rate for the behenyl alcohol market through 2031?
By value, Persistence Market Research has projected around 4.5% CAGR for behenyl alcohol sales during 2021-2031. In terms of volume, demand is expected to increase at close to 4% CAGR over the same period.
- Which are the most lucrative markets for behenyl alcohol manufacturers?
As per Persistence Market Research’s projections, together, East Asia and South Asia Pacific are projected to hold around 50% market share through 2031.
East Asia currently dominates the global market for behenyl alcohol. As India is the largest producer of rapeseed and behenyl alcohol, it gives manufacturers the advantage of exporting rapeseed to North America, Europe, and other parts of Asia as well.
- Who are the prominent manufacturers of behenyl alcohol?
Top suppliers of behenyl alcohol include tier-1 companies such as VVF Chemicals Limited., BASF SE., Nikko Chemicals Co, Ltd., Godrej Industries Ltd. And among others, who together accounted for around 35-45% share of global revenue in 2020.
Find Out More about the Report Coverage
- BASF SE
- New Japan Chemical Co., Ltd.
- KOKYU ALCOHOL KOGYO CO., LTD.
- Godrej Industries
- Sasol Ltd.
- Sisco Research Laboratories Pvt. Ltd.
- VVF Ltd.
Report Also Addresses:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Behenyl Alcohol and How to Navigate
- Recommendation on Key Winning Strategies
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Sales of Behenyl Alcohol from 2016 to 2020 Vs Market Projections for 2021 to 2031
Historically, from 2016 to 2020, use of behenyl alcohol increased at around 1.4% CAGR, wherein, growth has been observed more in the regions of East Asia and North America. The market is likely to gain significantly from end-use industries such as cosmetics.
The behenyl alcohol market has seen steady demand from the cosmetics industry. Moreover, globally, per capita consumption of cosmetics is increasing at a rate of 3.4% per year, and is expected to grow exponentially in the near future due to significant rise in the geriatric population, especially in Japan and China.
The ongoing COVID-19 pandemic, which has wreaked havoc on practically every industry, has caused severe disruptions in demand and supply chains. Restricted number of workforce has had a significant impact on the manufacturing of behenyl alcohol, which is already struggling with a new low in demand.
Considering these statistics and shift in dynamics, the market for behenyl alcohol is forecast to expand at a healthy CAGR of around 4.5% over the coming 10 years.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
What are the Key Opportunities for Behenyl Alcohol Manufacturers?
Globally, the behenyl alcohol industry is supported by rising demand from the pharmaceutical sector and organic cosmetics. Demand is projected to increase due to penetration of cosmetic manufacturers in Europe and rising use of anti-aging and skin care products.
Rising disposable income, better standard of living, and rapid technical advances are all contributing to the industry's expansion, and are contributing to heightened demand for behenyl alcohol.
Furthermore, owing to the pandemic's spread, the pharmaceutical sector is experiencing a boom in demand, which would greatly add to the industry's growth over the forecast period.
In addition, future opportunities from changing trends in the personal care industry are also expected to create significant opportunities for behenyl alcohol manufacturers.
Explore Persistence Market Research’s expertise in promulgation of the business !
Which Region Offers the Largest Opportunity for Sales of Behenyl Alcohol?
With an absolute dollar opportunity of around US$ 30.8 Mn, East Asia is expected to be the most lucrative market for behenyl alcohol manufacturers. India is the main producer of rapeseed and behenyl alcohol in Asia Pacific. East Asia is predicted to lead the market during the forecast period, with volume production expected to rise 1.5X by the end of 2021.
Despite the fact that demand is growing in Asia-Pacific, lack of Chinese players in market has dramatically reduced price competition among Japanese, Indian, and European firms. As a result, manufacturers in the Asia Pacific region are projected to achieve high-profit margins.
How is Growing Consumption of Cosmetic Products in South Korea Driving Demand for Behenyl Alcohol?
The market in South Korea is expected to expand at 5.5% CAGR through 2031. Globally, South Korea is one of the world's largest cosmetics industry. In Korean culture, appearance and aesthetics are extremely important. As a result, there is strong demand for cosmetic products and surgeries that assist individuals in achieving the desired appearance.
Even advertising for sun protection, skin brightening, and anti-wrinkle properties of cosmetics products are classified and regulated by the Korean government. This, in turn, raises demand for behenyl alcohol, which is specifically used in the production of high-quality cosmetics.
What is the Scope for China in the Market for Behenyl Alcohol?
In 2020, China accounted for around 19.7% share of the global market for behenyl alcohol. China has less number of players in the global market, which therefore results in reduced price competition in Asia.
However, due to significant growth of the pharmaceutical industry in China, consumption is expected to rise over the forecast period. Due to the specific use of behenyl alcohol in most medicinal creams, it is an essential part of the pharmaceutical industry.
Which Application of Behenyl Alcohol Generates Most of its Revenue?
Emollients, as an application, accounted for over 25% of overall demand for behenyl alcohol in 2020. Use of emollients is heavy in the production of cosmetic formulations because of their ability to soften and soothe the skin. It acts as a product stabilizer as stated by cosmetic brand, L’Oréal. It also helps trap moisture in the skin and gives a non-greasy feel to the skin.
In the same way, emollients not only have application in skin care but hair care as well, due to the above mentioned properties, especially in conditioners to help increase the hair’s moisture content and improve manageability of the hair.
Increasing awareness about skin care and overall personal hygiene is driving demand for emollients, and, as such, behenyl alcohol.
Which End User Hold Lucrative Avenues for Behenyl Alcohol Market?
Cosmetics represented over 80% demand for behenyl alcohol in 2020. Increased awareness of harmful UV rays on the skin has, in turn, driven the use of sunscreens and sun care products constituting behenyl alcohol.
Another major factor driving demand for behenyl alcohol is the trend of using organic cosmetic products and anti-aging skin care products in major regions such as North America and Europe.
How Has COVID-19 Affected the Sales of Behenyl Alcohol?
The behenyl alcohol industry, which was growing at around 4.5% annually, witnessed a year-on-year growth of nearly -3.1% in 2020 with the onset of COVID-19.
However, behenyl alcohol has an antiviral action against lipid-enveloped viruses such as the herpes simplex virus in medicinal applications (HSV), and at the same time is also a component in a lotions used to treat recurrent herpes on the skin. Due to its numerous applications in the pharmaceutical industry, the market is expected to gain traction in the near future with rising demand for cold sore OTC products and ointments.
Persistence Market Research has profiled the following key behenyl alcohol manufacturers in its report:
- BASF SE
- Kao Corporation
- VVF Chemicals Limited
- Godrej Industries Ltd.
- Sasol Ltd.
- Nikko Chemicals Co. Ltd.
- NIPPON SURFACTANT INDUSTRIES CO. Ltd.
- New Japan Chemical 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
The market is a moderately competitive space dominated by global players offering cost-competitive raw materials. This is a highly consolidated industry, where key players hold major value share.
The market has robust partnerships throughout the value chain. There is ample focus on strong research & development activities with innovation in mind. Companies are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base.
Some of the key developments are:
- 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 consisting 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.
Similarly, recent developments related to companies manufacturing behenyl alcohol have been tracked by the team at Persistence Market Research, which are available in the full report.
Historical Data Available for
US$ Mn for Value volume in Tons
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Available upon Request
Enquiry before Buying
- Is the market research conducted by Persistence Market Research?
Yes, the report has been compiled by expert analysts of Persistence Market Research, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
- What research methodology is followed by Persistence Market Research?
Persistence Market Research follows a methodology that encompasses the demand-side assessment, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
- Who are the respondents for primary research?
Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
- Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.
- How can I buy this report?
Persistence Market Research provides a secure online payment system to buy reports seamlessly. You can buy the report securely and safely.
Key Market Segments Covered
- Behenyl Alcohol Emollients
- Behenyl Alcohol Emulsifiers
- Behenyl Alcohol Thickeners
By End User
- Behenyl Alcohol for Cosmetics
- Behenyl Alcohol for Pharmaceuticals
- Behenyl Alcohol for Nutritional Supplements
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa