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.
Isostearyl Alcohol Market Trends
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.
Regional Outlook of Isostearyl Alcohol Market
On 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.
Isostearyl Alcohol Market: Competition Overview
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.
COVID-19 Impact on Isostearyl Alcohol Market
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.
Isostearyl Alcohol Market –Scope of the Report
Persistence Market Research (PMR) recently published a study report on the global isostearyl alcohol market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the isostearyl alcohol market structure. This market research report presents exclusive facts and figures about how the isostearyl alcohol market will grow over the forecast period (2020 to 2030).
Key indicators of market growth, such as value chain analysis, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the isostearyl alcohol market over the forecast period.
The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand the applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the isostearyl alcohol market can leverage the information and statistics presented in PMR’s research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting the growth of the isostearyl alcohol market. The study also offers actionable insights based on the future trends in the market. Furthermore, regional players and new entrants in the isostearyl alcohol market can also use the information presented in this report to make business decisions and gain momentum in the market space.
Key Segments of Isostearyl Alcohol Market
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.
Key Questions Answered in PMR’s Isostearyl Alcohol Market Report
Isostearyl Alcohol Market: Research Methodology
In PMR’s research report, an exclusive research methodology is utilized to conduct comprehensive research on the development of the isostearyl alcohol market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred to by analysts during the evaluation of the isostearyl alcohol market study, which comprises facts and figures from the World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary and secondary resources is validated from companies operating in the market space, to make PMR’s projections on the growth prospects of the isostearyl alcohol market more accurate and reliable.