Isostearyl Alcohol Market to Expand 1.6X by 2030; Dwindling Demand from End-use Industries amidst COVID-19 Pandemic Hurting Market Growth
Published On : Aug 17, 2020
Rising demand for isostearyl alcohol as an ingredient in personal care products and cosmetics is expected to boost growth of the global isostearyl alcohol market over the forecast period of 2020 to 2030. However, increasing demand for multifunctional personal care ingredients and development of natural ingredients for anti-aging skin care products are major challenges likely to affect the global isostearyl alcohol market. Isostearyl alcohol is basically derived from isostearic acid, and globally, 16%-18% of isostearic acid produced is captively consumed for the production of isostearyl alcohol. However, isostearic acid producers are moving toward development of environmentally-friendly emollients and surfactants, which could reduce the percentage of conversion of isostearyl acid into isostearyl alcohol over the coming years.
The global isostearyl alcohol market is projected to expand at a CAGR of 4.5% over the next decade, expanding 1.6X by 2030.
Key Takeaways from Isostearyl Alcohol Market Study
- On the basis of application, the emollients and solvents segments collectively hold a bulk of the share of global isostearyl alcohol market.
- On the basis of end use, the personal care segment is currently the most prominent segment in this market in terms of volume, while the cosmetics segment is expected to gain traction over the forecast period due to rising demand for anti-aging products.
- Increasing per capita consumer expenditure on personal care and cosmetic products and growing demand for skin care products across Asia Pacific, especially China, are some of the factors driving demand for anti-aging products, in turn, anticipated to boost the growth of the isostearyl alcohol market in the region.
- Due to the COVID-19 pandemic, decreased demand from industries such as cosmetics and personal care products will hamper the progress of the global isostearyl alcohol space.
“High demand for isostearyl alcohol will be seen for use in personal care products over the next ten years, with Europe holding bulk of the market share,” says a PMR analyst.
Isostearyl Alcohol Market Landscape
Croda International Plc., Oleon N.V (Avril Group), Jarchem Industries Inc., and Nissan Chemicals America Corporation are the top producers of isostearyl alcohol. While isostearic acid is the basic raw material for the production of isostearyl alcohol, most producers are shifting their production to other isostearic acid derivatives due to the monotonic properties of isostearyl alcohol as compared to other fatty alcohols.
Want to Know More?
Persistence Market Research has published a market research report on the isostearyl alcohol market, which contains global industry analysis of 2015–2019 and opportunity assessment for 2020–2030. The report provides insightful analysis of the isostearyl alcohol market through different segments, namely, application, end use, and region. The isostearyl alcohol market report also provides supply and demand trends, import-export scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the parent market.
For additional insights on how the isostearyl alcohol market will shape up over the next decade, write to email@example.com
About PMR – Chemicals and Materials
Persistence Market Research’s Chemicals & Materials team is regarded as one of the most reliable and authoritative sources of intelligence among stakeholders across the value chain. Our team of industry experts provides vital insights across a broad range of sub-domains, including, but not limited to, commodity, specialty chemicals, composites, nanotechnology, and institutional cleaning chemicals. PMR’s research and consulting services include market sizing, product and market segmentation, and a detailed discussion on prevailing and anticipated market conditions. Reach out to us for more information on how we can help.
Isostearyl Alcohol Market
Global Market Study on Isostearyl Alcohol: Increasing Demand as Ingredient in Personal Care Products Complementing Market Growth
Global Market Study on Isostearyl Alcohol: Increasing Demand as Ingredient in Personal Care Products Complementing Market GrowthRequest TOC