The new report by Expert Market Research titled, ‘Global Behenyl Alcohol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global behenyl alcohol market, assessing the market based on its segments like applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4%
Behenyl alcohol is extensively used in the cosmetics industry due to its properties to alter the thickness of liquid products. Additionally, behenyl alcohol has the property to enhance and stabilise the foaming capacity of solutions. As a result, cosmetics is one of the major end use segments of behenyl alcohol, and growth in this industry is expected to be a major driver for the behenyl alcohol market. Behenyl alcohol also sees applications in the production of personal care products such as sunscreen lotions and other skincare products. The Asia Pacific region is expected to be the major contributor of growth during the forecast period of 2020-2025 due to the rising disposable incomes and populations in this region.
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Industry Definition and Major Segments
Behenyl alcohol (C22H46O) is a saturated fatty alcohol appearing as a white, waxy solid. It is also known as docosamol and may be synthetic or plant-derived in nature. It has the property to prevent an emulsion from separating into its oil and liquid components and is, hence, an ingredient in various cosmetics products including body butters, ointments, creams, and lotions.
By application, the market is divided into:
On the basis of end use, the industry can be segmented into:
• Nutritional Supplement
The global market can be classified based on region as:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The increasing health consciousness, especially in developed regions, such as North America and Europe, has led to a rise in preference for naturally-derived products, especially in cosmetics and skincare segments. Behenyl alcohol can be manufactured entirely using plant-based ingredients and, hence, is commonly used as an ingredient in natural or organic lotions, creams, and others. The e-commerce giants such as Amazon.com (NASDAQ: AMZN) and Alibaba Group (HKG: 9988) have played a major role in increasing the accessibility of these cosmetic items. This is expected to drive the demand for behenyl alcohol globally during the forecast period of 2020-2025.
Key Market Players
The major players in the market are Kao Corporation (TYO: 4452), Godrej Industries Limited (NSE: GODREJIND), Sasol Ltd (JSE: SOL), and BASF SE (ETR: BAS), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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