MRRSE has added a new research report on the "Global Market Study on Isostearyl Alcohol: Increasing Demand for Isostearyl Alcohol as an Ingredient in Personal care Products and Cosmetics Likely to Boost Market Growth" to its collection.
Isostearyl alcohol market to reach 19,594.4 tons by the end of 2024
1. Isostearyl Alcohol Market to reach 19,594.4 tons by the end
of 2024
Report Description
Global sales of isostearyl alcohol was valued at US$ 107.8
Mn in 2015 and is projected to increase about 1.5X to be
valued at US$ 164.7 Mn by the end of 2024. Global
2. consumption of the isostearyl alcohol market was pegged at
14,700.0 tons in 2015 and is estimated to increase at a CAGR
of 3.2% over the forecast period to reach 19,594.4 tons by
the end of 2024. 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.
Market dynamics
3. The global isostearyl alcohol market is driven by increasing
demand for viscosity boosting and anti-aging agents.
Isostearyl alcohol prevents 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 growth of the isostearyl alcohol market over the
forecast period.
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However, development of natural ingredients for anti-aging
skin care products, rising demand for multifunctional personal
care ingredients, and availability of alternatives to isostearyl
4. 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.
Market segmentation
The global isostearyl alcohol market can be segmented on the
basis of application, end use, and region. On the basis of
application, the global isostearyl alcohol market has been
segmented into emollient, glossing agent, solvent, dispersing
5. agent, pigment binder, and others (thickening and stabilizing
agent). In terms of value, the emollient segment is estimated
to be the fastest growing segment over the forecast period.
On the basis of end use, the global isostearyl alcohol market
has been segmented into personal care and cosmetics.
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Market analysis by segmentation
Personal care is currently the most prominent segment in this
market in terms of volume. The personal care segment was
valued at US$ 63.9 Mn in 2015 and is estimated to account
6. for 59.2% share in the global isostearic alcohol market by the
end of 2016 – likely to exhibit a CAGR of 4.4% over the
forecast period. The cosmetics segment was valued at US$
43.9 Mn in 2015 and is estimated to account for 40.8% share
in the global isostearic alcohol market by the end of 2016 –
likely to exhibit a CAGR of 5.4% over the forecast period.
The cosmetics segment is expected to gain traction over the
forecast period due to a rising demand for anti-aging
products.
The emollient and solvent segments collectively accounted for
49.5% share of global consumption of isostearyl alcohol in
2015 and are expected to exhibit CAGRs of 3.9% and 3.5%
respectively over the forecast period. The glossing agent and
7. dispersing agent segments collectively accounted for 28.0%
share of global consumption of isostearic alcohol in 2015 and
are expected to exhibit CAGRs of 4.4% and 3.9% respectively
over the forecast period.
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Key regions
On the basis of region, the global isostearyl alcohol market is
segmented into Asia Pacific, Europe, North America, Latin
America, and Middle East & Africa. In terms of value, the
Europe and North America geographies dominate the global
8. isostearyl alcohol market. Europe was the largest market for
isostearyl alcohol in 2015, accounting for over one-third
share of the overall global isostearyl alcohol market and is
expected to be an attractive market for isostearyl alcohol
over the forecast period. However, the Asia Pacific market is
projected to emerge as the fastest growing market during the
forecast period.
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