
Behenyl alcohol is also referred to as docosanol, is a large fatty straight-chain alcohol. It is used as thickener, emulsifier, and opacifying ingredient. It is used to reduce the clear or transparent appearance of the cosmetic product as an opacifying agent. As a thickener it offer products to attain more desirable and spreadable texture.
The global behenyl alcohol market was valued at US$ 142.8 Mn in 2018 and is anticipated to reach US$ 199.8 Mn by the end of 2027, growing at a CAGR of 3.7% during the forecast period (2019 to 2027).
Top Key Players in Behenyl Alcohol market: BASF, SE, Kao, Corporation, Godrej, Industries, VVF, Chemicals, Sasol, Ltd, and, Nikko, Chemicals, Co., Ltd.
Scope of the Report:
The research report concentrates on the Global Behenyl Alcohol Market in the regional market such as North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Furthermore, the report segments the market according to market type, product type, end-users, vertical sectors, product prices, new product launches, innovation, and product differentiation.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Behenyl Alcohol market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]
Rising investment by major players on the research and development of latest cosmetics and cosmeceuticals products is projected to foster market growth over the forecast period. Players are investing heavily in innovations like hypoallergenic creams, which have minimal impact on health. Hence, rising investment within the innovation during a cosmetic product is projected to spice up the market growth of behenyl alcohol over the forecast period.
The increasing availability of small, handy and affordable cosmetic products including the growing number of working women is predicted to foster the market growth over the forecast period. Growing consumer interest towards herbal and Ayurveda cosmetic products including the rising demand for premium cosmetic beauty products thanks to the changing lifestyle of the buyer and rapid urbanization is projected to propel the market growth over the forecast period.
The rising trend of innovative packaged cosmetic products is fueling the demand for cosmetic products, in turn accelerating the market growth of the behenyl alcohol. Currently, innovative packaging is playing a very crucial role in increasing the sales of cosmetics. Moreover, advanced feature such as easy to open caps, packs which could stand up better in showers, pump packs which are convenient and easy to use is further projected to fuel the market growth of behenyl alcohol.
Increasing usage of behenyl alcohol in anti-aging creams is anticipated to augment the market growth over the forecast period. For instance, in September 2018, SkinCeuticals, a leader in advanced skincare technology, has announced the launch of Retinol 0.3. This new concentrated facial cream with pure retinol improves the appearance of visible signs of aging and skin discoloration while minimizing breakouts and refining pores. Hence, the increasing launch of anti-aging creams is expected to fuel the demand for behenyl alcohol.
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