Cetyl Alcohol Market to Record an Exponential CAGR | 2024
Cetyl
alcohol is a long chain of organic alcohol. They are also known by
various other chemical names such as 1-Hexadecanol, cetanol,
Hexadecan-1-ol, N-Hexadecyl alcohol or palmityl alcohol. Under room
temperature, Cetyl alcohol is usually in the form of waxy white solid
or flakes. There are various methods to obtain Cetyl alcohol and one
of the modern method used is based on the reduction of palmitic acid,
which is obtained from palm oil. It is one of the prime components
for Cetearyl Alcohol which is another chemical compound, whose
applications are extensively used in various industries. Another new
method of making cetyl alcohol consists of saponification of
spermaceti in ethylene glycol in a stainless steel vessel provided
with mechanical agitation.
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On
the basis of form, the Cetyl Alcohol market can be segmented into the
clear liquid and waxy solids. Among these forms, Cetyl Alcohol market
has been anticipated to have higher volume share in waxy solids
sector due to its wide range application in various industries
especially cosmetics.
On
the basis of functions, the Cetyl alcohol market can be segmented
into emulsification, thickening agent, anti- oxidant, conditioning
agent, emollient, and surfactant. Emulsification and emollient are
expected to have higher volume share as compared to other functions
due to its large scale application in the cosmetic industry to
produce products such as shampoos, skin creams, lotions etc.
A
regional segment for the market of Cetyl alcohol is divided into five
different regions: North America, Latin America, Europe, Asia
Pacific, and Middle East & Africa. Europe has been leading market
from past five years in the global cosmetics market. The consumption
rate of various cosmetic products has been increasing extensively in
Europe. Germany has been the main market for Europe followed by
France, United Kingdom, and Italy. Cetyl alcohol being the main
ingredient for various cosmetic products suggest that Cetyle alcohol
market has the higher share in European regions in terms of value
sales. On the other hand, North America region and Asia Pacific
regions are being as the emerging market for Cetyl alcohol since
these regions are witnessing the rise in consumption of various
cosmetic products.
Cetyl
alcohol plays a pivotal role in the cosmetic industry. They work as
an emollient, emulsifier, thickener and carrying agent for other
ingredients contained in a cosmetic solution. Cetyl alcohol act as a
surfactant in shampoos, thickening agent in the manufacture of skin
care creams and lotions. It also used as a thickening agent in the
manufacture of soaps, particularly those made with vegetable oil. It
imparts emollient properties to formulations of skin care products
due to its absorption and retention in the epidermis where it
lubricates and softens the skin. Moreover, the value sales for the
global cosmetic industry has been on the rise. Anti-aging creams and
skin care products are in high demand among the aging population in
the developed countries. The millennial population is now much
considerate on various cosmetic products around the world. Hence the
growing global consumption rate for cosmetic products can help in
driving the demand for Cetyl alcohol market.
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Some
of the key players in Cetyl alcohol Market are Surfachem Group Ltd,
Naturallythinking, Pure Spa Aromatherapy, Lansdowne Chemicals Plc,
Acme-Hardesty Company, AGRICOLE BIO-TECHNOLOGY PTE LTD, TIMUR NETWORK
MALAYSIA SDN.BHD, SURIACHEM SDN BHD, and Stoney Hill Farm.
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