BEHENYL ALCOHOL MARKET ANALYSIS
Global behenyl alcohol market was valued at US$ 159.24 Mn in 2021 and is anticipated to reach US$ 220.83 Mn by the end of 2030, growing at a CAGR of 3.7% during the forecast period (2022 to 2030).
Figure 1. Global Behenyl Alcohol Market Value Share (%), By Region, 2021
Global Behenyl Alcohol Market- Impact of Coronavirus (Covid-19) Pandemic:
With the introduction of COVID-19 in 2020, the behenyl alcohol sector, which was witnessing growth at a CAGR of roughly 4.5% annually, saw a year-over-year growth of nearly -3.1% in 2020.
Market Trend
Rising trend of innovatively packaged cosmetic products is fuelling demand for cosmetic products, which is in turn accelerating the market growth of behenyl alcohol. Currently, innovative packaging is playing a very key role in increasing the sales of cosmetics. Moreover, advanced features of cosmetic packaging 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.
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