ISOSTEARYL ALCOHOL MARKET ANALYSIS

The global isostearyl alcohol market is projected to surpass US$ 229.3 Million by the end of 2030, in terms of revenue, growing at CAGR of 5.7% during the forecast period (2023 to 2030).

Global Isostearyl Alcohol Market: Growth Drivers

Increase in demand for viscosity boosting and anti-aging agents

The global isostearyl alcohol market is driven by the increase in demand for viscosity boosting and anti-aging agents. Isostearyl alcohol prevents the formation of crystals in personal care and cosmetics products. Therefore, demand for isostearyl alcohol is rising as an ingredient in personal care and cosmetics products. This is expected to propel the isostearyl alcohol market during the forecast period 2023-2030

For instance, in 2022 NutriGlow Cosmetics is delighted to launch dermatologically-tested anti-aging products with Vitamin C and Hyaluronic Acid to help consumers fight skin concerns such as dark spots, fine lines, hyperpigmentation, discoloration, and uneven skin tone. Age Repair products help rebuild the skin’s collagen to diminish the appearance of aging

Figure 1. Global Isostearyl Alcohol Market, Revenue Share (%), By Region, 2022

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Increasing Usage of Isostearyl Alcohol in Cosmetics to Support Market

The extensive usage of isostearyl alcohol in the production of several cosmetics and personal care products, such as lotion, serum, and creams, is reflected positively on the growth of the global isostearyl alcohol market". Apart from this, the presence of anti-aging agents in isostearyl alcohol is also boosting its application substantially, For instance, in December 2021, Pour Moi Skincare, a cosmetic brand, launched Merry Mask Duo, an anti-aging product developed to block blue light radiation.

Global Isostearyl Alcohol Market: Restraints

Availability of other Emollient and Surfactant

The market is restrained by the availability of other emollients and surfactants that can be used in personal care products, these alternative products are often more affordable than Isostearyl alcohol Products which can lead to lower demand for isostearyl alcohol.

Global Isostearyl Alcohol Market- Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 outbreak is wreaking havoc across the world, affecting almost every country and economy. Lockdowns, trade restrictions, and industry shutdowns have adversely affected the functioning of most sectors. Steep drop in the sales of different end products, such as personal care and cosmetic products, during the COVID-19 pandemic has badly hit the business and revenue of the global isostearyl alcohol market. The market is expected to bounce back to its usual form with relaxation in the movement of people and goods as the pandemic subsides.

Global Isostearyl Alcohol Market: Development and Trends

Rise in demand for isostearyl alcohol as an ingredient in personal care products and cosmetics is expected to boost the isostearyl alcohol market during the forecast period. The global isostearyl alcohol market is driven by the increase in demand for viscosity boosting and anti-aging agents. Isostearyl alcohol prevents the formation of crystals in personal care and cosmetics products. Therefore, demand for isostearyl alcohol is rising as an ingredient in personal care and cosmetics products. This is expected to propel the isostearyl alcohol market during the forecast period. Blending of isostearyl alcohol with other fatty alcohols to improve its properties is a recent trend in the global isostearyl alcohol market. Led by the monotonic properties of isostearyl alcohol, producers are focusing on developing various blends with other fatty alcohols as part of their product strategy. Isostearic acid is the basic raw material used in the production of isostearyl alcohol. Most manufacturers of isostearyl alcohol are shifting their production to other isostearic acid derivatives due to the monotonic properties of isostearyl alcohol vis-à-vis other fatty alcohols.

Global Isostearyl Alcohol Market: Market Segmentation

Regionally, Europe dominated the global isostearyl alcohol market in 2022, reporting a 30% market share in terms of revenue, followed by North America and Asia-pacific, respectively.

Global Isostearyl Alcohol Market: By Application

On the basis of application, emollient dominated the global isostearyl alcohol market in 2022 with around 27% of the market share in terms of revenue, followed by solvent and glossing agents, respectively.

Figure 2. Global Isostearyl Alcohol Market, Revenue Share (%), By Application, In 2022

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Global Isostearyl Alcohol Market: Recent Developments

In June 2022, Croda International Plc. launched a new range of Isostearyl alcohol that are specifically designed for use in personal care products. The new range of isostearyl alcohol offer a number of benefits including improved skin feel, increase durability and enhance performance,

In Sept 2022, Oleon NV has announced plans to enhance its production capacity for Isostearyl Alcohol and will help the company meet the growing demand for isostearyl alcohol in the personal care market.

In Sept 2022, Jarchem Industries Inc., has launched a new line of Isosterayl alcohol that are certified organic. The new line of isostearyl alcohol is designed to meet the growing demand for natural and organic personal care products.

In May 2022, The Korea Institute of Science and Technology announced the development of a new method of production of Isostearyl Alcohol, The new method is more environmentally friendly than the traditional method and could lead to lower production costs.

Global Isostearyl Alcohol Market: Key Companies

Key players operating in the global isostearyl alcohol market are Croda International Plc., Oleon, Jarchem Industries Inc., and Nissan Chemical America Corporation

*Definition: Isostearyl alcohol is branched-chain alcohol with the chemical formula C18H38O. It is also referred to as isooctadecanol or isooctadecyl alcohol and is insoluble in water and miscible in most waxes and oil. Isostearyl alcohol is widely used in the manufacturing of various cosmetic and personal care products such as lotion, serums, and creams due to its excellent property of high viscosity which helps in the prevention of the formation of crystals in personal care products.