ISOSTEARYL ALCOHOL MARKET ANALYSIS

Isostearyl Alcohol MarketSize and Trends

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: 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

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.