STEARYL ALCOHOL MARKET ANALYSIS
Market Dynamics:-
Europe is one of the largest markets for stearyl alcohol due to increasing demand for personal care and cosmetics products. According to the U.S. Department of Commerce’s International Trade Administration, cosmetic market of France generated a revenue of US$ 11.37 billion in 2018 compared to US$ 11.17 billion in 2015.
Market Outlook:-
Increasing disposable income and high demand for hair care products such as hair cream and shampoos is expected to lead to surge in demand for stearyl alcohol. According to India Brand Equity Foundation, the personal care market in India is expected to reach US$ 20 billion by 2025 from US$ 6.5 billion in 2015. Therefore, significant growth in the personal care market is expected to boost the stearyl alcohol market growth over the forecast period.
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