Global Behenyl Alcohol Market was estimated to be valued at US$ 159.24 Million in 2021, according to the Global Behenyl Alcohol Market Report, by Application (Emollients, Emulsifiers, Thickeners, Others), by End Users (Cosmetics, Pharmaceuticals, Nutritional Supplements), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global behenyl alcohol market was valued at US$ 159.24 Million in 2021 and is expected to register a CAGR of 3.7% over the forecast period (2022–2030). The Asia Pacific region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.
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https://www.coherentmarketinsights.com/market-insight/behenyl-alcohol-market-3281
Browse 50 market data tables* and 40 figures* on "Global Behenyl alcohol Market” - Forecast to 2030.
Key Trends and Analysis of the Global Behenyl alcohol Market:
- Rising trend of innovatively packaged cosmetic products is fueling demand for cosmetic products, which is in turn accelerating the market growth of behenyl alcohol. Innovative packaging is playing a key role in increasing the sales of cosmetics. Moreover, advanced features of cosmetics 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.
- 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. Behenyl alcohol, however, has an antiviral effect in medical applications against lipid-enveloped viruses like the herpes simplex virus (HSV) and is also a component of lotions used to treat recurrent herpes on the skin. With the growing demand for OTC treatments and ointments for cold sores, the market is anticipated to gain traction over the forecast period due to its multiple applications in the pharmaceutical industry.
Key Takeaways of the Global Behenyl alcohol Market:
- Among end users, the cosmetics segment dominated the global behenyl alcohol market in 2021, followed by pharmaceuticals and nutritional supplements.
- Among region, Asia Pacific dominated the global behenyl alcohol market in 2021, in terms of revenue, followed by North America and Europe
- New product launches, merger & acquisitions, strategic partnership, expansion, and research & development activities for the innovation of new products are key strategies adopted by players in the global behenyl alcohol market.
