Isostearyl Alcohol is a chemical compound belonging to the alcohol group that consists of 18 carbon in its molecular structure. It is a transparent and clear liquid, mostly soluble in waxes and oil but insoluble in water. Isostearic acid is the main raw material used in the manufacturing of isostearyl alcohol. This is used as the main ingredient in most of the cosmetic and personal care products. It has excellent viscosity and anti-aging functionality thus enhancing the texture of the cosmetic product.
The global isostearyl alcohol market was estimated to be valued at more than US$ 146.7 million in terms of revenue in 2022 and is predicted to grow at a CAGR of 5.7% during the forecast period (2023 to 2030)
Global Isostearyl Alcohol Market: Drivers
In the cosmetic sector, there is an increasing need for viscosity enhancers
Rising demand for viscosity boosters in the cosmetic industry in order to avoid the formation of the crystal is expected to fuel the market growth of the isostearyl alcohol. Isostearyl alcohol increases the viscosity of the product without compromising the functionality of the cosmetic properties. Hence, the rising demand for isostearyl alcohol as an ingredient in the cosmetic industry is expected to augment the market growth of isostearyl alcohol.
Market Opportunities
Expanding online e-commerce, especially in Asia Pacific region has enabled convenient purchasing options for the consumer, thus consumers prefer buying products online and this is expected to provide enormous growth opportunities to the market of isostearyl alcohol. According to the International Trade Administration, Australians spent nearly US$ 882 million on online cosmetic purchases in 2020. It is projected that B2C e-commerce will grow by another eight percent in 2023
Global Isostearyl Alcohol Market: Restraints
Growing demand for multifunctional personal care ingredients
Growing demand for multifunctional personal care ingredients is a major challenge for isostearyl alcohol as it is monotonic and is expected to hamper the market growth of isostearyl alcohol. For instance, in July 2020, Alban Mular International launched natural salicylic acid. The newly developed salicylic acid offers anti-inflammatory as well as anti-microbial properties that enhance wrinkle-smoothing impact. It also finds applications in hair care and skin care products.
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https://www.coherentmarketinsights.com/market-insight/isostearyl-alcohol-market-3792
Key Takeaways
On the basis of end-use industry, personal care dominated the global isostearyl alcohol market in 2022 with around 59% of market share in terms of revenue, followed by cosmetics, respectively.
Market Trends
Rising trend of blending isostearyl alcohol with other fatty alcohol among producers to enhance the properties and expand its application is expected to foster market growth. For example a blend of polybutene, isononyl isononanotae, and isostearyl alcohol acts as a pigment binder, providing easy spread ability of the product on the skin and waterproof film-forming properties. This trend is expected to propel the market growth over the forecast period.
Rising demand for baby cosmetic products such as baby lotions, shampoos, and creams is expected to accelerate the market growth of isostearyl alcohol. Various producers are penetrating baby care segments to meet the rising demand is further projected to augment the market growth over the forecast period.
Competitive Section
Key players operating in the global isostearyl alcohol market are Croda International Plc., Oleon, Jarchem Industries Inc., and Nissan Chemical America Corporation
