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Ethylene Glycol Monostearate Market Present Scenario and Growth Prospects 2017-24
Posted: Jun 21, 2017
An outlook on Ethylene Glycol Monostearate Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.
Global Ethylene Glycol Monostearate Market size is likely to witness robust growth owing to its wide applications as surfactants in toiletries, detergents and even in cosmetic products.
The product imparts a pearlized look to products and hence is primarily used in cosmetics. It helps to turn a transparent product into a white-colored product depending on the usage amount and other ingredients. Also, due to rising use of personal care and cosmetic products round the world, the global ethylene glycol monostearate market is set to witness substantial gains. Developing countries like China and India in the Asia Pacific region have a growing young population with changing lifestyles and increasing disposable income. As these economies are growing at a substantial rate, people are getting aware about personal care and grooming. They are eager and willing to spend over their grooming and cosmetic needs. This in turn is driving the demand for personal care and cosmetic products and eventually for the ethylene glycol monostearate market.
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Also, it is considered to be human-friendly due to its low toxicity. Owing to this property, the repeated use of ethylene glycol monostearate products have negligible chances of causing any problems such as hyper-sensitivity, sensitization or any irritation of eye or skin. This will have a positive impact on the ethylene glycol monostearate market globally.
The product has no close substitutes in the market and hence has an advantage in future as well. Due to negligible competition, the ethylene glycol monostearate market is likely to grow more preference.
People with extreme sensitive skin and skin allergies might have a chance of developing mild swelling, redness and itching due to the product usage. This may be one of the hindrances for the ethylene glycol monostearate market.
The global ethylene glycol monostearate market can be bifurcated on the basis of its source such as vegetable and animal fats. Growing acceptance of plant derived organic products will boost the vegetable fat derived ethylene glycol monostearate market in the coming years.
On the basis of product type, the product is available in white flake or bead. White flakes are commonly used in the ethylene glycol monostearate market applications and will likely hold sway the industry in the forecast years.
Ethylene glycol monostearate market is globally segmented according to its applications such as emulsifiers, opacifiers, and pearling agents. In cosmetic products such as conditioners, lotions and creams, it is favored as a secondary emulsifier and opacifier. One of the most common application of the product is that it is used as a pearlizing agent. It usually serves several purposes in cosmetics and shampoos and provides slight conditioning properties. The product is used as an opacifier in liquid foam baths and also acts as an excellent viscosity-enhancing agent.
On the basis of end-user industries, the global ethylene glycol monostearate market is classified as toiletries, cosmetics and detergents. It is extensively used as a pearlizing agent in several personal care products such as shower gels, bath gels and shampoos. Generally, its properties help to provide thickness & shape to the products and stabilize surfactant systems.
The global ethylene glycol monostearate market is segmented on the basis of region as Europe, Asia Pacific, North America, Latin America and Middle East & Africa. In the developed regions, such as Europe and North America, ethylene glycol monostearate market experiences a high demand as people living in these regions have higher disposable income and willingness to spend over cosmetics. Also, in the regions of Asia Pacific and Latin America, ethylene glycol monostearate market demand is on a rise with rising awareness about personal grooming and cleanliness.
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The primary players operating in the ethylene glycol monostearate market are Solvay, VWR, Thurs Organics, Alpha Chemicals, Sigma-Aldrich, Jeevika Yugchem, Mohini Organics, Greenwell Olechemicals Sdn Bhd, Shijiazhuang City Horizon Chemical Industry, Huzhou Sifeng Biochem, Guangzhou Chuangyue Chemical, Spectrum Chemical Manufacturing Corp., Unichem LLC, Zeal Chemicals, Wellgo Chemical Technology, and Oceanic Pharmachem to name some.
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