Isostearyl Alcohol Market Global Industry Analysis, By Key Players Forecast to 2030

Isostearyl Alcohol Market 2022

Over the projection period of 2020 to 2030, increasing demand for isostearyl alcohol as a component in personal care and cosmetic products is anticipated to propel market expansion. The development of natural components for anti-aging skin care products and the rising demand for multifunctional personal care chemicals, however, are two significant obstacles that are anticipated to have an impact on the worldwide isostearyl alcohol market. Isostearic acid is the primary source of isostearyl alcohol, which is manufactured using 16% to 18% of the world’s total isostearic acid production. The development of ecologically friendly emollients and surfactants by isostearic acid producers, however, could lower the percentage of isostearyl acid conversion to isostearyl alcohol during the ensuing years.

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The global isostearyl alcohol market is projected to expand at a CAGR of 4.5% over the next decade, expanding 1.6X by 2030.

Key Takeaways from Isostearyl Alcohol Market Study

• On the basis of application, the emollients and solvents segments collectively hold a bulk of the share of global isostearyl alcohol market.
• On the basis of end use, the personal care segment is currently the most prominent segment in this market in terms of volume, while the cosmetics segment is expected to gain traction over the forecast period due to rising demand for anti-aging products.
• Increasing per capita consumer expenditure on personal care and cosmetic products and growing demand for skin care products across Asia Pacific, especially China, are some of the factors driving demand for anti-aging products, in turn, anticipated to boost the growth of the isostearyl alcohol market in the region.
• Due to the COVID-19 pandemic, decreased demand from industries such as cosmetics and personal care products will hamper the progress of the global isostearyl alcohol space.

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Isostearyl Alcohol Market Landscape

Croda International Plc., Oleon N.V (Avril Group), Jarchem Industries Inc., and Nissan Chemicals America Corporation are the top producers of isostearyl alcohol. While isostearic acid is the basic raw material for the production of isostearyl alcohol, most producers are shifting their production to other isostearic acid derivatives due to the monotonic properties of isostearyl alcohol as compared to other fatty alcohols.

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