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Global Stearyl Alcohol Market
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- Published date: June 16, 2021
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- Pune, Pune, Maharashtra, India [ #41867 Ad Views - 22 ]
Global Stearyl Alcohol Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 5.2% during a forecast period.
Global Stearyl Alcohol Market Overview
Catalytic hydrogenation is used to produce stearyl alcohol from naturally existing materials such as coconut oil. It is an organic chemical classed as fatty alcohol with a boiling temperature of 210 °C and a melting temperature of 60 °C. It is available in the form of flakes or granules that are insoluble in water. The molecule is classified as a long-chain unsaturated or saturated fatty alcohol.
Stearyl alcohol is used in a variety of applications, including pacifying agents, surfactants, and detergents, when combined with acetyl alcohol. It is also used as a viscosity-increasing agent and in lotions and ointments as an emollient. Blending with other fatty alcohols is projected to bring up a slew of new opportunities for the global stearyl alcohol market during the forecast period.
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Global Stearyl Alcohol Market Dynamics
Rising consumer expenditure on hair care products such as shampoos and hair creams is a key element driving market growth. Other important reasons driving the stearyl alcohol market include an increase in disposable income and increased demand for beauty and personal care commodities due to a growing population throughout the world. Furthermore, increased demand for environmentally friendly and organic goods is expected to generate new possibilities for the stearyl alcohol market during the forecast period.
Furthermore, because stearyl alcohol is chemically non-ionic, it does not get charged when combined with water, rendering rinsing/cleaning useless. These are two major restraints of the stearyl alcohol market.
Increasing Demand for Lubricants in the Automotive Industry support the Stearyl Alcohol Market growth
The automobile sector is growing quickly across the world; in 2019, the automotive industry in the United States contributed 2.7 % to the country's GDP. Stearyl alcohol is used to make lubricants, which are then utilized in the automobile industry. As a result, the rapidly growing automotive sector and rising vehicle ownership give a boost to market growth.
Lubricants are essential for vehicle maintenance; for example, they are widely used in traditional vehicles like automobiles and motorcycles to protect the joints. According to Statista, worldwide lubricant demand was over 36 million metric tonnes in 2019. North America has a high per capita lubricant consumption; the US lubricant industry was valued at roughly USD 19 billion in 2019. As a result, as the lubricant industry grows, so does the demand for stearyl alcohol, propelling the industry forward even more.
For a more information@: https://www.maximizemarketresearch.com/market-report/global-stearyl-alcohol-market/103469/
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