BEHENYL ALCOHOL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 to 2031)

Behenyl alcohol (Docosanol) is a fatty alcohol and is used as a thickener and emulsifier in cosmetics, pharmaceuticals, and nutritional supplements. The emulsifying property of behenyl alcohol prevents the oil and water phases of the product from separation and improves the consistency of the cosmetic product, which enables an even distribution of the skincare product.

In 2000, the U.S. Food and Drug Administration (FDA) approved docosanol as an antiviral medication. Docosanol can be used to reduce Herpes simplex virus-induced cold sores. Docosanol is used extensively and has a purity level of about 70%. Docosanol with a purity level of more than 80% is used rarely. Behenyl alcohol covers a small portion of the overall fatty alcohols market.

Market Dynamics

Behenyl alcohol is increasingly being used in the pharmaceutical and organic cosmetics industries, which is the main driver of the product's demand globally. Majority of the world's rapeseed is produced in Europe. Most Europe-based cosmetic businesses negotiate lower prices for raw materials than competitors from North America and Asia Pacific. Furthermore, there are more than 450 major and minor manufacturers of cosmetics and personal care products throughout Europe. Behenyl alcohol market in Europe is anticipated to be driven by rising anti-aging product usage. Market for behenyl alcohol in Asia Pacific is also anticipated to grow due to the supply of low-cost labor and raw materials as well as growing demand for organic cosmetics.

However, a significant problem impeding growth of the behenyl alcohol market is the surplus of fatty alcohol. High cost of behenyl alcohol stands a significant barrier to growth of cosmetic and personal care products business when compared to other long-chain fatty alcohols. Behenyl alcohol has a number of negative side effects, including dizziness, chest pain, face swelling, etc. These could discourage customers from buying products that contain behenyl alcohol, which can significantly impede the market's overall growth.

Key features of the study:

• This report provides an in-depth analysis of global behenyl alcohol market, market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global behenyl alcohol market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include BASF SE, Kao Corporation, Godrej Industries, VVF Chemicals, Sasol Ltd, and Nikko Chemicals, Co. Ltd.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global behenyl alcohol market report caters to various stakeholders in this industry including investors, suppliers, behenyl alcohol providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global behenyl alcohol market

Detailed Segmentation:

• Global Behenyl Alcohol Market, By Application:
  • Emollients
  • Emulsifiers
  • Thickeners
  • Others
• Global Behenyl Alcohol Market, By End Users:
  • Cosmetics
  • Pharmaceuticals
  • Nutritional Supplements
• Global Behenyl Alcohol Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Sub-region:
      • Middle East
      • Africa
• Company Profiles
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Kao Corporation
  • Godrej Industries
  • VVF Chemicals
  • Sasol Ltd.
  • Nikko Chemicals Co. Ltd.

“*” marked represents similar segmentation in other categories in the respective section