Behenyl Alcohol Market 2017-2027

Definition of Market/Industry:

Behenyl alcohol is also referred to as docosanol, is a large fatty straight-chain alcohol. It is used as thickener, emulsifier, and opacifying ingredient. It is used to reduce the clear or transparent appearance of the cosmetic product as an opacifying agent. As a thickener it offer products to attain more desirable and spreadable texture.

The global behenyl alcohol market was valued at US$ 142.8 Mn in 2018 and is anticipated to reach US$ 199.8 Mn by the end of 2027, growing at a CAGR of 3.7% during the forecast period (2019 to 2027).

Drivers

The growing market of personal care product industry in the U.S region a prominent factor expected to fuel the market growth of the behenyl alcohol. According to LoudCloudHealth.com the cosmetics industry was worth $93.5 billion in the US market in 2019. Women in the USA spend around $3,000 on cosmetics annually and 4 out of 5 American women follow beauty industry trends and regularly use fragrance products. Hence, expanding personal care product industry is expected to foster the market growth of behenyl alcohol over the forecast period.

Increasing demand for the organic cosmetic product in the Europe region is expected to propel the market growth of behenyl alcohol. For instance, according to the premium beauty news, in Europe, sales of natural and organic cosmetics have grown at an average of +7% per year over the past five years and are expected to reach 5 billion euros by 2023. It was recorded 757 million euros in 2018, a leap of +18.7% compared to 2017. Hence, the rising demand for organic cosmetics is expected to fuel market growth over the forecast period. 

Asia Pacific region dominated the global behenyl alcohol market in 2018, accounting for 38.8% share in terms of value, followed by North America and Western Europe, respectively

Figure 1. Global Behenyl Alcohol Market Share, By Region, 2018

Behenyl Alcohol  | Coherent Market Insights

Market Restraints

High cost of behenyl alcohol products is a major factor expected to hinder the market growth over the forecast timeframe. Manufacturer of cosmetics in Brazil is highly dependent on the import of behenyl alcohol products from suppliers in Asia and price fluctuation in rapeseed oils could impact overall sales of behenyl alcohol in Brazil. Hence, the high cost of the behenyl alcohol-based products is projected to hamper the market growth in the near future.

Growing consumption of stearyl alcohol as a substitute of behenyl alcohol could decrease the demand for behenyl alcohol in cosmetic products. The Asia Pacific has witnessed a strong demand for stearyl alcohol from the cosmetic industry that could impact the demand for behenyl alcohol and in turn market growth of behenyl alcohol. Stearyl alcohol has widely used in manufacturing of anti-aging products as it has excellent lubricant properties.

Market Opportunities

Rising investment by major players on the research and development of new cosmetics and cosmeceuticals products is projected to foster market growth over the forecast period. Players are investing heavily in innovations like hypoallergenic creams, which have minimal impact on health. Hence, rising investment in the innovation in a cosmetic product is projected to boost the market growth of behenyl alcohol over the forecast period.

The increasing availability of small, handy and affordable cosmetic products coupled with the growing number of working women is expected to foster the market growth over the forecast period. Growing consumer interest towards herbal and Ayurveda cosmetic products coupled with the rising demand for premium cosmetic beauty products due to the changing lifestyle of the consumer and rapid urbanization is projected to propel the market growth over the forecast period. 

Figure 2. Global Behenyl Alcohol Market - Opportunity Analysis

Behenyl Alcohol  | Coherent Market Insights

Market Trends/Key Takeaways

The rising trend of innovative packaged cosmetic products is fueling the demand for cosmetic products, in turn accelerating the market growth of the behenyl alcohol. Currently, innovative packaging is playing a very crucial role in increasing the sales of cosmetics. Moreover, advanced feature such as easy to open caps, packs which could stand up better in showers, pump packs which are convenient and easy to use is further projected to fuel the market growth of behenyl alcohol.

Increasing usage of behenyl alcohol in anti-aging creams is anticipated to augment the market growth over the forecast period. For instance, in September 2018, SkinCeuticals, a leader in advanced skincare technology, has announced the launch of Retinol 0.3. This new concentrated facial cream with pure retinol improves the appearance of visible signs of aging and skin discoloration while minimizing breakouts and refining pores. Hence, the increasing launch of anti-aging creams is expected to fuel the demand for behenyl alcohol.

Figure 3. Global Behenyl Alcohol Market Share, By Grade, 2018

Behenyl Alcohol  | Coherent Market Insights

Based on end users, the behenyl alcohol market is segregated into cosmetics, pharmaceuticals, and nutritional supplements. Wherein, cosmetics segment dominated the global market and contributed for 84.7% in 2018, followed by pharmaceuticals and nutritional supplements.

Figure 4. Global Behenyl Alcohol Market – Value Chain Analysis

Behenyl Alcohol  | Coherent Market Insights

Competitive Section:

Company Names 

Players active in the market are BASF SE, Kao Corporation, Godrej Industries, VVF Chemicals, Sasol Ltd, and Nikko Chemicals, Co. Ltd.

Few Recent Developments

  1. BASF SE
  • BASF SE has a major global presence and leverages its strong distribution network in over 80 countries for effective marketing of its products
  • The company has adopted the strategy of acquisition of similar businesses/companies to further strengthen its presence in the market 
  1. Kao Corporation
  • Kao Chemicals has a significant presence in the Asia Pacific and emphasizes catering to various industries in the region through its strong distribution network. Out of 18 subsidiaries engaged in the chemical business segment, 12 are present in the Asia Pacific. 
  1. Godrej Industries
  • Godrej industries label its product as environmentally friendly. Confederation of Indian Industry (CII) has awarded Valia Plant with ‘GreenCo Silver’ under the Green Company Rating System. This is expected to boost the adoption of the company’s behenyl alcohol products, especially for the manufacture of natural cosmetic products.

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

Market Dynamics

Based on application, emollients segment dominated global behenyl alcohol market in 2018 and contributed for 38.4% in terms of revenue in the same year, followed by emulsifiers and thickeners. Moreover, emollients segment is projected to record substantial growth of 4.8% during the forecast period (2019 to 2027).

On the basis of region, Asia Pacific accounted for the largest share, in terms of revenue in 2018 and contributed for 38.8% in 2018, followed by North America and Western Europe. Moreover, Asia Pacific is anticipated to record fastest growth in terms of revenue in the global behenyl alcohol market during the forecast period (2019 to 2027).

Key features of the study:

  • This report provides in-depth analysis of behenyl alcohol and provides market size (US$ Mn and Metric Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 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 strategy adopted by the leading players
  • It profiles leading 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 the management authorities of the companies to make informed decision regarding their 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 manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the 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 Geography:
    • North America
      • U.S.
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Canada
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
    • Latin America
      • Brazil
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Mexico
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Rest of Latin America
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
    • Europe
      • Germany
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • U.K.
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • France
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Spain
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Italy
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Russia
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Rest of Europe
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
    • Asia Pacific
      • China
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • India
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • ASEAN
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Oceania
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Japan
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Rest of Asia Pacific
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
    • Middle East & Africa
      • Middle East
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
      • Africa
        • By Application:
          • Emollients
          • Emulsifiers
          • Thickeners
          • Others
        • By End User:
          • Cosmetics
          • Pharmaceuticals
          • Nutritional Supplements
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Kao Corporation
    • Godrej Industries
    • VVF Chemicals
    • Sasol Ltd
    • Nikko Chemicals, Co. Ltd.

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By End Users
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Behenyl Alcohol Market, By Application, 2017 - 2027 (US$ Million & Metric Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Emollients
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Metric Tons)
    • Emulsifiers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Metric Tons)
    • Thickeners
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Metric Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Metric Tons)
  5. Global Behenyl Alcohol Market, By End Users, 2017 - 2027 (US$ Million & Metric Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Cosmetics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Metric Tons)
    • Pharmaceuticals     
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Metric Tons)
    • Nutritional Supplements
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn and Metric Tons)
  6. Global Behenyl Alcohol Market, By Region, 2017- 2027 (US$ Million & Metric Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Oceania
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Sub-region, 2019 - 2027
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Metric Tons)
          • Market Size and Forecast, By End Users, 2017- 2027 (US$ Million & Metric Tons)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kao Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Godrej Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • VVF Chemicals
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sasol Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nikko Chemicals, Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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