Skip to main content

Stearyl Stearate Market Projected to be Influenced by Rising Technological Innovations

 

Stearyl Stearate Market: Overview

·         Stearyl stearate is used in eye makeup, skin cleansers, resins, foundations, perfumes, and lubricants. Increase in demand for beauty and personal care owing to the rise in per capita disposable income in emerging economies such as China and India is projected to be a major factor driving the stearyl stearate market during the forecast period. Stearyl stearate is used as an emulsifier in different cosmetics products in order to improve product texture. It is also employed as thickener in ointments and hair coating in shampoos.

Key Drivers of Stearyl Stearate Market

·         According to L'Oréal, a leading manufacturer of cosmetic products, the global cosmetic market was valued at US$ 532 Bn in 2018 and is expected to expand at a CAGR of approximately 5.5% by 2020. The global cosmetic market is primarily driven by the rise in urbanization; continuous increase in online spending on beauty products; expansion of social networks; increase in consumer interest in new, different, and premium products; growth in global population of senior citizens; and surge in the upper middle class population.

·         The global cosmetics industry is becoming competitive, as key players from the U.S., France, and China have established new businesses in India and Mexico. Companies in Europe have expanded their product portfolio. This has led to an increase in market share of these companies in the global market.

·         According to a report published by Infinitus in 2018, the cosmetic market in Latin America is projected to reach US$ 68.92 Bn by 2020. Additionally, the personal care & cosmetics industry in the region is expanding at a rapid pace. It is followed by energy drinks, pharmaceuticals, malls, and smartphones industries. Glycolic acid is a primary ingredient in the formulation of cosmetics products. Thus, the global glycolic acid market is expanding in line with the cosmetic industry. Growth in the cosmetics industry is anticipated to fuel the global stearyl stearate market.

Request Sample

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=74979

Fluctuation in Prices of Raw Materials to Hamper Market

·         High volatility in prices of raw materials is estimated to hamper the stearyl stearate during the forecast period. Price pressures and intensifying market competition make it tough for manufacturers to sustain themselves in the market.

Key Segment of Stearyl Stearate Market

·         In terms of application, the cosmetics segment is projected to hold major share of the global stearyl stearate market during the forecast period, as stearyl stearate acts as emollient and dispersant in anti-acne, anti-ageing, skin treatment, sun care, color cosmetics formulations, etc. Stearyl stearate contributes barrier properties and lubricity without leaving a heavy after-feel in formulations. It also acts as a viscosity controlling agent in personal care formulations.

Europe Projected to Hold Large Share of Global Stearyl Stearate Market

·         Europe accounts for major share of the pharmaceutical across the globe; Germany, France, Italy, the U.K., and Spain are the top five countries in the pharmaceutical industry in the region. Rise in demand for stearyl stearate in the pharmaceutical industry in Europe is driving the market in the region.

·         The beauty & personal care products market in Latin America was valued at US$ 59.63 Bn in 2017 and is likely to reach US$ 83.64 Bn by 2026. Expansion of the personal care industry is driving the stearyl stearate market in the region.

·         In terms of revenue, the beauty & personal care industry in North America stood at US$7,538 Mn in 2019. Personal care, a prominent segment of the beauty & personal care industry, is estimated to reach a value of US$3,592 Mn by the end of 2019. This can be ascribed to the rise in demand for personal care products among wholesalers and retailers, which is ultimately driven by consumer spending, tastes, and preferences.

·         GCC is anticipated to be a highly attractive sub-region of the stearyl stearate market in Middle East & Africa during the forecast period, as it is has a large number of high net worth individuals. Thus, GCC is an ideal destination for luxury and high-quality cosmetics products.

More Trending Reports

https://www.prnewswire.com/news-releases/high-purity-alumina-market-increased-product-use-across-electronics-industry-likely-to-boost-sales-says-tmr-301327894.html

Key Players in Market

The global stearyl stearate market is highly fragmented, with the top manufacturers accounting for approximately 20% to 30% share. Key players operating in the stearyl stearate market include:

·         FINETECH INDUSTRY LIMITED

·         Fine Organics

·         Mohini Organics Pvt. Ltd.

·         JRS PHARMA

·         OChem Incorporation

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=74979&ltype=S

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more