The cetanol market is projected to record a CAGR of 4.7% during the forecast period, with an incremental growth of USD 651 Million through the forecast period.
Sales of cetanol are expected to rise as cetanol is being increasingly used in personal care and cosmetics. In addition to this, demand for cetanol is rising on account of the growing cetanol market share in Germany. Increasing demand from the food and beverage industry is also projected to contribute to the growth of the cetanol market share.
| Attributes | Details |
|---|---|
| Cetanol Market CAGR | 4.7% |
| Cetanol Market Size (2022) | USD 411.26 Million |
| Cetanol Market Share (2032) | USD 651 Million |
The increasing adoption of cetanol in personal care and cosmetic goods is propelling the industry forward. Cetanol is an opacifier, thickening, co-emulsifier, emollient, softener, and moisturizer that can be found in skincare products.
Non-aqueous liquids, such as lotions, have improved foaming capability. As a result, cetyl alcohol's multifunctional qualities may expand its application in personal care and cosmetic goods.
The expansion of the cetanol market is being hampered by consumer desire for chemical-free personal care and cosmetics. Cetanol is poisonous, and topical medicines containing cetanol might cause negative effects.
The cetanol found in cosmetics and personal care items has been linked to contact dermatitis in people with sensitive skin. Burning, stinging, redness, and inflammation of the skin are some of the other negative effects.
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Cetanol plays a vital ingredient in the formulation of cosmetics. Cetanol fills in as a thickener, emulsifier emollient, and carrying agent for different ingredients present in cosmetic formulations and solutions.
Also, Cetanol is considered a surfactant used in shampoos as a thickening agent for the formulation of healthy skin creams and lotions. Cetanol is additionally utilized as a thickening agent in the formulation of cleansers and soaps. The increasing uses of the product are leading to a rise in the sales of cetanol.
Cetanol enables emollient properties during the formulation of healthy skin care items because of its retention and adsorption in the epidermis layer, where it lubricates and provides the softening of the skin. Besides, the overall revenue for the cosmetic industry at the global level is on the path to rising to create significant sales of ethanol as well.
Anti-aging creams and healthy skin care items are in intense interest among the maturing population in the developed nations creating demand-space for cetanol. The millennial group and population are presently much more considerate of different cosmetic items around the globe, increasing the demand for cetanol from their market group.
Thus, the developing worldwide utilization rate for cosmetic products can help in driving the demand for cetanol. However, attaining certification from different regulations delays the commercial cycle of the cosmetic product and increases the production cost, thus dents the growth of sales of cetanol.
North America and Europe collectively dominate the cetanol market in terms of consumption. These two regions collectively hold more than half of the demand for cetanol.
Most of the population in the developed country is getting economically richer because of the steady economic growth. This has increased the purchasing ability and the ability to spend more on specialty products (specialty cosmetics and personal care products being some of them) as compared to the earlier times when such products were considered unaffordable by most of the middle class and poor class population thus creating substantial demand for cetanol.
Asia-pacific countries such as China, India, and ASEAN to name a few are considered one of the fastest growing countries across the world with rising sales of cetanol. A significantly large young population base in the region is creating ample growth opportunities for sales of cetanol.
Also, the sales of cetanol are highly influenced by the introduction of new and innovative personal care products that are being launched in the market periodically.
In the Middle East and Africa, Cosmetic products are bound to Halal & Kosher certification, cetanol suppliers in the region are looking forward to gaining the same to increase their product penetration.
Some of the market participants in the global cetanol market identified across the value chain include:
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 4.7% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Form, application, end-use, region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates(UAE), Iran, South Africa |
| Key companies profiled | Surfachem Group Ltd; Pure Spa Aromatherapy; Acme-Hardesty Company; Agricole Bio-Technology Pte Ltd; Suriachem Sdn Bhd; Stoney Hill Farm; Timur Network Malaysia Sdn.Bhd; Acme-Hardesty Company; Naturallythinking; Lansdowne Chemicals Plc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The cetanol market is forecasted to register a CAGR of 4.7% during the forecast period.
Key players holding substantial cetanol market share include Surfachem Group Ltd, Pure Spa Aromatherapy, Acme-Hardesty Company, Agricole Bio-Technology Pte Ltd, Suriachem Sdn Bhd, Stoney Hill Farm, Timur Network Malaysia Sdn. Bhd, Acme-Hardesty Company, Naturallythinking, and Lansdowne Chemicals Plc.
Demand for cetanol is likely to rise on the back of the increasing adoption of cetanol in the cosmetics industry.
| CAGR (2023 to 2033) | 4.6% |
|---|---|
| Market Size - 2023 | USD 114.02 billion |
| Market Size - 2033 | USD 178.78 billion |
| Market Valuation (2023) | USD 6.5 billion |
|---|---|
| Market Valuation (2033) | USD 12.7 billion |
| Market CAGR (2023 to 2033) | 6.8% |
| Market Size (2022) | USD 16.80 Billion |
|---|---|
| Market Size (2032) | USD 27.37 Billion |
| Market CAGR (2022 to 2032) | 5% |
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Cetanol Market
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