Registering a year-on-year (YoY) growth of 4.7%, the global Glycol Monostearate Market size is estimated to reach USD 2299 million in 2023.
Furthermore, with growing usage in detergents, cosmetics, and other applications, the overall demand for glycol monostearate is projected to grow at a steady CAGR of 4.7% between 2023 and 2033, totaling USD 3572.2 million by 2033.
By end-use industries, revenue from the cosmetics segment is expected to increase by 11% from 2023 to 2033. This can be attributed to the increasing production and consumption of detergents and the use of cosmetic products to avoid acne and other skin problems across the world.
| Attribute | Key Statistics |
|---|---|
| Glycol Monostearate Market Estimated Size (2023) | USD 2299 million |
| Projected Market Size (2033) | USD 3572.2 million |
| Anticipated Growth Rate (2023 to 2033) | 4.7% |
Glycol monostearate is an organic molecule compound known as ethylene glycol monostearate or glycol stearate. It is an ester of stearic acid and ethylene glycol. Vegetables are frequently used to make it. Animal origins are also sometimes included in the compound.
The insolubility of ethylene glycol monostearate in water, its low acid and iodine levels, and comparatively high boiling point are all relevant features that work together to keep the molecule stable in typical settings.
Over the years, glycol monostearate has become an ideal ingredient in various personal care products and cosmetics, including skin lotions, shampoos, hair conditioners, etc. It is increasingly used as an emollient, surfactant, and emulsifier and can also impart a pearlescent appearance to a formula.
Rising applications of glycol monostearate in cosmetics and personal care products and increasing consumer spending on these products will therefore continue to boost the growth of the global glycol monostearate market during the forecast period.
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The global demand for glycol monostearate is anticipated to grow at 4.7% CAGR between 2023 and 2033, in comparison to the 3.6% CAGR registered from 2018 to 2022. Increasing usage in cosmetics, detergents, and personal care products is providing impetus to the growth of the global glycol monostearate market.
Enzymatic esterification of ethylene glycol monostearate without the use of solvents to help manufacturers reuse the compound will supplement the market growth.
Benefits of Glycol Monostearate in Hair Care to Boost Market Growth
The pale-yellow granular material (GMS) is full of useful elements that help to stabilize product formulas and improve product texture and color. It is recyclable because it is generated from vegetation. In water, glycol monostearate is insoluble properties in alcohols, glycerine, cosmetic esters, and heated mineral oils.
Since ethylene glycol monostearate dissolves in the surfactant composites after heating and crystals form during freezing, it is mostly used as a paralyzing agent in cosmetics and toiletries.
It helps to lower the surface tension between the two liquids, such as oil and water and hence works as a surfactant agent in many hair care treatments.
The chemical contains two bipolar ends: a hydrophilic end that connects to molecules of water and a lipophilic lot that binds to dirt and oil on the exterior of hair strands, making it easier to remove dirt and impurities from the scalp and hair during washing.
Skin Friendly Characteristic and Low Substitute Availability of Glycol Monostearate to Boost its Demand
From a commercial standpoint, one of the essential characteristics of ethylene glycol monostearate is that it is human-friendly. Because of its low acute toxicity, even frequent usage does not induce irritation, inflammation, or hypersensitivity of the skin or eyes. Therefore, it is found in over 600 different items on the market.
Only persons with allergies or extremely sensitive skin should be concerned about ethylene glycol monostearate. The chemical may cause itching, redness, or minor swelling in certain patients. However, the number of persons who fall under this category is tiny.
Furthermore, there is virtually no replacement for the substance on the market. Glycol Distearate, another derivative of stearic acid, is a chemical that bears some resemblance to it. Certain features of the 2 substances overlap, and glycol distearate is sometimes used in cosmetics and hair care products as an opacifying ingredient.
Due to a lack of replacements and human-friendliness, ethylene glycol monostearate has traditionally been a prominent component in cosmeceuticals, makeup, and toiletries. The expansion of these sectors is directly related to the growth of the worldwide glycol monostearate market.
Principal Consultant
Rising Consumer Spending on Cosmetics and Personal Care Products Driving Market in the United States
The United States is likely to continue to remain the most dominant market for glycol monostearate across North America during the forecast period, owing to the rapid expansion of cosmetics and personal care products, increasing consumer spending, and widening applications of glycol monostearate across a variety of industries.
Similarly, glycol monostearate goods are in great demand due to brand marketing and increased disposable income in the country. In developed nations such as the USA, where individuals have more discretionary cash to spend on beauty and cosmetic products, ethylene glycol monostearate is in great demand.
Over the years, the United States has become one of the most lucrative glycol monostearate markets. It is expected to grow at a stupendous CAGR of around 11% during the forecast period.
The enhancement would be achievable thanks to marketing research tools and current companies that have firmly established themselves in the industry since its inception. Regardless, business associations, outcast leaders, and others are focusing on creating customer-driven items that will likely contribute to the area's expansion.
Besides this, increasing usage of glycol monostearate as an emulsifying agent across the food industry is likely to further accelerate market growth in the country over the next ten years.
Booming Cosmetic and Personal Care Industry Generating Growth Opportunities in China
As per FMI, demand for glycol monostearate in China is expected to grow at a steady pace during the forecast period, owing to the rapidly growing population, improved standard of living, and rapid growth of the personal care and cosmetics industry.
With changing lifestyles and growing awareness, there has been a sharp hike in the consumption of cosmetics and personal care products across China during the last few years. The trend is likely to continue during the forecast period.
For instance, As per the International Trade Administration (ITA), the total retail sales value of cosmetics in China rose to USD 52.3 billion in 2020.
Consumers spend large amounts on products like makeup, hand cleaners, shampoos, lotions, and other skincare and hair care products. As butyl stearate forms an integral part of these products, a rise in their sales will eventually spur the growth of the butyl stearate market in the country during the assessment period.
Demand for Glycol Monostearate to Remain High in Personal Care Sector
As per FMI, the personal care segment currently dominates the glycol monostearate market. It is likely to retain its dominance during the forecast period. This can be attributed to the rising production and consumption of personal care products across the globe.
Glycol monostearate is mostly used to give items a pearlized appearance. This can also turn a clear solution into a white-colored solution, based on the quantity used and other additives. Overall, its qualities aid in the stabilization of surfactant systems even while giving the product structure and density.
As a result, as a pearl ingredient, it is commonly used for personal care products, including bath and shower gels, shampoos, and liquid soaps.
The cosmetics segment, on the other hand, will grow at the highest CAGR of 11% during the forecast period (2023 to 2033), owing to the rising usage of glycol monostearate in cosmetics like creams, lotions, and makeups and increasing consumer spending on these items.
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Key players operating in the glycol monostearate market are constantly focusing on increasing their production capacities to meet growing demand from end-use industries. Besides this, they are adopting growth strategies such as partnerships, mergers, acquisitions, and collaborations to gain a competitive edge in the market.
For Instance:
Solvay and Spectrum Chemical: Top Manufacturers Allowing Industries to Give a Pearlized Touch to Their Products!
Solvay and Spectrum Chemical are among the top manufacturers and providers of glycol monostearate that allow industries to improve the quality of their products.
Solvay is a Belgian multinational chemical business founded in 1863, with headquarters in Neder-Over-Heembeek, Brussels. It has become a global leader in materials, chemicals, and solutions, constantly striving to meet end users’ demands. The company expanded across 63 countries and recorded a total net sale of 10.1 billion euros in 2021.
Solvay recently (May 2022) launched a new growth platform dedicated to developing innovative and sustainable solutions for various markets. The new platform will open up new business opportunities for multiple markets.
Another key manufacturer and supplier of glycol monostearate is Spectrum Chemical Mfg. Corp., a Spectrum Laboratory Products, Inc. division, was established in 1971 as a fine chemical manufacturing company.
Since its establishment, the company has developed into the chemical industry's top customer-focused global supplier of high-quality chemicals, laboratory supplies, and equipment.
As required by all quality-driven enterprises, Spectrum has the documentation, validation, and qualification mechanisms in place to satisfy legal obligations.
With a 17-acre headquarters in New Brunswick, New Jersey, Spectrum also has production, quality control, storage, and distribution facilities there and in Gardena, California.
The company's primary focus is on USP, NF, FCC, BP, EP, JP, and ACS-grade goods, which comprise active pharmaceutical components, restricted substances, excipients, dietary supplements, and cosmetic and personal care ingredients.
Additionally, Spectrum offers US-based custom synthesis and contract manufacturing services. These services include the custom synthesis of new chemical entities (NCEs), commercial cGMP manufacturing of active pharmaceutical ingredients, DEA Controlled Substances (Schedules I-V), and generic synthetic chemical intermediates.
In September 2021, at the BioProcess International Conference in Boston, Spectrum Chemical Manufacturing Corp. unveiled its new bioCERTIFIEDTM Cleaning in Place (CIP) high-purity solutions.
Recent Developments:
The industry is valued at USD 2,299 million in 2023.
Solvay, VWR, and Thurs Organics are key industry players.
The cosmetics industry is the key consumer of the glycol monostearate market.
The industry is estimated to reach USD 3,572.2 million by 2033.
The glycol monostearate market CAGR for 2033 is 4.7%.
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Pearlizing Agent
5.2. Opacifier
5.3. Emulsifier
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use Industries
6.1. Personal Care
6.2. Cosmetics
6.3. Toiletries
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. North America
7.2. Latin America
7.3. Western Europe
7.4. Eastern Europe
7.5. South Asia and Pacific
7.6. East Asia
7.7. Middle East and Africa
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15. Key Countries Market Analysis
16. Market Structure Analysis
17. Competition Analysis
17.1. Zeal Chemicals
17.2. Alpha Chemicals
17.3. Unichem LLC
17.4. Thurs Organics
17.5. Spectrum Chemical Manufacturing Corp
17.6. Mohini Organics
17.7. Solvay
17.8. Wellgo Chemical Technology
17.9. Sigma-Aldrich
17.10. Greenwell Olechemicals Sdn Bhd
17.11. VWR
17.12. Shijiazhuang City Horizon Chemicals
17.13. Oceanic Pharmachem
17.14. Jeevika Yugchem
18. Assumptions & Acronyms Used
19. Research Methodology
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Glycol Monostearate Market
