Middle East and Africa cetyl stearyl alcohol market is estimated to reach over USD XX million by the end of the assessment period. The market is expected to experience moderate growth to record a considerable CAGR throughout the prediction period (2022 - 2027).
Cetyl stearyl alcohol is a collection of fatty alcohol with two major elements like cetyl alcohol and stearyl alcohol. It is used in various applications, such as the food, cosmetic, pharmaceutical, chemical and material industries, etc. This alcohol has been crucial in the sectors like cosmetic and personal care, pharmaceutical, and chemicals. The growth of the personal care industry is deemed to improve the market for cetyl stearyl alcohol in the future.
The MEA Cetyl Stearyl alcohol market is expected to experience substantial growth in the next seven years due to increased applications in end-use industries like automotive, cosmetics, etc. Rapid industrialization associated with a growing number of vehicle owners is expected to increase demand in the automotive industry and spur growth in the fuel market. It records a surge in demand as industrial grade oil in the automotive sector. The growing demand for organic and organic products should positively influence market growth during the outlook period. It has been accepted and authorized by the Food and Drug Administration (FDA) and the group of experts in the Review of Cosmetic Ingredients (CIR) as a direct ingredient in a food additive, to be used similarly as naturally obtained alcohols. It is nowadays is being considered as an indirect food additive for packaging and coatings in food. They find huge demand in products like eye makeup, skin cleansers, resins, perfumes and lubricants.
Increased demand for beauty and personal care products due to increased disposable income per capita in emerging economies such as China and India is expected to be a major factor in market growth during the projection period. It is used as an emulsifier in various cosmetic products to improve the texture of the product. It also finds usage as a thickener in ointments and as a coating in shampoos. It is used in swimming pools as a liquid solar cover to reduce the rate of evaporation of water. A high dose creates irritation to human skin and health risks. Technology upgrade and R&D to reduce irritation and mitigate the health risks associated with a high dose are supposed to create lucrative opportunities for industry participants during the prediction period.
The Middle East and Africa market for cetyl stearyl alcohol is segmented on the basis of
grade type
end-user industries
In the manufacture of cetyl stearyl alcohol, various qualities such as industrial grade and pharmaceutical grade can be used. Industrial grade is a type of grade commonly used as an ingredient in the production of finishing products. The beauty and personal care products industry among end-use industries is the largest on the market for cetyl stearyl alcohol.
UAE
Israel
KSA
South Africa
Egypt
The market for Middle East and Africa cetyl stearyl alcohol has been classified on the basis of geography to provide an in-depth understanding of the business. The Middle East and Africa cetyl stearyl alcohol Market has been divided into South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and Rest of the Middle East and Africa. The Middle East and Africa is one of the key emerging regions, which will generate significant opportunities in the cetyl stearyl alcohol market during the anticipated period due to the rise in per capita spending on products cosmetics and personal care. Africa in the Middle East is still in its infancy stage for this alcohol. The growing automotive and personal care industries around the world are attracting the attention of consumers in these areas. The region is touted to experience moderate growth over the forecast period due to the above factors. Turkey is deemed to be a crucial market in the Middle East and Africa area.
BASF SE
The Prakash Chemicals Pvt Ltd
Acme-Hardesty Company
Texas Natural Supply
P&G Chemicals
Kao Chemicals, S.L.
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