New York, NY -- (SBWire) -- 06/08/2016 --According to the latest market report published by Persistence Market Research titled ' Global Market Study on Behenyl Alcohol: Asia Pacific to Witness Highest Growth by 2021', the global behenyl alcohol market to expand at a CAGR of 4.5% during the forecast period, 2015 - 2021.
Behenyl alcohol is a natural fatty alcohol that is found in a white and waxy form. This solid substance is also popularly known as dacosanol. This saturated fatty alcohol is usually used for thickening and stabilizing several formulations. Behenyl alcohol also serves the role of co-emulsifier in many formulations to produce the perfect emulsions for cosmetics. The most commonly used formulation behenyl alcohol has a purity level of 70%. Formulations above the purity level of 80% are rarely seen in mainstream applications. Behenyl alcohol held a meagre market share of 1.4% in the total fatty alcohols market, but had a larger 14% share in the C16+ fatty alcohols market in 2014.
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Behenyl alcohol is majorly used in the pharmaceutical and organic cosmetics industries. Besides being an integral part of the cosmetics industry, behenyl alcohol is also used in the medical field. Recently, the U.S. FDA approved the usage of behenyl alcohol as a topical antiviral agent. This approval has given the global behenyl alcohol market a fresh impetus, as the fatty alcohol is being used for designing treatments for genital herpes and herpes simplex.
Organic Cosmetics Industry to Drive Global Behenyl Alcohol Market:
Behenyl alcohol is used in several cosmetics as an emulsifier and thickener. Addition of this ingredient allows the oil-based ingredients and water-based ingredients to blend well, bringing about a smooth texture. Behenyl alcohol works towards making the skin smoother and softer, as opposed to the irritation caused by other types of alcohols. This property is essentially the reason why behenyl alcohol is used in anti-aging products, moisturizers, lipsticks, hair conditioners, and sunscreens. The other important aspect of behenyl alcohol is that it thickens cosmetic products, thereby improving its texture and enhancing its performance. Behenyl alcohol is a safer option than any other kind of fatty alcohol used for making cosmetics.
The global behenyl alcohol market is segmented on the basis of application, end user, and region. The application segments of the market include the use of behenyl alcohol as an emollient, thickener, emulsifier, and others. The end users of behenyl alcohol are industries making cosmetics, pharmaceuticals, and nutritional supplements. Geographically, this market is divided into Latin America, North America, Europe, and Asia Pacific.
Asia Pacific to Emerge as a Leader in Global Behenyl Alcohol Market:
According to a research report published by Persistence Market Research, the presence of low cost of labor, growing consumer preference for organic cosmetics, and cheaper raw materials is expected to boost the behenyl alcohol market in the Asia Pacific region. Similarly, the sudden surge in demand for organic cosmetics in Brazil is expected to contribute impressively to the growth of the behenyl alcohol market in Latin America. To cater to the ever-increasing demand for these cosmetics in Brazil, the country has been importing huge amounts of behenyl alcohol from Asia Pacific and Europe.
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In the coming five to six years, Asia Pacific will emerge as a leading contender in the global behenyl alcohol market. South Korea will become the top importer of behenyl alcohol in Asia Pacific, while India and Japan will become the two biggest exporters of the same. Manufacturers in India will be the largest exporters of rapeseed oil and behenyl alcohol to regions such as Europe, North America, and several parts of Asia, putting the Asia Pacific region at the top of the global behenyl alcohol market.
The important players in the global behenyl alcohol market are BASF SE, Kao Corporation, Godrej Industries Ltd., VVF Chemicals Limited, Nikko Chemicals Co Ltd, and Sasol Ltd.
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Behenyl Alcohol Market Will Reach at a CAGR of 4.5% During the Forecast Period, 2015 - 2021, Globally
The global behenyl alcohol market is estimated to account for 54,200.9 metric tons by the end of 2015 and is projected to witness an increase in its volume share due to rising demand from end-use segments.