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Increasing Demand for Cetearyl Alcohol in the Personal Care Industry is Boosting Market Growth at a CAGR of 5.16% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Global Natural Fatty Alcohol Based Emulsifying Wax Market”.


The natural fatty alcohol based emulsifying wax market is estimated to register a CAGR of 5.16% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global aluminum market—BASF SE (Germany), Inolex Incorporated (US), Henan Fumei Biotechnology Co., Ltd. (China), Colonial Chemical (US) (China), Croda International Plc (UK), CORUM Inc. (Taiwan), Sasol (South Africa), Lubrizol Corporation (US), Sabo S.p.A. (US) and Chemyunion (Brazil)


Natural Fatty Alcohol Based Emulsifying Wax Market Highlights


The global natural fatty alcohol based emulsifying wax market is accounted for to register a CAGR of 5.16% during the forecast period and is estimated to reach USD 14,507.84 million by 2030.


Natural fatty alcohol based emulsifying wax is a type of emulsifier that is made from plant-based fatty alcohols. These fatty alcohols are typically derived from coconut oil, and palm oil. Emulsifiers are substances that help to combine two immiscible liquids, such as oil and water. Natural fatty alcohol based emulsifying waxes are often used in cosmetics and personal care products because they are non-irritating and gentle on the skin.


There are two main types of natural fatty alcohol based emulsifying waxes nonionic and cationic. Nonionic emulsifying waxes are the most common type, and they are not electrically charged. Cationic emulsifying waxes are electrically charged, and they are often used in products that are designed to protect the skin from the sun or other environmental factors. Natural fatty alcohol based emulsifying waxes have several advantages over other types of emulsifiers. They are non-irritating, gentle on the skin, and biodegradable. They are also relatively inexpensive and easy to find.


Furthermore, the personal care industry is growing due to a healthier lifestyle, a higher emphasis on self-care and beauty, and increased disposable income levels. Thus, the expansion of the pharmaceutical and personal care industries, as well as the increasing use of Natural Fatty Alcohol Based Emulsifying Wax in pharmaceutical and personal care products, are expected to create opportunities for the fatty alcohol-based emulsifying wax market during the forecast period.


Additionally, Palm oil, palm kernel oil, and coconut oil are a few of the main raw materials utilized to make natural fatty alcohol-based emulsifying wax. Fluctuating raw material costs have a direct impact on the final cost of natural fatty alcohol-based emulsifying wax, severely limiting market expansion. The cheap accessibility of raw resources and overstocking of the same by nations with bigger raw material producers, which results in a supply and demand disparity, can be blamed for the price volatility. Thus, the fluctuations in the raw material prices might hinder the market growth in the forecast period. Also, availability of alternatives such as Synthetic Emulsifiers, Sodium lauryl sulfate (SLS) might hamper the growth in the market.


Segment Analysis


The global Natural Fatty Alcohol Based Emulsifying Wax market has been segmented based on source, application, and region.


Based on source, the Natural Fatty Alcohol Based Emulsifying Wax market has been divided into palm oil, and coconut oil. Palm oil is dominating the market as it is an edible vegetable oil obtained from the mesocarp (reddish pulp) of oil palm fruit. The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oils are simpler to stabilize and retain flavor and consistency in processed goods, making them popular among food, personal care, and pharmaceutical industries. In the case of being applied as a paper treatment preparation, the multifunctional modified palm wax emulsion has both antibacterial and vapor barrier effects, and is capable of greatly reducing the vapor transmission rate of paper, achieving an antibacterial rate of not less than 99%, and remarkably increasing the wet-and-dry strength of the paper; meanwhile, the preparation process is simple and mature, low in production cost, easy to control, and high in application value. Because of its hypoallergenic characteristics, the wax is also commonly used in skin-care products such as lipstick and foundation.


Based on the application, the Natural Fatty Alcohol Based Emulsifying Wax market has been divided into Personal care & Cosmetics, pharmaceuticals, Paints & Coatings, Paper & Pulp, and others. Other application of Natural Fatty Alcohol Based Emulsifying Wax includes food, consumer goods, leather, textile, polymer, and others. The wax emulsion, as a leather finishing addictive, can be applied to slurry for decorating the bottom layer, intermediate layer, and top layer of leather, can greatly improve the hand feeling of the leather, has various functions of preventing sticking, smoothening, resisting water, softening, filling, glazing, and the like, and can also improve the leather's dry and wet wiping resistance. The wax emulsion is a high-quality leather finishing addictive used in the production of pig, cow, and sheet light-color leather or white leather. Moreover, several foods utilize cetyl alcohol as an addition. It aids in emulsion stability, enhancing the mouthfeel and texture of food. Moreover, it functions as an anti-foaming agent to stop bubbles from forming. In food, it also serves as a thickening and lubricant. The other segment accounted for the market share of 40.52% in 2021, with a market value of USD 3,521.21 million; it is expected to register a CAGR of 5.00% during the forecast period.


Regional Analysis


Region-wise Global Natural Fatty Alcohol Based Emulsifying Wax market has been divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region is witnessing significant growth in the Natural Fatty Alcohol Based Emulsifying Wax market due to the rise in personal care and cosmetics industry across the region, The industry's continued expansion demonstrates consumers' enduring interest in beauty and cosmetic regimens as well as in essential personal care and hygiene routines, which in turn will create opportunities for the natural fatty alcohol-based emulsifying wax market in the forecast period. The region accounted for the third largest market share and is estimated to grow at a CAGR of 5.10%.


The Asia-Pacific region is witnessing significant growth in the Natural Fatty Alcohol Based Emulsifying Wax market due to the rapid expansion of international trade and increasing consumer demand for perishable goods. Countries like China, India, and Japan are major contributors to the market, driven by their large populations and growing middle-class consumption. The region also experiences strong demand for pharmaceuticals and seafood. Factors such as infrastructure development, rising disposable incomes, and the need for reliable cold chain logistics contribute to the growth of the market in this region.


The European Market accounted for the second largest market share of 31.67%. Due to rising demand from end-use sectors including cosmetics, food, and pharmaceuticals, natural fatty alcohol based emulsifying wax market is predicted to expand significantly over the next several years. Growing consumer knowledge of the advantages of employing cetyl alcohol in a variety of applications is also anticipated to promote market expansion.


Key Findings of the Study



  • The global Natural Fatty Alcohol Based Emulsifying Wax market is expected to reach USD 14,507.84 million by 2030, at a CAGR of 5.16% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market.

  • Based on source, the palm oil segment was attributed to holding the largest market in 2022.

  • Based on application, the others segment was attributed to holding the largest market in 2022.

  • Based on application, the medicine segment was attributed to holding the largest market in 2022.

  • BASF SE (Germany), Inolex Incorporated (US), Henan Fumei Biotechnology Co., Ltd. (China), Colonial Chemical (US) (China), Croda International Plc (UK), CORUM Inc. (Taiwan), Sasol (South Africa), Lubrizol Corporation (US), Sabo S.p.A. (US) and Chemyunion (Brazil) are the key market players.


Read More about this Report: Natural Fatty Alcohol Based Emulsifying Was Market 

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