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The global behenyl alcohol market is expected to witness strong growth during the forecast period between 2021 and 2031.
Behenyl alcohol is a giant fatty straight chain alcohol. Behenyl alcohol has been used for different purposes as an emulsifier, thickener, and opacifying ingredient.
The product has also been used to decrease the transparent appearance of cosmetic products and to achieve desirable texture the product.
Also known as docasanol, behenyl alcohol has been approved by the Food and Drug Administration to be deployed as an antiviral agent, in a bid to decrease cold sores which can occur because of herpes simplex virus.
Behenyl alcohol with purity level of 70% is generally used for different purposes, while product with 80% purity is rarely used.
Some of the end-use industries that use behenyl alcohol include pharmaceutical, cosmetics, and nutritional supplements.
Rising product demand from pharmaceutical industry is the key growth driver of global behenyl alcohol market.
Also, rising consumer demand for anti-aging products is expected to help create revenue-generating opportunities for prominent players in global behenyl alcohol market, in the coming years.
In addition to this, increasing presence of leading manufacturers in under-developed economies is expected to trigger the growth in overall market, in years to come.
Furthermore, rising demand for natural products could boost the growth in overall behenyl alcohol market, in future.
Government initiatives and measures such as offering funding to leading players could help augment the growth in overall behenyl alcohol market, in the coming years.
Cosmetic end-use industry is expected to emerge as largest contributor, in terms of revenue, to overall market in future because of increasing product demand in production of cosmetic products in prominent countries worldwide.
Competition in global behenyl alcohol market is intense, with the presence of several leading players. Many of these players have become successful owing to years of delivering consistent results and these players are expected to account for a large share in global market, in future.
It is expected that entry of new players will intensify the competition in overall market, in the coming years.
New product launches could help leading behenyl alcohol market players in gaining an edge over other market players and in creating revenue-generating opportunities, in future.
Other strategies such as signing of collaborative agreements with smaller players could help prominent market players in expanding their market presence and increasing their revenue shares.
Few leading players in global market include BASF SE, Godrej Industries Ltd., Kao Corporation, VVF Chemicals Ltd., and Nikko Chemicals.
The global behenyl alcohol market is classified into five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Asia Pacific is expected to emerge as the dominant region in global behenyl alcohol market in future because of increased import and export activities witnessed in both developed and developing economies such as China and India.
Ease of availability of key resources such as land and labor could help well-established market players in establishing research and development centers in Asia Pacific countries, which could help market growth in the region.
Latin America is anticipated to offer revenue-generating opportunities for leading players in overall behenyl alcohol market owing to continuous growth witnessed in organic cosmetics industry in countries such as Brazil and Argentina.
Middle East and Africa is expected to witness moderate growth in global market in future because of reduced product demand in countries such as Bahrain and Saudi Arabia.
Other parts of the world such as North America and Europe are expected to witness sluggish growth in global behenyl alcohol market, in the coming years.
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Behenyl Alcohol Market
