Ethylene glycol monostearate, more commonly known as glycol monostearate or glycol stearate, is an organic compound. It is the ester of ethylene glycol and stearic acid. It is often derived from vegetables. At times, the compound can also be of animal origin. The important properties of ethylene glycol monostearate are its insolubility in water, low acid and iodine values, and relatively high melting point. All of these essentially help the compound remain stable under normal conditions. They make it a perfect ingredient for personal care products, cosmetics, and toiletries.
The primary purpose of using ethylene glycol monostearate is to impart a pearlized look to products. Depending on the amount used and other ingredients, it can also help turn a transparent product into a white-colored product. Overall, its properties help stabilize the surfactant systems, while also providing shape and thickness to the product. It is widely used as a pearlizing agent in various personal care products such as shampoos, liquid soaps, and bath and shower gels. It is also a preferred opacifier and secondary emulsifier used in different cosmetic products such as creams, lotions, and conditioners. Toiletries (including hand-cleaners and toothpaste) is another industry wherein ethylene glycol monostearate is used. The compound also acts as a viscosity-enhancing agent in these products. As such, the global ethylene glycol monostearate market can be segmented according to the type of its use into pearlizing agent, opacifier and as an emulsifier. It can also be segmented by its end-user industries, namely personal care, cosmetics and toiletries products.
A highly important characteristic of ethylene glycol monostearate from commercial point of view is that it is human-friendly. Given its low, acute toxicity, even repeated use does not cause problems such as skin and eye irritation, sensitization, or hyper-sensitivity. This is the reason why it is used in more than 600 products available in the market.
Ethylene glycol monostearate is a concern only for people with skin allergies and those who have extremely sensitive skin. In these people, the compound may develop itching, redness, or mild swelling. However, the percentage of such people is negligible.
Also, the compound has almost no substitute available in the market. The compound that ranks closest to it is glycol distearate, which is another ester of stearic acid. Certain properties of the two compounds overlap and at times, glycol distearate is used as an opacifying agent in skin and hair care products.
Due to lack of substitutes and its human-friendliness, ethylene glycol monostearate has always been a popular ingredient of personal care products, cosmetics, and toiletries. The growth of the global ethylene glycol monostearate market relates directly with the growth of these industries. With these industries expected to expand at around 5% rate in the next few years, the ethylene glycol monostearate market is also likely to expand at a significant rate.
Ethylene glycol monostearate witnesses high demand in developed regions such as North America and Europe, wherein the people have higher disposable income to spend on cosmetics. The compound is also witnessing high demand in other regions, especially Asia Pacific and Latin America. Accordingly, the global ethylene glycol monostearate market can be segmented by the regions North America, Europe, Latin America, Asia Pacific and Middle East and Africa.
Asia Pacific accounts for a majority of suppliers of ethylene glycol monostearate. Some of the suppliers of ethylene glycol monostearate are Guangzhou Chuangyue Chemical Co., Ltd. (China), Huzhou Sifeng Biochem Co., Ltd. (China), Shijiazhuang City Horizon Chemical Industry Co. Ltd. (China), Greenwell Olechemicals Sdn Bhd (Malaysia), Alpha Chemicals Pvt. Ltd. (India), and Parchem (the U.S.).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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