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Stearyl alcohol finds utilization in mixture with acetyl alcohol for several applications, such as pacifying agents, surfactants, and detergents. It is also utilized as an agent for increasing viscosity. Blending with various other fatty alcohols are expected to open up plethora of avenues for the growth of the global stearyl alcohol market in the years to come.
End use, applications, and region are the three important parameters based on which the global stearyl alcohol market has been classified.
The global stearyl alcohol market is a fragmented market and is marked with the fierce rivalry amongst competitors. High competitiveness has led to introduction of new, innovative products in the product.
Some of the prominent organizations in the global stearyl alcohol market comprise the below-mentioned:
The global stearyl alcohol market is characterized by the presence of the following restraints, drivers, and opportunities.
Substantial rise in consumer spending and demand for various types of hair care products, such as hair creams, shampoos, and colors is likely to bolster growth of the global stearyl alcohol market in the forthcoming years. In addition, stearyl alcohol finds use in the making of personal care products, such as conditioning agents. Furthermore, there has been a rising demand of the product from the pharmaceutical industry as well, wherein it is utilized in the form of rheology modifier.
North America and Europe collectively account for almost half of the total market. The growth of both the regions is attributed to the rising demand for cosmetics and personal care products.
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Stearyl Alcohol Market
