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The cetanol market share is expected to increase by USD 651.55 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.69%.
This cetanol market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cetanol market segmentation by type (waxy and liquid) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The cetanol market report also offers information on several market vendors, including Bo International, BRENNTAG SE, Central Drug House Pvt. Ltd., Emery Oleochemicals LLC, Godrej Industries Ltd., Kao Corp., KLK Oleo, Kokyu Alcohol Kogyo Co. Ltd., Musim Mas Group, Naturallythinking, Niram Chemicals, Pandian Surfactants Pvt. Ltd., Surfachem Group Ltd, Suriachem Sdn. Bhd., The Herbarie at Stoney Hill Farm Inc., The Procter and Gamble Co., Timur Network Malaysia Sdn. Bhd., VVF Ltd., and BASF SE among others.
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The growing use of cetanol in personal care and cosmetic products is notably driving the cetanol market growth, although factors such as consumer demand for chemical-free personal care and cosmetic products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cetanol industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cetanol Market Driver
The growing use of cetanol in personal care and cosmetic products is one of the key drivers supporting the cetanol market growth. Cetanol can be used in skincare products such as face washes, facial masks/peels, body washes/gels. It acts as an opacifier, thickener, co-emulsifier emollient, softener, and moisturizer. It helps to co-emulsify in order to thicken formulations, which contributes to a creamier texture of the formulation. Furthermore, it enhances the foaming capacity of non-aqueous liquids, such as lotions. It helps to soothe the skin and creates an oily layer on the skin's surface, which helps it retain water. It can hydrate and soften the skin to reduce irritation, cracking, and peeling. Thus, the multifunctional properties of cetyl alcohol can lead to its increased use in personal care and cosmetic products. Thus, the increasing demand for these products will contribute to the growth of the global cetanol market during the forecast period.
Key Cetanol Market Trend
Growth in e-commerce sales of personal care and cosmetic products is one of the key trends contributing to the cetanol market growth. The increase in e-commerce sales can be attributed to the growing presence of prominent business-to-consumer (B2C) e-commerce platforms, such as Amazon, Walmart, eBay, JD.com, and Alibaba. These platforms offer personal care products and cosmetic products. In 2020, the revenue of the health and personal care e-retail market in the US alone was $35 billion. The segment accounted for nearly 7.5% of the total e-retail market in the US. Thus, the online sales of personal care products and cosmetic products are likely to increase during the forecast period. This will, in turn, lead to increased demand for personal care and cosmetic product ingredients such as cetanol. Such trends will drive the growth of the global cetanol market during the forecast period.
Key Cetanol Market Challenge
Consumer demand for chemical-free personal care and cosmetic products is one of the factors hindering the cetanol market growth. Cetanol is considered toxic to people in the case of oral ingestion at doses of 5 g/kg and higher. Various studies have been conducted regarding the toxicity and side effects of topical drugs that contain cetanol. These studies have reported that it can lead to urticaria-like dermatitis and eczematous reactions. Consumers who have sensitive skin may experience contact dermatitis due to the cetanol in cosmetic or personal care products. It can lead to other side effects, such as burning, stinging, redness, and inflammation of the skin. Thus, the potential toxicity of cetanol and increased consumer demand for chemical-free personal care products can pose a challenge to vendors in the global cetanol market during the forecast period.
This cetanol market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global cetanol market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cetanol market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the cetanol market encompasses successful business strategies deployed by the key vendors. The cetanol market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cetanol market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cetanol market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for the cetanol market in Europe. Market growth in this region will be slower than the growth of the market in North America and APAC.
Consumers opting for skincare and body care cosmetics such as sunscreens and body lotions that are designed for specific parts of the body will facilitate the cetanol market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional cetanol market. However, with the reopening of supermarkets, hypermarkets, and convenience stores, consumer demand for personal care products, cosmetic products, and pharmaceutical products rebounded. Thus, the rising consumption of products that contain cetanol will contribute to the growth of the regional cetanol market during the forecast period.
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The cetanol market share growth by the waxy segment will be significant during the forecast period. Cetyl alcohol is available in a flaky, waxy form, which is primarily obtained from coconut, palm, or vegetable oils. It is produced by reducing ethyl palmitate with metallic sodium and alcohol. The final product has a temperature that is higher than that of the human body. Thus, it is a suitable ingredient for cosmetic products that are applied to the skin and easily absorbed due to the warmth of the skin. Such wide applications of the segment will drive the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cetanol market size and actionable market insights on post COVID-19 impact on each segment.
Cetanol Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.69% |
Market growth 2022-2026 |
$ 651.55 million |
Market structure |
Fragmented |
YoY growth (%) |
3.49 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key consumer countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Bo International, BRENNTAG SE, Central Drug House Pvt. Ltd., Emery Oleochemicals LLC, Godrej Industries Ltd., Kao Corp., KLK Oleo, Kokyu Alcohol Kogyo Co. Ltd., Musim Mas Group, Naturallythinking, Niram Chemicals, Pandian Surfactants Pvt. Ltd., Surfachem Group Ltd, Suriachem Sdn. Bhd., The Herbarie at Stoney Hill Farm Inc., The Procter and Gamble Co., Timur Network Malaysia Sdn. Bhd., VVF Ltd., and BASF SE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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