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Research Nester published a report titled “*Cetyl Esters Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global cetyl esters market in terms of market segmentation by product, source, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global cetyl esters market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into cosmetics, cleaning products, pharmaceuticals, and others, out of which, the cosmetics segment is estimated to garner a notable revenue share in the market over the forecast period. This can be attributed to the growing use of cetyl esters in personal care and cosmetic products, to add aroma and emulsifying properties.
The global cetyl esters market is estimated to grow on the back of growing demand for personal care products, accompanied with the increasing use of cetyl esters in production of cosmetics. Moreover, the growing cosmetic industry is estimated to promote the cetyl esters market growth. For instance, cosmetics industry generated a revenue of almost USD 90 billion, as of 2020. Further, the increasing adoption of organic chemical substances is also estimated to boost the market growth.
On the basis of geographical analysis, the global cetyl esters market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness a noteworthy growth over the forecast period owing to the increasing demand for cosmetic and personal care products in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Application in the Cosmetic Industry to Boost the Market Growth
Cetyl ester acts as an emulsifying agent in the cosmetic products, such as, shampoo, cream, lotion, and others. Emulsifiers are used to bind the water and fat molecules in any solution, which are present in any cosmetic product. As a result, the growing use of cetyl ester in the cosmetics industry is estimated to boost the market growth.
However, high production cost of cetyl esters is expected to operate as key restraint to the growth of global cetyl esters market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global cetyl esters market which includes company profiling of Agarwal Industries Private Limited, Croda International plc, ExcelVite Sdn. Bhd., KLK OLEO, Wilmar International Limited, Oleon NV, Timur Oleochemical, Lascaray S.A., Kraton Performance Polymers Inc, and Chemol Company Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cetyl esters market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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