Cetyl Esters Market Size & Share, Product (Wax, Granule, Flake); Source (Natural, Synthetic); Application (Cosmetics, Cleaning Products, Pharmaceuticals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3976
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Cetyl Esters Market size is expected to reach USD 500 million by the end of 2035, growing at a CAGR of 4% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of cetyl esters was over USD 350 Million. The rising application of cetyl esters in color cosmetics and beauty products is anticipated to bring lucrative growth opportunities for an increment in revenue share in the upcoming years. The beauty industry was worth USD 510 Billion in 2021 and is projected to reach almost USD 715 Billion by 2025.

The growth in the global cetyl esters market revenue is owing to its application in personal care products. Cetyl esters have aromatic properties and can work as an emulsifier which makes it an ideal product for such products.


Cetyl Esters Market
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Cetyl Ester Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Pharmaceutical Industry – Cetyl ester is in high demand in the pharmaceutical industry owing to its increasing application in various medical products such as ointment and lotions. In 2021, as per reports, North America contributed 52% of world pharmaceutical sales.
  • Increasing Expenditure on Research and Development Activities – Government and key players have been putting hefty investments in research and development activities which are anticipated to aid the production rate of cetyl ester.
  • Growth in the Chemical Sector – Recent focus on developing the chemical sector is poised to bring opportunities for the development of production facilities which will aid in increasing the production of cetyl ester and aid in market expansion.

Challenges

  • Rising Concern about Side-Effects of Excessive Use – High-usage products made with a mixture of cetyl ester on an everyday basis can cause skin irritation and allergies. This could hamper market expansion in the next few years.

  • Long Production Cycles
  • Stringent Government Rules

Cetyl Esters Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~4%

Base Year Market Size (2022)

~ USD 350 Million

Forecast Year Market Size (2035)

~ USD 500 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Cetyl Ester Segmentation

Application (Cosmetics, Cleaning Products, Pharmaceuticals)

The cosmetic segment in the cetyl esters market is attributed to holding the largest revenue during the projected timeline and gaining 36% of the market share, owing to the rising beauty standards across the world and most of the global people being shifted towards beauty products and cosmetics products. Also, growing stress levels about looks and appearances among teenagers are anticipated to rise the demand for cosmetic commodities and cetyl ester for its production.

Source (Natural, Synthetic)

The natural source segment is poised to generate more revenue than synthetic sources in the forecasted timeline and holds a 58% market share due to the rising demand for natural products that are not harsh on the skin. Also, the production of natural cetyl ester is cost-effective and requires short production cycles which propels the manufacturers to shift towards producing cetyl ester from natural sources.

Our in-depth analysis of the global market includes the following segments:

         Product

  • Wax
  • Granule
  • Flake

         Source

  • Natural
  • Synthetic

         Application

  • Cosmetics
  • Cleaning Products
  • Pharmaceuticals

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Cetyl Ester Industry - Regional Synopsis

North American Market Forecast

The cetyl ester market in North America is estimated to be highest by 2035 with a market share of 35%. The rising investments in research and development activities for introducing high-quality cetyl ester by the United States government and key players are considered to be the primary factor for the expansion of market value in the region.

Furthermore, the presence of production facilities for manufacturing cetyl ester along with the availability of sufficient funds with manufacturers is also anticipated to create a positive outlook for aiding a robust market revenue generation shortly.

APAC Market Statistics

The Asia Pacific cetyl ester market size is estimated to garner the largest share of 24% by the end of 2035. The burgeoning population demanding cosmetic and personal care products in developing countries, especially, Japan, India, and South Korea is propelling the production rate of cetyl ester in the next few years. The growth in the end-use industries of the region owing to rapid industrialization is poised to bring growth opportunities for market expansion.

Research Nester
Cetyl Esters Market Size
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Companies Dominating the Global Cetyl Ester Landscape

top-features-companies
    • Croda International plc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Agarwal Industries Private Limited
    • ExcelVite Sdn. Bhd.
    • KLK OLEO
    • Wilmar International Limited
    • Oleon NV
    • Timur Oleochemicals
    • Lascaray S.A.
    • Kraton Performance Polymers, Inc
    • Chemol Company Inc.
    • Huntsman Corporation

In-the-news

In The News

  • Kraton Performance Polymers, Inc., a global producer of bio-based specialty polymers, announced its merger with DL Holdings Co., Ltd.
  • Huntsman Corporation to acquire Gabriel Performance Products to expand its portfolio as a specialty chemical manufacturer.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3976
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing use of cetyl ester for making cosmetics and pharmaceutical items is estimated to boost the market growth.

The market size of cetyl ester is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Agarwal Industries Private Limited, ExcelVite Sdn. Bhd., KLK OLEO, Wilmar International Limited, Oleon NV, Timur Oleochemical, Lascaray S.A., Kraton Performance Polymers, Inc, and Chemol Company Inc.

The cosmetics segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Cetyl Esters Market Report Scope
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