Stearate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029
Glycol Stearate Market: Introduction
Glycol stearate, is also known as glycol monostearate or ethylene glycol monostearate, it is an organic compound. There are various properties of glycol stearate are low acid and iodine values its insolubility in water, and relatively high melting point. These factors are responsible for the stability of the compound under normal conditions. These properties makes it a perfect ingredient for personal care products, cosmetics, and toiletries. It is obtained by a reaction of stearic acid with glycerin, which is a fatty acid that is found in from animal and vegetable fats and oils. Glycol stearate has its end use in products such as moisturizer, it forms a barrier on the skin and prevents products from feeling greasy. As an emulsifier, it allows products to stay blended. Use of this in moisturizers reduces the symptoms and signs of lichenification, atopic dermatitis, including pruritus, fissuring, and erythema. Glycol stearate is less toxic in nature, owing to its acute toxicity, even repeated use does not cause problems such as skin and eye irritation, sensitization, or hyper-sensitivity.
Glycol Stearate Market: Dynamics
Glycol stearate imparts a pearlized look to the products. It also helps to turn a transparent product into a white-colored product, and provides 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 gel. As a pearlizing agent has various functions, apart from giving lustrous appearance to cosmetic products, it also hide opaque appearance, which is caused by the poor incorporation of soluble additives, along with this it also improves the foam quality. These functions of glycol stearate helps the manufacturer to cut down total production cost while offering the quality product which is anticipated to increase the traction of the glycol stearate in the market. It is preferred as an opacifier and emulsifier, which is used in different cosmetic products such as creams, lotions, and conditioners. It also has application in toiletries, which includes hand-cleaners and toothpastes. It is used for people with skin allergies and sensitive skin. Owing to all these application and end uses, the global market of glycol stearate is anticipated to boost over the forecast period.
COVID-19 Impact on Glycol Stearate Market
Covid-19 is expected to cause slowdown in cosmetics and beauty product industry, which will directly hamper the glycol stearate market. Disruption due to coronavirus is evident in many areas, causing ripples from production to distribution to sales. Several trade and fashion shows has been cancelled in Paris, London, Las Vegas, Tokyo and New York, which is directly impacting on brand name and also affects the customer’s proximity. Market of hand sanitizer, masks, soaps-detergent and toilet paper have their growth prospective in this period, owing to their application as preventive measure in COVID-19 condition. With Italy and France in total lockdown and Germany and the U.K. hit with restrictions, fragrance and cosmetics sales is expected to grow very slowly in this region. Moreover, supply challenges owing to ongoing trade wars and border closures is projected to negatively impact the glycol stearate market. Covid-19 has affected the global economy adversely and would take long time for recovery.
Glycol Stearate Market: Segmentation
The global market of glycol stearate can be segmented on the basis of application, source, product type and end use:
On the basis of application the global market of glycol stearate can be segmented as:
On the basis of source the global market of glycol stearate can be segmented as:
On the basis of product type the global market of glycol stearate can be segmented as:
On the basis on end use the global market of glycol stearate can be segmented as:
Glycol Stearate Market: Regional Outlook
Glycol stearate has its high demand from North America region owing to its use in detergents and cosmetic products. North America, is witnessed to have prominent share of detergent market, and increasing application of glycol stearate as a surfactant in detergent it is anticipated to drive the market in this region. Rising disposable income, allows people to invest their money on cosmetics, owing to this region the demand for glycol stearate is rising over the forecast period. Germany is witnessed to have the largest cosmetic market within Europe followed by France and UK. Increasing application of glycol stearate as an emulsifier, emollient, opacifier and surfactant in cosmetic product, the market of glycol stearate is anticipated to boost in European countries.
Glycol Stearate Market: Market Participants
Example of some major key participants in the value chain of global glycol stearate market include are:
The Glycol Stearate market research report presents a comprehensive assessment of the Glycol Stearate market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Glycol Stearate market research report provides analysis and information according to Glycol Stearate market segments such as geographies, application and industry.
The report covers exhaustive analysis on,
The Glycol Stearate Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Glycol Stearate market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Glycol Stearate market segments and geographies.
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