New York, Sept. 13, 2022 (GLOBE NEWSWIRE) — Research Nester has published an in-depth market report on “Global market for cetyl esters‘ for the forecast period, i.e. 2022 – 2031, which includes the following factors:
- Market growth over the forecast period
- Detailed regional summary
- market segmentation
- growth accelerator
- challenges
- Key market players and their detailed profiling
Global cetyl esters Market size:
The global cetyl ester market is expected to grow at a CAGR of approximately 5% during the forecast period. Saturated fatty alcohols and saturated fatty acids are found in cetyl esters, which are useful as emulsifiers and flavoring agents. Esters are typically used in cosmetic and personal care products to create perfume or fragrance. The global increase in demand for personal care products including creams, lotions and ointments is expected to drive the expansion of the market. According to one of the cosmetics surveys, around 80% of American women use cosmetics on a daily basis, which means that more than 160 million people spend $15,000 or more on cosmetics over the course of their lifetime.
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In addition, the cetyl esters serve as plasticizer esters, stabilize cosmetic formulations and give them a shiny, viscous appearance. The market is expected to grow owing to the burgeoning cosmetics industry across the world. For example, the skin care market in the United States was expected to bring in over $17 billion in 2020, and by 2025, the revenue of this market is projected to reach approximately $23 billion. Furthermore, it is estimated that the increasing use of fatty acids in the manufacture of personal care products will accelerate the market expansion over the forecast period.
Global Cetyl Esters Market: The central theses
- The North America region generates the majority of sales
- Wax products segment to hold a significant share of sales chart
- Natural source segment remains prominent in source segment
Growing usage…
