Market Overview:
The global myristyl stearate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cosmetics and skin care products, especially in developed countries. In addition, the growing awareness about personal hygiene and rising income levels are also contributing to the growth of this market. The global myristyl stearate market is segmented on the basis of type, application, and region. On the basis of type, it is divided into 98% purity, 99% purity, and other types. The cosmetics segment accounted for a major share of this market in 2017 owing to its growing demand among consumers across regions. By application, it is further classified into skin care products, hair care products,, and others (including oral care products).
Product Definition:
Myristyl stearate is a type of fatty acid that is used as an emollient and thickener in cosmetics and personal care products. It helps to make products feel smooth and creamy, and it also helps to stabilize them so they don’t separate or spoil. Myristyl stearate can be derived from natural sources such as coconut oil or palm oil, or it can be synthesized in a lab.
98% Purity:
98% purity is a standard grade of myristyl stearate. It has been manufactured to have the same chemical properties as that of naturally occurring myristic acid. The product is used in numerous applications such as cosmetics, pharmaceuticals and food additives among others.
99% Purity:
99% purity myristic acid ester is a white waxy solid material, which is used as an emulsifier in various products such as cosmetics, lubricants and greases. 99% Purity means that the product contains only 0.1% impurities or other compounds. It has been approved by the Food and Drug Administration (FDA) for human consumption unlike most of its counterparts in the industry which have not been tested on animals either.
Application Insights:
The cosmetics segment led the global myristyl stearate market and accounted for more than 45.0% share of the total revenue in 2017. The increasing use of myristyl stearate in cosmetic products to provide moisture retention properties to skin is expected to be a major factor driving its demand over the forecast period. Moreover, growing awareness regarding personal grooming among consumers is likely to propel product demand in this application segment over the coming years.
Skin care products are anticipated to witness significant growth on account of rising consumer awareness regarding beauty and skin maintenance coupled with high product penetration across various end-use industries such as pharmaceuticals, personal care & cosmetics and food & beverages among others globally.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing consumer spending on personal care products in countries such as China, India, and Japan. Moreover, rising demand for cosmetics products due to growing population has also been fueling product demand in this region. Increasing myristyl stearate production capacity by various companies such as Nippon Paint Holdings Co., Ltd.; Lanxess AG; and Kao Corporation will further drive regional market growth over the forecast period.
The Asia Pacific was followed by Europe with a share of 25.0% in terms of volume consumed in 2017 owing to high demand from several major end-use industries including cosmetics and skin care products along with hair care products across Germany, France, Italy, U.K., Spain among other European countries are anticipated to propel industry expansion over next eight years (2018 - 2030).
Growth Factors:
- Increasing demand from personal care and cosmetics industry
- Rising awareness about the benefits of using Myristyl Stearate in various applications
- Growing inclination of consumers towards natural and organic products
- Technological advancements in production process that results in cost-effective and high quality products
- Rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Myristyl Stearate Market Research Report
By Type
98% Purity, 99% Purity, Other
By Application
Cosmetics, Skin Care Products, Hair Care Products, Others
By Companies
KLK OLEO, Jeen International, Global Seven (Ethox Chemicals), Croda, KLK OLEO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Myristyl Stearate Market Report Segments:
The global Myristyl Stearate market is segmented on the basis of:
Types
98% Purity, 99% Purity, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetics, Skin Care Products, Hair Care Products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KLK OLEO
- Jeen International
- Global Seven (Ethox Chemicals)
- Croda
- KLK OLEO
Highlights of The Myristyl Stearate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 98% Purity
- 99% Purity
- Other
- By Application:
- Cosmetics
- Skin Care Products
- Hair Care Products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Myristyl Stearate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Myristyl Stearate is a fatty acid ester derived from myristic acid. It is a white to off-white solid that has a slightly sweet odor. Myristyl Stearate is used in cosmetics and personal care products to provide texture, moisturization, and oil control.
Some of the key players operating in the myristyl stearate market are KLK OLEO, Jeen International, Global Seven (Ethox Chemicals), Croda, KLK OLEO.
The myristyl stearate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Myristyl Stearate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Myristyl Stearate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Myristyl Stearate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Myristyl Stearate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Myristyl Stearate Market Size & Forecast, 2018-2028 4.5.1 Myristyl Stearate Market Size and Y-o-Y Growth 4.5.2 Myristyl Stearate Market Absolute $ Opportunity
Chapter 5 Global Myristyl Stearate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Myristyl Stearate Market Size Forecast by Type
5.2.1 98% Purity
5.2.2 99% Purity
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Myristyl Stearate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Myristyl Stearate Market Size Forecast by Applications
6.2.1 Cosmetics
6.2.2 Skin Care Products
6.2.3 Hair Care Products
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Myristyl Stearate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Myristyl Stearate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Myristyl Stearate Analysis and Forecast
9.1 Introduction
9.2 North America Myristyl Stearate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Myristyl Stearate Market Size Forecast by Type
9.6.1 98% Purity
9.6.2 99% Purity
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Myristyl Stearate Market Size Forecast by Applications
9.10.1 Cosmetics
9.10.2 Skin Care Products
9.10.3 Hair Care Products
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Myristyl Stearate Analysis and Forecast
10.1 Introduction
10.2 Europe Myristyl Stearate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Myristyl Stearate Market Size Forecast by Type
10.6.1 98% Purity
10.6.2 99% Purity
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Myristyl Stearate Market Size Forecast by Applications
10.10.1 Cosmetics
10.10.2 Skin Care Products
10.10.3 Hair Care Products
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Myristyl Stearate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Myristyl Stearate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Myristyl Stearate Market Size Forecast by Type
11.6.1 98% Purity
11.6.2 99% Purity
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Myristyl Stearate Market Size Forecast by Applications
11.10.1 Cosmetics
11.10.2 Skin Care Products
11.10.3 Hair Care Products
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Myristyl Stearate Analysis and Forecast
12.1 Introduction
12.2 Latin America Myristyl Stearate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Myristyl Stearate Market Size Forecast by Type
12.6.1 98% Purity
12.6.2 99% Purity
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Myristyl Stearate Market Size Forecast by Applications
12.10.1 Cosmetics
12.10.2 Skin Care Products
12.10.3 Hair Care Products
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Myristyl Stearate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Myristyl Stearate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Myristyl Stearate Market Size Forecast by Type
13.6.1 98% Purity
13.6.2 99% Purity
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Myristyl Stearate Market Size Forecast by Applications
13.10.1 Cosmetics
13.10.2 Skin Care Products
13.10.3 Hair Care Products
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Myristyl Stearate Market: Competitive Dashboard
14.2 Global Myristyl Stearate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KLK OLEO
14.3.2 Jeen International
14.3.3 Global Seven (Ethox Chemicals)
14.3.4 Croda
14.3.5 KLK OLEO