Cetyl Esters Market Segmentation:
Application Segment Analysis
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 Segment Analysis
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:
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