The global Lauryl Myristyl Alcohol Market is forecast to reach USD 7,815.4 Million by 2028, according to a new report by Reports and Data. Fatty alcohol is a broad term used for various aliphatic hydrocarbons that contain a hydroxyl group, generally in the terminal position. The commonly used definition of these alcohol states that it is derived naturally from animal oils or plant and fats that ate used in detergent, pharmaceutical, or plastic industries. In other positions within the aliphatic chain, it is possible to find the hydroxyl (–OH) group.
Top Companies Operating in the Global Lauryl Myristyl Alcohol Market:
AkzoNobel, BASF, Cargill, Emery Oleochemicals, Solazyme, Wilmar International, Archer Daniels, Midland, Evonik Industries, China Sanjiang Fine Chemicals, and Kao Chemicals.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Most of these alcohols are saturated, in which there are no double bonds present in its structure. It is mentionable here that few mono-unsaturated compounds can be found in nature. Two of its most common compounds are an isoprene, phytol that can be derived from a straight-chain C20 alcohol, and the side chain of chlorophyll with a double bond in the ω9 position counted from the terminal carbon. One of the mentionable factors supporting the growth of the market is elevating emphasis on cleanliness personal hygiene along with continuous expansion of the cosmetics industry wherein it finds application as thickeners, emollients, and co-emulsifiers.
Though the market is witnessing continuous expansion, market factors like instability in the price of raw materials may slow down the market growth. In context to region, Asia Pacific can be seen to lead the market. The market dominance of the region is resultant of elevating demand for detergents soaps that is attributed to rising awareness about hygiene and growing population of this region.
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Lauryl Myristyl Alcohol Market Segmentation
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- C15-C22 Fatty Alcohols
- C11-C14 Fatty Alcohols
- C6-C10 Fatty Alcohols
Raw Material Sources Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Natural Sources
- Petrochemical Sources
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Personal care
- Soaps detergents
- Amines
- Lubricants
- Others
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