Guerbet Alcohols Market Is Encouraged To Reach US$ 1,745.0 M...| MENAFN.COM

Monday, 20 March 2023 10:13 GMT

Guerbet Alcohols Market Is Encouraged To Reach US$ 1,745.0 Million By 2033

(MENAFN- Ameliorate Digital Consultancy)

Guerbet Alcohol

The Global guerbet alcohols market is projected to increase from a valuation of US$ 1,140.5 million in 2023 to US$ 1,745.0 million by 2033 With CAGR of 4.3%. Guerbet alcohols, also known as Guerbet esters, are a group of organic compounds that have gained popularity in various industries due to their unique chemical properties. These alcohols are produced by the Guerbet reaction, which involves the condensation of two alcohol molecules to form a single molecule with a higher molecular weight.

Guerbet alcohols are frequently used across various end use industries such as cosmetics, personal care, metal processing, and others. These alcohols offer superior qualities over traditional fatty alcohols. The market has witnessed a growth rate of about 3.8% between 2018 and 2022. The market witnessed steady growth between 2018 and 2022 owing to the Covid-19 outbreak, which had a negative impact on end use industries.

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Some of the key players in the Guerbet Alcohols Market are:

BASF SE, Sasol Ltd., New Japan Chemical Co., Ltd, Kao Corporation, Kisco Ltd., Kokyu Alcohol Kogyo Co., Ltd, DowPol Corporation, Jarchem Industries, EMCO DYESTUFF P.LTD

Key Segments Covered in Market Research

By Product Type

  • 2-butyloctanol
  • 2-hexyldecanol
  • 2-octyldodecanol
  • 2-decyltetradecanol
  • 2-dodecylhexadecanol
  • Others

By End User

  • Cosmetic and Personal Care
  • Metal Processing
  • Detergents and Cleaners
  • Others

Increased demand for personal care products and cosmetics is expected to drive the market over the forecast period. It is commonly utilized in a variety of cosmetic and personal care products due to its exceptional oxidative stability. During the forecast period, the cosmetics and personal care end-use segment are expected to account for the dominant share in the market. This is used in cosmetic and personal care products due to its emulsion-stabilizing qualities.

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The global Guerbet alcohols market is experiencing significant growth, driven by the increasing demand from various end-use industries such as personal care, pharmaceuticals, and industrial applications. These alcohols find wide-ranging applications in the cosmetic industry as emollients, emulsifiers, and solubilizers. Additionally, they are used as intermediates in the production of various active pharmaceutical ingredients.

The growing consumer awareness about the benefits of using natural and organic ingredients in personal care products has led to an increase in the demand for Guerbet alcohols as they are considered a more natural alternative to traditional synthetic emollients. In the pharmaceutical industry, Guerbet alcohols find applications as solvents, stabilizers, and excipients in the production of drugs.

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The industrial applications of Guerbet alcohols are also on the rise, particularly in the production of lubricants, plastics, and surfactants. They are used as intermediates in the synthesis of various esters, which are used as base materials for the production of lubricants and plasticizers.

The Asia Pacific region is expected to be the fastest-growing market for Guerbet alcohols, driven by the increasing demand from the personal care and pharmaceutical industries in countries such as China and India. North America and Europe are also expected to contribute significantly to the market growth due to the increasing demand for natural and organic ingredients in personal care products and the presence of major pharmaceutical companies in the region.

Check out more related studies published by Persistence Market Research:

detergent alcohol market

polyhydric alcohol market

behenyl alcohol market

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