Myristyl Alcohol industry analysis is covered in this latest research report
that aims to help those taking daily business decisions by providing market
trends information, competitive landscape scenario, forecasts and more.
Global Myristyl Alcohol
Market size is likely to witness significant growth, expanding at a moderate
CAGR over the forecast period. Myristyl alcohol, chemical name 1- Tetradecanol,
is a straight chain saturated fatty alcohol. It is a transparent white solid
which is completely soluble in diethyl ether, marginally soluble in ethanol and
insoluble in water.
Rising disposable income,
growing consumerism and increased health awareness among consumers, have been
the prime drivers for cosmetics industry. Any trend in this industry will have
a direct impact on the myristyl alcohol market size over the forecast timespan.
Moreover, developing countries are heavily investing in pharmaceutical sector
to battle out rising number of ailments and health related issues. This
inclination towards pharmaceutical industry will further push the product
demand in the coming years.
Request for an in-depth table of
contents for this report @ https://www.gminsights.com/request-toc/upcoming/1513
Detergent industry is also witnessing prominent gains
due to increasing demand in emerging economies, which can be attributed to
improved standard of living coupled with growing concerns for health and
hygiene. This is expected to boost the overall myristyl alcohol market size in
the years to come. However, growing prevalence of substitutes in industry along
with oscillating raw material prices is likely to be the major challenge for
myristyl alcohol market share over the forecast timespan.
Based on the process of manufacturing, the global
myristyl alcohol market share is classified into ziegler process derived and
hydrogenation process derived products. In case of the latter process, the
product is synthesized by hydrogenation of myristic acid (its esters), which is
primarily present in palm kernel and coconut oil. Majority of the product is
produced through this process, whereas, ziegler process of manufacturing
involves extracting the product from petrochemical feedstock.
Cosmetics was the major applications of myristyl
alcohol market share in 2016. Other uses are in detergent and pharmaceutical
industry. The product is extensively used as a chief ingredient in production
of cold creams. It is used in cosmetics products in general as a fragrance
ingredient. It is employed as an active intermediate in synthesis of sulfated
alcohols. The product is also used in synthesis of temperature-controlled drug
release systems which are based on phase alteration materials and as excipients
in tropical, oral and parenteral pharmaceutical applications.
Other uses of the product include synthesis of
theranostic systems which have exclusive characteristics of photoacoustic
imaging. The product has a key role in filling of hollow cores of gold
nanocages. It is also widely used in foaming agents which are used in
surfactants (fatty alcohol sulfates & ethoxy sulfates and ethoxylates) in
detergent manufacturing. Moreover, huge quantities of the product are used as
special solvents and fillers in insulating materials & plasticizers for the
construction industry.
Asia Pacific is expected to be the fastest growing
region for the myristyl alcohol market over the forecast period, followed by
North America and Europe. India and China were the prominent users of the
product in Asia Pacific owing to the growing presence of end-user industries in
these countries. Moreover, increase in consumption of edible oils across the
globe is expected to drive the myristyl alcohol market in next few years.
Japan, Vietnam, Cambodia, Republic of Korea, Malaysia, Indonesia and Australia
are Asia Pacific countries offering ample of future opportunities for the
industry growth over the forecast period. Due to saturation of myristyl alcohol
market size in North American and European countries, these regions are likely
to exhibit slow-paced growth by 2024.
This latest Myristyl
Alcohol Market
research report offers in-depth analysis, key industry insights, market sizing
& forecast on a granular level for key products, applications across number
of regional markets. The report also analyzes the Myristyl
Alcohol industry from business strategy
perspective, describing in detail growth drivers, pitfalls &challenges for
participants, accompanied by a detailed competitive benchmarking including
company market share analysis and detailed business profiles.
Reasons to Buy This Report
•
Global Myristyl Alcohol Market size & forecast by product &
application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Myristyl Alcohol Market growth opportunities & emerging business
models.
•
Competitive benchmarking with market share analysis and company
profiles.
About Global Market
Insights
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting services.
Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
Contact
Us:
Arun Hegde
Corporate Sales, USA
Global Market
Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
No comments:
Post a Comment