Global Guerbet Alcohols Market Dynamics
Excellent chemical stability of guerbet alcohols results in demand growth from end-users across the world, which is expected major growth driver for global guerbet market during forecast period. In addition to that, these alcohol delivers good solvent properties for active ingredients and effective capability to dissolve number of chemicals are also growth drivers for global market. High product price, significant investment price and stringent regulations for production are major growth restraints for global guerbet alcohols market. Also, high price of compound results in limited quantity use across the industry, which is one more growth restraint for global market. Growth in metal processing industry where guerbet alcohols are used to produce metal lubricants is expected to create more growth opportunities for global market over the forecast period.Global Guerbet Alcohols Market Segment Analysis
Based on Product type, the global alcohols market is segmented as 2-butyloctanol, 2-hexyldecanol, 2-octyldodecanol, 2-decyltetradecanol, 2-dodecylhexadecanol and others. Among all the 2-butyloctanol segment is expected to grow at faster rate during forecast period. Earlier it was valued at US$ XX Bn in 2019 and expected to reach US$ XX Bn by 2026 at a CAGR of XX% during forecast period. Based on application, cosmetics & personal care segment is expected to dominate global guerbet alcohols market during forecast period. There is high growth demand for production of cosmetic & personal care products due to its excellent oxidative stability. The major growth in demand from key formulation of deodorants, antiperspirants and hair removal is growth driver for cosmetics and personal care segment in global market. The cosmetic & personal care segment was valued at US$ XX Bn in 2019 and is expected to grow at a CAGR of XX% during the forecast period to reach US$ XX Bn by 2026.Global Guerbet Alcohols Market Regional Analysis
Asia-Pacific is expected to dominate the global guerbet alcohols market during forecast period. It held XX% of global market shares in 2019, which was major share as compared with other regions. The Asia-Pacific is expected to reach US$ XX Bn by 2026 at a CAGR of XX% during forecast period. The growth in population results in demand growth for cosmetic and personal care products, which indirectly helps in growth of market in Asia-Pacific. Europe and North America are also expected to show growth in forecast period and reach US$ XX Bn and US$ XX Bn respectively by 2026.Global Guerbet Alcohols Market Scope: Inquire before buying
The report helps in understanding guerbet alcohols market dynamics, structure, by analyzing the market segments and projects the global guerbet alcohols market size. The clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global guerbet alcohols market make the report investor’s guide. The report provides a detailed study of the key players of global guerbet alcohols market with their growth by conserving past data. In addition to that,the report helps reader with the company profile, Company Overview, Financial Overview, Product Portfolio, Business Strategy, Recent Developments and Development Footprint analysis and growth strategies for each.Global Guerbet Alcohols Market, by Region
• Asia-Pacific • Europe • North America • Latin America • Middle East & AfricaGlobal Guerbet Alcohols Market Key Players
• Evonik Industries • BASF • Sasol • Jarchem Industries • Kokyu Alcohol Kogyo • Kisco • New Japan Chemical • Dowpol Chemical International Corporation • Kao Corporation • EMCO DYESTUFF Pvt. Ltd. • Westlake Chemical • OMV Group • Chevron PhillipsThis report submitted by Maximize market Research Company
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