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Tridecyl Alcohol Market impressive growth rate will be stimulated by personal care sector by 2024

Author : Ronak Bora | Published Date : 2019-04-04 

Global Market Insights, Inc. presents an extensive report on tridecyl alcohol market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

Tridecyl alcohol, commonly known as tridecanol, is a compound that falls under the group of fatty alcohols. It is commonly found as a colorless solid or oily liquid having a mild pleasant odor. Tridecyl alcohol market will be chiefly driven by the growing demand for cosmetic & personal care products across the globe. The product is used in the cosmetics and personal care industry as an emulsion stabilizer, fragrance ingredient, conditioning agent, and viscosity controlling agent. The global cosmetics industry was valued at more than USD 290 billion in 2016 and is poised to grow at a healthy rate during the forecast period due to increased awareness about cosmetic products and rising income levels among consumers.

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Tridecyl alcohol market will be fueled by increasing demand for pharmaceutical products where it is used as an emulsifier. Global pharmaceuticals industry was valued at more than USD 1 trillion in 2016 and is experiencing a significant boost owing to the different government as well as UN initiatives to improve the healthcare facilities in developing and under developed countries. Increased awareness among the world population about the benefits of antibiotics and other such medicines and drugs will drive the pharmaceuticals industry which will in turn augment the tridecyl alcohol market.

Owing to higher income levels and lifestyle changes, demand for textiles and apparels are increasing at a substantial rate. This will also boost the tridecyl alcohol market in the coming years as the product is employed as a surfactant and wetting agent in textile industry. The global tridecyl alcohol market may be hampered due to health and occupational hazards associated with the compound. The product is combustible in nature and causes irritation in skin and eyes when it comes in contact. Prolonged exposure may lead to adverse effects on the central nervous system and cause skin degradation.

By end-user industries, the global tridecyl alcohol market is segmented as pharmaceuticals, cosmetic & personal care products, textile processing, agrochemicals, metal working, and other industries including paper industry, plastic industry, drilling products, etc. Pharmaceuticals and cosmetics & personal care products end-user segments have a significant share of the market and will drive the global tridecyl alcohol market during the forecast period. Textile processing and agrochemicals section share will likely increase at a steady rate due to growing textiles industry and rising demand for agrochemicals for improved crop yields.

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North America is a significant market for the product due to high demand for pharmaceuticals from an already matured healthcare industry. Europe also has a substantial share of the tridecyl alcohol market due the presence of a well-developed cosmetics industry. Asia pacific is a high potential tridecyl alcohol market owing to the booming textiles industry in the region and fast developments in healthcare and pharmaceuticals sector.

Key players participating in the global tridecyl alcohol market are KH Neochem Company, EMCO Dyestuff, Clariant International AG, PI Chemicals, Alfa Chemistry, AK Scientific Inc, Biosynth, Aurora Fine Chemicals, IS Chemical Technology, AN PharmaTech Company, Sigma-Aldrich, Nanjing Kaimubo Pharmatech Company, Tractus, Finetech Industry Limited, and Tokyo Chemical Company.

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.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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