Guerbet Alcohol Market Will Amass US$ 1316.7M by 2024

(Newswire.net — June 27, 2017) New York City, New York — Growing need for perfuming agents, emulsion stabilizer and super fattening agent in the range of cosmetic ingredients have revved up demand for guerbet alcohols. Attributed to low irritation and volatility characteristics, guerbet alcohols will witness significant demand in various industrial applications. According to a recent report compiled by Persistence Market Research, the global guerbet alcohols market will witness a growth of 5.6% CAGR in terms of sales over the forecast period, 2016-2024.

Factors Propelling Growth of the Global Market

Multifunctional attributes including emulsion stabilizer, viscosity increasing agent, perfuming agent, binder and super fattening agent have revved up demand for guerbet alcohols across personal care and cosmetics industries. Guerbet alcohols enable good oxygen permeability, which is an imperative ingredient for application on skin. Attributed to such benefits, guerbet alcohols witness significant demand as a multifunctional ingredient in cosmetic and personal care industry. Furthermore, guerbet alcohols have a relatively high molecular weight due to branching. Due to their high molecular weight, the guerbet alcohols offered enhanced stability as compared to linear or unsaturated alcohols. Such factors will contribute towards growth of the global guerbet alcohols market during the predicted years. Additionally, surge in application of guerbet alcohol based ethoxylates for various industrial purposes is likely to fuel growth of the global guerbet alcohols market in the upcoming years. In contrast to this, increasing prices of guerbet alcohols and their derivatives is likely to inhibit growth of the global guerbet alcohols during the predicted years.

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Cosmetic and Personal Care Industries to Remain Dominant

By the end of 2024, the 2-octyldodecanol products will account for a revenue share of 33.6% in the global guerbet alcohols market. This segment is likely to witness a growth of 6.7% CAGR during the predicted years. Attributed to its chemical structure, the 2-octyldodecanol products have emollient medium spreading properties. This chemical structure finds application in hair removal formulations and antiperspirant/deodorant, which require wide PH range. Cosmetic and personal care industries will hold a revenue share of 53.1% throughout 2024. This segment is likely to remain dominant in the global guerbet alcohol market during the predicted years. Guerbet alcohol will witness significant demand for application in hair conditioners, skin care preparations and cleansing products in personal care and cosmetic industry. The cosmetic and personal care segment was pegged at 54.5 kilotons in terms of consumption in 2016.

APAC to Witness Highest Market Growth

The guerbet alcohol market in Europe will register 5.1% CAGR in terms of revenue throughout 2024. The guerbet alcohols market in this region will witness promising outcomes during the predicted years. North America guerbet alcohol market will reflect 5.3% CAGR, and will account for US$ 372.2 million by the end of 2024. Asia Pacific among other regions will witness high market growth as compared to overall average between 2016 and 2024. The guerbet alcohol market will remain vibrant and fertile during the predicted years.

View Report Table of Contents, Figures, and Tables @ http://www.persistencemarketresearch.com/market-research/guerbet-alcohols-market/toc

Market Players

Major market players operating in the global guerbet alcohols market include BASF SE, Sasol Ltd, Kisco Ltd., New Japan Chemical Co., Ltd, DowPol Corporation, and Kokyu Alcohol Kogyo Co.