The global demand for Lauryl Myristyl Alcohol Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Lauryl and myristyl alcohol is a type of fatty alcohol combination of the carbon atoms C12 and C14 (lauryl and myristyl, respectively). DodecanolTetradecanol is another name for lauryl myristyl alcohol. The compound has the chemical formula C26H54O and a molecular weight of 186.3368. When exposed to too much heat, laurel myristyl alcohol, a colourless liquid with a slight odour, decomposes. The fatty alcohol has a shelf life of one year after the date of manufacture. The food, cosmetics, automotive, textile, and chemical sectors use lauryl myristyl alcohol extensively. The product is also utilized as an intermediary in the production of surfactants.
Market Dynamics
Rising chemical and manufacturing industries drive the global lauryl myristyl market alcohol. The wide range of applications in various sectors also increases the demand for lauryl myristyl alcohol. Consumers are using more personal care products which further leads to an increase in the usage of lauryl myristyl alcohol in cosmetics. On the downside, side effects of the compound include corrosive ingestion, skin and eye contact irritation, inhalation problems, and severe overexposure leading to death may restrain the market growth. Nonetheless, macroeconomic factors such as increasing disposable income, literacy rate, rapid urbanization, and lifestyle changes will provide numerous opportunities within the lauryl myristyl alcohol market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of lauryl myristyl alcohol. The growth and trends of lauryl myristyl alcohol industry provide a holistic approach to this study.
Market Segmentation
This section of the lauryl myristyl alcohol market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Types
By Application
- Cosmetics Industry
- Automotive Industry
- Textile Industry
- Petrochemical Industry
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Lauryl Myristyl Alcohol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Lauryl Myristyl Alcohol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lauryl myristyl alcohol market include VVF L.L.C, P&G Chemicals, Lubrizol Corporation, Dow Chemical Company, Eco Green Oleochemicals, Croda International Plc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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