Octyl Alcohol Market – Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
Octyl alcohol is part of the family of alcohol and is also referred to as 1-octanol. It is usually present in a liquid and colorless state and is generally insoluble in water. Octyl alcohol vapors are comparatively heavier than air. If inhaled, this leads to eye, nose, and respiratory irritation.
Octyl alcohol is stored in a cool, ventilated and dry place in sealed light and heat-protected ampules to increase the overall shelf life. Because of its viscous nature, octyl alcohol's physical characteristics make it valuable as a defoaming and wetting agent. The fumes are heavier than air with 1-octanol. This causes irritation in nose, eyes and respiratory system when inhaled. Due to its light viscous nature, its physical features are useful as a weathering and spraying agent along with other applications.
It serves as a solvent for waxes, protective layers and oils. 1-octanol is also used as raw material for production of plasticizers. The market for octyl alcohol is very niche, however, owing to increased adoption in wide end use industries, the octyl alcohol market is anticipated to witness a promising growth of 4.5% during the forecast period.
Octyl alcohol is a primary component in antiseptic creams and lotions. With increase in consumer awareness about the use of creams, lotions and conditioners for healing and moisturizing, is anticipated to fuel the demand for octyl alcohol thereby, contribute prominently towards the growth market.
New product innovations and the emergence of new players around the globe are also expected to benefit the market. The1-octanol market will be enhanced by the recognition of new brands and increased consumer awareness of prestigious brands rather than common brands. 1-octanol act as an enhancer in transdermal drug delivery in the pharmaceutical industry, which is expected to fuel the market growth during the forecast period.
The global octyl alcohol market can be segmented on the basis of type, application and geography. Based on type, the global octyl alcohol market has been segmented into industrial grade, food grade and others. Based on application, the global octyl alcohol market has been sub-segmented into chemical intermediates, cosmetic, food and others. Geographically, the global octyl alcohol market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major players operating in the global octyl alcohol market include Sasol, Emery Oleochemicals, Thai Fatty Alcohol, BASF SE, Musin Mas, Kao Chem and P&G Chemicals among others.
- industrial grade
- food grade
- chemical intermediates
- North America
- Asia Pacific
- Middle East & Africa
- South America