Octyl Alcohol belongs to the family of alcohols. It is additionally referred to as as 1-Octanol. It is sometimes present in colourless liquid state and is insoluble in water. The vapours of Octyl alcohol are heavier than air. This results irritation in nose, eyes, and respiratory system if in haled. So as to rise the shelf life, Octyl Alcohol is keep in a very louvered cool and dry place in tightly sealed containers protected against heat and light. Its physical characteristics build it helpful as wetting and defaming agent thanks to its slight viscous nature. Octyl Alcohol is utilized in various alternative applications. It acts as solvent for waxes, protective coatings, and oils. Octyl Alcohol is also used as raw material for the manufacture of plasticizers.
According to the study, ‘World Octyl Alcohol Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)’ it’s calculated that there are many key players like KLK Oleo, Liaoning Huaxing, Musim Mas, Ecogreen Oleo, VVF, Kao Chem, Auro Chemicals, PTTGC, P&G Chem, Sasol, Axxence, Emery, Basfand several others which are presently functioning addition successfully for dominant the foremost effective growth of the market and getting the productive competitive edge on the effective policies such as joint ventures, mergers and acquisitions, partnership, merger and merchandise development. Octy Alcohol is additionally utilized as food preservative in low amount, in order that it does not cause toxicity once consumed by human beings. It’s utilized as synthetic flavouring substance in food, alone or together with other flavouring substances. Supported on end-use, the market for Octyl Alcohol are often segmented into personal care products, agriculture products, plasticizers, paints & coatings, fuels & fuel additives, and building & construction etc. Human exposure to present chemical will either be caused through skin contact or inhalation of fumes. Short term exposure can cause irritation to skin, respiratory tract, and eyes. If swallowed in large quantity, it will cause aspiration in the lungs and redness.
Based on the regional investigation, the World Octyl Alcohol Market is assessed across the world that majorly involves USA, Europe, Japan, China, India and the last region is South East Asia. Whereas, North America is predicted to be the main country across the world in terms of market share thanks to the rising variety of Octyl Alcohol consumers within the region. While, the China is additionally expected to exhibit highest rate of growth/ CAGR over the forecast period owing the significant advancement in the economy, increasing disposable income and effective functioning of organized players.
The market for Octyl Alcohol is niche, however is anticipated to witness promising growth throughout the forecast period due to its raised usage in end-user industries. Increase in awareness among consumers regarding the therapeutic impact of lotions, creams, and conditioners are primarily driving the private care market. This, in turn, is augmenting the demand for Octyl Alcohol. The market is additionally predicted to advantage from product innovation and product development of new lotions and creams.
Furthermore, increase in recognition of novel brands and rise in awareness among consumers to use prestige brands rather than of common brands are poised to spice up the Octyl Alcohol market. The utilization of Octyl Alcohol as penetration enhancer in transdermal drug delivery in the pharmaceutical industry is calculable to extend the market demand throughout the forecast period. Ability of Octyl Alcohol to permeate skin expeditiously and safely with none hazards is that the issue driving its demand within the pharmaceutical trade. World Octyl Alcohol Market is projected to increase in the next few years due to its usage as aluminium rolling lubricant and plastic lubricant, among others.
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Ankur Gupta, Head Marketing & Communications