Press release
Myristyl Alcohol Market 2018 Key Players KLK OLEO, Emery Oleochemicals, Ecogreen Oleochemicals, The Good Scents Company, Sigma-Aldrich
Global Myristyl Alcohol Market size is likely to witness significant growth, expanding at a moderate CAGR over the forecast period. Myristyl alcohol, chemical name 1- Tetradecanol, is a straight chain saturated fatty alcohol. It is a transparent white solid which is completely soluble in diethyl ether, marginally soluble in ethanol and insoluble in water.
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Rising disposable income, growing consumerism and increased health awareness among consumers, have been the prime drivers for cosmetics industry. Any trend in this industry will have a direct impact on the myristyl alcohol market size over the forecast timespan. Moreover, developing countries are heavily investing in pharmaceutical sector to battle out rising number of ailments and health related issues. This inclination towards pharmaceutical industry will further push the product demand in the coming years.
Detergent industry is also witnessing prominent gains due to increasing demand in emerging economies, which can be attributed to improved standard of living coupled with growing concerns for health and hygiene. This is expected to boost the overall myristyl alcohol market size in the years to come. However, growing prevalence of substitutes in industry along with oscillating raw material prices is likely to be the major challenge for myristyl alcohol market share over the forecast timespan.
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Based on the process of manufacturing, the global myristyl alcohol market share is classified into ziegler process derived and hydrogenation process derived products. In case of the latter process, the product is synthesized by hydrogenation of myristic acid (its esters), which is primarily present in palm kernel and coconut oil. Majority of the product is produced through this process, whereas, ziegler process of manufacturing involves extracting the product from petrochemical feedstock.
Cosmetics was the major applications of myristyl alcohol market share in 2016. Other uses are in detergent and pharmaceutical industry. The product is extensively used as a chief ingredient in production of cold creams. It is used in cosmetics products in general as a fragrance ingredient. It is employed as an active intermediate in synthesis of sulfated alcohols. The product is also used in synthesis of temperature-controlled drug release systems which are based on phase alteration materials and as excipients in tropical, oral and parenteral pharmaceutical applications.
Other uses of the product include synthesis of theranostic systems which have exclusive characteristics of photoacoustic imaging. The product has a key role in filling of hollow cores of gold nanocages. It is also widely used in foaming agents which are used in surfactants (fatty alcohol sulfates & ethoxy sulfates and ethoxylates) in detergent manufacturing. Moreover, huge quantities of the product are used as special solvents and fillers in insulating materials & plasticizers for the construction industry.
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.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news
Request for an in-depth table of contents of this report @ https://www.gminsights.com/request-toc/upcoming/1513
Rising disposable income, growing consumerism and increased health awareness among consumers, have been the prime drivers for cosmetics industry. Any trend in this industry will have a direct impact on the myristyl alcohol market size over the forecast timespan. Moreover, developing countries are heavily investing in pharmaceutical sector to battle out rising number of ailments and health related issues. This inclination towards pharmaceutical industry will further push the product demand in the coming years.
Detergent industry is also witnessing prominent gains due to increasing demand in emerging economies, which can be attributed to improved standard of living coupled with growing concerns for health and hygiene. This is expected to boost the overall myristyl alcohol market size in the years to come. However, growing prevalence of substitutes in industry along with oscillating raw material prices is likely to be the major challenge for myristyl alcohol market share over the forecast timespan.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1513
Based on the process of manufacturing, the global myristyl alcohol market share is classified into ziegler process derived and hydrogenation process derived products. In case of the latter process, the product is synthesized by hydrogenation of myristic acid (its esters), which is primarily present in palm kernel and coconut oil. Majority of the product is produced through this process, whereas, ziegler process of manufacturing involves extracting the product from petrochemical feedstock.
Cosmetics was the major applications of myristyl alcohol market share in 2016. Other uses are in detergent and pharmaceutical industry. The product is extensively used as a chief ingredient in production of cold creams. It is used in cosmetics products in general as a fragrance ingredient. It is employed as an active intermediate in synthesis of sulfated alcohols. The product is also used in synthesis of temperature-controlled drug release systems which are based on phase alteration materials and as excipients in tropical, oral and parenteral pharmaceutical applications.
Other uses of the product include synthesis of theranostic systems which have exclusive characteristics of photoacoustic imaging. The product has a key role in filling of hollow cores of gold nanocages. It is also widely used in foaming agents which are used in surfactants (fatty alcohol sulfates & ethoxy sulfates and ethoxylates) in detergent manufacturing. Moreover, huge quantities of the product are used as special solvents and fillers in insulating materials & plasticizers for the construction industry.
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.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news
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