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Global Market Forecast on Branched Alcohols

 

Branched Alcohols Market Introduction

·         Branched alcohols are isomeric alcohols produced from propylene and butene. Branched alcohols exhibit reactivity typical of higher primary alcohols due to their branched structures. These branched chain alcohols are used in various applications in daily lives to add value, security and comfort. Typical examples include detergents, cleaning agents, personal care, construction, paints and coatings, leather and metal processing, hot-melt adhesives, and catalyst support for automotive catalysts. These are also employed in diverse specialty applications including oil and gas recovery, aroma production, plastic stabilization, and polymer production.

·         Branched alcohols possess significant advantages such as higher energy density, lower hygroscopicity, lower vapor pressure, and compatibility with existing transportation infrastructure

·         In terms of application, the global branched alcohols market can be segmented into cosmetics & personal care, metal processing, detergents & cleaners, and others. Cosmetics & personal care application segment is expected to expand at a significant pace during the forecast period. Branched alcohols are very stable to oxidizing and reducing agents and to low & high pH. They are also heat stable. They easily react with fatty acids to form esters. They can be ethoxylated to form emulsifiers and sulfated to form anionic surfactants that are commonly used in various cosmetic formulations such as shampoos and shower gels.  

·         In terms of product type, the branched alcohols market can be divided into 2-butyloctanol, 2-hexyldecanol, 2-octyldodecanol, 2-decyltetradecanol, 2-dodecylhexadecanol, and others

Key Drivers of Branched Alcohols Market

·         Increase in demand for branched alcohols for high grade industrial & institutional and household cleaners is expected to drive the market during the forecast period. The end-user sectors of branched alcohols are expanding rapidly. This is boosting the global demand for branched alcohols in various applications such as cosmetics & personal care, metal processing, and detergents & cleaners.

·         Rise in demand for branched alcohols in surfactants and emulsifiers preparation is expected to boost the market in the near future. Branched alcohols are used as raw materials to produce various surfactants and emulsifiers such as lauryl, myrisyl, palmityl, stearyl, isostearyl, oleyl and behenyl alcohols.

·         Expansion in the cosmetics & personal care industry across the globe is likely to boost the branched alcohols market. Branched alcohols are among the commonly used ingredients in cosmetics & personal care formulations. They are used in a variety of cosmetics and personal care products such as shampoos, conditioners, shower gels, antiperspirants, and lipsticks. Rise in consumption of branched alcohols in emerging countries of Asia Pacific is also expected to augment the branched alcohols market during the forecast period

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Major Restraints of Branched Alcohols Market

·         Enactment of stringent regulations pertaining to usage of branched alcohols in certain applications is estimated to restrain the market during the forecast period. The Food and Drug Administration (FDA), in voluntary cooperation with cosmetic ingredient manufacturers and formulators, compiles a list of cosmetic ingredients and the types of products and concentrations in which branch alcohols are used. Compliance with these regulations of FDA is mandatory and often tedious for various market players. This can discourage investment in the branched alcohols market, thereby adversely affecting the market growth.

·         Lack of awareness and low adoption in many underdeveloped countries are also likely to hamper the branched alcohols market

·         Fluctuation in raw material prices is anticipated to negatively affect the global branched chain alcohol market during the forecast period. Branched alcohols are produced from propylene and butene. Raw materials such as propylene and butene are experiencing unstable prices, as the supply chain has been disrupted due to the COVID-19 pandemic. These raw materials experience periodic fluctuation in demand and thus their prices are significantly affected.

 

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Asia Pacific to be Key Region of Global Branched Alcohols market

·         In terms of geography, the global branched alcohol market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America

·         Asia Pacific is projected to hold significant share of the global branched alcohol market in terms of consumption during the forecast period. End-user industries such as cosmetic & personal care, detergent, and metal processing are rapidly expanding in the region. Rise in disposable income and improvement in standard of living in many Asia Pacific  countries are boosting the consumption of cosmetics and personal care products, which in turn is augmenting the demand for branched alcohols in the cosmetics & personal care application segment.

·         China is the leading country of the market in Asia Pacific owing to the rise in demand for industrial & domestic cleaning products in the country. Branched alcohols are used as a foam controllers, emollients, antistatic agents, and pacifiers in powders and liquid products to maintain healthier and safer environment.

·         North America is projected to account for vital share of the global branched alcohols market during the forecast period owing to rise in demand for branched alcohols in various applications in the U.S. and Canada

COVID-19 Impact on the Branched Alcohols Market

·         The global branched alcohols market includes major tier I and II manufacturers and suppliers such as BASF, Sasol, Evonik Industries, Jarchem Industries, New Japan Chemical, Kokyu Alcohol Kogyo, and Kisco. These manufactures have their manufacturing facilities spread across various countries in Asia Pacific, Europe, North America, South America, and Middle East & Africa. Many of these market players have curtailed their production output over the last few months due to the COVID-19 pandemic. The pandemic has led to lower demand and supply chain bottlenecks. Thus, demand for branched alcohols is expected to decline in 2020.

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Prominent Players Operating in Global Branched Alcohols Market

·         Major players operating in the global branched alcohols market include BASF SE, Sasol, ExxonMobil, Evonik Industries, Jarchem Industries, and New Japan Chemical. These key players are adopting various organic and inorganic growth strategies such as merger & acquisitions, product new launches, joint ventures, strategic alliances, expansion, and R&D to increase their regional presence and business operations.

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