Press release
1-Octanol Market is projected to reach 310 Million US$ by 2025
In terms of consumption side, this report focuses on the consumption of 1-Octanol by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
1-Octanol (synonym name: Caprylic Alcohol) is the organic compound with the molecular formula CH3 (CH2)7OH. It is a fatty alcohol. Many other isomers are also known generically as octanols.1-Octanol is a liquid with colorless (to pale yellow liquid), fresh and orange-pose odor. 1-Octanol belongs to the group of primary aliphatic alcohols within a carbon chain length range of C 6-24. It is a fatty alcohol.
1-Octanol production is mainly concentrated in South Asia, EU and USA at present, the output of the three regions occupies about 79.23% of global 1-octanol production. The main market players are Kao Chem, Ecogreen Oleo, PTTGC, Musim Mas, Sasol, Basf and KLK Oleo, etc
Compared with a million-ton-production market size of isobutyl alcohol, 1-octanol is just a small market because the downstream application of 1-octanol is much smaller than the isobutyl alcohol. 1-octanol can be classified into two types: industrial grade and food grade, survey results showed that 80.29% of the 1-octanol market is industrial grade in 2015. With the development of economy, these industries will need more 1-octanol. So, 1-octanol has a huge market potential in the future.
China is now one of the major consumption regions in 1-octanol market, but it mainly depends on import from South Asia in fact. The price of the 1-octanol in China has increased a lot in the past years.The 1-Octanol market was valued at 220 Million US$ in 2017 and is projected to reach 310 Million US$ by 2025, at a CAGR of 4.7% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for 1-Octanol.
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This report includes the following manufacturers; we can also add the other companies as you want.
Kao Chem
Ecogreen Oleo
PTTGC
Musim Mas
Sasol
Basf
KLK Oleo
Emery
P&G Chem
VVF
Axxence
Auro Chemicals
Huachen Energy
Xiyingmen Oil
YouYang Ind
Liaoning Huaxing
Market Segment by Product Type
Industrial Grade
Food Grade
Others
Market Segment by Application
Chemical intermediates
Cosmetics
Food
Others
Market size split by Region
•North America
•Asia-Pacific
•Europe
•Central & South America
•Middle East & Africa
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