Analysis of Myristyl Alcohol Market applications and companies active in the industry

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.

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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 feeds.

The differentiating factor of Myristyl Alcohol Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focussed multiple trends for Myristyl Alcohol Market are discussed along with regional trends to offer an overall view of the market.

The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Myristyl Alcohol Market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Myristyl Alcohol Market support this sector specific data and information points.

Browse key industry insights from the report, “Myristyl Alcohol Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024”

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Asia Pacific is expected to be the fastest growing region for the myristyl alcohol market over the forecast period, followed by North America and Europe. India and China were the prominent users of the product in Asia Pacific owing to the growing presence of end-user industries in these countries. Moreover, increase in consumption of edible oils across the globe is expected to drive the myristyl alcohol market in next few years.

Pharmaceutical and chemical manufacturing companies are prime consumers of myristyl alcohol market. The prominent players operating in the business are KLK OLEO, Emery Oleochemicals, Ecogreen Oleochemicals, The Good Scents Company, Sigma-Aldrich, P&G Chemicals and KAO Corporation. Other companies include Triveni Chemicals, Mosselman, Leonardo Biosystems Inc., GB Biosciences Corporation and many other small and medium scale companies.

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