Press release
Global Tridecyl Alcohol Market Set for Rapid Growth and Trend, by 2024
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The market for tridecyl alcohol is anticipated to witness significant growth during the forecast period. This is owing to characteristics of the compound, which are utilized in several industries. The surfactants segment of the tridecyl alcohol market held a major share in 2015 and is projected to witness promising growth in the next few years. Surfactants are compounds employed to reduce the surface tension between a solid and a liquid or between two liquids. Surfactants can achieve this due to their amphiphilic nature, which makes them water-soluble as well as oil-soluble. Surfactants can be used as emulsifiers, foaming agents, detergents, wetting agents, and dispersants. This gives them an advantage over other products of tridecyl alcohol. The emulsifier segment held a low share of the tridecyl alcohol market in 2015. However, the segment is likely to expand during the forecast period, due to various uses of emulsifiers in industries such as pharmaceuticals and drilling products. In the drilling products industry, emulsifiers are used in the manufacture of several products such as drilling fluids, completion fluids, and workover fluids. Among end–uses, the cosmetics segment holds a significant share of the tridecyl alcohol market. The segment is anticipated to expand at a significant rate during the forecast period, owing to the usage of tridecyl alcohol in the perfumes industry. As tridecyl alcohol has pleasant aroma, it is extensively used to manufacture perfumes across the globe.
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Geographically, North America held a significant share in the market for tridecyl alcohol in 2015. The market in the region is expected to expand at a significant rate in the next few years, owing to presence of major end-use industries in the region. Presence of major manufacturing companies in textile, pharmaceuticals, and drilling products industries is estimated to fuel the demand for tridecyl alcohol in North America during the forecast period. Europe follows North America in the market for tridecyl alcohol, owing to the robust cosmetics industry in Europe. Perfumes produced in Europe witness high demand all over the world. Thus, growth of the cosmetics industry would inadvertently boost the demand for tridecyl alcohol in the region. Asia Pacific is projected to offer high growth potential for the tridecyl alcohol market during the forecast period, owing to the increasing population of the region. This rise in population would boost the consumption of different end-use products of tridecyl alcohol including cosmetics, paper, plastics, and pharmaceuticals. Presence of robust plastic production industry in Asia Pacific is likely to further fuel the demand for tridecyl alcohol in the region during the forecast period.
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Key players operating in the market for tridecyl alcohol are BASF SE, Universal Preserv-A-Chem Inc., and Clariant International AG.
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