Press release
Guerbet Alcohols Market Expand at the US$ 1316.7 Mn by the end of 2024
Market insights suggests that the overall width of the global guerbet alcohols market will expand within the forecast period. Several positive changes are expected to fuel the growth of the market. The market is fragmented and each portion of the fragment has a crucial role to play in the market. In the product division, the 2-octyldodecanol will play a pivotal role in building the market revenue. This product type is expected to occupy a major share of the market. The report hints that the 2-octyldodecanol product type will account for a value share of almost 33.5% in the global guerbet alcohols market. The segment will surge at a CAGR of 6.7% within the forecast period.
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From the long queue of end users the personal & cosmetic care segment will mint a significant revenue within the forecast period. The steady expansion of the cosmetic market will affect the production of guerbet alcohol chemicals. As per the forecast this segment to account for more than 52% of the market value share by the end of the forecast period.
Report Overview @ https://www.persistencemarketresearch.com/market-research/guerbet-alcohols-market.asp
Amongst the major markets Europe will show promising results within the forecast period. The region is estimated to represent more than 26% in 2016 and the market will expand at a CAGR of 5.1% within the stipulated time period. The sales revenue of the North American region will pump up to US$ 372.2 Mn by the end of 2024 with an increasing CAGR of 5.3%. The markets in the Asia Pacific region will remain fertile and vibrant during the forecast period.
Some of the key market players who have been picked in the global guerbet alcohols market report are Sasol Ltd, BASF SE, New Japan Chemical Co., Ltd, Kisco Ltd., Kokyu Alcohol Kogyo Co., Ltd, DowPol Corporation.
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