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1-Octanol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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1-Octanol belongs to the family of alcohols. It is also known as octyl alcohol. It is usually present in colorless liquid state and is insoluble in water. The vapors of 1-octanol are heavier than air. This causes irritation in nose, eyes, and respiratory system if inhaled. In order to increase the shelf life, 1-Octanol is stored in a ventilated cool and dry place in tightly sealed containers protected from heat and light. Its physical characteristics make it useful as wetting and defoaming agent due to its slight viscous nature. 1-Octanol is used in various other applications. It acts as solvent for waxes, protective coatings, and oils. 1-octanol is also used as raw material for the manufacture of plasticizers. Human exposure to this chemical can either be caused through skin contact or inhalation of fumes. Short term exposure can cause irritation to skin, respiratory tract, and eyes. If swallowed in large quantity, it can cause aspiration in the lungs and pneumonitis. 1-octanol is also employed as food preservative in low quantity, so that it does not cause toxicity when consumed by human beings. It is used as synthetic flavoring substance in food, alone or in combination with other flavoring substances. Based on end-use, the market for 1-octanol can be segmented into personal care products, agriculture products, plasticizers, paints & coatings, fuels & fuel additives, and building & construction etc.

The market for 1-octanol is niche, but is anticipated to witness promising growth during the forecast period owing to its increased usage in end-user industries. Increase in awareness among consumers regarding the therapeutic effect of lotions, creams, and conditioners is primarily driving the personal care market. This, in turn, is augmenting the demand for 1-octanol. The market is also expected to benefit from product innovation and product development of new lotions and creams. Increase in recognition of novel brands and rise in awareness among consumers to use prestige brands instead of common brands are poised to boost the 1-octanol market. The use of 1-octanol as penetration enhancer in transdermal drug delivery in the pharmaceutical industry is estimated to fuel the market during the forecast period. Ability of 1-octanol to permeate skin efficiently and safely without any hazards is the factor driving its demand in the pharmaceutical industry. The fuel & fuel additives segment held promising share of the 1-octanol market in 2015. Its share is projected to increase in the next few years owing to its usage as aluminum rolling lubricant and plastic lubricant, among others.

Implementation of stringent government regulations, especially in mature markets such as North America and Europe, is the only factor limiting the growth of the global 1-ocatnol market. Overall, drivers of the market are anticipated to outperform the restraining factor. Thus, the 1-octanol market is expected to expand significantly during the forecast period.

Geographically, the market for 1-octanol was dominated by North America in 2015 due to the high demand in end-use industries in the region. This trend is likely to continue during the forecast period. The market in North America was followed by that in Europe and Asia Pacific, respectively, in 2015. Middle East & Africa and Asia Pacific are projected to be rapidly growing regional segments of the 1-octanol market. Expansion in the market in these regions is estimated to be sustained by healthy economic growth, changing lifestyle trends, increasing industrial development, technological advancements, rise in standard of living, growth in investment in prestige and luxury brands, and large base of young affluent population. The market in Latin America is also anticipated to expand at a steady pace during the forecast period due to the improvement in the standard of living of consumers and growth in economy of countries in the region.

Key players operating in the 1-Decanol market are Emery Oleochemicals, Sasol, BASF SE, Thai Fatty Alcohol, Kao Chem, Musin Mas, and P&G Chemicals

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
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  • Technological breakthroughs
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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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  • Emerging niche segments and regional markets
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