The Global C12-15 Alcohols Market is forecast to reach USD 2.49 Billion by 2027, according to a new report by Reports and Data. C12-15 Alcohols are the long-chain, high-molecular-weight fatty alcohols containing a number of carbon atoms from 12 to 15 in each fatty alcohol with a colorless, oily, liquid formation mostly. These fatty alcohols are typically derived from natural fats such as animal fats and vegetable oils such as coconut oil. Global C12-15 alcohols market is projected to drive significantly as the demand for the C12-15 alcohol in various industrial & commercial applications is being propelled substantially. The continuous expansion of the surfactants, flavor-enhancing food additives, pesticides, personal care products, cosmetics, lubricating oils are expected to primarily drive the demand throughout the forecast period.
The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at a significant pace due to the extensive use of C12-15 alcohols in various industrial & commercial sectors. China and India are some of the fastest-growing markets in the world, and the United States and China hold some of the most prominent players in the market.
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Key participants include BASF SE, Emery Oleochemicals, Royal Dutch Shell PLC, Clariant International AG, Merck KGaA, The Archer Daniels Midland Company, Cargill, Incorporated, Nanjing Kaimubo Pharmatech Company, Godrej Industries Ltd., and LGC Limited, among others.
Further key findings from the report suggest
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Type of Alcohol Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Sources Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Over the years, mergers and acquisitions, collaborations, and partnerships have played a pivotal role in companies’ plans of expanding customer base and gaining a robust footing in the market. Rising investments by the key industry players for the R&D activities will further bolster market growth over the analysis period.
The report also utilizes key statistical tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and venture return analysis to offer better insights into the market landscape. The report also covers recent developments and trends and provides a comprehensive industry overview to help readers understand the complete scenario and dynamics of the C12-15 Alcohols market.
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