guerbet alcohols market Report Overview
-
Request a Free Sample to learn more about this report
The global guerbet alcohols market size was valued at USD 1136.57 million in 2021 and will reach USD 1719.06 million by 2027, at CAGR expansion of 7.14% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the guerbet alcohols market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Guerbet alcohols, also known as Guerbet alkanols or Guerbet's alcohols, are a class of organic compounds with a specific chemical structure. They are characterized by having two alkyl groups attached to a primary alcohol functional group (R-CH2-CH2-OH), where both alkyl groups are typically branched hydrocarbon chains. Guerbet alcohols are named after their discoverer, the French chemist Marcel Guerbet. Guerbet alcohols are used in various industrial applications, including cosmetics, pharmaceuticals, and the production of specialty chemicals. Their unique chemical structure gives them desirable properties, such as low volatility, good solubility in oils, and lubricating properties.
COVID-19 Impact: Market Faced a Fall in Demand Due to Shift in Consumer Preferences During the Pandemic
There was no single sector unaffected by COVID-19. The guerbet alcohols market was affected as well. Consumer preferences shifted during the pandemic. There was an increased focus on hygiene and personal care products, including hand sanitizers and disinfectants, which led to increased demand for certain chemical ingredients. However, the demand for some cosmetic and personal care products, where Guerbet alcohols are used, declined due to reduced social interactions and lockdowns.
Latest Trends
"Use of Sustainable and Natural Ingredients to Make Market More Efficient "
The Industrial guerbet alcohols market is as dynamic as any market. In the market, there are everyday developments in the market to add more benefits to it. Consumer demand for sustainable and natural ingredients in personal care products was a growing trend. Guerbet alcohols, known for their biodegradability and eco-friendly characteristics, may continue to gain popularity in formulations of eco-conscious cosmetics and personal care products.
guerbet alcohols market Segmentation
-
Request a Free Sample to learn more about this report
- By Type Analysis
According to type, the market can be segmented into 2-butyloctanol, 2-hexyldecanol, 2-octyldodecanol, 2-decyltetradecanol, 2-dodecylhexadecanol, and Others.
In terms of services, 2-hexyldecanol is the largest segment, as it holds the maximum share of the market.
- By Application Analysis
Based on application, the market can be divided into Cosmetics & Personal Care, Metal Processing, Detergents & Cleaners, and Others.
Driving Factors
"Rising Cosmetics and Personal Care Industry has Increased Demand in the Market"
The cosmetics and personal care industry is one of the primary drivers of the Guerbet Alcohols market. These alcohols are commonly used in cosmetics, skincare products, hair care products, and other personal care items as emollients, thickeners, and stabilizers. The market's growth is closely tied to consumer demand for such products. The increasing emphasis on health and wellness, along with the rising awareness of the importance of skincare and grooming, has boosted the demand for personal care products, benefiting the Guerbet Alcohols market.
"Demand for Natural and Sustainable Ingredients Has Influenced the Demand in the Market"
Consumer preferences were shifting toward natural and sustainable ingredients in personal care products. Guerbet alcohols, known for their biodegradability and environmentally friendly characteristics, were well-suited to meet this demand. Changing consumer trends, including the demand for anti-aging products, sun care products, and organic/natural products, can affect the market. Guerbet alcohols may find applications in these product categories. This contributes to the guerbet alcohols market growth.
Restraining Factors
"High Production Cost Could Lead to a Declining Trend in the Market "
The manufacturing of Guerbet alcohols can involve complex synthesis processes, and the cost of production can be relatively high compared to some other cosmetic and personal care ingredients. This can limit their adoption, especially in price-sensitive market segments. As a consequence, there can be a declining trend in the market.
guerbet alcohols market Regional Insights
-
Request a Free Sample to learn more about this report
"North America Region Dominates the Market Has Strong Cosmetic and Personal Care Industry"
North America has the largest Industrial guerbet alcohols market share as it has a robust cosmetics and personal care industry. This industry is one of the primary consumers of Guerbet Alcohols due to their extensive use as specialty ingredients in various cosmetic and personal care products. The region's large and diverse consumer market drives demand for such products. The countries in this region are known for their innovation and research capabilities, including in the field of specialty chemicals. American companies have been at the forefront of developing and innovating Guerbet Alcohol formulations to cater to evolving market needs.
North America boasts advanced manufacturing facilities equipped with modern technology and infrastructure. These facilities are well-suited for the production of specialty chemicals, including Guerbet Alcohols, in large quantities and with high quality. North America, including the U.S., has well-established regulatory frameworks for cosmetics and personal care products. Compliance with these regulations is crucial for product safety and market acceptance. Companies in the region are familiar with and equipped to navigate regulatory requirements effectively.
Key Industry Players
"Key Players Focus On Research & Development and Quality Assurance For Market Expansion"
Leading companies invest in R&D activities to develop and innovate Guerbet alcohol formulations. They work on improving the properties of these chemicals, making them suitable for a wide range of applications and aligning them with evolving market trends such as sustainability, natural ingredients, and performance enhancement. Key players prioritize product quality and ensure that their Guerbet alcohol products meet stringent quality standards and regulatory requirements. They invest in quality control processes and systems to maintain consistency and safety in their products.
These companies work closely with customers to develop customized Guerbet alcohol formulations that suit specific product needs. Customization is essential as it allows them to cater to the unique requirements of different industries and applications. Key players often have a global presence with distribution networks that allow them to supply Guerbet alcohols to customers around the world. They have established relationships with manufacturers of cosmetics, personal care products, pharmaceuticals, and other end-user industries.
List of Market Players Profile
- New Japan Chemical (Japan)
- Evonik Industries (Germany)
- BASF (Germany)
- Jarchem Industries (U.S.)
- Kisco (U.S.)
Report Coverage
The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others.
Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1136.57 Million in 2021 |
Market Size Value By |
US$ 1719.06 Million by 2027 |
Growth Rate |
CAGR of 7.14% from 2021 to 2027 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the global guerbet alcohols market expected to touch by 2027?
The global guerbet alcohols market is expected to touch USD 1719.06 million by 2027.
-
What CAGR is the guerbet alcohols industry expected to exhibit during 2022-2027?
The global guerbet alcohols market is expected to exhibit a CAGR of 7.14% over 2022-2027.
-
What are the factors which help in pushing the guerbet alcohols market?
Demand for natural and sustainable ingredients and rising cosmetics and personal care industry are the driving factors of the guerbet alcohols market.
-
Which are the key players or most dominating companies functioning in the guerbet alcohols market?
New Japan Chemical, Evonik Industries, BASF, Jarchem Industries, and Kisco are the top companies operating in the guerbet alcohols market.