Isoamyl Alcohol Market Size, Share, and Industry Analysis, By Type (Isoamyl Alcohol (98%) Isoamyl Alcohol (99%)), By Application (Spices, Pharmaceuticals, Beneficiation), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Isoamyl Alcohol Market REPORT OVERVIEW

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The global isoamyl alcohol market size is expected to be USD 104.1 million in 2022 and market is projected to touch USD 145.61 million by 2031, exhibiting a compound annual growth rate (CAGR) of 3.8% during the projected period.

Isoamyl alcohol has been a naturally occurring organic compound that is a chemical compound (isomer) of amyl alcohol. It is indeed a colourless fluid that has a low volatility. It is primarily used as an alternate and solvent in the flavouring and fragrance industry, as well as in various chemical reactions.

It is a popular raw material in the fragrance industry for producing fragrances in shower gel, detergent, and fragrance. It makes up a substantial proportion of or into fuel oil and has already been identified as an ester in chamomile oil and certain other oils. It is also prevalent in the smells of raspberry and strawberry. It is a narcotic as well as four times more dangerous than pure ethanol.

COVID-19 Impact: Supply and Lockdown Limitations to Decline Market Advancement

Coronavirus has had a negative impact on the growth of many businesses, including the industries of machinery and equipment. Regional governments around the world levied shutdown, causing business owners to see a decline in the demand for the market of the chemical and advanced material in the second and third quarters of 2020.

With the decrease in demand, the research and development department found out ways to encourage people to depend or to develop a habit to keep their skin and hair healthy by launching several haircare and skincare brands thus making them aware to take necessary measures and lower the risk of unhealthy skin and problems like excessive hair fall. Furthermore, the reopening of initiatives and many new facilities introductions or launches, have cleared the way for the isoamyl alcohol market.

LATEST TRENDS 

"Increased Usage in Skincare Products to Stimulate Market Development "

The alcohol has been most popularly used in fragrances. The delightful citrusy aroma of the alcohol works great for use in cosmetic products along with non-cosmetic application.

Fine aromas, shower gels, skincare products, hair care products, hair styling, and detergents are among the most widely accepted products containing the alcohol. The chemical or the advanced material is in high demand due to the increasing demand for odourless cosmetics. Several manufacturers use the alcohol to add aroma to their finished products and to establish product self-identity through aroma. 

Isoamyl Alcohol Market SEGMENTATION 

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• By Type

Based on type; the market is divided into Isoamyl Alcohol (98%), Isoamyl Alcohol (99%)

Isoamyl alcohol (98%) type is the leading part of the type segment.

• By Application

Based on the application; the market is divided into Spices, Pharmaceuticals, Beneficiation

Spices is the leading part of the application segment.

DRIVING FACTORS

"Increasing Demand for Skincare Products to Aid Market Expansion "

With the increasing demands for personal care products including such cleansers, perfume soaps, skin care creams, and perfumes, the consumption for cosmetic item increases. The alcohol is a fragrance ingredient found in many cosmetic products. The isoamyl alcohol market share is being driven by the growth for personal care products with pleasant aromas, particularly among millennials. Furthermore, increased global utilization of cosmetic products offers the possibility to isoamyl alcohol market growth to grow in the coming years.

"Research and Development to Foster Industry Progress "

Technological advancement and new product launches have created a demand for the alcohol in the market. The launching of various skin care brand and hair care brand have increased and positively affects the chemical market size.

RESTRAINING FACTORS

"Toxic Category and Risk Factor to Hinder Market Advancement "

The alcohol is related with multiple harmful and toxic adverse reactions if ingested in higher concentration. It is flammable and toxic to aquatic life at higher concentrations. When used in large quantities, it has also caused skin damage and acute toxicity.

Furthermore, with preventative measure the alcohol is danger free and is suggested by dermatologists. Furthermore, the chemical or advanced material received FDA approval for being used in flavour enhancer and artificial flavouring material but to be also used precautions. Nevertheless, harmful and toxic adverse effects of the alcohol could indeed hinder the progress of isoamyl alcohol market worldwide.

Isoamyl Alcohol Market REGIONAL INSIGHTS

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"Increasing Percentage of Aging Factors to Foster Market growth in North America "

In terms of the global market, North America has the biggest market share because of a variety of factors such as an increasing amount of selfcare activities mostly among women and young teenage girls which is positively affecting the isoamyl alcohol market. In addition to this the factors including the day to day increasing awareness of healthy skin and preventive aging factors by using some specific products has led to an increase in the selfcare products resulting in the rapid increase in the demand for the chemical and advanced material.

KEY INDUSTRY PLAYERS

"Notable Players in the Industry to Promote Market Expansion "

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market size features, and market growth by type, industry, and customer sector.

List of Market Players Profiled 

• Petrom (Romania)
• Oxiteno (Brazil)
• BASF (Germany)
• Chemoxy (U.K.)
• Alfrebro (U.S.)
• Oxea-Chemicals (Germany)
• Nimble Technologies (U.S.)
• Kaili Chemical (China)
• Yancheng Hongtai Bioengineering (China)
• Shandong Hongyuan Chemical (China)
• Sanjiang Chemical (China)
• Baohua Chemical (China)

REPORT COVERAGE

The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.