Isotridecyl Alcohol (ITDA) Market Size, Share, Growth, And Industry Analysis, By Type (Below 99%, Above 99%), By Application (Detergent and Cleaner, Lubricant, Paint and Resin, Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Isotridecyl Alcohol (ITDA) Market Report Overview

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The global isotridecyl alcohol (ITDA) market size was USD 120.4 million in 2020 and is projected to touch USD 195.6 million by 2031, at CAGR of 4.5% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the isotridecyl alcohol (ITDA) market experiencing higher/lower-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.

A kind of alcohol with three carbon atoms and ten hydrogen atoms is known as isotridecyl alcohol (ITDA). In many different goods, it serves as an emulsifier, solvent, and stabiliser. A linear saturated fatty acid containing three C12 carbon atoms is known as tridecyl alcohol. It can be used in cosmetics to lubricate skin compositions and take the place of mineral oil. Tridecyl alcohol, a kind of fatty alcohol with the chemical formula CH[CH(CH)COOH], is a sort of solvent used in industry. Sometimes it is referred to as "tert-dodecanol" or "tridecanol." Tridecyl alcohol is used in a variety of end-use industries, including pharmaceutical, personal care, and textile processing.

COVID-19 Impact: Due to lockdown restrictions intended to limit market growth, end-user sectors are closing

Despite a rising understanding of the value of cleanliness and personal care in lowering the risk of getting the virus, there was an insufficient availability of these products on the market, which had a substantial impact on personal care. The growth of the personal care sector is also predicted to boost demand for alcohol ethoxylates over the forecast period. The market for alcohol ethoxylates is significantly hampered by the products' negative environmental effects.

Latest Trends

"Rising application leading market extension"

Due to the product's application in the de-inking of waste paper, the market for it in the paper and pulp sector is anticipated to expand. The segment only uses a small amount of alcohol ethoxylates, which has a small impact on market dynamics. The introduction of cutting-edge technological equipment has decreased the demand for paper, which has decreased the demand for the commodity. Over the projection period, one of the key growth drivers is anticipated to be the product demand in the pharmaceutical sector. Pharmaceutical formulations including creams, lotions, and ointments heavily utilise the products. Over the projected period, higher demand is anticipated as a result of the product's superior performance and emulsification capabilities. By enhancing the stability properties of wax emulsions using alcohol ethoxylates, product consumption is taken into mind. The goods are employed as a pigment dispersion in the paint industry as well. Over the course of the projected period, the construction industry's expansion is anticipated to become the primary growth driver for the sector.

Isotridecyl Alcohol (ITDA) Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into below 99%, above 99%. below 99% will be the dominating segment.

• By Application Analysis

Based on application, the market can be divided into detergent and cleaner, lubricant, paint and resin, others. Detergent and cleaner is anticipated to be the leading segment.

Driving Factors

"Growing demand for ITDA due to its Moisturizing and Conditioning Characteristics in Cosmetics, Skin Care, And Other Personal Care Products"

Growing demand for pharmaceuticals, personal care items, and textile processing are some of the market growth drivers. The abundance of raw materials is a factor in this tendency as well. Growing consumer concern over the health risks associated with exposure to synthetic chemicals has led to a preference among consumers for natural ingredients in everyday products like building materials and cosmetics, which has increased demand for tridecyl alcohol. Given that the majority of formulations today contain some form of tridecol alcohol due to its many advantages, such as being low-flammable or having less toxicity than other chemical compounds used as substitutes, this presents significant opportunities for companies operating in the market as these trends are expected to continue over the forecast period.

"Due to its superior lubricating characteristics, ITDA's application potential is expanding across a variety of industries"

The need for lauryl alcohol ethoxylates in home, commercial, and institutional detergents for cleaning purposes is predicted to drive market growth. It is estimated that during the anticipated time, demand for low foam and low rinse products will increase. In addition, during the next eight years, demand is expected to rise due to the product's strong biodegradability. Over the course of the projected period, rising consumer demand for superior industrial, institutional, and domestic cleansers is anticipated to fuel market expansion. Additionally, the application industries' increasing need for biodegradable surfactants is anticipated to fuel market expansion. The need for lauryl alcohol ethoxylates in commercial, institutional, and home detergents is anticipated to fuel market expansion. Over the course of the forecast period, there is anticipated to be an increase in demand for low foam and low rinse products. In addition, during the following eight years, demand for the aforementioned product is anticipated to increase due to its advantageous biodegradability.

Restraining Factors

"Cheaper alternatives are a barrier to market expansion"

Despite its optimistic future, the alcohol ethoxylates industry faces a number of challenges that severely restrict its growth. The existence of less expensive alternatives is one of these considerations. Nonylphenol ethoxylates are still used by a variety of industries to make soaps, detergents, and other cleaning products. This is increasingly acting as a deterrent to the alcohol ethoxylates industry's growth. Similar to how raw material price fluctuation restricts market growth for alcohol ethoxylates. Tridecyl alcohol is handled with extra caution because it is poisonous and flammable. Burning it causes material to disintegrate and release noxious odours. Additionally, it has a strong chemical reaction with anhydrides and chlorides. Tridecyl alcohol can enter the body by contact with the skin or inhalation of its vapours. Tridecanol can irritate skin and eyes when used for a short period of time, but it can also harm the central nervous system when used in large doses. Skin deterioration might result from extended exposure.

Isotridecyl Alcohol (ITDA) Market Regional Insights

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"Europe is anticipated to account for the greatest portion of the market Over the anticipated period"

In 2015, North America accounted for a sizable portion of the global tridecyl alcohol market. Due to the existence of substantial end-use industries in the area, the market is anticipated to grow significantly over the next several years. During the projected period, the presence of significant manufacturing firms in the drilling products, pharmaceuticals, and textile industries is anticipated to drive demand for tridecyl alcohol in North America. Due to its thriving cosmetics business, Europe trails North America in the global tridecyl alcohol market. The demand for European-made perfumes is very high worldwide. Thus, regional demand for tridecyl alcohol would unintentionally increase as the cosmetics sector expanded.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• ExxonMobil (U.S.)
• BASF (Germany)
• Evonik (Germany)
• Sasol (South Africa)
• KH Neochem (Japan)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.