The cetanol market is expected to register a CAGR of 4.7% over the forecast period, with incremental growth of US$651 million over the forecast period. Sales of cetanol are expected to increase as cetanol is increasingly used in personal care and cosmetic products.
In addition, the demand for cetanol is increasing due to the growing market share of cetanol in Germany. Growing demand from the food and beverage industry is also expected to contribute to the % growth in cetanol market share.
Cetanol is considered as a long chain compound falls under the category of organic alcohol. Also, cetanol is also called by various other chemical names such as 1-Hexadecanol, cetyl alcohol, Hexadecan-1-ol, palmityl alcohol or N-Hexadecyl alcohol.
Under room temperature. There are different techniques adopted by the manufacturers to synthesize and produce cetanol and one of the cutting edge production method depends on the reduction reaction of palmitic acid, which is produced from palm oil.
Cetanol Market: Market Participants
Examples of some of the market participants in the global Cetanol market identified across the value chain include:
- Surfachem Group Ltd
- Pure Spa Aromatherapy
- Acme-Hardesty Company
- Agricole Bio-Technology Pte Ltd
- Suriachem Sdn Bhd
- Stoney Hill Farm
- Timur Network Malaysia Sdn.Bhd
- Acme-Hardesty Company
- Naturallythinking
- Lansdowne Chemicals Plc.
The Cetanol Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
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Key Segments
By Form:
- Liquid Cetanol
- Waxy Solid Cetanol
By Application:
- Emulsification
- Conditioning Agent
- Surfactant
- Thickening Agent
- Anti-oxidant
- Emollient
By End-Use:
- Food Industry
- Personal Care
- Cosmetics
- Skin Care
- Hair Care
- Sun Care
- Pharmaceutical
Cetanol Market: Regional Trends
North America and Europe collectively dominate the Cetanol market in terms of consumption. These two regions collectively hold more than half of the cetanol market value share. Most of the population in the developed country is getting economically richer because of the steady economic growth.
This has increased the purchasing ability and the ability to spend more on specialty products (specialty cosmetics and personal care products being some of them) as compared to the earlier times when such products were considered unaffordable by most of the middle class and poor class population thus creating substantial demand potential for cetanol.
Asia-pacific countries such as China, India, and ASEAN to name a few are considered as one of the fastest growing countries across the world. Significantly large young population base in the region is creating ample growth opportunities for cetanol market players.
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