According to SPER Market Research, the Isooctyl Alcohol Market is estimated to reach USD 0.33 billion by 2032 with a CAGR of 3.95%. Several household and commercial chemicals are produced using the material in a variety of industries. Furthermore, it is a vital component in several chemical compositions, including detergents, disinfectants, and antiseptics. Isooctyl alcohol has a light, pleasant odour and is a transparent, colourless liquid. It is frequently used in the synthesis of plasticizers, synthetic drying oils, lubricating and cutting oils, and hydraulic fluids as a chemical intermediate and solvent. As an intermediary for non-ionic detergents and surfactants, resin solvents, emulsifiers, anti-foaming agents, and as a means of attaching the Isooctyl group to other chemicals, Isooctyl alcohol is also employed.
Isooctyl Alcohol Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 3.95%
- Forecast Market Size (2032): 0.33 billion
One of the items that was used most frequently during the current worldwide coronavirus outbreak was sanitizer. Due to the formulation’s ability to protect the skin against the entry of viruses or other infections, high sales in previous years were a result. During the crisis, multinational companies that produce disinfectants like isopropyl alcohol started maximising their manufacturing capacities to meet up with the demand’s rapid development.
Impact of COVID-19 on the Isooctyl Alcohol Market
Sanitizers were one of the most frequently utilized products during the current global coronavirus outbreak. High sales in the Previous years were a result of the formulation’s capacity to shield the skin from the entrance of viruses or any other pathogens.
Multinational corporations that manufacture disinfectants such as isopropyl alcohol began maximizing their manufacturing capabilities during the crisis to keep up with the demand’s fast growth. A lack of supply has, however, arisen due to an increase in demand, and travel restrictions have made matters worse for regional formulators.
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Isooctyl Alcohol Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Product:
- Ethyl Alcohol
- Isobutyl Alcohol
- Isopropyl Alcohol
- Methyl Alcohol
- Others
By Source:
- Corn
- Fossil Fuels
- Grains
- Sugar and Molasses
- Others
By Application:
- Chemical Intermediates
- Detergent and Cleaning Chemicals
- Food Ingredient
- Personal Care
- Pharmaceutical
- Transportation Fuel and Fuel Additives
- Others
By End Use:
- Fuel Additive
- Packaging
- Paint and Film
- Wire and Cable
- Other
By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Isooctyl Alcohol Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; BOC Sciences, Chevron Phillips Chemical Company, ExxonMobil Corporation, GJ Chemical, Henan Bon Industrial (Chemical) Co Ltd, Henan GP Chemicals Co Ltd, KH Chemicals, Merck KGaA, ThermoFisher Scientific, Others.
For More Information, refer to below link:-
Isooctyl Alcohol Market Growth Opportunity
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