The dodecanol market is poised for substantial growth, projected to attain a valuation of US$ 800 million by 2032, with a notable Compound Annual Growth Rate (CAGR) of 6% from 2022 onwards. The findings indicate an anticipated valuation of US$ 335 million for the year 2022. This forecast underscores a robust and steadily advancing market trajectory, reflecting the increasing demand and applications of dodecanol across various industries.
Though dodecanol is mainly used as a chemical intermediate in the production of dodecyl sulphate and dodecyl ethoxylate, it is also a vital raw material in the production of surfactants. Dodecanol also gains extensive application in the pharmaceutical industries, in the production of lubricating oils, flavoring agents, and as an emollient. The chemical is also used in pear and apple orchards as a Lepidopteran pheromone attractant as well as to disrupt the mating behavior of certain moths, the larvae of which destroy crops. Thus, the use of dodecanol in formulations of plant metabolites, insecticides, and pesticides in the agricultural sector also aids the growth of the dodecanol market in the upcoming years.
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The advancing personal care sector spearheads the growth of the dodecanol market. The production of fabric softeners, skin care products, and fatty alcohol-based detergents utilize dodecanol which contributes to the global market growth. Emerging economies with expanding manufacturing sectors are key contributors to the dodecanol market growth. Further, dodecanol can be found in different forms such as alcohol ethoxylates and sulphates which are used as wetting agents and emulsifiers in paints and coatings. Hence, an expanding paints and coatings sector also bolsters the market growth for dodecanol.
The elevated use of dodecanol in the formulations of fuel additives and lubricant oil also facilitates growth for the market. Thus, the growing personal care and household care industry, agriculture sector, automotive, and paints and coatings industries all aid the global growth of the dodecanol market.
Key Takeaways:
- Disruption in supply chains and toxicity to aquatic organisms are certain factors that may hinder the market growth of dodecanol.
- Asia Pacific will dominate the dodecanol market owing to increasing infrastructure development and increasing usage in the textile sector.
- The strong presence of the automobile sector will propel the dodecanol market forward in Europe.
- High demand for electric vehicles will lessen the dependency on crude oil which, in turn, deters market growth.
Competitive Landscape
Leap Labchem Co. Ltd., Jinan Haohua Industry Co., Ltd, Chemos GmbH, SIGMA-ALDRICH Corporation, AK Scientific Inc., and East Chemical Industry, among others, are some of the primary players in the dodecanol market profiled in the full version of the report.
Eminent market players are focusing on expanding production capacities. These organizations also employ various organic and inorganic business strategies to strengthen their market position.
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More Insights into the Dodecanol Market
In its latest report, FMI offers an unbiased and detailed analysis of the global dodecanol market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of material type (palm kernel oil, coconut oil, methyl esters), application (solvent, adhesive and sealants, industrial fluids, lubricating oil, fuel additive, food additives, cosmetics and personal care (hair dyes, soaps, shampoos, creams), agrochemicals (insecticides, pesticides, others), others), end-use industry (automotive, agriculture, personal care and beauty, textile, healthcare, pulp and paper, construction, oil and gas, others), and region.
According to the same reports, based on segmentation, the automotive end-use industry will generate high demand for dodecanol during 2022 and 2032. In terms of application, agrochemicals, and solvent categories will also contribute to the overall market growth. Based on region, the dodecanol market in Asia Pacific will demonstrate strong growth over the assessment period. The target market in this region will dominate the global marketplace. The expanding infrastructure and automobile industries, increasing application of dodecanol in the textile industry, and rising per capita income are certain considerations that are responsible for the growth of the dodecanol market in the Asia Pacific region. Europe, too, displays notable growth in the target market. Hence, Asia Pacific and Europe are the two main regions abetting the growth of the dodecanol market during the projection period.
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