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Global Guerbet Alcohols Market to Grow at a CAGR of 3.8% in the Forecast Period of 2021-2026, Aided by the Rising Personal Care Industry

According to a new report by EMR titled, ‘Global Guerbet Alcohols Market Report and Forecast 2021-2026’, the global guerbet alcohols market is expected to grow at a CAGR of 3.8% in the forecast period of 2021-2026.

The global guerbet alcohols industry is primarily being driven by the growing demand from the personal care industry. In terms of consumption, the guerbet alcohol market in the Asia Pacific is anticipated to expand at a significant pace during the forecast period in the coming years. The rise in population in the region is likely to boost the demand for personal care products over the next few years. Rapid urbanisation and increased demand for personal care products in China is a major factor expected to drive the guerbet alcohols industry in the country. Europe is also expected to be a key market for guerbet alcohols due to the presence of major key players in the regions and a robustly growing cosmetics market.

BASF SE and Sasol (OTCMKTS: SASOF) are some of the major players in the industry. In June 2021, Sasol’s second guerbet alcohols production site became operational at the Charles Chemicals Project, adding to the guerbet alcohols production capacity of the company. This development is expected to boost the global guerbet alcohols capacity in the coming years. With the alcohols being used in cleaning products such as dishwashing, hard surface cleaning, kitchen hygiene, commercial laundry, and institutional cleaning and sanitation, the product is expected to witness a sustained demand even amidst the coronavirus pandemic.

Market Analysis by Type, Applications, and Regions:

  • The types of the product can be divided into 2-butyloctanol, 2-hexyldecanol, 2-octyldodecanol, 2-decyltetradecanol, and 2-dodecylhexadecanol, among others.
  • Guerbet alcohols find wide applications in cosmetics and personal care, metal processing, detergents and cleaners, textile, and paints and coatings, among others.
  • The regional markets for guerbet alcohols include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The guerbet alcohols industry is likely to be driven by the rising demand for cosmetics and personal care products during the forecast period.
  • They have excellent oxidative stability, and thus are commonly used in a variety of cosmetics and personal care products, which is aiding the market growth.
  • The rising disposable incomes and better standards of living is providing further impetus to the market growth.
  • The rising demand for guerbet alcohol-based ethoxylates is propelling the market growth. 
  • Guerbet ethoxylates act as an effective and safer alternative to octylphenol ethoxylates (OPEs), which are used in industries like paints, textiles, coatings, and paper industries, thus, propelling the growth of the overall industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for guerbet alcohols for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, and major regions of guerbet alcohols. 
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.  
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for guerbet alcohols are BASF SE, Sasol Ltd, Jarchem Industries Inc., New Japan Chemical Co., Ltd, Kisco Ltd., and DowPol Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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