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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.
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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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