Outlook of Myristyl Alcohol Market: Research Report during 2017-2024

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Regional Analysis of Myristyl Alcohol Market

• Asia Pacific is expected to be the fastest
  growing region for the myristyl alcohol market
  over the forecast period, followed by North
  America and Europe. India and China were the
  prominent users of the product in Asia Pacific
  owing to the growing presence of end-user
  industries in these countries. Moreover, increase
  in consumption of edible oils across the globe is
  expected to drive the myristyl alcohol market in
  next few years. Japan, Vietnam, Cambodia,
  Republic of Korea, Malaysia, Indonesia and
  Australia are Asia Pacific countries offering
  ample of future opportunities for the industry
  growth over the forecast period. Due to
  saturation of myristyl alcohol market size in
  North American and European countries, these
  regions are likely to exhibit slow-paced growth
  by 2024.

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• Application Analysis of Myristyl Alcohol Market
• Cosmetics was the major applications of myristyl
  alcohol market share in 2016. Other uses are in
  detergent and pharmaceutical industry. The
  product is extensively used as a chief ingredient
  in production of cold creams. It is used in
  cosmetics products in general as a fragrance
  ingredient. It is employed as an active
  intermediate in synthesis of sulfated alcohols.
  The product is also used in synthesis of
  temperature-controlled drug release systems which
  are based on phase alteration materials and as
  excipients in tropical, oral and parenteral
  pharmaceutical applications.
• Other uses of the product include synthesis of
  theranostic systems which have exclusive
  characteristics of photoacoustic imaging. The
  product has a key role in filling of hollow cores
  of gold nanocages. It is also widely used in
  foaming agents which are used in surfactants
  (fatty alcohol sulfates ethoxy sulfates and
  ethoxylates) in detergent manufacturing.
  Moreover, huge quantities of the product are used
  as special solvents and fillers in insulating
  materials plasticizers for the construction
  industry.

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Competitive Market Share of Myristyl Alcohol
Market

• Pharmaceutical and chemical manufacturing
  companies are prime consumers of myristyl alcohol
  market. The prominent players operating in the
  business are KLK OLEO, Emery Oleochemicals,
  Ecogreen Oleochemicals, The Good Scents Company,
  Sigma-Aldrich, PG Chemicals and KAO Corporation.
  Other companies include Triveni Chemicals,
  Mosselman, Leonardo Biosystems Inc., GB
  Biosciences Corporation and many other small and
  medium scale companies. The key myristyl alcohol
  market share contributors in the industry are
  primarily focusing on tapping the enormous market
  potential of developing countries. These myristyl
  alcohol market share contributors are
  establishing huge production facilities to fulfil
  the rapidly increasing local product demand in
  these developing regions.

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