Guerbet Alcohol Market

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GUERBET ALCOHOL MARKET ANALYSIS

• Guerbet Alcohol Market, By Product Type
  (2-butyloctanol, 2-hexyldecanol,
  2-octyldodecanol, 2-decyltetradecanol,
  2-dodecylhexadecanol, Others), By End-use
  (Cosmetics Personal Care, Metal Processing,
  Detergents Cleaners, Others (Textile, Printing
  inks, Paper Pulp, etc.)), and By Region (North
  America, Latin America, Europe, Asia Pacific,
  Middle East and Africa) - Size, Share, Outlook,
  and Opportunity Analysis, 2019 - 2027

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• Guerbet alcohols are highly branched alcohols
  that have lower melting points than linear
  alcohols which makes them ideal for
  personal care, plastic molds, processing of
  paper, and metal lubrication application. Due to
  its low volatility, it is widely used for
  the production of liquid and lubricant
  derivatives. Moreover, it is also used as
  fattening agents and emulsion stabilizer across
  various end-user industries. This alcohol has
  excellent solvent properties for active
  ingredient composed of different
  chemicals. Furthermore, the cosmetic industry it
  is used to prepare antiperspirants, deodorants,
  and hair removal formulations.
• The global guerbet alcohol market is projected to
  reach US 1500 million by the end of 2027, in
  terms of revenue, growing at CAGR of 5.8 during
  the forecast period (2019 to 2027).
• Drivers
• Rising demand for guerbet alcohols due to its
  multifunctional cosmetics products such as
  cleansing, anti-aging, anti-oxidant, moisturizing
  and UV protection is expected to propel the
  market growth of guerbet alcohols. Moreover,
  guerbet alcohols also have a super fattening
  agent, perfuming agent, emulsion stabilizer,
  viscosity increasing agent, and binder property
  which is further anticipated to raise its demand
  from the cosmetic industry.

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• Market Restraints
• The high cost of guerbet alcohols due to
  comprehensive conversion during the dimerization
  process of alcohol is projected to hinder
  the market growth of guerbet alcohols. The
  production process of high purity guerbet
  alcohols is a multi-step process which
  includes oxidation of alcohol to aldehyde
  followed by aldol condensation, addition, and
  subsequent dehydration and which are then
  hydrogenated to saturate alcohol.
• Side-effects associated with the cosmetic product
  that incorporates 2-octyldodecanol as few tests
  have shown skin irritation is expected to hinder
  the market growth. Moreover, studies have also
  shown that application of 2-octyldodecanol based
  cosmetic products have led to irritation in the
  eyes. Aforementioned factors are expected to
  restrict the market growth of guerbet alcohols
  over the forecast period.

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Figure 1. Global Guerbet Alcohol Market, Revenue
Share (), By Region, 2018
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• Market Opportunities
• Growing metal processing industry where guerbet
  alcohols are used to produce metal lubricants is
  expected to offer lucrative opportunities for
  market growth over the forecast period. According
  to the India Brand Equity Foundation, India was
  the worlds second-largest steel producer with
  production standing at 106.5 metric tons in 2018.
  Indias steel production capacity has expanded to
  137.975 million tons in 2019. As of 2018, India
  is the worlds second-largest producer of crude
  steel.
• Booming paper and pulp industry where guerbet
  alcohols are used as defoamers is expected to
  foster the market growth of guerbet alcohols over
  the forecast period. According to The
  International Energy Agency, the paper and
  paperboard production growth rate accelerated
  to 2.3 in 2017, up from 0.7 during 2010?16, and
  demand is expected to continue rising to 2030 in
  the SDS, driven by population and economic
  growth. Therefore, the growing paper and pulp
  industry is expected to augment the market
  growth. 

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Figure 2. Global Guerbet Alcohol Market
Opportunity Analysis
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• Market Trends/Key Takeaways
• Increasing the focus of manufacturers to boost
  the production capacities of guerbet alcohols is
  expected to augment the market growth over the
  forecast period. For instance, in August 2019,
  Sasol announced a world-scale U.S. Ethane Cracker
  operation in order to provide feedstock to six
  new derivative units at Lake Charles multi-asset
  site. The ethylene produced in the facility will
  be used in six downstream plants on-site to
  produce a range of high-value derivatives
  including ethylene oxide, mono-ethylene glycol,
  ethoxylates, low density and linear low-density
  polyethylene, and Ziegler and Guerbet alcohols.
• Growing demand for lubricants and petroleum
  products is anticipated to foster the market
  growth of guerbet alcohols. Moreover, expanding
  the oil and gas industry is expected to augment
  the market growth of guerbet alcohols over the
  forecast period.

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Figure 3. Global Guerbet Alcohol Market, Revenue
Share (), By End-use, in 2018
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• Competitive Section
• Key players operating in the global guerbet
  alcohol market are BASF SE, Sasol Ltd, New Japan
  Chemical Co., Ltd., Kisco Ltd., Kokyu Alcohol
  Kogyo Co., Ltd., and DowPol Corporation

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