Detergent Alcohol Market: Overview
The detergent alcohol market is predicted to continue to chart significant growth rate over the forecast period of 2024 to 2030. This is because detergent alcohols and their derivatives find wide use for industrial cleaning applications. Detergent alcohol is derived both from natural or petrochemical sources, and due to its amphipathic nature it finds use in several industries including lubricant, industrial cleaning, and household detergent.
Natural detergent alcohols are obtained from a number of vegetable oils including palm kernel oil, mustard seed oil, and coconut oil.
The report on detergent alcohol market provides insightful information for the 2024-2030 forecast period for the said market. The report covers demand dynamics, growth indicators, and regional outlook of the detergent alcohol market for the 2024-2030 forecast period based on historical and current figures. Insights into winning growth strategies of prominent players along with their market share is valuable for a know-how of the competitive landscape of the detergent alcohol market.
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Detergent Alcohol Market: Competitive Landscape
The detergent alcohols market is moderately fragmented with the dominance of some large players. Key players in the market, namely BASF SE, SASOL, Kao Corporation, SABIC, Ecogreen Oleochemicals, Royal Dutch Shell, Procter & Gamble, and Godrej Industries hold maximum share in the detergent alcohol market
Key players are employing organic as well as inorganic growth strategies such as strategic alliances, joint ventures, and mergers and acquisitions. Such initiatives are aimed to serve rapid uptick in demand from industrial, household, and lubricant industry.
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Detergent Alcohol Market: Key Trends
Vast rise in applications of detergent alcohol in industrial detergents and cleaners, personal care products, lube oil additive, household detergents, plasticizers and processing aid, oilfield chemical, and water and wastewater treatment chemicals is fuelling the detergent alcohol market. Furthermore, rising use of fatty alcohols in household laundry detergents is providing new opportunities to detergent alcohol market.
Easy availability of raw materials for detergent alcohols resulting in their expanded applications is boosting the detergent alcohol market.
Besides this, detergent alcohols function as a derivative for numerous household cleaning products including hard surface cleaners and laundry detergents. Detergent alcohol is also used as a raw material in the manufacture of surfactants for dishwashing and clothing cleaning products, and other washing and cleaning products such as shampoos.
Furthermore, detergent lubricants – mostly the ones obtained from natural sources – are used as a raw material for plasticizers, lubricants, and stabilizers. Rising industrialization fostering demand for surface lubricants owing to their friction reducing properties will steer demand in the detergent alcohol market.
Industrial cleaner application within detergent alcohol market is anticipated to witness substantial gains in the forthcoming years. This is because detergent alcohol features hard surface and are hazardous areas cleaning properties, and thus used as an industrial cleaner in warehouses and factories. With exponential growth of the manufacturing sector, including manufacture of plastics and textiles demand for industrial cleaning products will foster growth in detergent alcohol market.
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Detergent Alcohol Market: Regional Outlook
Asia Pacific, among key regions is expected to lead the detergent alcohol market over the forecast period from 2024 to 2030. Key factors stimulating growth in the region are exploding population and rising adoption of detergent alcohol for industrial and domestic cleaning products. Further, detergent alcohol display surface tension reducing properties, thus used in the manufacture of cleaners, laundry detergents, and disinfectants.
North America is expected to continue to garner considerable share in the detergent alcohol market over the forecast period. Featuring lubricating properties, detergent alcohol is increasingly finding use in the expanding shale oil and gas production initiatives in the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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