Tridecyl alcohol market will be fueled by increasing demand for pharmaceutical products where it is used as an emulsifier. Global pharmaceuticals industry was valued at more than USD 1 trillion in 2016 and is experiencing a significant boost owing to the different government as well as UN initiatives to improve the healthcare facilities in developing and under developed countries. Increased awareness among the world population about the benefits of antibiotics and other such medicines and drugs will drive the pharmaceuticals industry which will in turn augment the tridecyl alcohol market.
Tridecyl Alcohol Market Size is expected to grow at a steady rate in the next seven years, propelled by the products demand in various end-user industries such as pharmaceuticals, cosmetic & personal care products and textiles processing.
Tridecyl alcohol, commonly known as tridecanol, is a compound that falls under the group of fatty alcohols. It is commonly found as a colorless solid or oily liquid having a mild pleasant odor. Tridecyl alcohol market will be chiefly driven by the growing demand for cosmetic & personal care products across the globe. The product is used in the cosmetics and personal care industry as an emulsion stabilizer, fragrance ingredient, conditioning agent, and viscosity controlling agent. The global cosmetics industry was valued at more than USD 290 billion in 2016 and is poised to grow at a healthy rate during the forecast period due to increased awareness about cosmetic products and rising income levels among consumers.
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Owing to higher income levels and lifestyle changes, demand for textiles and apparels are increasing at a substantial rate. This will also boost the tridecyl alcohol market in the coming years as the product is employed as a surfactant and wetting agent in textile industry. The global tridecyl alcohol market may be hampered due to health and occupational hazards associated with the compound. The product is combustible in nature and causes irritation in skin and eyes when it comes in contact. Prolonged exposure may lead to adverse effects on the central nervous system and cause skin degradation.
According to the application types, global tridecyl alcohol market is segmented as lubricants, surfactants and other applications such as additives, intermediates, etc. As a surfactant, the product is employed in detergents, cleaners and in textile processing and this application segment is expected to witness substantial growth in the coming years owing to increasing demand for cleaners and detergents. The lubricants segment of global tridecyl alcohol market will also grow at a steady rate as the product is used in synthetic lubricants due to its excellent wetting and emulsifying properties. The other applications segment includes the products use as a polymer additive and intermediate in plasticizers, agrochemicals etc. and this section is poised to grow at a steady rate in the coming years.
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North America is a significant market for the product due to high demand for pharmaceuticals from an already matured healthcare industry. Europe also has a substantial share of the tridecyl alcohol market due the presence of a well-developed cosmetics industry. Asia pacific is a high potential tridecyl alcohol market owing to the booming textiles industry in the region and fast developments in healthcare and pharmaceuticals sector. Improving economic condition and rising income levels will increase demand for cosmetic products and in turn will drive the tridecyl alcohol market growth in this region.
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Key players participating in the global tridecyl alcohol market are KH Neochem Company, EMCO Dyestuff, Clariant International AG, PI Chemicals, Alfa Chemistry, AK Scientific Inc, Biosynth, Aurora Fine Chemicals, IS Chemical Technology, AN PharmaTech Company, Sigma-Aldrich, Nanjing Kaimubo Pharmatech Company, Tractus, Finetech Industry Limited, and Tokyo Chemical Company.
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