PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339197
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339197
Octyl Alcohol Market Share, Size, Trends, Industry Analysis Report, By Product, By Application (2-Ethylhexanol, 1-Octanol, 2-Octanol), By Region, And Segment Forecasts, 2023 - 2032
The global octyl alcohol market size is expected to reach USD 8.23 billion by 2032, according to a new study by Polaris Market Research. The report "Octyl Alcohol Market Share, Size, Trends, Industry Analysis Report, By Product, By Application (2-Ethylhexanol, 1-Octanol, 2-Octanol), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing demand from various end-use sectors such as flavors & fragrances, pharmaceuticals, and the food & beverage industry primarily drives the industry's growth. Octyl alcohol, characterized by its colorless and highly viscous liquid form and distinctive odor, is widely utilized in various industrial and consumer applications. It belongs to the category of fatty alcohols, which can be derived from natural fats and oils or synthesized using ethylene as a raw material. Octyl alcohol has extensive applications in manufacturing plasticizers, surfactants, and solvents to produce various chemicals. Moreover, it is a flavoring agent in the food and beverage industry and is a crucial chemical intermediate in synthesizing pharmaceuticals, fragrances, & lubricating oils.
Octyl alcohol plays a significant role in producing plasticizers, additives incorporated into plastics to enhance their flexibility and durability. It is particularly utilized in manufacturing dioctyl phthalate (DOP), a widely used plasticizer in producing polyvinyl chloride (PVC). The growing demand for PVC in diverse industries, including construction, automotive, and packaging, has increased the need for octyl alcohol as a raw material. This trend is driven by the desire to enhance the properties and performance of PVC-based products to meet the specific requirements of various applications.
Octanol also finds application in producing surfactants, essential for personal care and cleaning products. It is a key raw material in synthesizing sodium lauryl sulfate (SLS), a widely used surfactant known for its excellent foaming and emulsifying properties. SLS is extensively utilized in formulating personal care products like toothpaste, shampoos, and face wash, where its ability to generate lather and effectively clean surfaces is highly valued. As the demand for these personal care products continues to grow, driven by increasing population, changing consumer preferences, and rising hygiene awareness, the demand for octanol as a precursor for SLS production is expected to experience significant growth in the foreseeable future.
Octyl Alcohol Market Report Highlights
2-Ethylhexanol segment garnered the largest share, due to its widespread usage in the production of plasticizers. Specifically, 2-EH-based plasticizers, such as dioctyl phthalate (DOP)
1-octanol expected to grow at the fastest rate, as it serves as a valuable source of raw materials for the creation of various fragrances, flavors, and aromas.
The global players include: Sasol, BASF, SABIC, Bharat Petroleum, KLK OLEO, Andhra Petrochemicals, Ecogreen Oleochemicals, Arkema, Axxence Aromatic, Liaoning Huaxing Group, and SRL.
Polaris Market Research has segmented the octyl alcohol market report based on application, and region:
Octyl Alcohol, Application Outlook (Revenue-USD Billion, 2019 - 2032)
- 1-Octanol
- Flavors & Fragrances
- Pharmaceutical
- Others
- 2-Octanol
- Flavors & Fragrances
- Agrochemicals
- Resins
- Others
- 2-Ethylhexanol
- Plasticizers
- 2-EH Acrylate
- 2-EH Nitrate
- Others
Octyl Alcohol, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Octyl Alcohol Market Insights
- 4.1. Octyl Alcohol Market - Industry Snapshot
- 4.2. Octyl Alcohol Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for pharmaceutical industry
- 4.2.1.2. Increasing disposable income and changing consumer preferences
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Fluctuating prices pf raw material
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Octyl Alcohol Industry trends
- 4.7. COVID-19 Impact Analysis
5. Global Octyl Alcohol Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 5.3. 1-Octanol
- 5.3.1. Global Octyl Alcohol Market, by 1-Octanol, by Region, 2019-2032 (USD Billion)
- 5.3.2. Flavors & Fragrances
- 5.3.2.1. Global Octyl Alcohol Market, by Flavors & Fragrances, by Region, 2019-2032 (USD Billion)
- 5.3.3. Pharmaceutical
- 5.3.3.1. Global Octyl Alcohol Market, by Pharmaceutical, by Region, 2019-2032 (USD Billion)
- 5.3.4. Others
- 5.3.4.1. Global Octyl Alcohol Market, by Others, by Region, 2019-2032 (USD Billion)
- 5.4. 2-Octanol
- 5.4.1. Global Octyl Alcohol Market, by 2-Octanol, by Region, 2019-2032 (USD Billion)
- 5.4.2. Flavors & Fragrances
- 5.4.2.1. Global Octyl Alcohol Market, by Flavors & Fragrances, by Region, 2019-2032 (USD Billion)
- 5.4.3. Agrochemicals
- 5.4.3.1. Global Octyl Alcohol Market, by Agrochemicals, by Region, 2019-2032 (USD Billion)
- 5.4.4. Resins
- 5.4.4.1. Global Octyl Alcohol Market, by Resins, by Region, 2019-2032 (USD Billion)
- 5.4.5. Others
- 5.4.5.1. Global Octyl Alcohol Market, by Others, by Region, 2019-2032 (USD Billion)
- 5.5. 2-Ethylhexanol
- 5.5.1. Global Octyl Alcohol Market, by 2-Ethylhexanol, by Region, 2019-2032 (USD Billion)
- 5.5.2. Plasticizers
- 5.5.2.1. Global Octyl Alcohol Market, by Plasticizers, by Region, 2019-2032 (USD Billion)
- 5.5.3. 2-EH Acrylate
- 5.5.3.1. Global Octyl Alcohol Market, by 2-EH Acrylate, by Region, 2019-2032 (USD Billion)
- 5.5.4. 2-EH Nitrate
- 5.5.4.1. Global Octyl Alcohol Market, by 2-EH Nitrate, by Region, 2019-2032 (USD Billion)
- 5.5.5. Others
- 5.5.5.1. Global Octyl Alcohol Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Octyl Alcohol Market, by Geography
- 6.1. Key findings
- 6.2. Introduction
- 6.2.1. Octyl Alcohol Market Assessment, By Geography, 2019-2032 (USD Billion)
- 6.3. Octyl Alcohol Market - North America
- 6.3.1. North America: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.3.2. Octyl Alcohol Market - U.S.
- 6.3.2.1. U.S.: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.3.3. Octyl Alcohol Market - Canada
- 6.3.3.1. Canada: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.4. Octyl Alcohol Market - Europe
- 6.4.1. Europe: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.4.2. Octyl Alcohol Market - UK
- 6.4.2.1. UK: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.4.3. Octyl Alcohol Market - France
- 6.4.3.1. France: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.4.4. Octyl Alcohol Market - Germany
- 6.4.4.1. Germany: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.4.5. Octyl Alcohol Market - Italy
- 6.4.5.1. Italy: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.4.6. Octyl Alcohol Market - Spain
- 6.4.6.1. Spain: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.4.7. Octyl Alcohol Market - Netherlands
- 6.4.7.1. Netherlands: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.4.8. Octyl Alcohol Market - Austria
- 6.4.8.1. Austria: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.5. Octyl Alcohol Market - Asia Pacific
- 6.5.1. Asia Pacific: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.5.2. Octyl Alcohol Market - China
- 6.5.2.1. China: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.5.3. Octyl Alcohol Market - India
- 6.5.3.1. India: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.5.4. Octyl Alcohol Market - Malaysia
- 6.5.4.1. Malaysia: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.5.5. Octyl Alcohol Market - Japan
- 6.5.5.1. Japan: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.5.6. Octyl Alcohol Market - Indonesia
- 6.5.6.1. Indonesia: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.5.7. Octyl Alcohol Market - South Korea
- 6.5.7.1. South Korea: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.6. Octyl Alcohol Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.6.2. Octyl Alcohol Market - Saudi Arabia
- 6.6.2.1. Saudi Arabia: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.6.3. Octyl Alcohol Market - UAE
- 6.6.3.1. UAE: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.6.4. Octyl Alcohol Market - Israel
- 6.6.4.1. Israel: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.6.5. Octyl Alcohol Market - South Africa
- 6.6.5.1. South Africa: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.7. Octyl Alcohol Market - Latin America
- 6.7.1. Latin America: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.7.2. Octyl Alcohol Market - Mexico
- 6.7.2.1. Mexico: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.7.3. Octyl Alcohol Market - Brazil
- 6.7.3.1. Brazil: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- 6.7.4. Octyl Alcohol Market - Argentina
- 6.7.4.1. Argentina: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. Sasol.
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. BASF
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. SABIC
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Bharat Petroleum
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. KLK OLEO
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Andhra Petrochemicals
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Ecogreen Oleochemicals
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Arkema
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Axxence Aromatic
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. Liaoning Huaxing Group
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
- 8.11. SRL
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Recent Development
List of Tables
- Table 1 Global Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 2 Octyl Alcohol Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 3 North America: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 4 U.S.: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 5 Canada: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 6 Canada: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 7 Europe: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 8 Spain: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 9 Netherlands: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 10 Austria: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 11 Germany: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 12 Italy: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 13 France: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 14 Asia Pacific: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 15 China: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 16 Japan: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 17 India: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 18 Indonesia: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 19 South Korea: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 20 Malaysia: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 21 Latin America: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 22 Brazil: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 23 Mexico: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 24 Argentina: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 25 Middle East & Africa: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 26 South Africa: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 27 Israel: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 28 Saudi Arabia: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
- Table 29 UAE: Octyl Alcohol Market, by Application, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Octyl Alcohol Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Octyl Alcohol Market, by Application, 2022 & 2032 (USD Billion)
- Figure 8 Octyl Alcohol Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 9 Strategic Analysis - Octyl Alcohol Market
