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Lauryl Myristyl Alcohol Market

Lauryl Myristyl Alcohol Market Size, Share & Trends Analysis Report By Application (Industrial & Domestic Cleaning, Personal Care, Lubricants, Food & Nutrition, Plasticizers, Pharmaceutical Formulation, Others), By Source, By Type, By Region, And By Segment Forecasts, 2023-2031

Report ID : 2133 | Published : 2024-05-16 | Pages: 180 | Format: PDF/EXCEL

Lauryl Myristyl Alcohol Market Size is valued at USD 7.52 Bn in 2022 and is predicted to reach USD 10.80 Bn by the year 2031 at a 4.19% CAGR during the forecast period for 2023-2031.

Key Industry Insights & Findings from the Report:

  • Lauryl myristyl alcohol is extensively utilized in a variety of personal care products which includes shampoos and lotions. The growing demand for these goods is fueling the expansion of the lauryl myristyl alcohol market.
  • The increasing demand for environmentally-friendly products is a key driver for the growth of the Lauryl Myristyl Alcohol market.
  • North America dominated the market and accounted for a global revenue share in 2023.
  • High and fluctuating raw material prices are one of the key challenges facing the lauryl myristyl alcohol market.

Lauryl Myristyl Alcohol Market

Lauryl myristyl alcohol is a fatty alcohol commonly derived from natural oils. It has various applications, including use in cosmetics, pharmaceuticals, as a surfactant, emulsifier, and in industrial processes. It is valued for its emollient properties and ability to mix substances that don't naturally combine, such as oil and water. Growing per capita expenditure on cosmetic items and personal care, as well as rising demand for Lauryl myristyl alcohol from the paint and coatings and oil and gas industries, will likely fuel market expansion during the forecast period. The growing chemical and manufacturing sectors drive the global lauryl myristyl market alcohol. The broad range of applications in numerous industries drives up demand for lauryl myristyl alcohol. Consumers are utilizing more personal care items, which leads to a rise in the use of lauryl myristyl alcohol in cosmetics.

However, the Russia-Ukraine war and the post-COVID-19 pandemic may substantially impact the market for Lauryl Myristyl Alcohol. The current conflict between Russia & Ukraine may impair Lauryl Myristyl Alcohol manufacturing and supply lines, limiting the market growth.

Competitive Landscape

Some Major Key Players In The Lauryl Myristyl Alcohol Market:

  • VVF LLC
  • Lubrizol Corporation
  • Croda International Plc.
  • Dow Chemical Company
  • Eco Green Oleo chemicals
  • MSD OLEO FZC
  • Wilmar International Ltd.
  • Procter & Gamble
  • Wall Chemie GmbH
  • The Lubrizol Corporation
  • Azelis Americas LLC
  • Ecogreen Oleochemicals
  • BASF Care Creations
  • Godrej Industries Limited (Chemicals)
  • Others

Market Segmentation:

The Lauryl Myristyl Alcohol Market is segmented based on application, source, and type. According to application, the market is segmented as industrial & domestic cleaning, personal care, lubricants, food & nutrition, plasticizers, pharmaceutical formulation, and others. The source segment includes petrochemical and natural. The market is segmented by type into long-chain, higher-chain, short-chain, and mid-cut chain. 

As Per The Application, The Personal Care Segment Is A Major Contributor To The Lauryl Myristyl Alcohol Market. 

The personal care category will majorly share in the global Lauryl Myristyl Alcohol Market in 2022. This expansion can be due to increased demand for personal care goods. Furthermore, the ability of personal care to operate as an emulsion stabilizer and viscosity-increasing agent, allowing items to be spreadable and creamy, has increased its use in personal care and cosmetic goods such as lipstick, sunscreen, and moisturizer, among others. Furthermore, the industrial and home cleaning segment is likely to direct the market owing to the rising preference for natural oils over chemicals. 

The Natural Segment Witnessed Rapid Growth

The natural segment is projected to grow rapidly in the global Lauryl Myristyl Alcohol Market. This expansion can be linked to rising client demand for bio-based products. Natural sources of lauryl myristyl alcohol are environmentally friendly because they are sourced from plant-based sources such as coconut and palm oil. Palm and coconut oils. Fatty alcohols are also found naturally in animal and vegetable sources. Because of their great variety in lauryl chains, vegetable oils serve as traditional sources of fatty alcohol and are more prevalent in some applications than animal sources. As a result, these carbon chains are extremely beneficial in cleaning detergents. Furthermore, the petrochemical segment is expected to dominate the market due to rising customer demand for ecologically friendly and sustainable goods.

In The Region, The North American Lauryl Myristyl Alcohol Market Holds A Significant Revenue Share.

The North American lauryl Myristyl Alcohol Market is expected to record the maximum market share in revenue shortly. Owing to the increasing requirement in the food and cosmetic industries, North America dominates the lauryl myristyl alcohol market. Furthermore, the increasing prevalence of online retailing firms for chemicals and materials, particularly in emerging markets, is aiding expansion throughout the projection period.

However, the growing demand for lauryl myristyl alcohol in North America is due to its popularity in the cosmetics sector and its capacity to give various benefits, including increased foam stability, emollience, and viscosity control. Due to the rapid adoption of low-foaling detergents and cleaners, Asia Pacific is predicted to expand the fastest during the projection period. Furthermore, a tremendous increase in industrial production and chemical synthesis, particularly in China and the Indian subcontinental countries, is occurring.

Recent Developments:

  • In July 2023, Croda International Plc (‘Croda’) completed the acquisition of Solus Biotech, a global leader in premium, biotechnology-derived active ingredients for beauty care and pharmaceuticals, after receiving unconditional approval from South Korean regulatory authorities.

Lauryl Myristyl Alcohol Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 7.52 Bn

Revenue Forecast In 2031

USD 10.80 Bn

Growth Rate CAGR

CAGR of 4.19% from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Bn, Volume (KT) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Source, By Type, By Application,

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia

Competitive Landscape

VVF LLC, Lubrizol Corporation, Croda International Plc., Dow Chemical Company, Eco Green Oleo chemicals, MSD OLEO FZC, Wilmar International Ltd., Procter & Gamble, Wall Chemie GmbH, The Lubrizol Corporation, Azelis Americas LLC, PT. Ecogreen Oleochemicals, BASF Care Creations, Godrej Industries Limited (Chemicals), Others

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Lauryl Myristyl Alcohol Market Snapshot

Chapter 4. Global Lauryl Myristyl Alcohol Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Application Estimates & Trend Analysis

5.1. By Application, & Market Share, 2020 & 2031

5.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Application:

5.2.1. Industrial & Domestic Cleaning

5.2.2. Personal Care

5.2.3. Lubricants

5.2.4. Food & Nutrition

5.2.5. Plasticizers

5.2.6. Pharmaceutical Formulation

5.2.7. Others

Chapter 6. Market Segmentation 2: By Source Estimates & Trend Analysis

6.1. By Source & Market Share, 2020 & 2031

6.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Source:

6.2.1. Petrochemical

6.2.2. Natural

Chapter 7. Market Segmentation 3: By Type Estimates & Trend Analysis

7.1. By Type & Market Share, 2020 & 2031

7.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Type:

7.2.1. Long Chain

7.2.2. Higher Chain

7.2.3. Short-Chain

7.2.4. Mid-Cut Chain

Chapter 8. Lauryl Myristyl Alcohol Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Application, 2019-2031

8.1.2. North America Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Source, 2019-2031

8.1.3. North America Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Type, 2019-2031

8.1.4. North America Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) estimates and forecasts by country, 2019-2031

8.2. Europe

8.2.1. Europe Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Application, 2019-2031

8.2.2. Europe Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Source, 2019-2031

8.2.3. Europe Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Type, 2019-2031

8.2.4. Europe Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) by country, 2019-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Application, 2019-2031

8.3.2. Asia Pacific Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Source, 2019-2031

8.3.3. Asia Pacific Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Type, 2019-2031

8.3.4. Asia Pacific Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) by country, 2019-2031

8.4. Latin America

8.4.1. Latin America Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Application, (US$ Million) 2019-2031

8.4.2. Latin America Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Source, (US$ Million) 2019-2031

8.4.3. Latin America Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Type, (US$ Million) 2019-2031

8.4.4. Latin America Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) by country, 2019-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Application, (US$ Million) 2019-2031

8.5.2. Middle East & Africa Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Source, (US$ Million) 2019-2031

8.5.3. Middle East & Africa Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) By Type, (US$ Million) 2019-2031

8.5.4. Middle East & Africa Lauryl Myristyl Alcohol Market revenue (US$ Million) & Volume (KT) by country, 2019-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. VVF L.L.C

9.2.2. Lubrizol Corporation

9.2.3. Croda International Plc.

9.2.4. Croda International Plc.

9.2.5. Dow Chemical Company

9.2.6. Eco Green Oleochemicals

9.2.7. P&G Chemicals,

Segmentation of Lauryl Myristyl Alcohol Market-

Lauryl Myristyl Alcohol Market By Application-

  • Industrial & Domestic Cleaning
  • Personal Care
  • Lubricants
  • Food & Nutrition
  • Plasticizers
  • Pharmaceutical Formulation
  • Others

Lauryl Myristyl Alcohol Market Seg

Lauryl Myristyl Alcohol Market By Source-

  • Petrochemical
  • Natural

Lauryl Myristyl Alcohol Market By Type-

  • Long Chain
  • Higher Chain
  • Short-Chain
  • Mid-Cut Chain

Lauryl Myristyl Alcohol Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Lauryl Myristyl Alcohol Market Size?

Lauryl Myristyl Alcohol Market is expected to grow at a 4.19% CAGR during the forecast period for 2023-2031.

Azelis Americas LLC, PT. Ecogreen Oleochemicals, BASF Care Creations, Godrej Industries Limited (Chemicals), Others

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