N-Hexyl Alcohol Market to grow substantially with the highest CAGR by 2023Posted by Harish Somani on July 31st, 2018 About N-Hexyl Alcohol Market: It is an organic alcohol with six carbon chains and is miscible with ether and alcohol. The product finds application as a plasticizers precursor, chemical intermediate, odor agent, flavoring agent, inert ingredient, lubricant, additive, and processing aid, among others. N-hexyl alcohol is being increasingly used in pesticides, food & beverages, creams and lotions, fabric softeners, antiseptics, hypnotic drugs, and others.
Market Segmentation: The Global N-Hexyl Alcohol Market has been segmented by application, end-use industry, and region. Based on application, the market has been segmented into plasticizer precursor, chemical intermediate, odor agent, flavoring agent, inert ingredient, lubricant, additive, processing aid, fabric softener, and others. Based on end-use industry, the market has been divided into chemicals, food & beverage, cosmetics and personal care, pharmaceuticals, textiles, plastic, and others. Regional Analysis:The N-Hexyl Alcohol Market has been segmented, by region, into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Globally, Asia-Pacific accounted for the majority share of the N-hexyl alcohol market in 2017; the regional market is likely to witness significant growth during the review period. This can be attributed to the growing chemicals industry in developing nations such as China and India as a result of low manufacturing costs, easy availability of raw materials and labor, and lax environmental regulations. Additionally, the increasing demand for chemicals in the rapidly growing end-use industries such as automotive, construction, healthcare, and cosmetics and personal care is fueling the demand for N-hexyl alcohol. The rising popularity of packaged food products with changing lifestyles and growing working population is propelling market growth. The revenue earned from packaged food products has increased by approximately 36% in the last five years in the region.
Top Global Competitors:Some of the key players in the global N-hexyl alcohol market are Sasol Limited (South Africa), Sisco Research Laboratories Pvt. Ltd. (India), the Good Scents Company (US), Merck KGaA (Germany), Bharat Jyoti Impex (India), Alfa Aesar (US), Ecogreen Oleochemicals (Singapore), Zhejiang NHU Company Ltd, NHU (China), and Penta Manufacturer (US). Receive Sample Report @ Like it? Share it! More by this author |