What is Myristyl Alcohol?
Myristyl Alcohol is a straight-chain saturated fatty alcohol. It is a white transparent solid that is virtually insoluble in water. It is soluble in diethyl ether and marginally soluble in ethanol. It can be manufactured by the hydrogenation of myristic acid (or its esters), myristic acid can be found in nutmeg. It is also present in coconut oil and palm kernel oil. The majority of Myristyl Alcohol is produced from these oils. It may also be produced from petrochemical feedstock via either the Ziegler process or hydroformylation. As with supplementary fatty alcohols, Myristyl Alcohol is used as a component in cosmetics such as cold creams for its emollient properties. It is also used as an intermediate in the chemical fusion of other products such as surfactants. It keeps an emulsion from separating into its oil and liquid components. These ingredients are also used to alter the thickness of liquid products and increase foaming capacity or stabilize foams.
The market study is broken down by Type (>98.0% Myristyl Alcohol and >97.0% Myristyl Alcohol), by Application (Consumer Products (Blends, Detergents, Ethoxylation, Household Cleaners, Sulfonation, Surfactants), Flavors & Fragrances and Personal Care) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Myristyl Alcohol market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Croda International Plc. (United Kingdom), The Good Scents Company (United States), Alfa Aesar (United States), Sigma-Aldrich (United States), Medtronic (Ireland), KLK OLEO (Malaysia), KAO Corporation (Japan), Mosselman S.A.(Belgium), Sea-Land Chemical(United States), Emery Oleochemicals(United States) and VMP Chemiekontor (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are VVF L.L.C (United States), P&G Chemicals (United States), Lubrizol Corporation (United States), The Dow Chemical Company (United States) and Eco green Oleochemicals (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Myristyl Alcohol market by Type, Application and Region.
On the basis of geography, the market of Myristyl Alcohol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Myristyl Alcohol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Myristyl Alcohol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Grade, the sub-segment i.e. Technical Grade will boost the Myristyl Alcohol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Drums will boost the Myristyl Alcohol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
"An examination published by Toxicology and Applied Pharmacology in 1966 demonstrated Myristyl Alcohol to be a cancer-causing agent and cause skin tumors in numerous tests, however just in high dosages given to creatures, essentially mice. It's likewise been demonstrated to be an aggravation in creatures. Studies distributed in Contact Dermatitis in April and November of 2006, both done in Europe and both concerning patch testing and corrective hypersensitivities straightforwardly coming about because of Myristyl Alcohol found that it was an aggravation, yet just in patients with exceptionally touchy skin. It is endorsed by the FDA as a food added substance, and by the CIR for use in beautifiers (Cosmetics Database)."
Market Trend
- Increasing disposable income and marketing strategies
Market Drivers
- Rising Consumer Products Manufacturing Industries
- The wide range of application in various industries leads to an increase in the demand for myristyl alcohol
Opportunities
- The Growing use of consumers of personal care products further leads to an increase in the usage of myristyl alcohol in cosmetics.
Restraints
- Cosmetic allergies issue
- Fluctuation in prices of raw materials may hamper
Challenges
- Availability of substitutes
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Myristyl Alcohol Manufacturer, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.