According to Research Report Insights (RRI) report, the global market for guerbet alcohols is set to cross US$ 1316 Million by 2024, expanding at over 5% CAGR. In addition, demand for 2-octyldodecanol is expected to be high during 2016 to 2024.
Higher consciousness about looks and beauty and growing demand for quality cosmetic products is expected to influence the market growth of guerbet alcohols worldwide. Consumers are willing to shell out money for high-end beauty products making them a part of their daily lives. Moreover, arrival of trendy multifunctional cosmetics in the market has been well appreciated by end-use consumers and is anticipated to receive higher popularity in the global market. This, in turn, is expected to support the overall market growth. The new categories of multifunctional cosmetic products are capable of rectifying some of the acutest skin blemishes and scars.
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These advanced products have extended functionalities such as anti-aging solutions, UV rays shielding, anti-oxidation, moisturizing and also help in skin cleansing. Guerbet alcohols are safer alternatives for other chemical cosmetic ingredient, therefore, they have gained higher preference amongst various cosmetic manufacturing companies. Essential qualities found in guerbet alcohols are helping them gain an edge over other cosmetic ingredients. Besides that, they possess excellent fragrance and are good flattening agents making them an apparent choice for cosmetic manufacturers across the globe. However, high-cost of guerbet alcohols production and requirement of intensive preparation procedures are two of the major negative factors are likely to inhibit the market growth over the forecast period. PMR indicates that the overall girth of the global market will grow during the projected period. Various positive trends are anticipated to drive the market growth.
The market is fragmented into various segments that are expected to play a crucial role in the shaping the market over the next few years. By product type, the 2-octyldodecanol segment will continue to grow at a significant rate. In addition, the segment is expected to account for a definitive share of the global market. The report also finds that the 2-octyldodecanol segment is set to represent for over 33% share of the market in terms of value, reflecting 6.7% CAGR over 2024.
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On the basis of end users, the personal & cosmetic care is expected to be the dominant segment of the market during the forecast period. In terms of revenues, the segment is projected to account for a significant share of the market between 2016 and 2024. Further, a modest expansion of the cosmetic market is likely to stimulate the production volume of guerbet alcohols. Demand for guerbet alcohols from the cosmetic industry is expected to be the highest. In terms of value, the cosmetic industry is expected to account for over 50% share of the market.
On the basis of region, the market in Europe is anticipated to present lucrative opportunities over the next couple of years. In 2016, the region is expected to account for over 26% share of the market, expanding at 5% CAGR over the forecast period. While North America is estimated to reach up to US$ 372.2 Million in revenues over 2024, witnessing 5.3% CAGR. The markets in the Asia Pacific (APAC) region will also witness a modest growth and present business opportunities cosmetic manufacturing companies over the forecast period.
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Key players operating in the global market for guerbet alcohols include DowPol Corporation, Sasol Ltd, New Japan Chemical Co., Ltd, BASF SE, Kokyu Alcohol Kogyo Co., Ltd, and Kisco Ltd
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Alcohol sensor market is expected to grow at a rate of 13.7% in the forecast period of 2021 to 2028.This market research report is extensive as well as object-oriented which has been formulated with the nice combination of an admirable industry experience, talent solutions, industry insight and most modern tools and technology.
The report has been produced by taking into account the market type, size of the organization, accessibility on-premises and the end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa.
This report gives precise information about market trends, industrial changes, and consumer behaviour etc.Alcohol SEnsor report helps disclose ambiguities that may happen due to changes in business activities or entry of a new product in the market.
Under market definition topic of this report, market drivers which indicate the factors causing rise in the market growth and market restraints which indicate the factors causing fall in the market growth have been explored.
The report also showcases important product developments and tracks recent acquisitions, mergers and research in the Alcohol SEnsor industry by the key players of the market.
This report not only works to compete but also to outshine the competition.Get Sample PDF of Alcohol SEnsor Market Report (including COVID19 Impact Analysis) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-alcohol-sensor-marketAlcohol Sensor Market Country Level AnalysisAlcohol sensor market is analysed and market size, volume information is provided by country, application, end-users and technology as referenced above.The countries covered in the alcohol sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).Key Players: Global Alcohol SEnsor MarketDrägerwerk AG & Co. KGaA, Abbott, Alcohol Countermeasure Systems Corp., AlcoPro., Giner Inc., Honeywell International Inc., Asahi Kasei Corporation, Intoximeters, Lifeloc Technologies Inc., Quest Products, Inc., Akers Biosciences, Inc., MPD, Inc., AK GlobalTech Corp., C4 Development Ltd., BACKtrack Inc., Sunrom Eelctronics, SENSEAIR, MGK SENSOR Co., Ltd., MEDICAL SENSORS INDIA PVT.
In the food and beverage industry, flavours are used in most of the raw materials. Flavours find application in food products such as confectionaries and bakery products as well as in other non-food products such as cigars and tobacco. For instance, hibiscus is being used across the alcoholic as well as the non-alcoholic beverages category in generic form or in blends as a cocktail. Floral flavours are included in a range of nutraceuticals and pharmaceuticals products including sports drinks, health drinks and health bars.
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Research Report Insights (RRI), in its report, offers key insights on the global floral flavour market for the period 2017 to 2027. FMI’s report estimates the global floral flavour market to expand at 7.8% CAGR and reach US$ 1,566 Mn by 2027-end.
The floral flavour market across the globe and particularly in the APEJ region is growing at a significant rate, attributed to increasing demand for floral flavours in products such as snacks, dairy, bakery, sponges, milkshakes, icings and fillings and biscuits. APEJ accounts for relatively high value share in the global food and beverages industry and this is expected to drive the growth of the floral flavour market in the region.
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In the food and beverage industry, flavours are used in most of the raw materials. Flavours find application in food products such as confectionaries and bakery products as well as in other non-food products such as cigars and tobacco. For instance, hibiscus is being used across the alcoholic as well as the non-alcoholic beverages category in generic form or in blends as a cocktail. Floral flavours are included in a range of nutraceuticals and pharmaceuticals products including sports drinks, health drinks and health bars.
Key players identified in the report include Givaudan S.A., Symrise AG, International Flavors & Fragrances Inc., Firmenich SA, Sensient Technologies Corporation, Takasago International Corporation, Frutarom Industries Ltd., Robertet SA, S H Kelkar and Company Limited, International Taste Solutions Ltd., Dohler GmbH, Blue Pacific Flavors, Archer Daniels Midland Company, Fona International, Inc., Jean Gazignaire S.A., Fleurchem Inc., Comax Flavors Abelei Inc., Teawolf Inc., and Mane SA.
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