Feb 22, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the N-hexyl Alcohol Market.
It was estimated prior to this unanticipated outbreak that the N-hexyl Alcohol Market is likely to witness an impressive CAGR of 4.2% during the forecast period. Growing food & beverage industry in emerging economies, rapid growth in personal care industry in Asia-Pacific, and rising pharmaceutical industry in North America are some of the major factors expected to fuel the n-hexyl market growth over the forecast period.
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N-hexyl alcohol is basically a toxic-free, colorless liquid whose flash point is 149?F, and the vapors formed by it are heavier as compared to air.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Segment Analysis
Based on the end-user type, the market is segmented as chemical, food & beverage, personal care, pharmaceutical, and others. The chemical segment is estimated to account for the major share of the market during the forecast period on account of its wide range of applications such as lubricant additive, inert ingredients, and chemical intermediate, fueling the segment growth.
Based on the application type, the market is segmented as plasticizer precursor, chemical intermediate, odor agent, inert ingredient, lubricant, and others. Plasticizer precursor is estimated to witness rapid growth in the market over the forecast period owing to its extensive utilization in producing wrapping material across various end-user industries including food & beverage, pharmaceutical, and personal care industry.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market on account of increasing socio-economic factors, resulting in an increased growth rate of the personal care, food & beverages, and pharmaceutical industries in the regional market during the forecast period. Moreover, Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Key players operating in the global N-hexyl Alcohol market are-
- Alfa Aesar
- Chengdu Yanxi Chemical Co.
- Eco-green Oleochemicals
- Haihang Industry Co., Ltd.
- Merck & Co., Inc.
- Nanjing Chemical Material Co., Ltd.
- Penta International Corporation
- Sasol Limited
- Sisco Research Laboratories Pvt. Ltd.
- TCI Chemicals Pvt. Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The N-hexyl Alcohol analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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