Global 1-Octanol Market: Market Driver and Restraint
Applications of 1-Octanol are anticipated to create new business segments in the market. 1-Octanol is in use for a broad range of Chemical intermediates products such as metalworking fluids/rolling oils, cleaning agents & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. 1-Octanol application is developed towards a more active mode.
Manufacturers are exploring the potential of 1-Octanol in Cosmetics. Application of 1-Octanol in Flavor are gaining traction in the recent years. Recently, manufacturers have started using 1-Octanol in the Food area. Further, there are also potential uses in the areas of Pollution-free products.
Global 1-Octanol Market: Key Takeaways
· On the one hand, 1-Octanol manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
· Besides, they are trying to broaden the applications of 1-Octanol such as Food.
· Consumers are generally quick-change, to get or use newfangled products, better experience, better convenience and more quicker; to find and meet the needs of consumers, and exceeding expectation, better service.
Global 1-Octanol Market: Forecast by Nature
This segment includes Industrial Grade, Food Grade, etc. In terms of volume, Industrial Grade segment is expected to remain dominant in the global 1-Octanol market.
Global 1-Octanol Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China is the dominant market in the global 1, 2-Propanediol market in terms of value. The China1, 2-Propanediol market was estimated to be valued at US$ 54.06 Mn in 2017 and is expected to expand at a value CAGR of 5.6% over the forecast period. The Southeast Asia market is expected to expand at a robust rate of 5.4% in terms of revenue over the forecast period due to the steadily increasing production capacity for metalworking fluids/rolling oils products in this region.
Global 1-Octanol Market: Key Players
Kao Chem, Ecogreen Oleo, PTTGC, Musim Mas, Sasol, Basf, KLK Oleo, Emery, P&G Chem, VVF, Axxence, Auro Chemicals, Huachen Energy, Xiyingmen Oil, YouYang Ind, Liaoning Huaxing, etc. are the key vendors included in this report.
The market of 1-Octanol is very fragmented. Of the 2017 global market, the top 10 companies, all multinational, account for less than 0.6098 of sales. Kao Chem Chemical is by far the leader, followed by Ecogreen Oleo and PTTGC.A number of producers are in China, many small and domestic. However, there are also multinational producers that supply high-quality product to the export-oriented market.
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