[FURL=https://www.industryarc.com/Report/16034/dodecanol-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Dodecanol Market[/FURL] is forecast to reach $700 million by 2025, after growing at a CAGR of 5.2% during 2020-2025. Dodecanol is a saturated fatty alcohol with a sweet odor. It is an intermediate substance for the production of Dodecyl ethoxylates and Dodecyl sulfate salts. Surging use of dodecanol in automotive industries as fuel additives and lubricating oil formulation boosts the growth of Dodecanol market share. Furthermore, the growing personal and household care industry also drive the demand for Dodecanol, which in turn propels the market growth. Moreover, increasing demand from healthcare industries for disinfectants and cleaning products further augments the growth of Dodecanol market size.Key Takeaways
Rising popularity of electric vehicles and volatile prices of oil hampers the growth of the dodecanol market.
Lockdown and disruption of supply chain due to coronavirus pandemic also slowed the growth of dodecanol market.
Growing fashion trend and increasing health concerns globally is expected to drive the growth of this market.
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Dodecanol Market Segment Analysis - By Application
Based on the application, solvent segment holds the largest share of more than 25% in the dodecanol market in 2019. Dodecanol is used as a solvent in paint, coating and dyes to enhance the properties and adjust its viscosity. Increasing in construction activities across the world accelerate the use of paint and dyes, subsequently fueling the demand for dodecanol.
Dodecanol Market Segment Analysis - Geography
Asia Pacific holds the largest share in the dodecanol market with a share of more than 45% in 2019. The growing infrastructural development, rising per capita income of the individuals, higher domestic demand along with the availability of low-cost labor is expected to drive the demand for dodecanol in the region. Dodecanol is used as a fiber softener and anti-wrinkle agent in textile industries.
Dodecanol Market Drivers
Growing demand from agriculture industry
Dodecanols are extensively used in apple and pear orchards as a Lepidopteran pheromone/sex attractant and also disrupts the mating behavior of certain moths whose larvae destroy crops. Surging use of dodecanol from agriculture sector in the formulation of insecticides, pesticides, and plant metabolite drives the growth of the dodecanol market.
Dodecanol Market top 10 companies SIGMA-ALDRICH Corporation, Santa Cruz Biotechnology, Inc., Haihang Industry Co., Ltd., East Chemical Industry Co., Ltd, Symrise AG, Magna-Kron Corp., Chemos GmbH, Merck Schuchardt OHG, Leap Labchem Co., Ltd, Jinan Haohua Industry Co., Ltd., AK Scientific, Inc., Shanghai IS Chemical Technology Ltd., Seidler Chemical Co., Inc., CellMark USA, LLC and Mosselman S.A,
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