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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Asia Pacific is expected to be the fastest growing region for the myristyl alcohol market over the forecast period, followed by North America and Europe. India and China were the prominent users of the product in Asia Pacific owing to the growing presence of end-user industries in these countries. Moreover, increase in consumption of edible oils across the globe is expected to drive the myristyl alcohol market in next few years. Japan, Vietnam, Cambodia, Republic of Korea, Malaysia, Indonesia and Australia are Asia Pacific countries offering ample of future opportunities for the industry growth over the forecast period. Due to saturation of myristyl alcohol market size in North American and European countries, these regions are likely to exhibit slow-paced growth by Regional Analysis of Myristyl Alcohol Market :
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Myristyl Alcohol Market: Cosmetics was the major applications of myristyl alcohol market share in Other uses are in detergent and pharmaceutical industry. The product is extensively used as a chief ingredient in production of cold creams. It is used in cosmetics products in general as a fragrance ingredient. It is employed as an active intermediate in synthesis of sulfated alcohols. The product is also used in synthesis of temperature-controlled drug release systems which are based on phase alteration materials and as excipients in tropical, oral and parenteral pharmaceutical applications. Other uses of the product include synthesis of theranostic systems which have exclusive characteristics of photoacoustic imaging. The product has a key role in filling of hollow cores of gold nanocages. It is also widely used in foaming agents which are used in surfactants (fatty alcohol sulfates & ethoxy sulfates and ethoxylates) in detergent manufacturing. Moreover, huge quantities of the product are used as special solvents and fillers in insulating materials & plasticizers for the construction industry.
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Pharmaceutical and chemical manufacturing companies are prime consumers of myristyl alcohol market. The prominent players operating in the business are KLK OLEO, Emery Oleochemicals, Ecogreen Oleochemicals, The Good Scents Company, Sigma-Aldrich, P&G Chemicals and KAO Corporation. Other companies include Triveni Chemicals, Mosselman, Leonardo Biosystems Inc., GB Biosciences Corporation and many other small and medium scale companies. The key myristyl alcohol market share contributors in the industry are primarily focusing on tapping the enormous market potential of developing countries. These myristyl alcohol market share contributors are establishing huge production facilities to fulfil the rapidly increasing local product demand in these developing regions. Competitive Market Share of Myristyl Alcohol Market :
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