Growing Apparel and Textile Industry to Drive the Tridecanol Market Growth

Introduction

The demand for tridecanol is expected to grow due to the apparel and textile industry's growth as it is used as a surfactant or wetting agent in the textile industry. The continuous change in the fashion trends and taste of the consumers has increased the apparel and textile industry's growth, which will further drive the growth of the tridecanol market. Furthermore, rapid urbanization and a growing young population will also augment the demand for tridecanol, therefore driving the market's overall growth.

Impact of COVID-19

The COVID-19 outbreak is expected to restrict the growth of the tridecanol market in the near future. The spread of the noble coronavirus worldwide is continuously impacting the market negatively because of the restrictions on physical movements and forced lockdowns. This has further led to temporary shutdowns of various factories, bringing productions to a halt.

The pandemic has severely affected both the demand and supply side of the tridecanol market. The revenues have been continuously falling due to the closure of various stores. The decline in the demand because of the lockdowns has caused a double blow for this market. Moreover, a shift from purchasing lifestyle needs to daily needs is also expected to take place. Therefore, the players involved in this market are expected to see fluctuations.

Key Highlights

• The tridecanol market is expected to grow during the forecast period, owing to an increase in demand for apparel and textile industries and other industries. In addition to this, the growing disposable income and population are also promoting this market's growth.
• The surfactant segment is expected to hold the maximum share owing to the increase in demand for cleaning agents and skin-friendly products.
• The personal care industry is anticipated to hold the largest share due to the increase in demand for personal care products due to increased spending on personal care products and the increase in disposable income.
• The growth of the textile and apparel industry is projected to boost the global tridecanol market's market growth.
• North America is expected to observe a high growth rate in the tridecanol market due to the pharmaceutical industry's growth and personal care products.

Competitive Players

Key Players

• BASF SE
• KH Neochem Company
• Clariant International AG.
• Universal Preserv-A-Chem Inc
• EMCO Dyestuf
• PI Chemicals
• Alfa Chemistry
• AK Scientific Inc
• Biosynth
• Aurora Fine Chemicals
• IS Chemical Technology
• AN PharmaTech Company
• Sigma-Aldrich
• Nanjing KaimuboPharmatech
• Tractus
• Finetech Industry
• Tokyo Chemical Company

Recent Developments

Segmentation

Tridecanol Market Segmentation

By Product

• Wetting agents
• Surfactants
• Emulsifiers

By End-Use Industry

• Pharmaceutical Industry
• Cosmetic Industry
• Personal Care Industry
• Textiles Industry
• Chemical Industry

By Region

• North America
• Europe
• Asia-Pacific
• Central and South America and the Caribbean
• The Middle East
• Africa