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.
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Tridecanol Market Segmentation
By End-Use Industry
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now