Tridecanol Market Size, Share & Trends Analysis Report By Product (Wetting agents, Surfactants, Emulsifiers), By End-Use Industry (Pharmaceutical Industry, CosmeticIndustry, Personal Care Industry, Textiles Industry, Chemical Industry) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

Tridecanol Market is Anticipated to Touch a CAGR of 7.1% During the Forecast Period (2023-2031).

Tridecanol, also known as tridecyl alcohol, refers to a compound that falls under fatty alcohols. It is a colorless solid or oily liquid with a mild pleasant odor, making it useful for different applications. These can further be classified under the category of isomers and called an isomer mixture and are found in solid form, which is explosive.

The physical characteristics of tridecyl alcohol include white color and low melting point, typically very close to the standard room temperature. It is produced with the help of hydrogenation of decanoic acid, which is found in considerate quantities in coconut oil and palm oil. These can also be synthesized with the help of ethylene and an aluminum catalyst. Due to its toxic and combustible nature, it should be handled with utmost care.

In addition to this, it decomposes upon burning and produces irritable fumes. Furthermore, it also reacts violently with other chemicals such as chlorides and anhydrides. Tridecanol can get absorbed in the body by inhalation of its fumes or skin contact. Due to its toxic properties, even short-term exposure to it can irritate skin and eyes, whereas high levels of tridecanol can severely affect the central nervous system. Moreover, long-term exposures may cause skin degradation. Apart from its toxic properties, it has characteristics that enable it to be used for different applications in various industries such as fragrance ingredients, emulsion stabilizers, viscosity controlling agents, conditioning agents, and pigment dispersers de-foaming agents, and many others.

Therefore, the global tridecanol market is likely to grow and have a broad scope during the forecast period owing to its wide range of applications. However, health and occupational hazards related to the compound may restrict the growth of this market because of the combustible nature.

Market Dynamics

Growing Textile and Apparel Industry to Boost the Market Growth

The textile and apparel industry's growth is expected to increase the demand for tridecanol in the market since it is employed as a surfactant and wetting agent in the textile industry. The fashion industry's ever-changing trends will further increase the demand for the global textiles and apparel sector due to changes in the taste of the consumers to keep themselves updated according to the ongoing trend. Furthermore, this industry's growth in developing nations due to urbanization and an increase in the young population who are more inclined towards ongoing fashion trends is also likely to boost the market.

As per the data shared by National Investment Promotion and Facilitation Agency (INVEST INDIA), the world's textile and apparel trade's market size stood at 823 USD Billion in 2018 and has grown by a GAGR of 4%. The global apparel market is currently estimated at 1.9 USD trillion, which is further expected to grow to 2.6 USD trillion at a 5% CAGR. Moreover, the increase in the penetration in the organized retail market will also promote the textile industry's demand, which will further increase the demand for trending fashion apparel and, therefore, the tridecanol market. The figure given below shows the apparel market size for the top 5 countries, projected to grow further in the future.

Table 1: Global Apparel Market Size of Top 5 Countries, USD Trillion, 2018-25

Regional Analysis

On the basis of geography, the Tridecanol market is categorized into North America, Europe, Asia-Pacific, Central and South America and the Caribbean, the Middle East, and Africa. The North American market is expected to hold the largest share during the forecast period due to the demand for personal care products and the pharmaceutical industry's growth. The personal care industry generated revenue of 4.8 USD billion in the U.S in the year 2018, according to the Personal Care Products Council, U.S, which shows the growth of this industry in this region.

Furthermore, the pharmaceutical industry's growth in this region due to increased spending on health and health-related products and other industries such as textile, drilling products, food, and beverages, etc. are also augmenting the growth of the global tridecanol market. According to the World Health Organization, global spending on health is continuously rising. It increased to 7.8 USD trillion in 2017, about 10% of GDP and 1,080 USD per capita, from US 7.6 USD trillion in 2016, which indicates the seriousness among the population regarding their health and an increase in the pharmaceutical sector due to this.

Moreover, improved standard of living and high disposable income of the population, and increasing population are also expected to increase the demand for tridecanol across different industries and applications, thus driving the market's growth.

The Asia-Pacific is expected to be the second-largest region in this market during the forecast period because of the presence of many developing economies like India and China, where the infrastructural developments are at a rise along with the growth of various industries due to the growing population as well as urbanization and industrialization.

Segmental Analysis

Product Analysis

Based on the product, the tridecanol market is categorized into wetting agents, surfactants, and emulsifiers. The surfactant segment is anticipated to hold the largest market share, owing to the increasing demand for cleaning agents. These are chemical compounds that help increase cleaning efficiency by modifying the lubricity of the water-based compositions. These surfactants help in reducing the surface tension between a solid and a liquid or between two liquids. These are made from natural vegetable oil and petrochemicals and perform much better in hot and hard water than in cold water.

Because of its unique properties such as biodegradability, conditioning properties, good detergency, mild behavior, hard water compatibility, and foaming properties, these can be used in a variety of products such as shower gels, liquid soaps, foam baths, conditioners, and many more which gives them an advantage over other products of tridecanol.

Furthermore, the advantages of surfactants such as applicability in a wide pH range, mild on the skin, etc. are increasing their demand. In addition to this, the rise in demand for cosmetics and personal care industries for sulfur-free products, harmless, and skin-friendly products will further increase the demand for these surfactants in the market thus, driving the growth of the global tridecanol market.

End-Use Industry Analysis

Based on the material end-use industry, the tridecanol market is categorized into the Pharmaceutical Industry, Cosmetic Industry, Personal Care Industry, Textiles Industry, and Chemical Industry. The personal care segment is likely to account for the maximum share during the forecast period. The growth can be attributed to the rise in the spending on personal care products due to changing lifestyles, awareness regarding the benefits of skin-friendly products like the ones which are sulfur-free, and an increase in the number of working women who are preferring more hygienic and healthy products. This spending has led to the growth of the personal care industry across the globe. According to the data shared by the Personal Care Products Council, the U.S, the personal care products industry, every year, generates a trade surplus and reached 4.8 USD billion in 2018. Furthermore, it also generated 3.9 million direct and indirect jobs in the U.S., which represents 1.9% of the total U.S. employment and USD 170.5 billion in labor income in the year 2018, which indicates the rapid growth of this industry. In addition to this, increasing demand for good cleaning agents that are not harmful to the skin and have hard water compatibility, good detergency, de-foaming properties, etc. is also expected to boost personal care products augmenting the market growth of the tridecanol market.

Impact of covid-19

The impact of COVID-19 has devastating effect across all industry vertical globally. The market of AI chipsets has witnessed declination in growth amid pandemic COVID-19 on account of affected supply chains and limited adoption of AI in various end-user industries in 2020 due to the lockdowns and shifting priorities of different industries. Moreover, many manufacturing company has temporarily stop business operation leading to damage the supply chain and industry. Thus, this leads to delay in adoption of Ai-based hardware and software products. However, Ed-Tech firms have deployed AI tools to enhance online learning and virtual classroom experience for students.

Thus from the above stats, it can say that AI chipsets is expected to witness growth during the forecast period on account of increasing adoption of online learning and virtual classroom adoption among educational institutions.

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