Caprylic alcohol, also called octanol, is a colorless liquid with a penetrating odor. Caprylic alcohol is impermeable to water and its vapors are heavier than air. Caprylic acid is an alcohol that is often used as an intermediate in the chemical and pharmaceutical industries. Caprylic alcohol is used as an ingredient in the production of surfactants, conditioners and disinfectants, among others.
The market for caprylic alcohol was driven by chemical and pharmaceutical industry. Huge demand from chemical industry for caprylic alcohol as an intermediate is driving the market in past few years. Caprylic alcohol is used in anti-oxidants, detergents and plasticizers market. Cosmetics industry is another major outlet for caprylic alcohol where it is used as an ingredient in creams and ointments.
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It is also used as an intermediate in manufacturing of plasticizers. Caprylic alcohol also finds application in synthetic resins lubricants as an oil base and as emulsifiers in emulsion polymerization. Caprylic alcohol also finds applications in personal care and cosmetic products such as personal creams and ointments. Caprylic alcohol is used as a lubricant in metal rolling market.
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In terms of demand, Asia Pacific was the leading region in caprylic alcohol market in 2013. Asia Pacific is anticipated to be the fastest growing markets for caprylic alcohol due to increasing demand for detergents and cosmetics in this region. The market for caprylic alcohol in Asia Pacific was led by China. However, other Asian countries such as India, Japan and South Korea are likely to provide better opportunity for caprylic alcohol market owing to increasing consumption from pharmaceutical and chemical end-user industries. Asia Pacific was followed by Europe.
Some of the leading manufacturers of methyl salicylate present in the market are
- Azelis UK Life Sciences
- Charkit Chemical Corp.
- Creasyn Finechem (Tianjin) Co. Ltd.
- Kao Corp.
- Sasol Germany GmbH
- and TCI (Shanghai) Development Co., Ltd. among others.
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