Lauryl Myristyl Alcohol Market Size to Reach USD 14.20 Bn by 2034

Vantage Market Research releases its latest comprehensive report on the ‘Lauryl Myristyl Alcohol Market’ with a forecast period of 2025-2034. In 2023, the global Lauryl Myristyl Alcohol (LMA) market size was USD 8.13 billion, and is calculated at USD 8.55 billion in 2024. The market is projected to reach USD 14.20 billion in 2034, and register a revenue CAGR of 5.2% over the forecast period (2025-2034).

Market Overview:

Growth of the global Lauryl Myristyl Alcohol (LMA) market is driven by factors such as rising demand for personal care and cosmetics products, high focus on natural and organic, and bio-based ingredients and products in the personal care industry and among consumers, and increasing use in in pH regulators, water treatment products, coating products, metal surface treatment products, laboratory chemicals, polymers, plasticizers, and resin additives. 

Lauryl Myristyl Alcohol (C12-14), also known 1-dodecanol, dodecyl alcohol and lauryl alcohol, is derived from natural sources such as coconut oil and palm kernel oil fatty acids and methyl esters by hydrogenation. Demand for lauryl myristyl alcohol as an organic-based product is increasing as opposed to products derived from petrochemical or synthetic sources. 

LMA is also widely used in production of industrial and domestic cleaning products, automotive lubricants and greases, in food and nutrition applications, plasticizers and polymer components, pharmaceutical formulation, water treatment, metal cleaning agents, textile and fabric processing, and others. It is used extensively in the manufacture of chemical intermediates, surfactants, oil-in-water emulsions ad emulsifiers, and thickening agent, and finds wide application across a wide range of products and industries. 

LMA is used in the manufacture of various personal care products including shampoos, soaps, lotions, creams, shaving gel, and hair colorant, and offers dual function as emollient or moisturizing agent, and as surfactant or foaming agent. This ingredient promotes smooth texture and rich lather, while stabilizing overall formula of products. Emollient properties of LMA softens and hydrates the skin and provides a conditioning effect. The surfactant function helps create a stable foam in products like shampoos and body washes. Lauryl myristyl alcohol is also versatile and blends well with other ingredients, and this positions it in high demand and appeal for a wide range of personal care products. 

Easy availability of raw materials and sustainability advantages, visibility of products in current day sales and marketing channels, rising awareness regarding the various benefits, low risks, safety, and advantages or natural ingredient-based products for personal grooming, appearance enhancement and skin care are other factors supporting growth of the market. In addition, easy and convenient accessibility to a wide range of products through online channels and e-commerce are expected to continue to support market growth. 

In the medical sector, lauryl myristyl alcohol serves as a solubilizer and stabilizer in pharmaceutical formulations, and plays a crucial role in evenly dispersing Active Pharmaceutical Ingredients (APIs) in both liquid and semi-solid dosage forms. Due to its inert properties and compatibility with various medicinal compounds, it is suited for applications in parenteral, topical, and oral medications. 

Increasing consumer focus on personal care, health, and grooming is driving demand for LMA, and the consumer base of premium skin and hair care products, child beauty care products, and color cosmetics is also expanding. Product manufacturers are also leveraging the trend towards sustainable and organic products and are increasing use of natural and bio-based ingredients.

Other key factors supporting demand for products include rapid urbanization, rising disposable income, and lifestyle changes in regions such as Asia Pacific, Latin America, and Africa, with demand for premium and organic products continuing to increase in developed regions and markets. Also, companies are competing and focusing on gaining an edge over rivals by adopting sustainable production practices, such as using renewable and organic raw materials, which align with focus on addressing environmental concerns. Some manufacturers are also focusing on developing bio-based versions of lauryl myristyl alcohol to cater to evolving demand. Furthermore, innovations focusing on skin-safe, hypoallergenic formulations to cater to health-conscious consumers such as sustainable palm oil sourcing, coupled with certifications Roundtable on Sustainable Palm Oil (RSPO) are enabling companies to create trust among consumers and add brand value.

Some Key Takeaways:

• Asia Pacific lauryl myristyl alcohol market is expected to continue to register fastest revenue growth rate, driven by rapid industrial growth, large consumer bases, and high  demand for personal care products. 
• China, India, and Japan lead among the other countries in APAC, supported by increasing disposable incomes, rapid urbanization, and expanding middle class consumer base.
• North America lauryl myristyl alcohol market accounted for over significantly large revenue share in the global market revenue share in 2023.
• In Europe, Germany, France, and the UK are major markets for lauryl myristyl alcohol and related products and applications.
• In Latin America, Brazil leads in terms of consumption of products and revenue share, supported by the growing cosmetics industry and high demand for various personal care products.
• The natural segment among the source segments is expected to account for largest revenue share over the forecast period.
• Among the type segments, the long-chain segment is expected maintain dominance in terms of revenue share over the forecast period.  
• The personal care segment among the application segments is expected to continue to lead in terms of revenue share over the forecast period.  
• The global lauryl myristyl alcohol market is highly competitive, with major players focusing on innovation, sustainability, and strategic collaborations to maintain their market position and expand consumer base. 

Company List:

• Wilmar International Ltd.
• Procter & Gamble (P&G)
• BASF SE 
• Kao Corporation
• Sasol Limited
• Arkema S.A.
• Eco Green Oleochemicals 
• VVF LLC
• Stepan Company
• Godrej Industries Limited (Chemicals)
• Kuala Lumpur Kepong Berhad (KLK)
• Dow Chemical Company
• Lubrizol Corporation
• Azelis Americas LLC
• Emery Oleochemicals LLC

Recent Development:

August 14, 2024: BASF and UPC Technology Corporation (UPC) formalized their long-standing partnership by signing a Memorandum of Understanding (MoU), and will advance regional cooperation with a focus on the supply of plasticizer alcohols and catalysts used in the production of phthalic anhydride (PA) and maleic anhydride (MA). Also, the partnership will prioritize sustainable initiatives aimed at reducing carbon emissions in their operations and product lines. UPC is a leading chemical company within the MiTAC-Synnex Group, and specializes in the production of plasticizers and phthalic anhydride, and has extensive manufacturing and operational facilities throughout Asia.

Lauryl Myristyl Alcohol Market Segmentation:

By Source:

• Petrochemical
• Natural 

By Type: 

• Long Chain
• Higher Chain
• Short-Chain
• Mid-Cut Chain

By Application:

• Industrial & Domestic Cleaning
• Personal Care & Cosmetics
• Lubricants
• Food & Nutrition
• Plasticizers
• Pharmaceutical Formulation
• Food and Nutrition
• Others

By End-Use Industry:

• Personal Care & Cosmetics
• Soaps and Detergents 
• Automotive 
• Textiles
• Petrochemicals
• Food and Nutrition
• Others
  • United States

Regional Segmentation: 

North America

• Canada
• Mexico

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Rest of Latin America 

Middle East & Africa

• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel
• Rest of MEA