Lauryl Myristyl Alcohol Market: A Look at the Industry's Growth and Future Prospects
The global lauryl myristyl alcohol market size reached USD 7.81 Billion in 2022 and is expected to register a revenue CAGR of 5.2% during the forecast period, according to latest analysis by Emergen Research. Rapid growth of manufacturing and chemical industries is one of the key factors driving revenue growth of the lauryl myristyl alcohol market. Growing consciousness for environmental sustainability coupled with high demand for bio-based products is a few of the major factors further attributing to revenue growth of the market. Lauryl myristyl alcohol is a white, waxy solid fatty alcohol derived from myristic acid. Myristic acid, named after nutmeg (Myristica fragrans), is also found in palm kernel oil and coconut oil, which are the principal sources of manufacturing. It is a mixture of fatty alcohols derived from coconut oil and is commonly used in combination with other ingredients to form creams, lotions, and other personal care products. Lauryl myristyl alcohol ...