Octyl Alcohol Industry to Attain USD 8.9 Billion by 2033 with a Steady 2.9% CAGR
The octyl alcohol market size is projected to reach USD 6.7 billion in 2023. The market is likely to surpass USD 8.9 billion by 2033 at a CAGR of 2.9% during the assessment period.
Octyl alcohol, also identified as 1-octanol or caprylic alcohol, is a fatty alcohol with the chemical formula C8H18O. It is categorized as a primary aliphatic alcohol and is generally used in several industrial applications due to its multipurpose nature.
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