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.

According to Future Market Insights (FMI), the market is projected to exhibit an absolute dollar growth of USD 2.2 billion through 2033.

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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Octyl alcohol exists in diverse isomeric forms, of which primary octyl alcohol (1-octanol) is the most common and commercially important.

Octyl alcohol has a mild characteristic odor and is comparatively insoluble in water but soluble in organic solvents. Its exclusive combination of assets makes it useful in a wide range of applications in diverse sectors.

Octyl alcohol is used in the manufacturing of several pharmaceutical intermediates and as a raw material for the synthesis of perfumes. It is likewise found in cosmetics and personal care products, counting lotions, creams, and shampoos, where it acts as an emollient, thickener, and emulsifier.

Octyl alcohol is the key raw material in the production of plasticizers, an additive that enhances the flexibility and machinability of plastics. It is commonly used in the synthesis of plasticizers such as dioctyl phthalate (DOP), which is used in the production of soft PVC products.

The characteristic odor of octyl