The global fatty alcohol market is expected to foresee significant growth. The Asia Pacific to lead the growth!
- Himanshu Patni
- April 6, 2022
- CHEMICAL, NEWS
- Fatty Alcohol Market, Fatty Alcohol Market growth, Fatty Alcohol Market share, Fatty Alcohol Market size, Fatty Alcohol Market trends
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The global fatty alcohol market was valued at around 5.24 bn in 2020 and is expected to grow at a CAGR of around 5.2% during the forecast period (2021-2027). The fatty alcohol industry caters to considerable demand across the globe and is expected to have an influential market growth in the forecasted period Factor such as favorable government initiatives in a quest to minimize dependency on petrochemicals coupled with a consumer shift towards organic personal care products is expected to drive global fatty alcohols market over the forecast period. In addition, technological advancements coupled with increasing consumer preference for renewable chemicals are expected to create lucrative opportunities for market outlook.
Fatty alcohol ethoxylates are non-ionic surfactants that are widely consumed in detergents used for domestic and industrial applications. Ethoxylates are products formed from the ethoxylation process. In this process, natural or synthetic fatty alcohol groups, such as stearyl alcohol, oleyl alcohols, and lauryl alcohols, react with ethylene oxide to form ethoxylates. All these fatty alcohol products differ in physical properties in terms of cloud point, density, viscosity, and flashpoint, which depend on the degree of the ethoxylation process from which they are derived.
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Fatty alcohol has risen in surfactant-based industries, such as personal care & cosmetics and soaps & detergents. In addition, due to the COVID-19 outbreak, there is increased awareness regarding the use of home care and personal care products. The demand for surfactant-based products, such as detergents and washing soaps, has risen significantly. Hence, positively influenced the demand for the fatty alcohol market.
Based on type, the fatty alcohol market is bifurcated into natural and petrochemical. The natural segment catered to significant demand in the fatty alcohol market. Fatty alcohols occur naturally in vegetable and animal sources. Vegetable oils serve as traditional sources of fatty alcohols are more popular in some applications than animal sources because of their high content in lauryl chains. These carbon chains are highly effective in detergents for cleaning.
Based on application, the fatty alcohol market is segmented into surfactants, foods, lubricants, pharmaceuticals, and others. The surfactant segment holds an extensive market share in the fatty alcohol market. It is mainly due to the demand for industrial & domestic cleaning is increasing. Since surfactants are compounds used in an array of cleaning products for their ability to lower the surface tension of water, in essence making the molecules slipperier, so they are less likely to stick to themselves and more likely to interact with oil and grease.
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For a better understanding of the market adoption, the report provides detailed analysis for major regions and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. The Asia Pacific caters to a significant share in the fatty alcohol market. It is mainly due to the emerging economies like India, China, etc. there is an increase in per capita income of the people. This has led to a change in their lifestyle, and people are looking for quality of product and the ease of use of the products.
Some of the major players operating in the market are Godrej Industries Limited, Kao Corporation, Musim Mas Group, Wilmar International Ltd., Shell International B.V., Emery Oleochemicals, Sasol Limited, VVF L.L.C., The Procter & Gamble Company, Arkema group. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Fatty alcohol Market Segmentation
Market Insight, by Type
Market Insight, by Chain Type
• Short Chain
• Long Chain
• Higher Chain
Market Insight, by Application
Market Insight, by Distribution Channel
- Direct/Institutional Sales
- Other Channel Sales
Market Insight, by Region
- North America Fatty Alcohol Market
- United States
- Rest of North America
- Europe Fatty Alcohol Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Fatty Alcohol Market
- Rest of Asia-Pacific
- Rest of World Fatty Alcohol Market
Top Company Profiles
• Godrej Industries Limited
• Kao Corporation
• Musim Mas Group
• Wilmar International Ltd.
• Shell International B.V.
• Emery Oleochemicals
• Sasol Limited
• VVF L.L.C.
• The Procter & Gamble Company
• Arkema group