Fatty Alcohol Market: Current Analysis and Forecast (2021-2027)

Report Description

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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 the 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 Application 2020

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Some of the key 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 facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, natural segment holds the major share”

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.

“Amongst chain type, long-chain segment holds the major share”

Based on chain type, the fatty alcohol market is segmented into the short-chain, long-chain, higher chain, and others The long-chain segment holds a considerable market share in the fatty alcohol market. Fatty alcohols are long-chain hydrocarbons (more than 10 carbon) containing a terminal –OH group and are used as surfactants, lubricants, cosmetics, pharmaceuticals, plastic polymerization agents, agricultural chemicals, and various other industries. Therefore, with a wide range of applications of fatty alcohol the market is expected to grow in the forecasted period.

“Amongst distribution channel, direct/institutional channel holds the major share”

Based on the distribution channel, the fatty alcohol market is bifurcated into direct/institutional sales and others. The direct sales segment holds an extensive market share in the fatty alcohol market. As fatty alcohol is a product that is used in different industrial products. Therefore, the growing manufacturing of industrial and domestic cleaning products direct/ institutional sales channel for fatty alcohol is expected to grow in the forecasted period.

“Asia Pacific represents one of the extensive market shares of global fatty alcohol market”

For a better understanding of the market dynamics of the global Fatty alcohol market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe, and the Rest of the 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. 

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global fatty alcohol market were the three major steps undertaken to create and analyze the adoption of fatty alcohol in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Fatty alcohol market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the fatty alcohol market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the fatty alcohol market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type, chain type, application, and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the fatty alcohol market. Further, we conducted factor analysis using dependent and independent variables such as growing demand from personal care and industrial & domestic application areas. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Fatty alcohol market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global fatty alcohol market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of fatty alcohol market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global fatty alcohol market in terms of the category offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global fatty alcohol market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, chain type, application, and distribution channel in the global Fatty alcohol market.

The main objective of the Global Fatty alcohol Market Study

The current & future market trends of the global Fatty alcohol market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the fatty alcohol market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, chain type, application, and distribution channel.
• Define and analysis of the regulatory framework for the fatty alcohol market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the fatty alcohol market for the major region.
• Major regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world.
• Company profiles of the fatty alcohol market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry