“Increasing demand from personal care and industrial & domestic cleaning applications will drive the overall growth of the fatty alcohols market.”
The global fatty alcohols market size is expected to grow from USD 5.4 billion in 2020 to USD 7.0 billion by 2025, at a CAGR of 5.2%, during the forecast period. It is driven by various factors, such as increasing demand for fatty alcohols from personal care, industrial & domestic cleaning, plasticizers, lubricants, and pharmaceutical formulation, among other applications. The growth of these industries is expected to further propel the growth of the market during the forecast period. However, factors, such as surplus production of fatty alcohols leading to oversupply,are likely to hinder the growth of the market.
Pure and mid – cutsegment is likely to drive the global market during the forecast period
The fatty alcohols market has been segmented on the basis of type as short-chain, pure & mid-cut, short-chain, and higher chain. The pure and mid-cut segment accounted for the larger share of the market during the forecast period. The market growth in this segment is attributed to their extensive use in manufacturing sodium laureth sulfate (SLS) and sodium lauryl ether sulfate (SLES), which are present in various personal care products such as soaps, shampoos, toothpastes, and others. These factors are expected to increase demand during the forecast period.
Industrial & domestic cleaning segment is expected to account for the largest market share during the forecast period
The industrial & domestic cleaning segment is growing rapidly owing to improved standards of living and an increase in the purchasing power parity of low-income groups in emerging economies such as APAC. Furthermore, the demand for industrial & domestic cleaning is increasing as it uses fatty alcohols as a foam controller, emollient, antistatic agent, and a pacifier in powders and liquid products, to maintain a healthier and safer environment.
APAC is expected to record the highest growth rate during the forecast period
APAC is expected to witness the highest growth rate during the forecast period due to significant developments in various end-use applications such as personal care, industrial & domestic cleaning, and pharmaceutical formulation.The growing population and economic growth in major countries, such as China, India, and Japan, and growing disposable income will also drive the market.Western Europe is projected to be the second-largest market during the forecast period.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the fatty alcohols market place.
- By Company Type – Tier 1: 30%, Tier 2:30%, and Tier 3: 40%
- By Designation – C-Level Executives: 30%, Directors: 50%, Others: 20%
- By Region – North America: 30%, Europe: 40%, APAC: 10%, Middle East & Africa: 10%and South America: 10%
The fatty alcohols market comprises major solution providers, such as Wilmar International Ltd. (Singapore), Kuala Lumpur Kepong Berhad (Malaysia), Musim Mas Holdings (Singapore), Godrej Industries Limited (India), Procter & Gamble (US), VVF L.L.C. (India), Sasol (South Africa), Kao Corporation (Japan), Emery Oleo Chemicals (Malaysia), and Royal Dutch Shell Plc. (Netherlands)among others. The study includes an in-depth competitive analysis of these key players in the fatty alcohols market, with their company profiles, and key market strategies.
Research Coverage:
The report covers the fatty alcohols market based on application, type, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the size of the overall fatty alcohols market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights into position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
