[Online Quarterly Update] The Fatty Alcohol market witnessed a demand of 3.6 million tons in 2020 and is anticipated to grow at a healthy CAGR of 4.60% through the forecast period, 2030. Fatty alcohols are high molecular weight and long-chain alcohols, consisting of a chain of 3 to greater than 27 carbon atoms, derived from fats and oils. They are saturated or unsaturated, colorless oily liquids (for smaller carbon numbers), or waxy solid. Fatty Alcohols are both natural and petrochemical-based depending upon their source. Due to their amphipathic nature, Fatty Alcohols behave as non-ionic surfactants thus are mainly used in the production of detergents and surfactants. Fatty Alcohols are widely used as co-emulsifiers, emollients, thickeners, and solubilizing agents in the cosmetics, agriculture, textile, food, and pulp & paper industries. Also, alcohol surfactants are used as a lipophilic solubilizers in the pharmaceutical industry for lotions & ointments. About half of Fatty Alcohols used commercially, are naturally occurring, rest of them are synthetic.
Due to the COVID-19 pandemic, the Fatty Alcohol market is not much impacted like other industries as there is an upsurge in the demand for pharmaceuticals, personal hygiene, and sanitation products along with soaps and detergents amidst the COVID-19 pandemic, which consequently boosts the market for Fatty Alcohols. Moreover, rising environmental concerns are encouraging consumers to use eco-friendly products. Such factors are compelling chemical manufacturers to use bio-based raw materials to manufacture their products. Fatty alcohols driven from oleo-based feedstock are less toxic as well as recyclable and are preferred for producing cosmetics and personal care products in comparison with petrochemical based alternatives. Therefore, the inclination towards biodegradable and sustainable cosmetic products is further set to fuel the demand for Fatty Alcohols in the forecast period.
Region wise, Asia Pacific accounted for the major share of the Fatty Alcohol market globally, owing to rapid industrialization and the presence of a large consumer base in the region. Additionally, the high demand of surfactants for the manufacturing of personal care and cosmetic products in major economies like China, India, and Japan are positively influencing the demand for Fatty Alcohols. Moreover, Asian countries like Indonesia, China, Malaysia are the leading producer of fat and oil globally, coupled with the existence of a manufacturing hub of Fatty Alcohol and its derived products in the region are positively influencing the Fatty Alcohol market through 2030.
Europe and North America’s market for Fatty Alcohol grew at a significant rate in the historic years and is anticipated to grow at a promising rate in the forecast period due to the high demand for bio-based Fatty Alcohols, which are used in the production of cosmetics and personal care products.
Key players operating in the Fatty Alcohols market are Wilmar International Ltd., Emery Oleochemicals, Godrej Industries Limited, Procter & Gamble, SASOL, Air Liquide, ASF SE, P&G Chemicals Ltd., Ecogreen Oleochemical, Croda International Plc., Eastman Chemical Company, and Arkema SA.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast the Fatty Alcohol capacity, production, demand, inventory, and demand–supply gap globally.
• To categorize Fatty Alcohol demand based on Application, Type, region, and distribution channel
• To identify major customers of Fatty Alcohol globally.
• To evaluate and forecast Fatty Alcohol pricing globally.
• To identify and profile major companies operating globally Fatty Alcohol market.
• To identify major news, deals and expansion plans globally Fatty Alcohol market.
To extract data for Global Fatty Alcohol market, primary research surveys were conducted with Fatty Alcohol manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, Chemanol’s was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, chemicals analyzed various end user segments and projected a positive outlook for Global Fatty Alcohol market over the coming years.
ChemAnalyst calculated Fatty Alcohol demand globally by analyzing the historical data and demand forecast which was carried out considering the Application industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
• Fatty Alcohol manufacturers and other stakeholders
• Organizations, forums and alliances related to Fatty Alcohol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Fatty Alcohol manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the Global Fatty Alcohol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume in 2030
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3.6 million tons
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Growth Rate
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CAGR of 4.60% from 2021 to 2030
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Base year for estimation
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2020
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Historic Data
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2015 – 2019
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Forecast period
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2022 – 2030
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Quantitative units
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Demand in tons and CAGR from 2021 to 2030
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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By Type: (Natural Sources and Petrochemical Sources)
By Application: (Surfactants, Pharmaceuticals, Personal care & cosmetics, Lubricants, Agrochemicals, Food and others)
By Distribution Channel: (Direct/Institutional Sales, Other Channel Sales)
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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Wilmar International Ltd., Emery Oleochemicals, Godrej Industries Limited, Procter & Gamble, SASOL, Air Liquide, ASF SE, P&G Chemicals Ltd., Ecogreen Oleochemical, Croda International Plc., Eastman Chemical Company, and Arkema SA.
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com
