[Online Quarterly Update] India Detergent Alcohol market demand stood at 0.93 Million Tonnes in FY2021 and is forecast to reach 1.64 Million Tonnes by FY2030, growing at a healthy CAGR of 6.51% until FY2030. The increase in the use of Detergent Alcohols to produce soaps and detergents is the major factor contributing to the growing demand for Detergent Alcohols. With rising awareness about the utilization of biodegradable and environmentally friendly substitutes, detergent manufacturing industries are focusing on producing detergent products that do not harm natural resources.
Moreover, with the rise in per capita incomes and rising urbanization, the demand for Detergent Alcohols in Personal Care Products has also witnessed a positive change. The demand for soaps and detergents with a substantial quantity of organic content has also been increasing. Detergent Alcohols not only find application in household detergents and industrial cleaners but have applications in welding and fabrication work. The use of Detergent Alcohols in lubricant additives is also on the rise with the rise in the number of machinery in every industrial sector. Additionally, with the rise in the number of industries and increasing effluent discharge in the water resources, the demand for cost-effective and less harmful Detergent Alcohols for wastewater treatment is also growing. These factors are anticipated to contribute towards the growth of the Detergent Alcohols demand in the forecast period.
Detergent alcohols are the fatty alcohol component that combines with chain length in the range of C12-C18. The manufacturing of detergent alcohol is done through both natural and synthetic resources. The natural extraction process involves extraction from oil, fats, and waxes of plants or animals. Whereas the synthetic process of obtaining the detergent alcohol involves petrochemical derivatives. Due to the outbreak of COVID-19 in FY2020, the world economy was disrupted. The market was affected drastically, and production and manufacturing units were shut down. Furthermore, the major market players intentionally halted the production keeping their employee’s health and wellness in mind. With imposed new regulations of the COVID-19 and proper precautions, the market is anticipated to regain its growth in the years to come. The pandemic is slowly being subsided and the effects are tried to be overcome by various methods. Once the market regains the full function of its production unit, the market is bound to show robust growth in the forecast period.
Years Considered for this Report:
Historical Years: FY2015 – FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 – FY2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast Detergent Alcohols capacity, production, demand, inventory, and demand-supply gap in India.
• To categorize Detergent Alcohols demand based on end use, region, and sales channel.
• To study trade dynamics and company share in India Detergent Alcohols market.
• To identify major customers of Detergent Alcohols in India.
• To identify and profile major companies operating in India Detergent Alcohols market.
• To identify major news, deals, and expansion plans in India Detergent Alcohols market.
Detergent alcohol prices declined by about 5 percent in 2020 on a y-o-y basis, due to reduced demand from downstream sectors in the Indian market.
The leading Indian manufacturers of Detergent Alcohols are VVF India Private Limited and India Glycols Limited.
The international players operating in Detergent Alcohols market are SABIC, Shell Global, P&G Chemicals, etc. With the rising demand, new international players are budding like Ecogreen Oleochemicals, Kao Corporation, etc.
To extract data for the India Detergent Alcohols market, primary research surveys were conducted with Detergent Alcohols manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Detergent Alcohols market over the coming years.
ChemAnalyst calculated Detergent Alcohols demand in India by analyzing the historical data and demand forecast was carried out considering end user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them 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:
• Detergent Alcohols manufacturers and other stakeholders
• Organizations, forums, and alliances related to Detergent Alcohols distribution
• Government bodies such as regulating authorities and policymakers
• 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 Detergent Alcohols 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 India Detergent Alcohol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Market, by End Use
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Polymer Processing, Personal Care Products, Plastics, Household & Industrial Cleaners
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Market, by Application
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Lubricant, Soaps and detergents, Wastewater Treatment and Cosmetics
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Market, by Sales Channel
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Direct/Institutional Sales, Retail Sales, Other Channel Sale
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Market, by Region
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North, West, East, and South
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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