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Fatty Alcohols Market By Manufacturers, Type, Applications, Forecast 2023
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In a TMR market research publication, the global fatty alcohols market has been predicted to progress at a 5.1% CAGR during the forecast tenure 2015-2023. By the closure of 2023, the market could be valued at a US$5.48 bn. The product C11-C14 fatty alcohols has been foreseen to account for a staggering share in the foreseeable future. If the regional segmentation of the market is concerned, Asia Pacific could secure a top position in the market.
Rising Usage of Personal Care Ingredients Bodes Well
The world fatty alcohols market has been projected to testify an accelerated progress in terms of growth on account of the rising demand for cleaning agents such as detergents and increasing application of personal care ingredients. In the near future, there could be a surging engagement of fatty alcohols as emulsifiers and emollients in the production of personal care products. Applications such as lubricants, plasticizers, and flavors and fragrances have been foreseen to attract a sizable amount of revenue in the market. However, detergents and soaps could rank higher in the coming years because of their colossal demand in the industry.
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A number of fatty alcohol products have been forecast to be dependent on the personal care industry for their sales. For instance, the C15-C22 type of fatty alcohols could be engaged during the production of lubricant and moisturizer blending and bases. Other types of fatty alcohols such as C11-C14 could be mainly used in the production of sodium lauryl ether sulphate (SLES) and other primary foaming agents.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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