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Global Detergent Alcohol Market to Witness Increased Revenue Growth Owing to Rapid Increase in Demand
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Global Detergent Alcohol Material Market Dynamics
Detergent alcohols find their major application in household/ industrial detergents and cleaners, personal care products, plasticizers and processing aid, lube oil additive, oilfield chemical, water and wastewater treatment chemicals and others. With holistic growth in these end-use industries, demand for detergent alcohols is also expected to increase at proportionately high CAGR through 2026. The abundant availability of raw material and increase in use of the detergent alcohol in variety of new application is also expected to augment market of detergent alcohol both on the supply as well as demand side. Personal care segment, which include products such as soaps, shampoos, shower gels etc., is expected to witness high growth rate in the global detergent alcohol market between 2016 and 2026. Use of biodegradable and organic content is expected to be the main driving force for the use of detergent alcohols in personal care products.
Global Detergent Alcohol Market Segmentation
Global detergent alcohol market is segmented on the basis of raw material source, application and region.
On the basis of raw material source, global detergent alcohol market is segmented as:
Natural
Synthetic
On the basis of application, global detergent alcohol market is segmented as:
Household detergent
Industrial cleaner
Waste water treatment
Lubricant additive
Welding and fabrication work
Personal care product
Plasticizer and processing aid
Others
Global Detergent Alcohols Market: Regional Outlook
Geographically, the global detergent alcohol market is segmented into seven major regions which include North America, Latin America, Asia Pacific excluding Japan (APEJ), Japan, Western Europe, Eastern Europe and Middle East & Africa. Detergent alcohol finds its major application in consumer products. Due to high population and number of consumers, APEJ region is expected to hold a significant market share in the global detergent alcohol market. Besides, due to growing population and industrialization, APEJ detergent alcohol market is expected to registrar a high CAGR between 2016 and 2026. China is anticipated to remain a key consumer and producer of detergent alcohols in the global market.
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Global Detergent Alcohols Market Players
Some of the key players identified in the global detergent alcohol market include Sasol Limited, Kao Corporation, Kuala Lumpur Ecogreen Oleochemicals, Musim Mas Holdings, Royal Dutch Shell plc, VVF L.L.C., Kepong Berhad (KLK), Procter & Gamble, Emery Oleochemicals, Wilmar International Ltd and others.
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