Fatty Alcohols Market by Global Demand, Supply and Pricing Strategy 2021 to 2030

The Global Fatty Alcohols Market size is estimated to be USD 2895.4 Kiloton in 2019 and is predicted to reach USD 4410.5 Kiloton by 2030 with a CAGR of 3.9% from 2020-2030.

The fatty alcohols are derived from fatty acids and forms the basic building blocks of products like shampoos, soaps, and cosmetics among others. They are colorless solid wax or oily liquids substances that are widely used in making cleaning products. Moreover, they are amphipathic in nature and act as non-ionic surfactants. Majorly, they are being used as thickeners, emulsifiers, emollients, and lubricating agents across various industries.

They act as non-ionic surfactants, due to their amphipathic in nature, and are broadly employed in cleaning products. They are used in detergents, plastics, cosmetics, pharmaceutical, and other industrial products. Moreover, as petrochemical-based fatty alcohols have adverse and severe effects, natural fatty alcohols witness high demand across the globe.

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Top Companies: Royal Dutch Shell PLC, Wilmar International Ltd, Kuala Lumpur Kepong Berhad (KLK), Sasol, Emery Oleochemicals, Godrej Industries Limited, Musim Mas Holdings, VVF Ltd and others.

Market Dynamics and Trends:

Rising demand for sustainable and biodegradable products on account of decreasing petrochemical dependence is anticipated to remain a significant factor driving the global market. Moreover, volatile prices of petrochemical derived products on account of supply-demand imbalances increase concerns for the chemical industry which has encouraged this shift towards bio-based chemicals industries. Growing concerns regarding the outcome of petrochemicals on the environment have provoked the use of sustainable, bio-based chemicals. To reduce reliance on petrochemicals and decrease carbon footprint, the market has shifted their attention towards biodegradable products and base chemicals development through bio-based raw materials. Hence, growing consumer preference for these products is projected to offer lucrative opportunities for the growth of the market. The instability in the raw material prices is challenging the growth of the market. However, surplus production of fatty alcohols leading to oversupply is hampering the market growth during the forecast period.

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Market Segmentations and Scope of the Study:

The global fatty alcohols market share is analyzed on the basis of product, application, and geography. On the basis of product, the market is segmented into C6-C10 fatty alcohols, C11-C14 fatty alcohols, and C15-C22 fatty alcohols. According to the application, the market is classified into the soaps & detergents, personal care, lubricants, amines, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and Rest of the World.

Geographical Analysis:

Growing availability of raw materials such as rapeseed, soy, and corn in Malaysia, China, and Indonesia and has forced chemical manufacturers to shift base from Europe and North America to invest in Asia Pacific. Regulations from agencies such as REACH concerning the environmental hazards related with petrochemical-based products are estimated to support the trend. More opportunities have been predicted to show up in the future because of the growing demand for hygiene products and increasing inclination toward bio-ingredient-based offerings. Thus, all of these factors could pamper players with promising opportunities in the fatty alcohols market.

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