Fatty Alcohols Market is predicted to reach USD 8.44 billion by 2030 with a CAGR of 4.5% from 2021-2030

The Fatty Alcohols Market size was valued at USD 5.69 billion in 2020 and is predicted to reach USD 8.44 billion by 2030 with a CAGR of 4.5% from 2021-2030.

Fatty alcohols are similar to fatty acids and is produced either from a wide range of vegetable oils and fats or various petrochemical sources like ethylene. They are usually straight-chain primary alcohols with high-molecular-weight and number of atoms as few as 4–6 to as many as 22–26. Fatty alcohols are colorless oily liquids or waxy solids, and are amphipathic in nature. It acts as non-ionic surfactants and is majorly used as emollients, thickeners, emulsifiers, and lubricating agents in various skincare products. Fatty alcohols are also used in the production of detergents, cleaners, inks, cosmetics, personal care, plasticizers, pharmaceuticals, foods, and nutrition products.

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Competitive Landscape

The market is comprised of various players such as VVF LLC, KLK Oleo, Kao Corporation, Univar Inc, Sasol Limited, Royal Dutch Shell Plc, Berg+ Schmidt GmbH & Co. KG, Emery Oleochemicals, BASF SE, and P & G Chemicals. These manufacturers are aiming to develop unique products by conducting research and development activities. Some of the other manufacturers are trying to increase their production capacity for the manufacturing of fatty alcohols. For instance, in July 2019, Sasol Ltd., South Africa-based chemicals and energy company had opened a new fatty alcohols plant in eastern Chinese city of Nanjing. This new plant is the largest plant in China and has plans to double its alkoxylation production capacity to about 150,000 tons annually.

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Market Segmentations and Scope of the Study:

The fatty alcohol market size has been segmented based on product, type, source, application, and geography. Based on product, the market is classified into C6-C10 fatty alcohols, C11-C14 fatty alcohols, and C15-C22 fatty alcohols. Based on the type, the industry is classified into pure, midcut, long chain, short chain. Based on source, they are classified into tropical oils, animal fats, soft oils, and others. Based on application, the market is classified into soaps & detergents, cosmetics & personal care, food & beverages, pharmaceuticals, textile & leather processing, and others. The geography breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and ROW.

Geographical Analysis

Asia-Pacific region holds the lion share of fatty alcohol market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as growing demand for cosmetics, personal care, and surfactant products in this region. Also, countries like China, Japan, and South Korea have made significant contribution in strengthening the fatty alcohol market due to growing population, rising disposable income, and economic growth in these countries. Moreover, China being the hub of detergent and soap manufactures, is showcasing the rise in the domestic consumption. Furthermore, presence of major players such as KLK Oleo, Sasol Limited, Emery Oleochemicals, and P & G Chemical boost the market growth in this region.

However, second-largest market share is held by Europe due to prevailing strict regulations regarding the application of chemicals in detergents. In addition, North America is expected to show a steady rise in this market due to spike in the demand for surfactants as well as home cleaning products and sanitizers during the COVID-19 pandemic.

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