Fatty Alcohol Market Size, Trends In-depth Analysis, Research Report Forecast up to 2027: Wilmar International Ltd. and Emery Oleochemicals are key players

Fatty Alcohol Market is expected to grow at a CAGR of 18.83% to reach a market size worth US$24.821 billion by 2027.

The prime factors propelling the growth of the fatty alcohol market are increasing customer demand for products that are sustainable and favorable to the environment due to a decrease in petrochemical dependence.

As per the report, the market for fatty alcohol market is expected to grow at a steady pace.

Fatty alcohols, generated from natural fats and oils, are often straight-chain, high-molecular-weight primary alcohols, although they can also have anywhere from 4-6 to 22-26 carbons. The source determines the exact chain length. Lauryl, stearyl, and oleyl alcohols are a few of the crucial fatty alcohols in commerce. In addition, Fatty alcohols are inherently recyclable and have been used similarly to petrochemicals. They are also less costly than petrochemicals. The increasing availability of oilseed, an environmentally friendly raw material, promotes the synthesis of fatty alcohols. Fatty alcohol demand is also driven by rising home and personal care demand, which will extend market penetration.

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The fatty alcohol market has been categorized based on type, application, and geography.

By type, the market has been classified based on C6 to C10 fatty alcohol, C11 to C14 fatty alcohol, and C15 to C22 fatty alcohol. The C15-C22 category is anticipated to expand rapidly because of the growing demand for the personal care industry. With the rising disposable income rises, the demand for cosmetics, including shampoos, lotions, vanishing creams, and lipsticks, is also expanding.

Based on application, lubricants, personal care, food & nutrition, household cleaning, personal care, and other segments are under the fatty alcohol market. The personal care industry is expected to develop rapidly, and natural, plant-based acids and related compounds like fatty alcohol will witness an increasing adoption by different stakeholders. According to the Malaysian Palm Oil Council (MPOC), the American beauty and personal care sector is one of the most profitable personal care businesses internationally.

By region, the Asia Pacific region is expected to notice significant growth because of the growing awareness of the importance of preserving one's look and a substantial rise in disposable incomes are the two major factors propelling the Asia-Pacific cosmetics and personal care goods industry, which in turn is augmenting the fatty alcohol demand. According to the national investment promotion and facilitation agency of India, the current Indian beauty and personal care (BPC) industry which is now $15 billion, is increasing by 10% and will double by 2030.

Oleon NV, Wilmar International Ltd., Sasol, Musim Mas, Godrej Industries Ltd., Teck Guan Holdings, Kao Corporations, Emery Oleochemicals, and BASF are among the major players covered as part of the study.

This fatty alcohol market has been analyzed into the following segments:

• By Type

o C6 to C10 Fatty Alcohol
o C11 to C14 Fatty alcohol
o C15 to C22 Fatty Alcohol

• By Application

o Industrial & Domestic Cleaning
o Personal Care
o Lubricants
o Food & Nutrition
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Spain
• Others

o The Middle East and Africa

• Saudi Arabia
• UAE
• Others

o Asia Pacific

• China
• India
• South Korea
• Japan
• Others

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This release was published on openPR.