Fatty Alcohols Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Fatty Alcohols Market Statistics 2028
Due to the COVID-19 pandemic, the global Fatty Alcohols market size is estimated to be worth US$ 7287.9 million in 2022 and is forecast to be a readjusted size of US$ 9991.8 million by 2028 with a CAGR of 5.4% during the review period. The Fatty Alcohols market is being driven in part by the rising demand for products made with naturally derived components and the expanding personal care sector.

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Fatty Alcohols Market Trends
Detergents and soaps, personal care and cosmetics, plasticizers, tastes and scents, and metalworking fluids are the main applications of fatty alcohols. In the coming years, the fatty alcohols market is expected to be primarily driven by growth in the personal care products and detergents & soaps industries.
In the formulations of personal care and home care products, fatty alcohols are among the most often utilized components. Numerous items, including shampoo, conditioner, shower gel, antiperspirant, and lipstick, include them. Many plants and animals contain fatty alcohols, mainly in the form of esters. Thus, the increasing use in personal care is expected to drive the growth of the Fatty Alcohols market
Fatty alcohols made from oleo-based feedstock are preferable to alternatives based on petrochemicals since they are not only recyclable but also less harmful to human health. As a result, they are used to make cosmetics and other personal care products. The demand for fatty alcohols is anticipated to rise over the course of the next term as a result of this trend toward biodegradable and ecologically friendly cosmetic goods. This factor is expected to further drive the fatty alcohol market growth.
It is widely known that a key element that has the potential to significantly increase the market in the near future is the growing need for surfactants in personal care products like conditioners, lipsticks, shower gel, and antiperspirants. Over the course of the research year, it is projected that the cost-effectiveness and intrinsic biodegradability of these products will fuel expansion in the natural fatty alcohol market.
Fatty Alcohols Market Share Analysis
Based on application, Soaps & Detergents, and Personal Care segments are expected to be the most lucrative. This is due to the increase in consumer awareness as well as an increase in the demand for hygiene goods on a global scale. It is projected that a shift in consumer preference toward the demand for bio-ingredient-based goods will drive the market for personal care products. The growing understanding of the possible toxicity produced by petrochemical products is the source of this preference change.
Based on region, Asia Pacific is expected to be the most lucrative region. This is due to an increase in per capita income in developing nations like China, India, and other Asian nations. People are searching for high-quality, user-friendly items as a result of the change in their lifestyles.

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Fatty Alcohols Market By Type
• C6-C10 Fatty Alcohols
• C11-C14 Fatty Alcohols
• C15-C22 Fatty Alcohols
• C23 Fatty Alcohols
Fatty Alcohols Market By Application
• Soaps & Detergents
• Personal Care
• Lubricants
• Amines
• Others
Fatty Alcohols Market By Company
• Sasol
• Wilmar International
• Musim Mas
• KLK OLEO
• VVF
• Godrej Industries
• Emery Oleochemicals
• Procter & Gamble
• Royal Dutch Shell
• Oxiteno
• Timur Oleochemicals
• Teck Guan
• Berg + Schmidt
• Oleon
• Global Green Chemicals Public
• Jarchem
• Cremer Oleo
• Kh Neochem
• Sabic
• Arkema
• New Japan Chemical
• Zhejiang Jiahua Energy Chemical
• BASF

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This release was published on openPR.