Press release
Fatty Alcohol Market Forecast: Rising Use in Detergents, Cosmetics & Pharmaceuticals Lucrative Growth USD 7.5Bn By 2030 | Most Leading Companies - Croda International plc, SASOL, Air Liquide, Emergy Oleochemicals, Arkema SA, Wilmar International Ltd
The Global Fatty Alcohol Market reached USD 5.0 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 7.5 billion by 2030. The market is growing at a CAGR of 5.1% during the forecast period (2024-2031)Fatty Alcohol Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Fatty Alcohol refers to a group of high-molecular-weight alcohols derived from natural fats and oils or synthesized from petrochemicals. These alcohols are widely used in personal care products, detergents, lubricants, and pharmaceuticals due to their emulsifying, moisturizing, and surfactant properties. Fatty alcohols play a crucial role in the production of cosmetics, soaps, and industrial applications, offering sustainability benefits when sourced from renewable materials.
List of the Key Players in the Fatty Alcohol Market:
Croda International plc, SASOL, Air Liquide, Emergy Oleochemicals, Arkema SA, Wilmar International Ltd., Kao Corporation, Kuala Lumpur Kepong Berhad, Procter & Gamble and Jarchem Industries Inc.
Industry Development:
On May 8, 2023, India's Ministry of Commerce, through the Directorate General of Trade Remedies, recommended an increased anti-dumping duty (ADD) on imports of all types of saturated fatty alcohol from Indonesia, Malaysia, and Thailand. The final ruling affects saturated fatty alcohols with chain lengths of C12-C18 and their mixtures, with C12-14 and C12-16 grades accounting for the majority of imports into India.
On March 30, 2023, a research team led by Prof. ZHOU Yongjin from the Dalian Institute of Chemical Physics (DICP) at the Chinese Academy of Sciences (CAS) successfully modified the yeast Ogataea polymorpha to efficiently produce fatty alcohols from methanol by integrating peroxisomal metabolism.
Growth Forecast Projected:
The Global Fatty Alcohol Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Fatty Alcohol Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Fatty Alcohol Market:
By Type: Cetyl Alcohol, Lauryl Alcohol, Stearyl Alcohol, Others
By Source; Natural Sources Petrochemicals
By Application: Surfactants, Industrial & Domestic Cleaning, Personal Care & Cosmetics, Lubricants, Pharmaceutical Formulation, Others
By End-User: Personal Care & Cosmetics, Pharmaceutical, Food Industry, Others
Regional Analysis for Fatty Alcohol Market:
The regional analysis of the Fatty Alcohol Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
âž¡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
âž¡ Top-down and bottom-up approach for regional analysis
âž¡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
âž¡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
âž What is the global sales, production, consumption, import, and export value of the Fatty Alcohol market?
âž Who are the leading manufacturers in the global Fatty Alcohol industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
âž What opportunities and challenges do vendors in the global Fatty Alcohol industry face?
âž Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
âž What are the key factors and limitations affecting the growth of the Fatty Alcohol market?
âž What are the various sales, marketing, and distribution channels in the global industry?
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