Research Nester published a report titled “Fatty Alcohol Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers a detailed overview of the global fatty alcohol market in terms of market segmentation by type, chain type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
The global fatty alcohol market is estimated to attain a ~5.5% CAGR over the forecast period, i.e., 2022–2030. The market is segmented on the basis of application into personal care & cosmetics, plasticizers, lubricants, pharmaceutical, and others, out of which the personal care & cosmetic segment is projected to attain the largest share over the forecast period, on the back of rising demand for cleaning products, such as, shampoo, soap, and detergents, backed by increasing awareness amongst people for hygiene and sanitation.
The global fatty alcohol market is anticipated to grow on the back of increasing demand for surfactants, which are made using fatty alcohols. These are used in manufacturing various cleaning agents, including, soaps, surface cleaners, and detergents. Increasing need for these products post the covid-19 pandemic, along with the rising awareness amongst people regarding health and hygiene is further estimated to boost the market growth. Furthermore, surfactants made from natural fatty alcohols are non-toxic, and recyclable, and they do not cause pollution of the water bodies. This is another major factor expected to boost the market growth.
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Regionally, the global fatty alcohol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is projected to hold the largest market share over the forecast period, owing to the presence of large number of end-user industries, along with the presence of major manufacturers of fatty alcohol, backed by availability of cheap labor and raw materials in the region. Moreover, increasing international investment in the markets of developing countries, such as, India, China, Malaysia, Indonesia and others, is estimated to further fuel the market growth.
Growing Awareness for Personal Hygiene to boost the Market Growth
The covid-19 pandemic stressed on the necessity of washing hands and cleaning surfaces with soap and water to avoid virus transmission. This led to a massive raise in the demand for soaps and other cleaning agents. Fatty alcohols are used to manufacture surfactants, which are used to make detergents and soaps. Therefore, the growing demand for soaps is estimated to boost the global fatty alcohol market growth.
However, fluctuating process of raw materials are expected to operate as key restraint to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global fatty alcohol market which includes company profiling of Godrej Industries Limited, Kao Corporation, Musim Mas Group, Wilmar International Ltd., Shell International B.V., Emery Oleochemicals, Sasol Limited, VVF L.L.C., The Procter & Gamble Company, and Arkema group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fatty alcohol market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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