NEW YORK, Feb. 28, 2024 /PRNewswire/ — The fatty alcohols market size is forecast to increase by USD 802.21 million between 2022 and 2027, accelerating at a CAGR of 2.85%. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report –Request a sample report
Technavio has announced its latest market research report titled Global Fatty Alcohols Market 2023-2027
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.85% |
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Market growth 2023-2027 |
USD 802.21 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.37 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
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Key countries |
US, China, France, Canada, and Germany |
Company Analysis
Company Landscape – The market is fragmented, with the presence of several global as well as regional companies. A few prominent companies in the market are AVRIL SCA, BASF SE, CREMER OLEO GmbH and Co. KG, Croda International Plc, Eastman Chemical Co., Ecogreen Oleochemicals PTE Ltd., Evonik Industries AG, Godrej and Boyce Manufacturing Co. Ltd., Jarchem Industries Inc., Kao Corp., Kuala Lumpur Kepong Berhad, Musim Mas Group, Sasol Ltd., Saudi Basic Industries Corp., Shell plc, Sime Darby Plantation Berhad, The Procter and Gamble Co., Timur OleoChemicals Malaysia Sdn. Bhd., VVF LLC, and Wilmar International Ltd. and others.
What’s New? –
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!
Company Offerings –
BASF SE: The company offers fatty alcohol such as Kolliwax CA.
Croda International Plc: The company offers fatty alcohol such as Crodocol C70.
Eastman Chemical Co.: The company offers fatty alcohol such as N Butanol, and N Propyl alcohol.
For details on the company and its offerings – Request a sample report
Segmentation Assessment
Segment Overview
The pure and midcut segment will account for a major share of the market’s growth during the forecast period. The market, featuring medium-length carbon chains, sees significant demand across industries like surfactants, lubricants, and plasticizers. Rising consumer preference for sustainability, along with growth in personal care, cosmetics, chemical, and pharmaceutical sectors, drives market growth. Post-pandemic industrial resurgence further boosts demand, offering promising prospects for producers and suppliers.
Geography Overview
By geography, the market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. APAC accounts for 46% of market growth, driven by high demand for cleaning products, particularly detergents, fueled by China and India’s large populations. Economic growth and environmental regulations propel demand for fatty alcohol, sustaining APAC’s market position amid burgeoning personal care and cosmetics sectors. For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report
Rising demand in cosmetics and personal care is poised for growth.
The market growth is fueled by the increasing usage of products like creams and lotions. Developed countries like Canada, the US, and France, as well as emerging markets in APAC, drive consumption due to rising disposable incomes. Overall, this trend is expected to drive significant growth in the market.
Primary Trend: Growing demand for biosurfactants
Fluctuating raw material prices is a significant challenge hindering market growth. Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a free sample report!
What are the key data covered in this Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies Technavio’s SUBSCRIPTION platform
Analyst Review:
The market plays a pivotal role in various industries such as home & personal care and surfactant-based industries. Particularly prominent in personal care & cosmetics and soaps & detergents, fatty alcohols are essential components in products like washing soaps, hand sanitizers, and more, especially during the coronavirus crisis.
Derived from fatty alcohol ethoxylates through the ethoxylation process, key variants like stearyl alcohol, oleyl alcohols, and lauryl alcohols exhibit distinct properties like cloud point, density, and viscosity. Amidst challenges like supply chain disruptions and volatile raw material prices, the market witnesses a shift towards bio-based fatty alcohol products to meet demands for sustainable and biodegradable solutions.
With rising disposable income driving expenditure on personal care, the future of the fatty alcohols market is intertwined with the dynamics of global consumer behavior and industry trends towards eco-friendly ingredients and oleochemicals. Download a Sample Report
Related Reports:
The green and bio-solvents market is estimated to forecast by USD 6,285.08 million, at a CAGR of 9.65% between 2022 and 2027.
The alcoholic drinks market is forecast to increase by 88.96 billion litres, at a CAGR of 5.66% between 2022 and 2027.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Sizes
Five Forces Analysis
Segmentation by Type
Segmentation by Application
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio