According to ChemAnalyst report, “Global Fatty Alcohol Market Analysis: Industry Market Size, Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, Type, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, The Fatty Alcohol market will likely experience a significant rise in the historic period of 2015-22 and is expected to grow at a CAGR of 4.74% during the forecast period by 2030. The rising demand from into Industrial & Domestic Cleaning, Personal care, Lubricants, Plasticizers, Pharmaceutical Formulations, and Food & Nutrition end-use industries, is expected to swell up the demand for the Fatty Alcohol market in the forecast period.
Fatty alcohols are high molecular weight and long-chain alcohols, consisting of a chain of 3 to greater than 27 carbon atoms, derived from fats and oils. Some of them are saturated or unsaturated, colorless oily liquids (for smaller carbon numbers), or waxy solids. There are various types of Fatty Alcohols depending upon the length of carbon chain present such as Lauryl Alcohol, Cetostearyl Alcohol, Cetyl Alcohol and Stearyl Alcohol. These are extensively used in various end use industries like Lauryl Alcohol is used as a wetting agent (for reducing surface tension in liquids) or as an emulsifier (in Paints and Coatings) as well as in Personal care and Cosmetics. Due to their amphipathic nature, Fatty Alcohols behave as non-ionic surfactants and thus are mainly used in the production of detergents and surfactants. Fatty Alcohols are widely used as co-emulsifiers, emollients, thickeners, and solubilizing agents in the cosmetics, agriculture, textile, food, and pulp & paper industries. Also, alcohol surfactants are used as lipophilic solubilizers in the pharmaceutical industry for lotions & ointments. Most of the Fatty Alcohols occur naturally and the rest of them are synthetic.
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The Industrial & Domestic Cleaning sector is the highest consumer of Fatty Alcohol. Fatty Alcohols owing to their amphipathic nature, act as non-ionic surfactants and hence, are mainly employed in the production of surfactants and detergents. It is predicted that during the forecast period, there will most likely be an increase in demand for products like soaps, detergents, and personal hygiene items that depend on fatty alcohol as a surfactant Additionally, people are being encouraged to use eco-friendly items with growing environmental concerns. Compared to alternatives based on petrochemicals, fatty alcohols are preferred for the production of cosmetics and personal care goods. Fatty alcohol also have a wide range applications in Personal Care & Cosmetics, Lubricants, Food, Household and Industrial Cleaning, Agriculture, Oil and Gas, Textile, Plasticizers, Automotive, and Pulp & Paper industries as solubilizing agent, co emulsifier, emollient, as well as thickener. As a result, the demand for fatty alcohols is expected to increase over the forecast period due to consumer preferences for sustainable and biodegradable cosmetic products.
The global Fatty Alcohol market is segmented based on type, end-use, sales channel, and region. Based on type, the Fatty Alcohol market is segmented into C6-C11 Fatty Alcohols, C12-C14 Fatty Alcohols, C14-C18 Fatty Alcohols, and Others. Among these, C12-C14 Fatty Alcohols are the most prominent ones and mostly find applications in the detergent sector as a solvent for producing detergents and other surfactants. Furthermore, the cosmetic and food industries employ C12-C14 Fatty Alcohol as an emulsifier, emollient, and thickener.
Based on the end-user industry, the Fatty Alcohol market is segmented into sectors like Industrial & Domestic Cleaning, Personal care, Lubricants, Plasticizers, Pharmaceutical Formulations, Food & Nutrition, and Others. Among these, Industrial & Domestic Cleaning is dominating the Fatty Alcohol market followed by the Personal care industry. In 2022, the Industrial & Domestic Cleaning industry consumed approximately 50% of the market. This industry is anticipated to dominate the global Fatty Alcohol market owing to the rising awareness and hygiene in countries all across the globe with rising per capita income.
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Regionally, the Asia Pacific region is dominating the Fatty Alcohol market followed by Europe. Asia Pacific held a market share of approximately 42% in 2022. Because of the strong demand from growing countries like China and India, the Asia-Pacific region dominated the global market. Industrialization and expanding the construction industry in developing countries like India and avorable government policies towards buildings & developing infrastructure would also boost the demand for Fatty Alcohol in the region.
“Global Fatty Alcohol Market Analysis: Industry Market Size, Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, Type, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030” Significant companies for Global Fatty Alcohol market are Royal Dutch Shell, BASF SE, Sasol SA, Kao Corporation, KLK Oleo, VVF (India) Limited, Godrej Industries Limited, Procter and Gamble, Zhejiang Jiahuam, Zhejiang Heng Xiang Chemical, Teck Guan, Sinarmas Cepsa Pte. Ltd., Musim Mas Holdings Pte Ltd, Oxiteno S.A. Indústria e Comércio, Emery Oleochemicals, and Others.
“Growing demand for Fatty Alcohol by various industries but mainly Industrial & Domestic Cleaning industry due to their excellent wetting properties is anticipated to primarily drive the Global Fatty Alcohol market in the forthcoming years. Due to rising environmental concerns, leading Fatty Alcohol manufacturers are aiming to shift from petrochemical driven Fatty Alcohol to bio-based Fatty Alcohol to reduce carbon footprint would extend potential prospects for the expansion of Fatty Alcohol market size in the forecast period by 2030. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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