Fatty Alcohol Market Size, Share & Trends Analysis Report By Type, By Application (Soaps & Detergents, Personal Care, Lubricants, Plasticizers Amines), By Region, And Segment Forecasts, 2024 - 2030

Fatty Alcohol Market Size, Share & Trends Analysis Report By Type, By Application (Soaps & Detergents, Personal Care, Lubricants, Plasticizers Amines), By Region, And Segment Forecasts, 2024 - 2030

Fatty Alcohol Market Growth & Trends

The global fatty alcohol market size is expected to reach USD 8.07 billion by 2030, according to a new study by Grand View Research, Inc. It is anticipated to register a CAGR of 5.7% from 2024 to 2030. Favorable government initiatives in a quest to minimize dependency on petrochemicals coupled with consumer shift towards organic personal care products is expected to drive global fatty alcohols market over the forecast period. Consistent supply of key raw material coupled with the price volatility is expected to a key challenge for market participants. Technological advancements coupled with increasing consumer preference for renewable chemicals are expected to create lucrative opportunities for market participants over the next seven years.

Soaps & detergents was the most dominant application segment and accounted for 54.6% of total market volume in 2014. Growing natural surfactants and emulsifiers demand in soaps & detergents industry is expected to fuel fatty alcohols demand in this segment over the forecast period. Personal care is expected to witness the highest growth of 4.6% from 2015 to 2022. Growing consumer preference towards organic personal care products is expected to increase penetration of fatty alcohols in this segment.

Fatty Alcohol Market Report Highlights

• Long chain accounted for the largest market revenue share of 38.9% in 2023. Long-chain fatty alcohols, with 14-22 carbon atoms, are in high demand due to their versatile applications as surfactants, emulsifiers, and emollients in personal care products and industrial cleaners.
• Soaps & detergents accounted for the largest market revenue share in 2023. Segment growth is driven by enhancements in living standards in developing economies and a growing focus on personal hygiene.
• Asia Pacific fatty alcohol market dominated the global fatty alcohols market with a revenue share of 40.1% in 2023.

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