Fatty Alcohol Market Current Analysis and Forecast (2021-2027)

Fatty Alcohol Market Current Analysis and Forecast (2021-2027)

The global fatty alcohol market was valued at around 5.24 bn in 2020 and is expected to grow at a CAGR of around 5.2% during the forecast period (2021-2027). The fatty alcohol industry caters to considerable demand across the globe and is expected to have an influential market growth in the forecasted period. Factor such as favorable government initiatives in a quest to minimize dependency on petrochemicals coupled with a consumer shift towards organic personal care products is expected to drive the global fatty alcohols market over the forecast period. In addition, technological advancements coupled with increasing consumer preference for renewable chemicals are expected to create lucrative opportunities for market outlook.

Some of the key players operating in the market are 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, Arkema group. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, natural segment holds the major share”

Based on type, the fatty alcohol market is bifurcated into natural and petrochemical. The natural segment catered to significant demand in the fatty alcohol market. Fatty alcohols occur naturally in vegetable and animal sources. Vegetable oils serve as traditional sources of fatty alcohols are more popular in some applications than animal sources because of their high content in lauryl chains. These carbon chains are highly effective in detergents for cleaning.

“Amongst chain type, long-chain segment holds the major share”

Based on chain type, the fatty alcohol market is segmented into the short-chain, long-chain, higher chain, and others The long-chain segment holds a considerable market share in the fatty alcohol market. Fatty alcohols are long-chain hydrocarbons (more than 10 carbon) containing a terminal –OH group and are used as surfactants, lubricants, cosmetics, pharmaceuticals, plastic polymerization agents, agricultural chemicals, and various other industries. Therefore, with a wide range of applications of fatty alcohol the market is expected to grow in the forecasted period.

“Amongst distribution channel, direct/institutional channel holds the major share”

Based on the distribution channel, the fatty alcohol market is bifurcated into direct/institutional sales and others. The direct sales segment holds an extensive market share in the fatty alcohol market. As fatty alcohol is a product that is used in different industrial products. Therefore, the growing manufacturing of industrial and domestic cleaning products direct/ institutional sales channel for fatty alcohol is expected to grow in the forecasted period.

“Asia Pacific represents one of the extensive market shares of global fatty alcohol market”

For a better understanding of the market dynamics of the global Fatty alcohol market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe, and the Rest of the World. The Asia Pacific caters to a significant share in the fatty alcohol market. It is mainly due to the emerging economies like India, China, etc. there is an increase in per capita income of the people. This has led to a change in their lifestyle, and people are looking for quality of product and the ease of use of the products.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

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