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Fatty Alcohol Market Worth Around 10,078.8 Million USD and Showcase Approximately Lucrative CAGR of Around 6.67% In International Market Forecast Till 2023

Press release   •   Jul 08, 2019 16:30 IST

The Global Fatty Alcohol Market was valued at USD 6,880.2 million in 2017 and is estimated to reach USD 10,078.8 million by 2023 at a CAGR of 6.67% during the forecast period.

The new research from Ameco Research on Global Fatty Alcohol Market Report for 2023 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure of the quality of research.

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Global Fatty Alcohols Market: Information by Type (Pure and Midcut, Long Chain, Short Chain, and Higher Chain), Application (Detergents and Cleaners, Cosmetics and Personal Care, Lubricants, Plasticizer, Pharmaceuticals, Food & Nutrition, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2023

Synopsis of Global Fatty Alcohols Market
Fatty alcohols are high-molecular-weight, straight-chain primary alcohols. Fatty alcohols can be categorized into lauryl alcohol (C12), cetyl alcohol (C16), stearyl alcohol (C18), myristyl alcohol (C14), and behenyl alcohol (C22).
The demand for fatty alcohols is driven by their increasing applications in household and industrial cleaners, detergents, laundry softeners, textile coatings, mineral processing, and agricultural chemicals. Fatty alcohols are widely used in the cosmetics and personal care industry as emollients and thickening and cleansing agents as they help improve the viscosity of lotions and creams. Increased spending on cosmetics and personal care products, as a result of changing lifestyles, is driving the growth of the personal care industry in the developing nations and thus, fatty alcohols market.
Additionally, the use of chemicals in the manufacturing of detergents has an adverse impact on the environment when disposed into waterbodies. Thus, regulations against the use of chemicals in detergents have been imposed by governments across the globe, owing to which detergent manufacturers are increasingly using natural oils over chemicals, which is fueling the demand for fatty alcohols.
Furthermore, with the growing awareness among consumers about the benefits of liquid detergents as compared to detergent bars and powder detergents, the consumption of liquid detergents is increasing at a rapid pace in the rural areas of Asia-Pacific. This is likely to create significant opportunities for the players operating in the global fatty alcohol market during the review period.

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According to the analysis, the global fatty alcohols market is projected to register 6.67% CAGR to reach USD 10,078.8 million by the end of 2023. On the basis of type, the market has been divided into pure and midcut, long chain, short chain, and higher chain. The pure and midcut segment accounted for the largest market share and was valued at USD 3,093.6 million in 2017; it is expected to exhibit a CAGR of around 6.58% during the review period. These alcohols are used as emollient in detergents including light- and heavy-duty detergents, laundry pre-softeners, hard surface cleaners, and industrial cleaners. They are also used in metal processing, aluminum processing, leather and textile processing, pesticides, and soil conditioners, among others. The long chain segment accounted for the second-largest share of the global fatty alcohols market in 2017 and is expected to exhibit a CAGR of around 7.29% during the review period.
By application, the global market has been segregated into detergents and cleaners, cosmetics and personal care, lubricants, plasticizer, food and nutrition, pharmaceuticals, and others. The detergents and cleaners segment held the largest market share and was valued at USD 2,217.9 million in 2017; it is expected to reach USD 3,152.3 million by the end of 2023. The growth is attributed to the increasing demand for industrial cleaners on account of growing industrialization in the developing countries of Asia-Pacific and the Middle East & Africa. Additionally, the increasing demand for detergents manufactured using natural products is also expected to fuel the demand for fatty alcohols globally. The cosmetics & personal care segment accounted for the second-largest share of the global fatty alcohols market and is expected to register a CAGR of around 7.29% during the review period.

Regional Analysis

The global fatty alcohols market has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia-Pacific market dominated the global market with a share of 43.3% in 2017 and is expected to register a CAGR of around 7.2% during the forecast period. The market growth is attributed to the growing end-use industries, such as detergents, cosmetic and personal care, food & beverage, and plastics. China was the leading market in the region with a market share of 30.9% in 2017 owing to large presence of major end-use industries such as surfactants and cosmetics & personal care. Additionally, the increasing production of fatty alcohols in the South-East Asian countries due to the abundant availability of raw materials is also expected to drive the regional market growth.
The market in Europe accounted for the second-largest share in 2017 and is expected to grow at a CAGR of around 6.07% during the review period. The market growth is driven by increasing environmental regulations against the use of chemicals in detergents by the International Association for Soaps, Detergents, and Maintenance Products established by the European Commission.
The market in North America held a market share of 18.8% and is expected to reach USD 1,807.7 million by the end of 2023, owing to the large presence of established end-use industries in the region. The US held a healthy market share of 78% in 2017 and is expected to register 5.76% CAGR by the end of 2023.
The Middle East & African market was valued at USD 620.8 million in 2017 and is expected to register a CAGR of 6.93% during the forecast period. Turkey held the largest market share of 37.8% in 2017, owing to the growing demand for the product in major end-use industries, particularly in cosmetics and personal care.
The market in Latin America was valued at USD 549.8 million in 2017 and is expected to exhibit a steady CAGR of 6.53% during the review period. Brazil dominated the regional market and is expected to exhibit a healthy CAGR of 6.63% during the forecast period.
Segmentation
The global fatty alcohols market has been segmented based on type, application, and region.
Based on type, the global market has been divided into pure and midcut, long chain, short chain, and higher chain.
By application, the global market has been categorized into detergents and cleaners, cosmetics and personal care, lubricants, plasticizer, food and nutrition, pharmaceuticals, and others.
The global fatty alcohols market has been analyzed across five major regions, namely North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Key Players
The prominent players operating in the global fatty alcohols market include Univar Inc (US), KLK Oleo (Malaysia), VVF LLC (India), P&G Chemicals (US), Ecogreen Oleochemicals (Singapore), Kao Corporation (Japan), Sasol Limited (South Africa), Emery Oleochemicals (Malaysia), BASF SE (Germany), Royal Dutch Shell Plc (The Netherlands) Berg + Schmidt GmbH & Co. KG (Germany), Wilmar International Ltd (Singapore), Godrej Industries Ltd (India), and Arkema SA (France).

Geographic Analysis

The report covers a brief analysis of geographies including:
• North America
o US
o Canada
• Europe
o Germany
o Italy
o France
o Spain
o UK
o Russia
o Poland
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia & New Zealand
o Indonesia
o South Korea
o Thailand
o Malaysia
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Middle East & Africa
o Turkey
o Saudi Arabia
o UAE
o North Africa
o Egypt
o Rest of the Middle East & Africa

Key Findings

• As per analysis, the global fatty alcohols market was valued at USD 6,880.2 million in 2017 and is estimated to reach USD 10,078.8 million by 2023 at a CAGR of 6.67% during the forecast period.
• The pure & midcut type has emerged as the most promising segment, acquiring 45% of the global market in 2017; it is estimated to register a high CAGR of 6.58% during the forecast period.
• The detergents & cleaners application segment accounted for a 32.2% share of the global market and is projected to be the major revenue-generating segment, exhibiting a moderate CAGR of 6.13% during the forecast period.
• Asia-Pacific accounted for the largest market share in 2017 and is expected to register a CAGR of around 7.29% during the review period.
• The growth of global fatty alcohol market is primarily driven by increasing use in cosmetics and personal care products.
• The growing preference for powder and liquid detergents in the rural areas of Asia-Pacific owing to rising awareness among the consumers regarding the benefits of liquid detergents as compared to powder detergents is expected to create significant growth opportunities for the players operating in the global fatty alcohol market.
• However, fluctuations in the prices of raw materials used for manufacturing natural fatty alcohols have resulted in a demand and supply gap, which is projected to restrict market growth to some extent.

Intended Audience

• Fatty alcohol manufacturers
• Raw material suppliers
• Traders and distributors of fatty alcohols
• Production process industries
• Potential investors
• Government bodies
DC - Description
• fatty alcohol
• oleochemicals
• lauryl alcohol
• palm kernel oil
• stearyl alcohol
• long and short chain alcohols

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Fatty Alcohol Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Fatty Alcohol Market Research Report Forecast to 2023

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Rising Demand in Surfactant-Based End-Use Industries
4.2.2 Growing Personal Care Industry
4.2.3 Regulations Against the Use of Chemicals in Detergents
4.2.4 Drivers Impact Analysis
4.3 Restraints
4.3.1 Volatility in Raw Material Prices
4.3.2 Restraints Impact Analysis
4.4 Opportunities
4.4.1 Growing Preference for Liquid Detergents over Powder Detergents in Asia-Pacific
4.4.2 Raw Material Production in the Middle East Region
4.5 Challenges
4.5.1 Oversupply of Fatty Alcohols in Asia-Pacific
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Fatty Alcohol Manufacturers
5.1.3 Distribution Channel
5.1.4 Applications
5.2 Porter’s Five Forces Model
5.2.1 Threat of New Entrants
5.2.2 Threat of Rivalry
5.2.3 Threat of Substitutes
5.2.4 Bargaining Power of Suppliers
5.2.5 Bargaining Power of Buyers
6 Global Fatty Alcohol Market, By Type
6.1 Introduction
6.2 Pure and Midcut
6.3 Long Chain
6.4 Short Chain
6.5 Higher Chain
7 Global Fatty Alcohol Market, By Application
7.1 Introduction
7.2 Detergents and Cleaners
7.3 Cosmetics and Personal Care
7.4 Lubricants
7.5 Plasticizer
7.6 Pharmaceuticals
7.7 Food and Nutrition
7.8 Others
8 Global Fatty Alcohol Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Russia
8.3.4 FRANCE
8.3.5 Spain
8.3.6 Italy
8.3.7 Poland
8.3.8 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Australia & New Zealand
8.4.5 Indonesia
8.4.6 South Korea
8.4.7 Thailand
8.4.8 Malaysia
8.4.9 Rest of Asia Pacific
8.5 Latin America
8.5.1 Mexico
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Rest of Latin America
8.6 Middle East & Africa
8.6.1 Turkey
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 North Africa
8.6.6 Rest of Middle East & Africa
9 Competitive Landscape
9.1 Introduction
9.2 Global Market Strategy Analysis
10 Company Profiles
10.1 Univar Inc.
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products Offered
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.1.6 Key Strategies

10.2 KLK Oleo
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Products Offered
10.2.4 Key Developments
10.2.5 SWOT Analysis
10.2.6 Key Strategies
10.3 VVF LLC
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Products Offered
10.3.4 Key Developments
10.3.5 SWOT Analysis
10.3.6 Key Strategies
10.4 P & G Chemicals
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Products Offered
10.4.4 Key Developments
10.4.5 SWOT Analysis
10.4.6 Key Strategies
10.5 Ecogreen Oleochemicals
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Products Offered
10.5.4 Key Developments
10.5.5 SWOT Analysis
10.5.6 Key Strategies
10.6 Kao Corporation
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Products Offered
10.6.4 Key Developments
10.6.5 SWOT Analysis
10.6.6 Key Strategies
10.7 Sasol Limited
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Products Offered
10.7.4 Key Developments
10.7.5 Swot Analysis
10.7.6 Key Strategies
10.8 Royal Dutch Shell Plc
10.8.1 Company Overview
10.8.2 Financial Overview
10.8.3 Products Offered
10.8.4 Key Developments
10.8.5 Swot Analysis
10.8.6 Key Strategies
10.9 Emery Oleochemicals
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offered
10.9.4 Key Developments
10.9.5 Swot Analysis
10.9.6 Key Strategies
10.1 BASF SE
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Products Offered
10.10.4 Key Developments
10.10.5 SWOT Analysis
10.10.6 Key Strategies
10.11 Berg Schmidt GmbH & Co. KG
10.11.1 Company Overview
10.11.2 Financial Overview
10.11.3 Products Offered
10.11.4 Key Developments
10.11.5 SWOT Analysis
10.11.6 Key Strategies
10.12 Wilmar International Ltd
10.12.1 Company Overview
10.12.2 Financial Overview
10.12.3 Products Offered
10.12.4 Key Developments
10.12.5 SWOT Analysis
10.12.6 Key Strategies
10.13 Godrej Industries Ltd
10.13.1 Company Overview
10.13.2 Financial Overview
10.13.3 Products Offered
10.13.4 Key Developments
10.13.5 SWOT Analysis
10.13.6 Key Strategies
10.14 Arkema SA
10.14.1 Company Overview
10.14.2 Financial Overview
10.14.3 Products Offered
10.14.4 Key Developments
10.14.5 SWOT Analysis
10.14.6 Key Strategies
11 Conclusion
11.1 Key Findings

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