Global Fatty Alcohols Market was valued at USD 5.14 Bn in 2019 and is expected to reach at USD 7.79 Bn by 2027 at a CAGR of 5.34% over the forecast period 2020-2027.
The report covers an in- depth analysis of COVID 19 pandemic impact on Global Fatty Alcohols Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Fatty Alcohols Market Dynamics;
Fatty alcohols are aliphatic alcohols commonly derived from natural oil and fat found in animals and plants and are used in detergents, cosmetics, pharmaceutical etc. There are two processes by which fatty alcohols are produced one which is an oleochemical process based on natural oils and fatty acids, and the other is a synthetic process. Various factors such as growing use of fatty alcohols in controlling unwanted cholesterol in human body and various skin care products, increasing demand for fatty alcohols in the home & industrial cleaning process, easy availability of raw material and growing consumption of fatty alcohols in emerging countries of APAC, growing research and development on bio-based and renewable resources-based products, stringent regulations pertaining to use of petroleum-based lubricants are driving the market growth of global fatty acid market over the forecast period.
However, factors such as availability of substitute products, high cost associated with fatty alcohols, fluctuations in raw material prices, ambiguity about production methods of fatty alcohols, surplus production of fatty alcohols leading to oversupply and less adoption in many underdeveloped countries are restraining the market growth over the forecast period.
Global Fatty Alcohols Market is segmented by type, by application and by region. By type, pure and mid cut segment held highest market share in 2019 and is expected to keep its dominance over the forecast period owing to increasing use of fatty alcohols in manufacturing of personal care and cosmetics products. Mid cut segment is followed by Short chain and long chain type segment. By application, Industrial and domestic cleaning segment held the highest market share of 43.23% in 2019 and is expected to keep its dominance over the forecast period owing to growing demand for natural emulsifiers and surfactants in preparation cleansing products such as soaps & detergents. Industrial and domestic cleaning segment is followed by personal care and lubricants segment with xx% and xx% of market share respectively. Personal care application segment is expected to hold the second largest market share attributed to rising personal care products demand especially in emerging economies such as China, India, South Korea, Japan, and ASEAN. Moreover, growing awareness towards personal hygiene and care is expected to create lucrative opportunities for market over the forecast period.
By geography, global fatty alcohols market is segmented into North America, APAC, Europe, MEA& Africa and South Africa. Among all these, APAC held the highest of 38.78% market share in 2019 and is expected to keep its dominance over the forecast period. As standard of living is rising the personal care industry which includes soaps, shampoo and body lotions is flourishing in this region, which is mainly boosting the demand of fatty alcohols in this region. Factors such as increasing consumer preference towards organic products, growing soaps & detergents demand on account of population growth and changing lifestyle and increased disposable income are driving the market growth in this region over the forecast period. APAC is followed by North America and Europe. North America is expected to have the second largest market share over the forecast period owing to increasing stringent regulations pertaining to petroleum based products demand for fatty acid is increased in United States and Canada.
Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patent to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Fatty Alcohols Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Fatty Alcohols Market dynamics, structure by analyzing the market segments and project Global Fatty Alcohols Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Fatty Alcohols Market the report investor’s guide.
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Scope of Global Fatty Alcohols Market
Global Fatty Alcohols Market Segmentation by Type
• Short Chain
• Pure and Mid Cut
• Long Chain
• Higher Chain
Global Fatty Alcohols Market Segmentation by Application
• Industrial & Domestic Cleaning
• Personal Care
• Food & Nutrition
Global Fatty Alcohols Market Segmentation by Region
• North America
• MEA& Africa
• South America
Global Fatty Alcohols Market Major players
• BASF SE
• Croda International
• Eastman Chemical Company
• Kuala Lumpur Kepong
• Kao Chemicals
• Musim Mas
• Wilmar International Ltd (Singapore)
• Musim Mas holdings (Singapore)
• Godrej Industries Limited (India)
• Procter & Gamble (US)
• VVF L.L.C. (India)
• Sasol (South Africa)
• Emery Oleo Chemicals (Malaysia)
• Royal Dutch Shell Plc. (Netherlands)
MAJOR TOC OF THE REPORT
Chapter One: Fatty Alcohols Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Fatty Alcohols Market Competition, by Players
Chapter Four: Global Fatty Alcohols Market Size by Regions
Chapter Five: North America Fatty Alcohols Revenue by Countries
Chapter Six: Europe Fatty Alcohols Revenue by Countries
Chapter Seven: Asia-Pacific Fatty Alcohols Revenue by Countries
Chapter Eight: South America Fatty Alcohols Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Fatty Alcohols by Countries
Chapter Ten: Global Fatty Alcohols Market Segment by Type
Chapter Eleven: Global Fatty Alcohols Market Segment by Application
Chapter Twelve: Global Fatty Alcohols Market Size Forecast (2019-2026)
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Name: Vikas Godage
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