The global Fatty Alcohols Market was worth USD 5.98 billion in 2021 and is predicted to increase at a compound annual growth rate (CAGR) of 5.25% between 2023 and 2030.
The Fatty Alcohols market is expected to grow at a significant rate in the forthcoming years. Fatty alcohols are widely used in the making of surfactants, which are further used as an ingredient in the manufacturing of institutional and industrial cleaners and detergents. The huge demand for these products is due to an increase in consciousness about health and rapid industrialization in developing countries. Hence, the augmented demand for these cleaners is estimated to emerge as one of the prime factors that boost the growth of the global Fatty Alcohols market in the coming period.
Furthermore, the growing demand for hygiene products plus increased consumer awareness is expected to propel the expansion of the personal care industry in the forecast period. As well, increasing preference of consumers toward bio-ingredient-based products owing to increased awareness about health hazards and toxicity caused by petrochemical products is observed. This trend is projected to increase the demand for personal care products. These factors are expected to intensify the growth of the global Fatty Alcohols market throughout the forecast period.
However, in recent years, the overabundance of fatty alcohols in several parts of the world is an important factor that hampering the growth of the market. Additionally, the volatility of raw materials prices has unfavorably affected the growth of the fatty alcohols market.
Covid-19 Impact on Fatty Alcohols Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Fatty Alcohols Market Segment Overview
Based on the Application, the Detergents and Soap segment is anticipated to account for a huge, dominating share in the global Fatty Alcohols market in the forecast period. The large demand for fatty alcohols has been seen globally due to increasing use of fatty alcohols in the making of soaps and detergents. In addition, the uptake of fatty alcohols is expected to upsurge at a substantial pace in the personal care industry. This is attributed to the rising use of emollients and emulsifiers in personal care products. Rapid steps being made by the personal care and cosmetics industries in developing countries have been imparting a great impetus to the expansion of the fatty alcohols market. Furthermore, the growing use of fatty alcohols in manufacturing plasticizers, flavors and fragrances, and lubricants, is emphasizing the growth of the market. In addition, C15-C22 fatty alcohols are broadly used in lubricants and moisturizers. Also, the C11-C14 type is used in the making of key foaming agents, particularly sodium lauryl ether sulfates.
Fatty Alcohols Market, By Product
· C6-C10 Fatty Alcohols
· C11-C14 Fatty Alcohols
· C15-C22 Fatty Alcohols
· C23 Fatty Alcohols and Above
Fatty Alcohols Market, By Application
· Detergents and Soaps
· Personal Care
· Plasticizers
· Lubricants
· Flavors and Fragrances
Fatty Alcohols Market Regional Overview
Based on region, Asia Pacific is projected to come up as one of the major regions in the global Fatty Alcohols market. The presence of a huge population base in the Asia Pacific is estimated to increase the demand for soaps and detergents in the market. With the increasing demand for soaps and detergents, the Asia Pacific fatty alcohols market is anticipated to see significant growth in the forthcoming years. Similarly, Latin America is another big region for the fatty alcohols market. Rapid urbanization and industrialization are likely to boost the market in Latin America. North America is expected to register average growth owing to increasing consumer awareness and strict regulation governing the fatty alcohols industry.
Fatty Alcohols Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Fatty Alcohols Market, Key Players
· BASF SE
· Global Green Chemicals Public Company Limited
· Jarchem Innovative Ingredients LLC
· CREMER OLEO GmbH & Co.KG
· KH Neochem Co., Ltd
· New Japan Chemical Grou
· Arkema
· Wilmar International Ltd.
· Kao Corporation
· Kuala Lumpur Kepong Berhad
· Musim Mas
· Godrej Industries Limited
· Procter & Gamble
· Sasol
· Emery OleoChemicals
· Shell
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Fatty Alcohols Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. C6-C10 Fatty Alcohols
- 5.2.2. C11-C14 Fatty Alcohols
- 5.2.3. C15-C22 Fatty Alcohols
- 5.2.4. C23 Fatty Alcohols and Above
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Detergents and Soaps
- 5.3.2. Personal Care
- 5.3.3. Plasticizers
- 5.3.4. Lubricants
- 5.3.5. Flavors and Fragrances
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Fatty Alcohols Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. C6-C10 Fatty Alcohols
- 6.2.2. C11-C14 Fatty Alcohols
- 6.2.3. C15-C22 Fatty Alcohols
- 6.2.4. C23 Fatty Alcohols and Above
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Detergents and Soaps
- 6.3.2. Personal Care
- 6.3.3. Plasticizers
- 6.3.4. Lubricants
- 6.3.5. Flavors and Fragrances
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Fatty Alcohols Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. C6-C10 Fatty Alcohols
- 7.2.2. C11-C14 Fatty Alcohols
- 7.2.3. C15-C22 Fatty Alcohols
- 7.2.4. C23 Fatty Alcohols and Above
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Detergents and Soaps
- 7.3.2. Personal Care
- 7.3.3. Plasticizers
- 7.3.4. Lubricants
- 7.3.5. Flavors and Fragrances
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Fatty Alcohols Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. C6-C10 Fatty Alcohols
- 8.2.2. C11-C14 Fatty Alcohols
- 8.2.3. C15-C22 Fatty Alcohols
- 8.2.4. C23 Fatty Alcohols and Above
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Detergents and Soaps
- 8.3.2. Personal Care
- 8.3.3. Plasticizers
- 8.3.4. Lubricants
- 8.3.5. Flavors and Fragrances
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Fatty Alcohols Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. C6-C10 Fatty Alcohols
- 9.2.2. C11-C14 Fatty Alcohols
- 9.2.3. C15-C22 Fatty Alcohols
- 9.2.4. C23 Fatty Alcohols and Above
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Detergents and Soaps
- 9.3.2. Personal Care
- 9.3.3. Plasticizers
- 9.3.4. Lubricants
- 9.3.5. Flavors and Fragrances
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. VVF LLC
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Kuala Lumpur Kepong Berhad (KLK)
- 10.6. Musim Mas Holdings
- 10.7. Wilmar International Ltd.
- 10.8. Sasol Limited
- 10.9. Ecogreen Oleochemicals
- 10.10. Oleon
- 10.11. Emery Oleochemicals Sdn Bhd
- 10.12. Royal Dutch Shell Plc.
- 10.13. Kao Corporation
- 10.14. Godrej Industries Ltd
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
