The fatty alcohol market is anticipated to grow at a CAGR of 5.7% during the forecast period. Fatty alcohols are derived from several fatty acids as well from natural fats and oils originating in plants and animals. The increasing demand of the fatty alcohol application sectors is the key factor for the growth of the global market. Moreover, the growing demand for bio-based products is raising significantly as people are becoming more aware of toxicity levels in petrochemical products. Besides, the increasing hygiene product demands amid the COVID-19 pandemic are fostering the growth of the fatty alcohol market during the forecast period.
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However, a notable downfall in the fatty alcohol market is expected in 2020 as compared to previous years due to the COVID-19 pandemic. It is due to decrease demand in industrial usage, and import-export restrictions across the globe. Additionally, the volatile prices of raw materials in the market are also expected to significantly restraint the growth of the fatty alcohol market. However, fatty alcohol products’ origin is natural and hence they are renewable and cause less harm to nature in comparison to the petrochemical products. This is anticipated to present new opportunities for the fatty alcohol market to expand during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Fatty Alcohols Market by Product
- C6-C10 Fatty Alcohols
- C11-C14 Fatty Alcohols
- C15-C22 Fatty Alcohols
Global Fatty Alcohols Market by Source
- Tropical Oils
- Animal Fats
- Soft Oils
- Others
Global Fatty Alcohols Market by Application
- Industrial & Domestic Cleaning
- Personal Care
- Food & Nutrition
- Pharmaceuticals
- Others (Textile & Leather Processing)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Arkema SA
- BASF SE
- CREMER OLEO GmbH & Co. KG
- Croda International plc
- Ecogreen Oleochemicals Inc.
- Emery Oleochemicals SdnBhd
- Evonik Industries AG
- Godrej Industries Ltd.
- Jarchem Industries Inc.
- Kao Corp.
- KLK OLEO ( Kuala Lumpur Kepong Bhd Co.)
- Musim Mas Holdings Pte. Ltd.
- OLEON NV
- Oxiteno USA LLC
- P&G Chemicals
- SABIC
- Sasol Ltd.
- Teck Guan (China) Ltd
- Wilmar International Ltd.
- Zhejiang Jiahua Energy Chemical Industry Co.Ltd.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fatty alcohol market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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