San Francisco, 25 March,
Fatty Alcohols Market Analysis By Product (C6-C10, C11-C14, C15-C22), By
Application (Soaps & Detergents, Personal Care, Lubricants, Amines) And
Segment Forecasts To 2022
Global fatty alcohols market is expected to reach USD 7.51 billion by 2022,
according to a new study by Grand View Research, Inc. Favorable government
initiatives in a quest to minimize dependency on petrochemicals coupled with
consumer shift towards organic personal care products is expected to drive
global fatty alcohols market over the forecast period. Consistent supply of key
raw material coupled with the price volatility is expected to a key challenge
for market participants. Technological advancements coupled with increasing
consumer preference for renewable chemicals are expected to create lucrative
opportunities for market participants over the next seven years.
Soaps & detergents was the
most dominant application segment and accounted for 54.6% of total market
volume in 2014. Growing natural surfactants and emulsifiers demand in soaps
& detergents industry is expected to fuel fatty alcohols demand in this segment
over the forecast period. Personal care is expected to witness the highest
growth of 4.6% from 2015 to 2022. Growing consumer preference towards organic
personal care products is expected to increase penetration of fatty alcohols in
this segment.
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Report On Fatty Alcohols Market Analysis:
Further key findings from the study suggest:
·
Global fatty alcohols market
demand was 2,345.8 kilo tons in 2014 and is expected to reach 3,263.2 kilo tons
by 2022, growing at a CAGR of 4.3% from 2015 to 2022.
·
C11-C14 fatty alcohols were the
largest product segment with a market share of over 55% in 2014. C11-C14 fatty
alcohols are primarily used in the production of sodium laureth ether sulphate
(SLES), a key foaming agent majorly used in body washes and shampoo
formulations. Growth of personal care industry is expected to drive this
product segment over the next seven years.
·
C15-C22 fatty alcohols are
expected to witness the highest growth rate of 4.5% globally. Increasing
penetration of C15-C22 fatty alcohols in lubricant bases & blending and
personal care products such as moisturizers is expected to drive this segment
over the forecast period.
·
Asia Pacific was the largest
consumer as well as producer of fatty alcohols. The region accounted for 35% of
global demand in 2014. Increasing downstream demand coupled with rising
consumers disposable income is expected to foster the market growth in this
region over the next few years. Asia Pacific is also expected to witness the
highest growth of 4.9% from 2015 to 2022. Availability of key raw materials in
abundance particularly in South East Asia is also expected to have a positive
influence on the market growth.
·
Global fatty alcohols market is
highly fragmented owing to presence of several small and medium scale companies
operating particularly in Asia Pacific and Central & South America. Major
companies operating in the global fatty alcohols market include Ecogreen
Oleochemicals, Emery Oleochemcials, BASF, Kuala Lumpur Kepong (KLK), Oleon,
Sasol, PT Muslim Mas and Kao Chemicals.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has segmented the fatty
alcohols market on the basis of product, product, application and region:
Global Fatty Alcohols Product
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
C6-C10 Fatty Alcohols
·
C11-C14 Fatty Alcohols
·
C15-C22 Fatty Alcohols
Global Fatty Alcohols
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Soaps & Detergents
·
Personal Care
·
Lubricants
·
Amines
·
Others
Global Fatty Alcohols Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
o
UK
o
Italy
o
Spain
o
Netherlands
o
Belgium
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-fatty-alcohols-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
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