Global Fatty Alcohol Market Share Is Expected To Grow At A CAGR Of 5.30% By 2028

14-Nov-2022 | Facts and Factors

According to Facts and Factors, the global fatty alcohol market size was estimated to be worth roughly USD 5.48 billion in 2021 and is predicted to grow to around USD 7.86 billion by 2028. The global fatty alcohol market is predicted to grow at a CAGR of roughly 5.30% during the forecast period.

Fatty alcohols are high molecular weight, long-chain alcohols with a chain of three to more than 27 carbon atoms that are produced from fats and oils. They can take the shape of saturated or unsaturated liquids, waxy solids, colorless oily liquids (for lower carbon numbers), or waxy solids. Fatty alcohols can be either natural or petrochemical in origin, depending on where they are found. Due to their amphipathic nature, fatty alcohols behave as non-ionic surfactants; as a result, they are mostly used in the production of detergents and surfactants. Fatty alcohols are frequently used as co-emulsifiers, emollients, thickeners, and solubilizing agents in the pulp and paper, cosmetics, agricultural, and emollient, thickening, and solubilizing sectors. Alcohol surfactants are also used as lipophilic solubilizers for lotions in the pharmaceutical industry.

Browse the full “Fatty Alcohol Market Size, Share, Growth Analysis Report By Type (Short Chain, Pure and Mid Cut, Long Chain, Higher Chain), By Application (Industrial & Domestic Cleaning, Personal Care, Plasticizers, Lubricants, Pharmaceutical Formulation, Food & Nutrition, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/fatty-alcohol-market

Surfactants, like soaps and detergents, are in exponentially greater demand. Fatty alcohol-based surfactants have a variety of uses in the paper & pulp, cosmetics, and agricultural industries. They serve as wetting and cleaning agents as well as solubilizing and emulsifying agents. Fatty alcohols are anticipated to be in great demand because of these qualities. Additionally, the rising demand for personal care items such as liquid soaps and hand sanitizers in an effort to curb COVID-19's spread is anticipated to fuel the fatty alcohol market expansion.

Since there is a rise in the demand for pharmaceuticals, personal hygiene, and sanitation goods along with soaps and detergents during the COVID-19 pandemic, the market for fatty alcohols is not as significantly impacted by the COVID-19 pandemic as other industries are. Additionally, people are being encouraged to use eco-friendly items because of growing environmental concerns. These reasons are pushing chemical producers to make their products with bio-based raw ingredients. In comparison to petrochemical-based alternatives, fatty alcohols derived from oleo-based feedstock are favored for making cosmetics and personal care items since they are less harmful and recyclable. As a result, the trend toward environmentally friendly and biodegradable cosmetics is expected to substantially increase the demand for fatty alcohols in the coming years.

However, raw materials like tallow, palm oil, rapeseed oil, and others are used to make fatty alcohols. Major producers of these raw minerals in the Asia Pacific region are Malaysia and Indonesia. The raw materials for other regions, such as North America and Europe, are sourced from Asian nations. As a result, changes in the price of raw materials depend on the trading conditions in these areas. Further impeding the market's expansion will be recently implemented limits on the import of refined palm oil into India.

The global fatty alcohol market is segmented based on type, application, and region.

Based on type, the market has been segmented into short chain, pure and mid cut, long chain, and higher chain. During the forecast period, the pure and mid-cut category held the majority of the market share. The extensive usage of these chemicals in the production of Sodium Laureth Sulfate (SLS) and Sodium Lauryl Ether Sulfate (SLES), which are present in a variety of personal care products like soaps, shampoos, toothpaste, and others, is credited with the market expansion in this sector.

Based on application, the market has been segmented into industrial & domestic cleaning, personal care, plasticizers, lubricants, pharmaceutical formulation, food & nutrition, and others. Due to rising living standards and a rise in the purchasing power parity of low-income groups in emerging nations like APAC, the industrial & household cleaning industry is expanding quickly.

The market for fatty alcohols is expanding significantly in the Asia Pacific area. It is the primary factor for market expansion due to the rising demand from the personal care & cosmetics and surfactant industries. The market would grow exponentially as disposable incomes in South Korea, China, and India increased. In addition, usage appears to be increasing in China, which is home to some of the biggest soap and detergent makers in the world. The growing demand for surfactants is a factor in the market expansion in North America. The COVID-19 outbreak would also boost demand for household cleaning products and hand sanitizers in this region, which would promote use. The European market stands out due to the rapidly growing need for personal care products.

Report Scope

List of prominent players in the global fatty alcohol market

• VVF LLC (India)
• Ecogreen Oleochemicals (Singapore)
• KLK Oleo (Malaysia)
• Kao Corporation (Japan)
• Univar Inc (US)
• Sasol Limited (South Africa)
• Royal Dutch Shell Plc (The Netherlands)
• Berg+ Schmidt GmbH & Co. KG (Germany)
• Emery Oleochemicals (Malaysia)
• BASF SE (Germany)
• P & G Chemicals (US)
• Wilmar International Ltd (Singapore)
• Others 

Recent Developments:

In March 2018- Musim Mas expanded its fatty alcohol production capabilities by opening a new facility in Batam with a production capacity of 150 KT per annum.

In June 2017- Royal Dutch Shell is set to expand the production capacity of mid-cut and low-cut alcohols at its Geismar, U.S. facility. This expansion will help the company to meet the growing demand for surfactant and plasticizer alcohol from consumers.

The global Fatty Alcohol market is segmented as follows:

By Type

• Short Chain,
• Pure and Mid Cut,
• Long Chain,
• Higher Chain

By Application

• Industrial & Domestic Cleaning
• Personal Care
• Plasticizers
• Lubricants
• Pharmaceutical Formulation
• Food & Nutrition
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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