Global fatty alcohol market is expected to reach USD 9.29 Billion by 2028, at a CAGR of 5.6% from 2021 to 2028. Global Fatty Alcohol market is witnessing a considerable growth owing to the increasing demand for naturally derived ingredients based product.
Fatty acids are found in many plants and animals as ester (wax esters). Bacteria and little plants produce it to float on water. Marine mammals uses fatty acids as biosonar lens, which help them in travelling and catching the prey. It is also used for thermal insulation purpose by many plants and insects. Vegetable oils are used as a source or feedstock for the generation of fatty acids. In fact, the vegetable oil is used on a large scale for the generation of Fatty acids. Animal fats were also used as a feedstock previously on a large scale previously. Plant are widely considered as feedstock for fatty alcohol because they provide more variable chain length, and because of this, different types of fatty acids can be formed, which can be used according to their requirement. Fatty alcohols are also can be produced from petrochemical sources. There is a rise in the use of fatty acid because of its non-ionic surfactants properties, which make it useful in the making of detergents, laundry softeners, textile coatings etc. They are also used in the making of agricultural chemicals. The rise in per capita income in the emerging economies like India, China have led to the fast growth in the cosmetic and personal care industry. The increase in disposable income among people have made them look for quality products in all segments. The people are now looking for premium cosmetic and beauty care products. Fatty alcohols are used as emulsifiers and thickeners in the cosmetic product. The younger lot are much more aware of their health; this has increased the demand of the bio-based products rather than petrochemical-based product. This, in turn, increases the demand for fatty alcohol market. Fatty alcohols are used in food products.
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The increase in demand of biodegradable product because of the rise in awareness about the environment have led to the surge in demand of fatty alcohol from natural sources, which make detergents, soaps and other personal care products used by the consumer. That is why the industries are now focusing on naturally sourced product and chemicals to work on decreasing global carbon footprint.
The rise in disposable income in the developed and developing countries have led change in the lifestyle of people. They are looking for quality product and the ease in the use of product. The younger lot has raised the demand for cosmetics product. Also, the rise in awareness about health and hygiene are also increasing the demand for bio-based cosmetic products. Fatty alcohol is broadly used in the making of cosmetic products. This drives the fatty alcohol market.
The fluctuating prices of raw material which is essential for the production of Fatty Alcohol are the major restraint for the market as this affects the production of fatty alcohol, and so also its price according to its requirement by various segments of the market. This also affect the supply chain of the fatty alcohol supply to the needed organization. So affecting the overall market like the personal care market, detergent market etc. So fluctuating prices of raw material are restraining the market.
Increase in global consumer awareness along with more hygienic product demand is expected to drive personal care industry growth and in turn, growth in naturally derived fatty alcohol market. People are now much more conscious about the environment and about the hygiene of the product. People now realize that the petrochemical-based products are not good for the environment and are potentially toxic in use. However, Fatty alcohols are a cost-effective alternative to petrochemicals and are biodegradable in nature. They are used for the same application as petrochemicals.
The increase in per capita income in the emerging economies have led to improved life style; this has also led to a change in consumer behaviour and lifestyle. Consumer is now looking for quality products, which provide ease in their work like liquid detergents provide ease in the daily household task in cleaning and for sanitation purpose. Also washing machine has become very common in household, so liquid detergents provide ease in the use of detergents in washing machine and also liquid dishwasher has also become very common these days. This, in turn, will drive the fatty alcohol market.
The global fatty alcohol market has been segmented based on type, application, and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region emerged as the largest market for the fatty alcohol market, with a market share of around 37.83% in 2020.
Asia Pacific Fatty Alcohol Market Share in 2020 - USD 37.83%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global fatty alcohol industry.
In 2015, Kuala Lumpur Kepong Berhad (KLK), through its oleochemical unit KLK OLEO, is in discussions with Mitsui to arrange storage facilities in Houston, Texas, for fatty alcohol imports by the company.
In 2019, Univar’s acquisition of Nexeo Solutions in March of this year and its partnership with Kraton during the summer provided a win-win for Univar Solutions’ oleochemical customers, company has gained access to a broad product portfolio while continuing their relationships with an expert application development team.
As per The Brainy Insights, the size of the fatty alcohol market was valued at USD 5.57 billion in 2020 and is anticipated to reach USD 9.29 billion by 2028.
Global fatty alcohol market is growing at a CAGR of 5.6% during the forecast period 2021-2028.
Pure and midcut is the leading type segment of the global fatty alcohol market in 2020. Detergents and cleaners is the leading application segment of the global fatty alcohol market.
The Asia Pacific region emerged as the largest market for the fatty alcohol.
Increasing demand for naturally derived ingredients based product is the key driving factor for the fatty alcohol market.
Volatility in raw material prices may hamper the market growth.
Growing preference for liquid detergents over powder detergents in Asia-pacific will provide huge opportunities to the market.
Key players are BASF, Univar Inc., KLK Oleo, VVF LLC, P & G Chemicals, Ecogreen Oleochemicals, Kao Corporation, Sasol Limited, and Royal Dutch Shell Plc.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for naturally derived ingredients based product
5.2.2. Growing personal care Industry
5.3. Restrains
5.3.1. Volatility in raw material prices
5.3.2. Increasing health and environmental concerns with regards to use of petrochemical based fatty alcohols
5.4. Opportunities
5.4.1. Growing preference for liquid detergents over powder detergents in Asia-pacific
6. Global Fatty AlcoholMarket Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Pure and Midcut
6.3. Long Chain
6.4. Short Chain
6.5. Higher Chain
7. Global Fatty AlcoholMarket Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Detergents and Cleaners
7.3. Cosmetics and Personal Care
7.4. Lubricants
7.5. Plasticizer
7.6. Pharmaceuticals
7.7. Food and Nutrition
7.8. Others
8. Global Fatty AlcoholMarket Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Fatty AlcoholMarket-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in GlobalFatty AlcoholMarket
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. BASF
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Univar Inc.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. KLK Oleo
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. VVF LLC
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. P & G Chemicals
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. EcogreenOleochemicals
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Kao Corporation
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Sasol Limited
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Royal Dutch Shell Plc
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Emery Oleochemicals
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Berg+ Schmidt GmbH & Co. KG
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Wilmar International Ltd
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Godrej Industries Ltd
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Arkema SA
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
List of Table
1. Global Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
2. Global Pure and Midcut, Fatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
3. Global Long Chain, Fatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
4. Global Short Chain, Fatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
5. Global Higher Chain, Fatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
6. Global Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
7. Global Detergents and CleanersFatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
8. Global Cosmetics and Personal CareFatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
9. Global LubricantsFatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
10. Global PlasticizerFatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
11. Global PharmaceuticalsFatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
12. Global Food and NutritionFatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
13. Global OthersFatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
14. Global Fatty Alcohol Market, By Region, 2018-2028 (USD Billion)(Kilotons)
15. Global Fatty Alcohol Market, By North America, 2018-2028 (USD Billion)(Kilotons)
16. North America Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
17. North America Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
18. U.S. Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
19. U.S. Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
20. Canada Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
21. Canada Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
22. Mexico Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
23. Mexico Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
24. Europe Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
25. Europe Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
26. Germany Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
27. Germany Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
28. France Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
29. France Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
30. U.K. Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
31. U.K. Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
32. Italy Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
33. Italy Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
34. Spain Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
35. Spain Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
36. Asia Pacific Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
37. Asia Pacific Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
38. Japan Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
39. Japan Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
40. China Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
41. China Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
42. India Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
43. India Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
44. South America Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
45. South America Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
46. Brazil Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
47. Brazil Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
48. Middle East and Africa Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
49. Middle East and Africa Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
50. UAE Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
51. UAE Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
52. South Africa Fatty Alcohol Market, By Type, 2018-2028 (USD Billion)(Kilotons)
53. South Africa Fatty Alcohol Market, By Application, 2018-2028 (USD Billion)(Kilotons)
List of Figures
1. Global Fatty Alcohol Market Segmentation
2. Fatty Alcohol Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Fatty Alcohol Market Attractiveness Analysis By Type
9. Global Fatty Alcohol Market Attractiveness Analysis By Application
10. Global Fatty Alcohol Market Attractiveness Analysis By Region
11. Global Fatty Alcohol Market: Dynamics
12. Global Fatty Alcohol Market Share By Type (2021 & 2028 )
13. Global Fatty Alcohol Market Share By Application (2021 & 2028 )
14. Global Fatty Alcohol Market Share by Regions (2021 & 2028 )
15. Global Fatty Alcohol Market Share by Company (2020)
This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global fatty alcohol market on the basis of the below-mentioned segments:
Global Fatty Alcohol Market by Type:
Global Fatty Alcohol Market by Application:
Global Fatty Alcohol Market by Region:
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