Fatty Alcohols Market
Fatty Alcohols Market (C6-C10, C11-C14, C15-C22 and Others) for Detergents & Soaps, Personal Care, Plasticizers, Lubricants, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
- Chemicals & Materials
- 183 Pages
Fatty alcohols find extensive use in the making of surfactants, which are further used as an ingredient in the manufacturing of institutional and industrial cleaners and detergents. The health and well-being of an individual and a community is directly affected by the cleanliness of workplace and other communal places. With a rise in the awareness about health and speedy industrialization in developing nations, the demand for institutional and industrial cleaners is also likely to observe substantial growth. The augmented demand for these cleaners is anticipated to emerge as one of the leading factors propelling growth of the global fatty alcohols market in near future.
Fatty alcohols are made either from various petrochemical sources like ethylene or from various renewable sources such as animal or plant originating oils and fats. However, with a decrease in the supplies of petroleum and augmented use of plant oil for the purpose of human intake, the growth of the global fatty alcohols market is likely to face challenges. As such, research and development activities are stressing on the invention of alternative fatty alcohol production routes like bio-synthesized production. The presence of plentiful renewable resources for the growth of the microbes is estimated to fan the concept of bio-synthesized fatty alcohols in years to come.
The global fatty alcohols market is expected to expand at a healthy growth rate of 5% CAGR over the assessment period.
Some of the prominent players in the global fatty alcohols market comprise Emery Oleochemicals Sdn Bhd, Royal Dutch Shell Plc., Wilmar International Ltd, Kao Corporation, Godrej Industries Ltd, and BASF SE.
Increased Consumer Awareness about Biodegradable Products to Spur Market Growth
Fatty alcohols come with the characteristic of biodegradability and they cater to similar applications as petrochemicals. In addition to that, they serve the purpose of a cost-effective solution to petrochemicals. The production of fatty alcohols is estimated to be driven by augmented supply of sustainable raw materials that come in the form of oilseed. This, in turn, is anticipated to offer wide scope for downstream applications and as such is expected to better penetration in the market. Beef tallow, palm oil, tall oil, rapeseed oil, safflower oil, sunflower oil, and soybean oil comprise the major sources of fatty alcohols.
A surge in the demand for hygiene product together with augmented consumer awareness is likely to drive expansion of the personal care industry over the years of projection. A shift in the preference of consumers toward bio-ingredient based products due to increased awareness pertaining to potential health hazards and toxicity caused by petrochemical products is observed. This trend is estimated to boost the demand for personal care products. These factors are likely to propel growth of the global fatty alcohols market over the period of forecast.
Asia Pacific to Lead the Market due to the Presence of Huge Population
Asia Pacific is estimated to come up as one of the leading regions in the global fatty alcohols market and the trend is estimated to continue in the forthcoming years. Presence of a huge population base in Asia Pacific is estimated to shoot up the demand for soaps and detergents in the market. With the increasing demand for soaps and detergents, the Asia Pacific fatty alcohols market is likely to observe considerable growth over the years of projection. Furthermore, increased disposable income is likely to foster growth of the fatty alcohols market in the years to come.
Latin America is likely to come up as another rapidly growing region in the global fatty alcohols market. Rapid urbanization and industrialization is expected to boost the market in Latin America. However, the climate of uncertain economic condition in Asia Pacific is expected to leave adverse effect on the Europe fatty alcohols market. North America is likely to register average growth due to rising consumer awareness together with strict regulation governing the fatty alcohols industry.
Manufacturers of Personal Care Products Seek Raw Material Sources in Fatty Alcohols Market
Fatty alcohol is an aliphatic alcohol with numerous markedly amphiphilic properties. They exhibit several properties similar to fatty acids, the compounds that can also be used to manufacture the alcohol. The fatty alcohols market have witnessed a growing revenues from their utilization in cosmetic technologies. Companies in personal care industries benefit from the advancements in synthesis of fatty alcohols, and have shown consistent growth with the developments. New assortments of personal care ingredients use fatty alcohols to meet the end-use performance in the cosmetics industry, most commonly in manufacturing cosmetic emollient esters. Another promising area has been in the production of fatty alcohol-containing oleogels. A growing body of toxicological studies in the past 10 years have supported the demand for fatty alcohols in the production of variety of edible materials for humans. They are viewed as largely of low toxicity and biodegradable materials. These compounds have shown some promise for understanding the mechanisms underlying peroxisomal disorders. The focus on developing sustainable polymers to meet consumer propositions for a green future has expanded area that circumscribe the opportunities for market players and will remain a key trend in the not-so-distant future also.
The changes in biopolitics and the governmentality in response to the emerging Covid-19 outbreaks in several nations are viewed as nothing short of disruptive for businesses. The worldwide humanitarian crisis that succeeded after the pandemic struck the world has reshaped or warped the entire social fabric. The economic repercussions and microeconomic jolts are remarkable, triggering the fact that he existing business models to growth have become largely redundant. On the other organizations and enterprises, including in fatty alcohols market, are keen on evaluating manufacturing and production models that are germane to the current times. The post-pandemic world has seen a few new strategic models increasingly attracting the attention of forward-looking organizations, opening new avenues for unlocking consumer value. Further, some businesses are drastically changing new frameworks that will help them grow amid disruption.
Fatty alcohols are aliphatic alcohols that are predominantly linear and monohydric. These can be saturated or have one or more double bonds. Based on the raw materials used, fatty alcohols are chiefly classified as synthetic or natural. Synthetic fatty alcohols are produced from petrochemicals such as olefins and paraffin, while natural fatty alcohols are based on renewable resources such as fats, oils, and waxes of plant or animal origin. Based on carbon chain length, fatty alcohols can be broadly classified into C6-C10, C11-C14, C15-C22 and other fatty alcohols. Fatty alcohols are primarily employed in detergents and soaps, personal care and cosmetics, plasticizers, flavors and fragrances, and metal working fluids. Growth in personal care products, and detergents & soaps industries is primarily estimated to drive the global fatty alcohols market in the next few years. However, volatility in prices of raw materials and overproduction of fatty alcohols are projected to hamper market growth during the forecast period. Growing sales of cosmetics and beauty products in BRIC countries is anticipated to offer growth opportunities to the fatty alcohols market from 2015 to 2023.
This report analyzes and forecasts the market for fatty alcohols at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023, considering 2014 as the base year. The study includes drivers and restraints of the global fatty alcohols market. It covers impact of these drivers and restraints on demand for fatty alcohols during the forecast period. The report also highlights opportunities in the fatty alcohols market at the global and regional level.
The report includes a detailed value chain analysis, which provides a comprehensive view of the global fatty alcohols market. Porter’s Five Forces model for the fatty alcohols market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global fatty alcohols market by segmenting it in terms of products such as C6-C10, C11-C14, C15-C22 and other fatty alcohols such as C23. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual products and applications in all regions.
The report provides the estimated market size of fatty alcohols for 2015 and forecast for the next eight years. The global market size of fatty alcohols is provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key products and applications of fatty alcohols. Market size and forecast for products and applications have been provided in terms of global, regional, and country level markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report comprises profiles of major companies operating in the global fatty alcohols market. Key players profiled in the report include Sasol Limited, Royal Dutch Shell plc, Kao Corporation, Kuala Lumpur Kepong Berhad (KLK), Ecogreen Oleochemicals, Procter & Gamble Emery Oleochemicals, VVF L.L.C., Musim Mas Holdings, and Wilmar International Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report segments the global fatty alcohols market as follows:
Fatty Alcohols Market - Product Analysis
- C6-C10 Fatty Alcohols
- C11-C14 Fatty Alcohols
- C15-C22 Fatty Alcohols
- Others (Including C23 fatty alcohols and above)
Fatty Alcohols Market - Application Analysis
- Detergents & Soaps
- Personal Care
- Others (Including flavors and fragrances, etc.)
Fatty Alcohols Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA