Global Fatty Alcohols Market, By Product (C6-C10, C11-C14, C15-C22), Type (Short Chain, Pure and Midcut, Long Chain and Higher Chain), Application (Detergents and Cleaners, Cosmetics and Personal Care, Lubricants, Plasticizer, Pharmaceuticals, Food and Nutrition, Others) - Industry Trends and Forecast to 2029
Fatty Alcohols Market Analysis and Size
The rising demand of hygiene product coupled with growing consumer awareness is anticipated to drive the personal care industry and boost the growth of the fatty alcohols market. Fatty alcohols are used as emollients, emulsifiers and catalytic hydrogenation in cosmetics and beauty products. The “C11-C14 fatty alcohols” is the fastest growing product segment because it is used to produce sodium laureth ether sulphate (SLES), a major foaming agent found in body wash and shampoo formulation over the forecast period. Furthermore, the demand for the fatty alcohols is expected to be driven by its several usage in household and industrial cleaners, detergents, laundry softeners, textile coatings, mineral processing, and agricultural chemicals.
Data Bridge Market Research analyses that the fatty alcohols market is expected to undergo a CAGR of 5.15% during the forecast period. This indicates that the market value, which was USD 5.68 billion in 2021, would rocket up to USD 8.49 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fatty Alcohols Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (C6-C10, C11-C14, C15-C22), Type (Short Chain, Pure and Midcut, Long Chain and Higher Chain), Application (Detergents and Cleaners, Cosmetics and Personal Care, Lubricants, Plasticizer, Pharmaceuticals, Food and Nutrition, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Global Green Chemicals Public Company Limited (Thailand), Jarchem Innovative Ingredients LLC (U.S.), CREMER OLEO GmbH & Co.KG (Germany), KH Neochem Co., Ltd (Japan), New Japan Chemical Group (Japan), Arkema (France), Wilmar International Ltd. (Singapore), Kao Corporation (Japan), Kuala Lumpur Kepong Berhad (Malaysia), Musim Mas (Singapore), Godrej Industries Limited (India), Procter & Gamble (U.S.), Sasol (South Africa), Emery OleoChemicals (Malaysia), Shell (Netherlands)
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Market Opportunities
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Market Definition
Fatty alcohols are usually straight-chain primary alcohols and high-molecular-weight alcohols. Some major commercially used fatty alcohols are stearyl, lauryl,and oleyl alcohols. These alcohols are colourless oily liquids or waxy solids, while impure samples of fatty alcohols may appear yellow. Fatty alcohols generally have single alcohol group (–OH) attached to the terminal carbon and an even number of carbon atoms. Some are branched and some are unsaturated. They are broadly used in industry.
Fatty Alcohols Market Dynamics
Drivers
- Growing Demand for Surfactants
The increasing demand of surfactants in shower gel, personal care products, conditioners, lipsticks, and antiperspirants is recognized to be a salient cause that can expected to increase the growth of the fatty alcohol market during the forecast period.
- Rising demand of eco friendly products
Growing environmental concerns are encouraging manufacturer and consumers to use natural products. Such factors are forcing chemical manufacturers to use natural fatty alcohol for the manufacturing of their products. Fatty alcohols driven from oleo-based feedstock which are less toxic as well as recyclable then other petrochemical based alternatives and are preferred for manufacturing personal care and cosmetics products. Thus, the inclination of manufacturer and consumers towards sustainable and biodegradable cosmetic products is also expected to drive the growth of the fatty alcohols market in the forecast period.
Furthermore, the growing demand for personal care and cosmetics industry in the developing economies has experienced the demand in premium hair and skin care products, child beauty care products, colour cosmetics, and others which increase the per capital disposable income of the market. These are some of the major factors that are expected to drive the growth of the global fatty alcohols market during the forecast period of 2022-2029.
Opportunities
- Bio-based products offering multiple opportunities
The growing awareness regarding the benefits of bio-based products among consumers due to the toxicities which has caused by using petrochemical-based substitutes is expected to encourage the consumers to adopt bio based products that can increase the significant opportunities for growth of the fatty alcohol market in upcoming years.
However, reduced dependence on petrochemicals based substitute and reduction of carbon footprints industry has shifted towards the development of biodegradable products and bio based raw materials. Agencies such as REACH have some regulations about the environmental hazards associated with petrochemical based products. This will create further beneficial opportunities for fatty alcohols market during the forecast period of 2022-2029.
Restraints/Challenges
- High manufacturing cost of fatty alcohol
The high costs associated with the manufacturing process of fatty alcohol is expected to be a significant factor that can obstruct the growth of the fatty alcohol market during the above mentioned forecast period.
This fatty alcohols market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fatty alcohols market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact on Fatty Alcohols Market
The outbreak of COVID-19 has affected several manufacturing and other industries. This pandemic has caused the suspension of fatty alcohol production due to the disrupted supply chain and decrease demand. The fatty alcohols market witnessed a sharp decline in during the due to the imposition of lockdown in several countries. Thus, COVID-19 left a major impact on the growth of the fatty alcohols market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Fatty Alcohols Market Scope
The fatty alcohols market is segmented on the basis of product, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- C6-C10
- C11-C14
- C15-C22
Type
- Short Chain
- Pure and Midcut
- Long Chain and Higher Chain
Application
- Detergents and Cleaners
- Cosmetics and Personal Care
- Lubricants
- Plasticizer
- Pharmaceuticals
- Food and Nutrition
- Others
Fatty Alcohols Market Regional Analysis/Insights
The fatty alcohols market is analysed and market size insights and trends are provided by country, product, type and application as referenced above.
The countries covered in the fatty alcohols market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the fatty alcohols market due to the demand for soaps and detergents on account of population growth and increased disposable income in this region.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to growing demand for bio-based product and rising consumer awareness coupled with stringent regulations in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fatty Alcohols Market Share Analysis
The fatty alcohols market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fatty alcohols market.
Some of the major players operating in the fatty alcohols market are:
- BASF SE (Germany)
- Global Green Chemicals Public Company Limited (Thailand)
- Jarchem Innovative Ingredients LLC (U.S.)
- CREMER OLEO GmbH & Co.KG (Germany)
- KH Neochem Co., Ltd (Japan)
- New Japan Chemical Group (Japan)
- Arkema (France)
- Wilmar International Ltd. (Singapore)
- Kao Corporation (Japan)
- Kuala Lumpur Kepong Berhad (Malaysia)
- Musim Mas (Singapore)
- Godrej Industries Limited (India)
- Procter & Gamble (U.S.)
- Sasol (South Africa)
- Emery OleoChemicals (Malaysia)
- Shell (Netherlands)
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