Fatty alcohol market is anticipated to grow at a CAGR of 5.7% during the forecast period. Fatty alcohols are derived from several fatty acids as well from natural fats and oils originating in plants and animals. The increasing demand of the fatty alcohol application sectors is the key factor for the growth of the global market. Moreover, the growing demand for bio-based products is raising significantly as people are becoming more aware of toxicity levels in petrochemical products. Besides, the increasing hygiene product demands amid the COVID-19 pandemic are fostering the growth of the fatty alcohol market during the forecast period.
However, a notable downfall in the fatty alcohol market is expected in 2020 as compared to previous years due to the COVID-19 pandemic. It is due to decrease demand in industrial usage, and import-export restrictions across the globe. Additionally, the volatile prices of raw materials in the market are also expected to significantly restraint the growth of the fatty alcohol market. However, fatty alcohol products' origin is natural and hence they are renewable and cause less harm to nature in comparison to the petrochemical products. This is anticipated to present new opportunities for the fatty alcohol market to expand during the forecast period.
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Fatty Alcohols Market Segmentation
By Product
- C6-C10 Fatty Alcohols
- C11-C14 Fatty Alcohols
- C15-C22 Fatty Alcohols
By Source
- Tropical Oils
- Animal Fats
- Soft Oils
- Others
By Application
- Industrial & Domestic Cleaning
- Personal Care
- Food & Nutrition
- Pharmaceuticals
- Others (Textile & Leather Processing)
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Company Profiles
- Arkema SA
- BASF SE
- CREMER OLEO GmbH & Co. KG
- Croda International plc
- Ecogreen Oleochemicals Inc.
- Emery Oleochemicals SdnBhd
- Evonik Industries AG
- Godrej Industries Ltd.
- Jarchem Industries Inc.
- Kao Corp.
- KLK OLEO ( Kuala Lumpur Kepong Bhd Co.)
- Musim Mas Holdings Pte. Ltd.
- OLEON NV
- Oxiteno USA LLC
- P&G Chemicals
- SABIC
- Sasol Ltd.
- Teck Guan (China) Ltd
- Wilmar International Ltd.
- Zhejiang Jiahua Energy Chemical Industry Co.Ltd.
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