November 22, 2019
According to the latest study titled ‘Global Fatty Alcohol Market: Analysis By Type (Short Chain, Pure & Midcut, Long Chain, Higher Chain), By Application, By Region, By Country (2018 Edition), Forecast to 2023- By Region (N. America, APAC, Europe, S. America, ROW), By Country (U.S, Canada, Mexico, U.K, France, Germany, China, Japan, Indonesia, Brazil)’ available with Market Study Report LLC, the global fatty alcohol market is estimated to grow with a CAGR of 4.97% through the year 2023.
Fatty alcohols are straight-chain primary alcohols with high molecular weight which are present in the form of colorless oily liquids or waxy solids. Since the product is biodegradable in nature, it is viable substitute for reducing dependence on petrochemicals. Growing preference for sustainable and biodegradable is propelling the fatty alcohol market. Factors such as rising economy coupled with growing awareness and penetration of end use products will further drive the growth of fatty alcohol market.
The study encompasses details about revenue shares for each segment, alongside the expansion strategies adopted by manufacturers. Thorough insight regarding challenges, drivers, trends, and restraints impacting the market growth is also given. The report also analyzes the competitive landscape of fatty alcohol market using SWOT analysis and Porter Five Force analysis methods.
Based on type, fatty alcohol market is segmented into short chain, pure & midcut, long chain, and higher chain. While speaking of application spectrum, the industry is divided into soaps & detergents, lubricants, personal care, amines, and others.
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Considering the geographical landscape, the global fatty alcohol market is fragmented into five major regions including APAC, North America, Europe, South America, and rest of the world, with key focus on countries like Canada, U.S, Mexico, France, U.K, Germany, China, Indonesia, Japan, and Brazil. The report cites that APAC fatty alcohol market registered the largest share in 2018, owing to growing application of fatty alcohol in soaps & detergents industry as well as in personal care industry.
Some of the vendors that operate in fatty alcohol market are Wilmar International Ltd, Sasol, KAO Corporation, Godrej Industries Limited, Kuala Lumpur Kepong Berhad (KLK), Emery Oleochemicals, VVF Ltd, Royal Dutch Shell PLC, Musim Mas Holdings, and Procter & Gamble.
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