"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Fatty Alcohol Market Size, Share & COVID-19 Impact Analysis, By Product (C6-C10, C11-C14, and C15-C22), By Application (Soaps & Detergents, Personal Care, Lubricants, Amines, and Others) and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI102900

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global fatty alcohol market size was USD 5.08 billion in 2019 and is projected to reach USD 7.40 billion by 2027, exhibiting a CAGR of 5.2% during the forecast period.


Fatty alcohols are straight-chain and high molecular weight primary alcohols. These are natural and petrochemical based waxy solids or oily liquids. These alcohols are exhibiting high demand from the personal care industry due to the increasing importance of personal hygiene and sanitation, amidst the coronavirus crisis. The surging demand for sustainable and biodegradable cosmetic products is further set to support the growth of the market. The rising disposable income and increasing expenditure by consumers on cosmetic products is another factor driving the market growth. Factors such as supply chain disruptions and volatile raw material prices, on the other hand, would weaken the market growth.


COVID-19 Pandemic to Affect Growth Negatively Backed by Decline in Production Volumes


The impact of the COVID-19 pandemic on the market is estimated to be significant due to the slowdown in the manufacturing sectors. The unforeseen effects of coronavirus have forced major companies such as Wilmar International Limited to temporarily shut down their manufacturing facilities to curb the spread of this virus. This shut down of facilities would severely impact the company’s revenue generation and market share. Lockdown in several countries has led to a substantial decline in production volumes. Restrictions on the transportation of materials have created supply chain bottlenecks in the market. Owing to the above factors, the demand is anticipated to decline.


FATTY ALCOHOL MARKET TRENDS


Request a Free sample to learn more about this report.


Rising Demand for Bio-based Products is a Prominent Trend


Globally, concerns regarding the negative effects of petroleum-based products have stimulated the demand for sustainable products. The increasing consumer preference towards bio-based products has driven manufacturers to use eco-friendly ingredients. These alcohols derived from bio-based oleochemicals are less toxic and are recyclable, as compared to their conventional substitutes. These alcohols have a high demand from personal care and pharmaceutical industries due to the minimum number of side effects associated with them.


Wilmar International, for instance, offers WILFAROL 1698, an alcohol derived from palm oil and palm kernel oil. Similarly, another key player named KLK OLEO offers a series of fatty alcohols derived from vegetable oils under the name PALMEROL. Moreover, restrictions imposed by regulatory bodies such as REACH on the environmental effects related to the use of petroleum-based products is set to drive the market growth.


FATTY ALCOHOL MARKET GROWTH FACTORS


Increasing Demand for Surfactants to Propel Market Growth


The demand for surfactants such as soaps and detergents is rising exponentially. Surfactants based on fatty alcohols serve various purposes in agriculture, paper & pulp, and cosmetic industries. They are used as solubilizing and emulsifying agents, as well as wetting and cleaning agents. Owing to these properties, fatty alcohols are expected to experience high demand. Additionally, the increasing demand for personal care products such as liquid soaps and hand sanitizers in an attempt to stop the spread of the COVID-19 is expected to boost the market growth.   


RESTRAINING FACTORS


Fluctuating Prices of Raw Materials to Hamper Growth


Fatty alcohols are manufactured from raw materials such as tallow, palm oil, rapeseed oil, and others. Various countries in Asia Pacific such as Indonesia and Malaysia are major producers of these raw materials. Other regions including North America and Europe are dependent on the Asian countries to source their raw materials. Hence, fluctuations in the cost of raw materials are dependent on the trade scenarios in these regions. Additionally, newly imposed restrictions on the import of refined palm oil in India will further act as an obstruction in the growth of the market.


FATTY ALCOHOL MARKET SEGMENTATION ANALYSIS


By Product Analysis


To know how our report can help streamline your business, Speak to Analyst


C11-C14 Segment Dominated the Market in 2019 Backed by Usage in Soaps & Detergents Industry


On the basis of product segmentation, the market is fragmented into C6-C10, C11-C14, and C15-C22. The C11-C14 segment held the dominant share of the market in 2019. This growth is attributed to its extensive usage in the soaps and detergents industry.


The C15-C22 segment is projected to showcase high growth owing to its surging demand from the personal care industry. Rising disposable income is resulting in the increasing demand for cosmetics products such as shampoos, lotions, vanishing creams, lipsticks, and shaving creams, thereby raising the demand for C15-C22 alcohols.


By Application Analysis


Soaps & Detergents Segment to Generate Highest Revenue


In terms of application, the market is segmented into soaps & detergents, personal care, lubricants, amines, and others. The soaps & detergents segment is expected to generate a dominant share in the market during the forecast period. Improvements in the standard of living in developing economies and the increasing attention towards personal hygiene are anticipated to drive the growth of this segment. Furthermore, the rising demand for domestic & industrial cleaners to maintain a hygienic environment is expected to boost the segment.


The personal care segment is projected to be the second-largest segment during the forecast period. Personal care products such as shampoos, lotions, and essential oils are exhibiting high demand from Asia Pacific due to the rising expenditure capacity of consumers.


REGIONAL FATTY ALCOHOL MARKET ANALYSIS


Asia Pacific Fatty Alcohol Market Size, 2019 (USD billion)

To get more information on the regional analysis of this market, Request a Free sample


The market size in Asia Pacific stood at USD 1.47 billion in 2019. It is the major contributor to the market growth owing to the escalating demand from personal care & cosmetics and surfactant industries. An exponential growth of population, coupled with the surging disposable incomes in India, China, and South Korea would support the market growth. In addition to this, China being the hub for major soaps and detergent manufacturers is showcasing a rise in consumption.


In North America, the market growth is associated with the rising demand for surfactants. Additionally, a spike in the demand for sanitizers and home cleaning products in this region due to the COVID-19 outbreak would spur consumption.


The market in Europe is characterized by the surging demand from the personal care industry. Furthermore, the increasing consumer preference for liquid soaps is boosting the market growth. According to Eurostat, in 2018, around 12.6 million tons of soaps & detergents were manufactured in the European Union, out of which 81% accounted for detergents and washing preparations and 19% for soap and organic surface-active products. In Latin America and the Middle East & Africa, the high demand from multiple lubricant manufacturing companies is estimated to boost growth.


To know how our report can help streamline your business, Speak to Analyst


KEY INDUSTRY PLAYERS


Key Players Focus on Expansion & Acquisition Strategies to Strengthen Their Positions


The global fatty alcohol market is fragmented. Key players are investing in research and development activities to create new formulations for various applications. These companies are also implementing expansion and acquisition strategies to increase their presence in the market. Many manufacturers are establishing new plants in developing countries to serve the growing markets and upcoming opportunities.


LIST OF KEY COMPANIES PROFILED IN FATTY ALCOHOL MARKET:



KEY INDUSTRY DEVELOPMENTS:



  • March 2018- Musim Mas expanded its fatty alcohol production capabilities by opening a new facility in Batam with a production capacity of 150 KT per annum.

  • June 2017- Royal Dutch Shell is set to expand the production capacity of mid-cut and low-cut alcohols at its Geismar, U.S. facility. This expansion will help the company to meet the growing demand for surfactant and plasticizer alcohol from consumers.


REPORT COVERAGE


An Infographic Representation of Fatty Alcohols Market

To get information on various segments, share your queries with us



The fatty alcohol market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.


Report Scope & Segmentation










































  ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2019-2027



Historical Period



  2016-2018



Unit



  Value (USD Million) and Volume (KT)



By Product




  • C6-C10

  • C11-C14

  • C15-C22



By Application




  • Soaps & Detergents

  • Personal Care

  • Lubricants

  • Amines

  • Others



By Geography




  • North America (By Product, By Application)



      • U.S. (By Product)

      • Canada (By Product)





  • Europe (By Product, By Application)



      • Germany (By Product)

      • UK (By Product)

      • France (By Product)

      • Italy (By Product)

      • Russia (By Product)

      • Rest of Europe (By Product)





  • Asia Pacific (By Product, By Application)



      • China (By Product)

      • Japan (By Product)

      • India (By Product)

      • Rest of Asia Pacific (By Product)





  • Latin America (By Product, By Application)



      • Brazil (By Product)

      • Mexico (By Product)

      • Rest of Latin America (By Product)







  • Middle East & Africa (By Product, By Application)



      • GCC (By Product)

      • Rest of the Middle East & Africa (By Product)







Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 5.08 billion in 2019 and is projected to reach USD 7.40 billion by 2027.

In 2019, the Asia Pacific market value stood at USD 1.47 billion.

Registering a CAGR of 5.2%, the market will exhibit steady growth in the forecast period (2020-2027).

The C11-C15 segment is expected to lead this market during the forecast period.

The increasing demand from the surfactant industry is a major factor driving the growth of the market.

Wilmar International, KLK OLEO, and SABIC are major players in the market.

Asia Pacific dominated the market in terms of share in 2019.

A shift towards bio-based personal care products expected to drive product adoption.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Nov, 2020
  • 2019
  • 2016-2018
  • 200

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X