Fatty Alcohol Market Size & Share, by Type (Natural, Petrochemical); Chain Type (Short Chain, Long Chain, Higher Chain); Application (Personal Care & Cosmetics, Plasticizers, Lubricants, Pharmaceutical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3340
  • Published Date: Aug 29, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Fatty Alcohol Market size was over USD 6.26 billion in 2023 and is poised to cross USD 11.23 billion by 2036, witnessing more than 4.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of fatty alcohol is evaluated at USD 6.49 billion. The increasing demand for surfactants is estimated to boost the growth of the global market as the surfactants are made from fatty alcohol. Growing personal hygiene awareness amongst the public, especially post covid-19 pandemic has increased the demand for cleaning agents, such as soaps, handwashes, and detergents. According to a report by the World Bank, before the spread of covid-19, more than 3 billion people around the world had no access to soap. However, the World Bank has provided soaps and other cleaning agents to 72% of the target communities in developing countries, including Ghana, Yemen, Indonesia, and Sri Lanka. Moreover, the expanding use of detergents and cleansers in various industries, along with households, is further estimated to boost the market growth. Increasing trend of using cosmetics is another factor anticipated to fuel the market growth, as fatty alcohols are used as emulsifying agents in lotions and other products.


Global-Fatty-Alcohol-Market-Overview
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Fatty Alcohol Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Industrial Surfactants
  • Growing Awareness for Personal Hygiene amidst COVID-19 Pandemic

Challenges

  • Oversupply of the Product
  • Fluctuating Prices of Raw Material

Fatty Alcohol Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

4.6%

Base Year Market Size (2023)

USD 6.26 billion

Forecast Year Market Size (2036)

USD 11.23 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Fatty Alcohol Segmentation

The global fatty alcohol market is segmented by type into natural, and petrochemical, out of which, the natural segment is anticipated to hold the notable share in the market during the forecast period on account of increasing adoption of natural products as opposed to petroleum-based products. Natural fatty alcohols are recyclable and less toxic, which is why these are being increasingly used in cosmetic and pharmaceutical products. This is estimated to boost the segment growth. Based on application, the personal care & cosmetic segment is projected to gain the largest share over the forecast period, owing to the increasing demand for personal cleanliness products, such as soaps and detergents.

Our in-depth analysis of the global market includes the following segments

            By Type

 

  • Natural
  • Petrochemical

         By Chain Type

  • Short Chain
  • Long Chain
  • Higher Chain
  • Others

          By Application

 

  • Personal Care & Cosmetics
  • Plasticizers
  • Lubricants
  • Pharmaceutical
  • Others

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Fatty Alcohol Industry - Regional Synopsis

APAC Market Statistics

Regionally, the global fatty alcohol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific is set to dominate majority revenue share by 2036, on the back of presence of large number of end-user industries, including food & beverages, manufacturing, and lubricants among others, along with the presence of major manufacturers of fatty alcohol in the region. The high population in the APAC region acts as a large consumer base, which is another factor estimated to boost the market growth.

North America Market Analysis

The market in the North America region is estimated to witness significant growth over the forecast period owing to the increasing demand for fatty alcohol by the pharmaceutical industries, along with the increasing public awareness for personal cleanliness and hygiene. Furthermore, rising disposable income of the public is also estimated to provide growth opportunities for the market in the region.

Research Nester
Global-Fatty-Alcohol-Market-Share
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Companies Dominating the Fatty Alcohol Landscape

    • Godrej Industries Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Kao Corporation
    • Musim Mas Group
    • Wilmar International Ltd.
    • Shell International B.V.
    • Emery Oleochemicals
    • Sasol Limited
    • VVF L.L.C.
    • The Procter & Gamble Company
    • Arkema group

Author Credits:  Parul Atri


  • Report ID: 3340
  • Published Date: Aug 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of fatty alcohol is evaluated at USD 6.49 billion.

Fatty Alcohol Market size was over USD 6.26 billion in 2023 and is poised to cross USD 11.23 billion by 2036, witnessing more than 4.6% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for industrial surfactants and growing awareness regarding cleanliness and hygiene will impel the market growth.

Asia Pacific is set to dominate majority revenue share by 2036, on the back of presence of large number of end-user industries, including food & beverages, manufacturing, and lubricants among others, along with the presence of major manufacturers of fatty alcohol in the region.

The major players in the market are Kao Corporation, Musim Mas Group, Wilmar International Ltd., Shell International B.V., Emery Oleochemicals, Sasol Limited, VVF L.L.C., The Procter & Gamble Company and others.

In the year 2024, the industry size of fatty alcohol is evaluated at USD 6.49 billion.
Fatty Alcohol Market Report Scope
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