Market Overview Fatty alcohols are straight-chain primary alcohols ranging from as few as 46 carbons to as many as 2226, derived primarily from natural fats and oils. The precise chain length varies with the Source. In general, fatty alcohols are found in nature as waxes esters with fatty acids and fatty alcohols. Plants, bacteria, and animals produce them.
The conventional sources of fatty alcohols have largely been various vegetable oils, which remain a primary feedstock. In addition, they are also prepared from petrochemical sources. About 50% of fatty alcohols used commercially are of natural origin, the remaining being synthetic.
Fatty alcohols are widely used in industry, mainly in the production of detergents and surfactants. In addition, they are components also of cosmetics, foods, and industrial solvents. Moreover, very long-chain fatty alcohols obtained from beeswax and plant waxes have lower plasma cholesterol in humans. They can be found in unrefined beeswax, cereal grains, and many plant-derived foods.
Market Dynamics Market penetration of fatty alcohols has risen in surfactant-based industries, such as soaps & detergents, which is expected to drive the market. In addition, the growing cosmetics industry drives the fatty alcohols market. However, varying raw material prices are likely to restraint the market.
Market penetration of fatty alcohols has risen in surfactant-based industries, such as soaps & detergents, which is expected to drive the market
Due to the COVID-19 pandemic, there is increased awareness regarding the use of home care products. The demand for surfactant-based products, such as washing soaps and detergents, has risen significantly. In addition, the demand for hand sanitizers and other personal care products has rapidly increased as a careful measure against the spread of coronavirus.
Fatty alcohol-based surfactants are used as cleaning agents in the cosmetics, agriculture, and pulp & paper industries. The major application is in the cosmetic industry is as an emulsifying and solubilizing agent. These alcohol surfactants are used as lipophilic solubilizers in the pharmaceutical industry for lotions and ointments. These properties of fatty alcohols are anticipated to drive their demand in the homecare and personal care industry.
Market Segmentation: By Type Cetyl Alcohol Lauryl Alcohol Stearyl Alcohol Others By Source Natural Sources Petrochemicals By Application Surfactants Industrial & Domestic Cleaning Personal Care & Cosmetics Lubricants Pharmaceutical Formulation Others By End-User Personal Care & Cosmetics Pharmaceutical Food Industry Others
Geographical Analysis The fatty alcohol market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography.
The Asia-Pacific region dominates the fatty alcohol market with expanding interest for surfactants in assembling individual consideration items in economies like China, India, and Japan. Also, rising buyer use on green items and expanding mindfulness regarding the severe impacts of synthetic substances utilized in surface-level items have brought about an ascent in the oleochemicals market in the area, particularly in recent years.
Asia-Pacific is the largest oil & fat producer and raw material base for oleochemicals globally, followed by Europe. Accordingly, as a consumer, Asia-Pacific has better control of the creation and conveyance of oleochemicals. For example, In June 2019, Sasol began another alkoxylation plant in Nanjing, Jiangsu Province, China.
The new creation unit is relied upon to change and grow the organization's present alkoxylation limit, R&D office, and specialized help ability in Nanjing. This development is relied upon to assist the organization with fortifying its situation in China and fulfilling its developing need for a claim to fame synthetics. The task is to utilize stretched or straight alcohols to meet client prerequisites in applications like cleanser, metalworking and oil, individual consideration, and others.
Competitive Landscape The fatty alcohol market is moderately competitive with the presence of local and global companies. Major companies contributing market's growth include Croda International plc, SASOL, Air Liquide, Emergy Oleochemicals, Arkema SA, Wilmar International Ltd., Kao Corporation, Kuala Lumpur Kepong Berhad, Procter & Gamble, Jarchem Indutries Inc among others. In addition, the companies are adopting growth strategies such as product launches, acquisitions, and collaborations, which contribute to the growth of the fatty alcohol market globally.
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