-- The Asia Pacific region is estimated to be the fastest-growing market for fatty alcohols during the forecast period. The growth of the fatty alcohols market in Asia Pacific is due to the presence of wide-scale industrial manufacturing base of fatty alcohols in the region.
Browse 106 Market Data Tables and 44 Figures spread through 140 Pages and in-depth TOC on "Fatty Alcohols Market by Type (Short Chain, Pure & Midcut, Long Chain, Higher Chain), Application (Industrial & Domestic Cleaning, Personal Care, Lubricants, Plasticizers, Pharmaceutical Formulation, Food & Nutrition), and Region - Global Forecast to 2022"
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Southeast Asian countries provide optimum climatic conditions for palm plantation which gives palm oil, the primary feedstock for fatty alcohols. The increasing market penetration opportunities, abundant availability of raw materials, and less stringent environmental laws and regulations as compared to the Western countries drive the market for fatty alcohols in the region.
Asia Pacific is expected to cater the most flourishing end-use industries worldwide with China, India, and Japan being the major forefront players contributing significantly to the region’s economy. Mounting population, growing disposable income of people as well as their tendencies to adopt a modern lifestyle to be at par with the Western culture is giving a boost to the growth of the aforementioned industries. This largely drives the demand for commodity chemicals such as fatty alcohols in the region.
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Increase in penetration of surfactant-based industries and easy availability of feedstock for fatty alcohols is driving the global fatty alcohols market. The market is witnessing growth due to the increasing consumption of fatty alcohols in surfactant-based industries such as personal care & cosmetics and soaps & detergents, as well as the flexibility in feedstock accessibility and extensive use of fatty alcohols in emerging clusters of Asia Pacific. Increasing consumer preference for bio-based and renewable resources-based products is also estimated to offer lucrative opportunities for the growth of the fatty alcohols market. Surplus production of fatty alcohols leading to a scenario of saturation and supply glut is a major factor restraining the growth of the market. The instability in the raw material prices is challenging the growth of the global fatty alcohols market.
Pure & midcut fatty alcohols is estimated to be the fastest-growing type segment during the forecast period (2017-2022). The rapid growth of the pure & midcut fatty alcohols segment is attributed to their extensive usage in manufacturing Linear Alkyl benzene Sulfonate (LAS), Sodium Laureth Sulfate (SLS), and Sodium Lauryl Ether Sulfate (SLES), which are the key ingredients in many personal care products such as shampoos, creams, lotions, and dish washing liquids. Thus, the growing consumption of fatty alcohols in manufacturing the aforementioned products to serve the beauty & personal care industry drives the market of pure & midcut fatty alcohols market globally.
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Personal Care: The fastest-growing segment of the fatty alcohols market, by application
Personal care is projected to be the fastest-growing application segment of the fatty alcohols market during the forecast period. Fatty alcohols are used to fabricate surfactants which have effective cleaning and emulsifying properties. They are used in skin and hair care products. There has been an increase in the consumer demand for environment and skin friendly products which are affordable, have superior quality, and enhance the overall physical appearance. Such factors are expected to lead to the high growth rate of the personal care application worldwide.
This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided into three categories, namely, by company, by designation, and by region.
By Company Type: Tier 1- 45%, Tier 2- 22%, and Tier 3-33%
By Designation: C Level- 50%, Director Level- 10%, and Others- 40%
By Region: Europe- 33%, North America- 17%, Asia Pacific- 17%,Middle East & Africa- 25%, and South America- 8%
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The report also provides company profiles and competitive strategies adopted by major market players, such as Wilmar International Ltd (Singapore), Kuala Lumpur Kepong Berhad (Malaysia), Musim Mas Holdings (Singapore), Godrej Industries Limited (India), Procter & Gamble (US), VVF Ltd (India), Sasol(South Africa), Kao Corporation (Japan), Emery Oleo chemicals (Malaysia), Royal Dutch Shell Plc. (Netherlands),etc.
Research Coverage:
The report covers the fatty alcohols market and their use across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, by type and application. The report also includes an in-depth competitive analysis of the key market players along with their company profiles; dynamic differentiators, innovators, visionary leaders and emerging (DIVE) analysis; recent developments; and key growth strategies.
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Reasons to buy this report:
From an insight perspective, this research report focuses on various levels of analyses—industry analysis (industry trends), company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the fatty alcohols market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on fatty alcohols offered by the top players in the global fatty alcohols market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the global fatty alcohols market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for fatty alcohols across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global fatty alcohols market
Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the leading players in the global fatty alcohols market
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Release ID: 241896
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