Fatty Alcohol Market Analysis by Size, Share, Growth, Major Players and Forecast, 2030 | ChemAnalyst

NEW YORK - Jan. 5, 2023 - PRLog -- According to ChemAnalyst report, "Fatty Alcohol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030". Fatty Alcohol market witnessed a demand of around 3.6 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 4.60% until 2030 attributed to its surging demand in the production of detergents and surfactants coupled with its utilization in personal care & cosmetics sector.

Fatty alcohols are high molecular weight and long chain alcohols, consisting of a carbon chain with varying carbon atoms ranging from 3-27 and derived from fats and oils. They are saturated or unsaturated, branched or unbranched, colorless, oily liquids or waxy solid (depending upon the carbon chain length, branching and saturation). On the basis of the source from which Fatty Alcohols are being derived, their market is segmented into two types i.e., natural source and petrochemical source.

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Fatty Alcohols owing to their amphipathic nature, act as non-ionic surfactants and hence, are mainly employed in the production of surfactants and detergents. Fatty alcohol has wide range applications in Personal Care & Cosmetics, Lubricants, Food, Household and Industrial Cleaning, Agriculture, Oil and Gas, Textile, Plasticizers, Automotive, and Pulp & Paper industries as solubilizing agent, co emulsifier, emollient, as well as thickener. Additionally, in pharmaceutical industry, alcohol surfactants are used as lipophilic solubilizer for lotions & ointments.  Fatty Alcohol derived from natural sources such as palm oil, canola oil, soya oil or other vegetable oils is in demand prominently because of the changing consumer preferences as well as price stability and surplus availability of biobased feedstock. Based on the major applications of Fatty Alcohol, its market is segmented into Surfactants, Pharmaceuticals, Personal care & Cosmetics, Lubricants, Agrochemicals, Food and Others.

The unprecedented outbreak of COVID-19 in the first half of 2020, across the globe led to the imposition of nationwide lockdowns by the major economies. It resulted into the disruption in the functioning of several manufacturing plants as well as the interruption in the supply and demand chain which consequently impacted most of the industries.

Key Players:

• Wilmar International Ltd.,
• Emery Oleochemicals,
• Godrej Industries Limited,
• Procter & Gamble,
• SASOL,
• Air Liquide,
• ASF SE,
• P&G Chemicals Ltd.,
• Ecogreen Oleochemical,
• Croda International Plc.,
• Eastman Chemical Company
• Arkema SA.