(Food-Beverage-News.Com, September 30, 2017 ) The report "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", The global fatty alcohols market is estimated at USD 4.72 Billion in 2017 and is projected to reach USD 6.01 Billion by 2022, at a CAGR of 5.0% between 2017 and 2022.
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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The market is witnessing growth due to the increasing penetration of surfactant-based industries such as personal care & cosmetics, soaps & detergents, textiles, oil & gas, etc., as well as the flexibility in feedstock availability and extensive consumption for fatty alcohols in emerging clusters of Asia Pacific. These are some of the important factors driving the fatty alcohols market.
Pure & midcut fatty alcohols: The largest segment of the fatty alcohols market by type
Pure & midcut fatty alcohols was the largest segment of the global fatty alcohols market, by type in 2016, followed by the long chain segment. The demand for pure & midcut fatty alcohols is driven due to their effective and substantial use as lubricant additives with mineral oil and in manufacturing surfactants. As lubricant additives, they are used to keep the machine parts dry due to their faster evaporation rate. In surfactants, they are used in many applications such as liquid soaps, laundry detergents, fabric softeners, shower gels, etc.
Industrial & domestic cleaning: The largest application of the fatty alcohols market
Industrial & domestic cleaning was the largest segment of the global fatty alcohols market, by application, in 2016. This large share is attributed to the growing consumption of fatty alcohols in manufacturing soaps & detergents which are used as cleaning agents in commercial, industrial, and residential sectors. The increasing need for household and industrial sanitation is expected to augment the growth of this application. Additionally, growing urbanization and increasing purchasing power of the middle class is also expected to drive the market for industrial & domestic cleaning across the globe.
Asia Pacific: The largest fatty alcohols market, by region
The Asia Pacific region was the largest market for fatty alcohols, in terms of value and volume, in 2016. The large market size of the Asia Pacific region is due to the manufacturing facilities being shifted by large players from mature markets such as Europe and North America to APAC. Large players prefer investing in these regions due to the provision of a wide range of market penetration opportunities in major end-use industries such as industrial cleaning, personal care & cosmetics textile, automotive, and oil & gas. Abundant availability of raw materials, consumers, and affordable labor is also attracting market players to establish their production facilities in the region.
Fatty alcohols manufacturers, 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 Oleochemicals (Malaysia), and Royal Dutch Shell Plc. (Netherlands) are covered in the report.
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