The fatty alcohol market is anticipated to grow at a CAGR of 5.7% during the forecast period. Fatty alcohols are derived from several fatty acids as well from natural fats and oils originating in plants and animals. The increasing demand of the fatty alcohol application sectors is the key factor for the growth of the global market. Moreover, the growing demand for bio-based products is raising significantly as people are becoming more aware of toxicity levels in petrochemical products. Besides, the increasing hygiene product demands amid the COVID-19 pandemic are fostering the growth of the fatty alcohol market during the forecast period.
However, a notable downfall in the fatty alcohol market is expected in 2020 as compared to previous years due to the COVID-19 pandemic. It is due to decrease demand in industrial usage, and import-export restrictions across the globe. Additionally, the volatile prices of raw materials in the market are also expected to significantly restraint the growth of the fatty alcohol market. However, fatty alcohol products' origin is natural and hence they are renewable and cause less harm to nature in comparison to the petrochemical products. This is anticipated to present new opportunities for the fatty alcohol market to expand during the forecast period.
Segmental Outlook
The global fatty alcohol market is segmented based on the product, source, and application. Based on the product, the market is sub-segmented into C6-C10 fatty alcohols, C11-C14 fatty alcohols, and C15-C22 fatty alcohols. Based on the source, the market is sub-segmented into tropical oils, animal fats, soft oils, and others. Further, based on the application the market is sub-segmented into industrial & domestic cleaning, personal care, food & nutrition, pharmaceuticals, and others. The other segment contains textile & leather processing industry.
The industrial & domestic cleaning segment will be the fastest-growing segment by application
The industrial & domestic cleaning segment is anticipated to grow with a significant CAGR in the fatty alcohol market owing to its growing demand across the globe. The recent outbreak of COVID-19 has significantly raised the demand for cleaning products used in homes as well as industrial settings all across the globe. Moreover, improving living standards coupled with increasing purchasing powers of the middle-class population especially in emerging economies is anticipated to drive the growth of industrial and domestic cleaning segments during the forecast period.
Global fatty alcohols Market Share by application, 2020 (%)
Regional Outlooks
The global fatty alcohol market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a major market share in the fatty alcohol market during the forecast period. It is due to the high per capita disposable income across the region. Moreover, the stringent environmental regulations in the region will also significantly aid in the growth of the fatty alcohol market. In addition to this, the growing consumer preference towards natural products specifically in the personal care industry is also attributed to contributing considerably to the fatty acids market.
Global Fatty alcohols Market Growth, by Region 2020-2026
Asia-Pacific will augment with the fastest growth rate in the fatty alcohols market
Asia-Pacific is anticipated to show the fastest growth rate in the fatty alcohol market owing to the increasing demand for domestic cleaning products such as soaps and detergents across the region. The increased demand for domestic cleaning products is attributed to the growing population rate coupled with increasing disposable income. Moreover, the economic growth of developing countries such as India and China will also contribute to the increased share of the fatty alcohol market in the region. Both countries are among the major importer of palm oil globally.
Market Players Outlook
The fatty alcohol market is a fragmented market with low barrier entries. The key players of the fatty alcohols market include BASF SE, Ecogreen Oleochemicals Inc., Godrej Industries Ltd., Kao Corp., KLK OLEO, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including merger & acquisition, collaborations with government, expansions, and new product launches to stay competitive in the market.
The Report Covers
1. Report Summary
1.1. Research Business Functions and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. BASF SE
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Ecogreen Oleochemicals Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Godrej Industries Limited (GIL)
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Kao Corp.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. KLK OLEO Group of Companies
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Fatty Alcohols Market by Product
5.1.1. C6-C10 Fatty Alcohols
5.1.2. C11-C14 Fatty Alcohols
5.1.3. C15-C22 Fatty Alcohols
5.2. Global Fatty Alcohols Market by Source
5.2.1. Tropical Oils
5.2.2. Animal Fats
5.2.3. Soft Oils
5.2.4. Others
5.3. Global Fatty Alcohols Market by Application
5.3.1. Industrial & Domestic Cleaning
5.3.2. Personal Care
5.3.3. Food & Nutrition
5.3.4. Pharmaceuticals
5.3.5. Others (Textile & Leather Processing)
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Arkema SA
7.2. BASF SE
7.3. CREMER OLEO GmbH & Co. KG
7.4. Croda International plc
7.5. Ecogreen Oleochemicals Inc.
7.6. Emery Oleochemicals SdnBhd
7.7. Evonik Industries AG
7.8. Godrej Industries Ltd.
7.9. Jarchem Industries Inc.
7.10. Kao Corp.
7.11. KLK OLEO ( Kuala Lumpur Kepong Bhd Co.)
7.12. Musim Mas Holdings Pte. Ltd.
7.13. OLEON NV
7.14. Oxiteno USA LLC
7.15. P&G Chemicals
7.16. SABIC
7.17. Sasol Ltd.
7.18. Teck Guan (China) Ltd
7.19. VVFLtd.
7.20. Wilmar International Ltd.
7.21. Zhejiang Jiahua Energy Chemical Industry Co.Ltd.
1. GLOBAL FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
2. GLOBAL C6-C10 FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL C11-C14 FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL C15-C22 FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2019-2026 ($ MILLION)
6. GLOBAL TROPICAL OILS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL ANIMAL FATS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL SOFT OILS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
11. GLOBAL INDUSTRIAL & DOMESTIC CLEANING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL PERSONAL CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL FOOD & NUTRITION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
17. NORTH AMERICA FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
18. NORTH AMERICAN FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
19. NORTH AMERICAN FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2019-2026 ($ MILLION)
20. NORTH AMERICAN FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
21. EUROPE FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. EUROPE FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
23. EUROPE FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2019-2026 ($ MILLION)
24. EUROPE FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2019-2026 ($ MILLION)
28. ASIA-PACIFIC FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
29. REST OF THE WORLD FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
30. REST OF THE WORLD FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2019-2026 ($ MILLION)
31. REST OF THE WORLD FATTY ALCOHOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL FATTY ALCOHOLS MARKET SHARE BY PRODUCT, 2019 VS 2026 (%)
2. GLOBAL FATTY ALCOHOLS MARKET SHARE BY SOURCE, 2019 VS 2026 (%)
3. GLOBAL FATTY ALCOHOLS MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
4. GLOBAL FATTY ALCOHOLS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL C6-C10 FATTY ALCOHOLS MARKET SHARE BY REGION 2019 VS 2026 (%)
6. GLOBAL C11-C14 FATTY ALCOHOLS MARKET SHARE BY REGION 2019 VS 2026 (%)
7. GLOBAL C15-C22 FATTY ALCOHOLS MARKET SHARE BY REGION 2019 VS 2026 (%)
8. GLOBAL TROPICAL OILS MARKET SHARE BY REGION 2019 VS 2026 (%)
9. GLOBAL ANIMAL FATS MARKET SHARE BY REGION 2019 VS 2026 (%)
10. GLOBAL SOFT OILS MARKET RESEARCH SHARE BY REGION 2019 VS 2026 (%)
11. GLOBAL OTHERS MARKET RESEARCH SHARE BY REGION 2019 VS 2026 (%)
12. GLOBAL INDUSTRIAL & DOMESTIC CLEANING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL PERSONAL CARE MARKET SHARE BY REGION 2019 VS 2026 (%)
14. GLOBAL FOOD & NUTRITION MARKET SHARE BY REGION 2019 VS 2026 (%)
15. GLOBAL PHARMACEUTICALS MARKET SHARE BY REGION 2019 VS 2026 (%)
16. GLOBAL OTHERS MARKET SHARE BY REGION 2019 VS 2026 (%)
17. US FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
18. CANADA FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
19. UK FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
20. FRANCE FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
21. GERMANY FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
22. ITALY FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
23. SPAIN FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
24. ROE FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
25. INDIA FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
26. CHINA FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
27. JAPAN FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
28. REST OF ASIA-PACIFIC FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)
29. REST OF THE WORLD FATTY ALCOHOLS MARKET SIZE, 2019-2026 ($ MILLION)