Fatty Alcohol Market Segmentation by Application (Cosmetics & Personal Care, Pharmaceuticals, Food, Detergents & Cleansers, and Others); and by Type (Short Chain, Long Chain, Pure & Mid-Cut Chain, and High Chain)-Global Demand Analysis & Opportunity Outlook 2031

Global Fatty Alcohol Market Highlights Over 2022 - 2031

The global fatty alcohol market is estimated to grow at a ~5% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 6.0 billion in the year 2021.  The growth of the market can be attributed to the rise in the demand for personal hygiene products and the increase in disposable personal income. According to the U.S. Bureau of Economic Analysis, the disposable personal income in the United States has increased by USD 89.7 billion in March 2022, and personal consumption has increased by USD 185.0 billion. Moreover, the growing awareness among people related to environmental issues encourages them to use biodegradable products. Therefore, the urge of consumers to buy biodegradable products is expected to increase the growth of the global fatty alcohol market.

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The COVID-19 pandemic had a less negative impact on the global fatty alcohol market as compared to other industries. There has been a delay in the production of fatty alcohol owing to the government restrictions that disturbed the fatty alcohol manufacturer's supply chain. On the other hand, there was a rise in the demand for personal hygiene, and pharmaceutical products, which significantly raised the demand for the product amongst the manufacturers of personal hygiene products.

The global fatty alcohol market is segmented by application into cosmetics & personal care, pharmaceuticals, food, detergents & cleansers, and others. Out of which, the cosmetics & personal care segment is anticipated to hold the largest share in the market by the end of 2031. This can be attributed to the surge in demand for cosmetics & personal care products by consumers. Moreover, there has been an increase in the disposable personal income of consumers that are anticipated to drive the growth of the cosmetics & personal care segment.

Global Fatty Alcohol Market Regional Synopsis

Regionally, the global fatty alcohol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of a rise in the demand for fatty alcohol for use in cosmetics & personal care and detergents & cleansers products by the manufacturers in the region. Moreover, there has been an increase in the population base and a surge in disposable personal income that is anticipated to drive the growth of the market in the Asia Pacific region. As per the World Bank, China’s total population has increased to 1.41 billion in 2020 from 667,070, 000 in 1960. Moreover, the total population of India has increased to 1.38 billion in 2020 from 450, 547,675 in 1960.

Market Segmentation

Our in-depth analysis of the global fatty alcohol market includes the following segments:

By Application

• Cosmetics & Personal Care

• Pharmaceuticals

• Food

• Detergents & Cleansers

• Others

By Type

• Short Chain

• Long Chain

• Pure & Mid-Cut Chain

• High Chain

Growth Drivers and Challenges Impacting the Growth of the Global Fatty Alcohol Market

Growth Drivers

• Increase in disposable household income

• Rise in the demand for personal hygiene products

Challenges

• Instability in the price of raw materials for manufacturing fatty alcohol

• High processing cost of fatty alcohol

Key Companies Dominating the Global Fatty Alcohol Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global fatty alcohol market that are included in our report are Univar Solutions Inc., Procter & Gamble Company, BASF SE, Wilmar International Limited, Sasol Limited, Croda International plc, Kao Corporation, Emery Oleochemicals, SABIC, KLK OLEO, and others.

Latest Developments in the Global Fatty Alcohol Market:

• 12 April 2022: Univar Solutions Inc. announced a new distribution agreement with Ashland, a focused additives and specialty ingredients company, to expand its specialty ingredient offering in Mexico and Brazil.

• 15 September 2020: Emery Oleochemicals, announced the launch of its EMERY E fatty acid esters product line. These fatty acid esters are color stable, have a minimal odor, and are biodegradable.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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