Fatty Acid Alcohol Market 2019 By Type (Short Chain, Pure & Midcut, Long Chain , Higher Chain), By Application (Soaps & Detergents Personal Care Lubricants Amines Others) Forecast to 2025Report ID: BMRC 2751 | Number of pages: 198 | Publish Date: Mar 2020 | Publisher: BMRC | Category: Chemicals and Materials
Fatty Acid Alcohol Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Fatty Acid Alcohol Market place for the forecast 2019– 2025.
Scope of The Report:
The growth in the demand for the sustainable and biodegradable products on the basis of the reduction of petrochemical dependence has been expected to remain a major factor for driving the global fatty acid alcohol market. The global fatty acid alcohol market has been seeing a brilliant growth in terms of volume and revenue in the previous few years.
Fatty alcohols refer to the ones which are biodegradable in their catering for the same applications in the form of petrochemicals. Furthermore, they are a cost-effective alternative for the petrochemicals. There have been increasing concerns with regard to the effect of the petrochemicals on the environment has been prompting the usage of the sustainable chemicals, bio-based chemicals.
The global fatty acid alcohol market has been segmented on the basis of application and the product insights. On the basis of the application, the segment of soaps and detergents has been emerging as the biggest application and has been accounting for the biggest market in the last few years. The rise in the population in the developing countries has been anticipated to augment this demand. On the basis of the products, the fatty alcohols have emerged as the leading segment of product and has been accounting for the overall global fatty acid alcohol market.
Key Players in the Fatty Acid Alcohol Market Report
The key players who are operating in the market of fatty acid alcohols have been the like of Croda International, Ecogreen Oleochemical, Emery Oleochemicals and Eastman Chemical Company.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Increased Consumer Awareness Is Leading To Tremendous Growth In The Global Fatty Acid Alcohol Market
For the reduction of reliance on the petrochemicals and for the decreasing of the carbon footprint, industry has been shifting their focus on the developing of biodegradable products and the base chemicals through the bio-based raw materials. The increasing supply of the raw materials which are sustainable in the form of the oilseed has been expected for the positive impact on the production of fatty alcohols. This has in turn projected to provide a lot of wider horizons for the downstream applications and therefore increasing the penetration of the market. The major sources of the fatty alcohols include the sunflower oil, soybean oil, rapeseed oil, safflower oil, tall oil, beef tallow and palm oil.
The increase globally in the hygiene demands have been coupled with the increasing awareness of the consumers has been expected for the driving of the personal care market over the period of forecast. The shifting base of consumer preferences towards the bio-ingredient products. The price of the petrochemical price volatile product on the account of the demand-sully imbalances raise the concern for the chemical industry all over the world which has been driving the shift towards the chemical industries towards the bio-based industries.
Asia Pacific TO Flaunt Its Growth In The Global Fatty Alcohol Acid Market
In addition to the Asia Pacific region being the largest producer of the fatty acids, it is also accounting for more than half of the production globally in the global fatty acid alcohol market. The larger plantation companies in Asia has been investing into the downstream capacities of the feedstock for winning over the reduced profitability and restricting of capacity for overhang of the fatty alcohols. The increased availability of the raw material like the soy, rapeseed and the corn in the regions of Malaysia, Indonesia and China has been forced for the numerous manufacturers for shifting the base from the region of North America and Europe for the investment in the region of Asia Pacific.
Fatty Acid Alcohol Key Market Segments:
- Short Chain
- Pure & Midcut
- Long Chain
- Higher Chain
- Soaps & Detergents
- Personal Care
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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