Fatty Alcohol Market Industry Trends & Forecast - PowerPoint Presentation

Slide1

Fatty Alcohol Market, By Type, Trend Analysis, Competitive Market Share 2020-2027

Industry Trends & Forecast Report 2027A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR of 6.3%, earning revenue of around USD 8.4 billion by the end of 2027. The global fatty alcohol market is gaining significant traction because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products, such as petrochemicals. Fatty alcohol is produced from plant-based products, which makes them biodegradable; this is a primary factor boosting its market demand.

The flourishing production and demand for surfactants and personal care products, such as soaps, detergents, laundry softeners, textile coatings, agricultural chemicals, etc.

Growth driversGrowing Demand for SurfactantThe demand for surfactants in the form of detergents, wetting agents, emulsifiers, foaming agents, dispersants, etc., are witnessing significant growth in the market. With this growth in surfactants, the global fatty alcohols market is also projected to prosper. The manufacturers of personal care products such as shampoo, conditioners, shower gels, antiperspirants, etc., offer a wide range of products to meet their customers' growing demand in various regions. They are also engaging in R&D activities to develop and upgrade their products, which is expected to boost the global fatty alcohol market

.

RestraintsHighly Volatile Prices of Raw Materials The fluctuating prices of raw materials act as a major restraining factor for the global fatty alcohol market. Certain raw materials like rapeseed oil, tallow, palm oil, etc., are mainly produced in Asia-Pacific countries like Indonesia and Malaysia. This region's agriculture relies heavily on the monsoon for the cultivation of crops, which affects output and ultimately the price. Raw materials needed to produce fatty alcohol are highly reliant on these countries and prices fluctuate dramatically, which adversely affects market growth

.

Sample Copy :https://www.blueweaveconsulting.com/report/global-fatty-alcohol-market/report-sample

Impact of COVID-19 on Global Fatty Alcohol MarketAs a result of the COVID-19-induced pandemic, the world has been negatively impacted. Several countries had to impose complete lockdowns which hindered the manufacturing and production operations besides the distribution channels. As a result, global fatty alcohol faced a sudden slump in its market. The lack of production and prevailing demand for certain products like soaps, shampoos, and sanitizers resulted in an enormous gap between supply and demand, resulting in huge losses for manufacturers. However, the global fatty alcohol market is expected to recover soon in the post-COVID-19 period as the lockdown restrictions are uplifted.

Global Fatty Alcohol Market - Regional InsightsGeographically, the global fatty alcohol market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region accounts for the largest market share and is expected to witness the highest CAGR during the forecast period as well. Aside from being the largest, the Asia Pacific region is expected to be growing at the fastest rate as well. The vast market of soaps, detergents, and surfactants in this region is dramatically influencing the growth of the fatty alcohol market. Furthermore, the easy availability of raw materials like vegetables is attracting the producers to shift their manufacturing operations in countries like Malaysia, Indonesia, etc., which is projected to boost the market in the forecast period.

Competitive LandscapeThe leading market players in the global fatty alcohol market are Air Liquide, Wilmar

International Ltd,

Arkema SA, VVF LLC, Croda International PLC, SASOL, Eastman Chemical Company, Procter & Gamble, Ecogreen Oleochemicals,

Oleon

NV, Emery

Oleochemicals

,

Musim

Mas

Holdings

Pte.

Ltd, KLK OLEO, Godrej Industries Limited, BASF SE, Royal Dutch Shell, SABIC, Berg + Schmidt, Oxiteno, and other prominent players.The global fatty alcohol market is considered fragmented with the presence of several global and regional market players. The companies are concentrating on reducing their production costs and locating factories in places where raw materials are more readily available. They also adopt competitive strategies like mergers, acquisitions, partnerships, collaborations, etc., to stay ahead in the competition.

About Us:Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off.

Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

Contact Us:

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

   info(@)blueweaveconsulting.com   www.blueweaveconsulting.com