Fatty Alcohol Market Demand, Size, Share, Demand, Forecast 2032

Fatty Alcohol Industry Prospective:

The global fatty alcohol market size was worth around USD 6.70 billion in 2023 and is predicted to grow to around USD 10.67 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.30% between 2024 and 2032.

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The report covers forecasts and analysis for the fatty alcohol market on a global and regional level. The study provides historical data for 2018 to 2022 along with a forecast from 2024 to 2032 based on volume (Kilotons) and revenue (USD Billion). The study includes drivers and restraints for the fatty alcohol market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the fatty alcohol market on a global level.

Fatty Alcohol Market Overview

The naturally occurring fatty alcohols are normally straight-chain primary alcohol with a high molecular weight. They are derived from natural oils and fats by hydrogenating the fatty methyl ester. These fatty alcohols are mostly used in the making of detergents and surfactants. They are further associated in the manufacturing process of solvents, plasticizers, lubricants, inks, and others where they act as both thickening and cleansing agents. 

Fatty Alcohol Market Growth Analysis

Rise in demand for cleaning agents in detergents and the increase in usage of fatty alcohol in the personal care industry are some of the major factors that are driving the growth of the fatty alcohol market. Fatty Alcohol is mostly used in personal care industry as emulsifiers and emollients. The personal care industry can be considered as one of the fastest growing industries. According to an article published by the Azafran Innovation Limited, the organic skin care industry is expected to have a market value of around USD 170 million by the end of the year 2032. The key players in skin care products industry such as Himalaya Herbs and Biotique are working effortlessly for making new product development & innovations , thereby promoting the growth of the fatty alcohol market. Fatty Alcohol isis largely used in detergent industry because of the better cleaning properties of the chemical. Certain fatty alcohols such as c11-c14 are used in the detergent industry as they also have great foaming properties.

These fatty alcohols are generally bio-degradable in nature and this increases its demand across other industries for reducing the toxicity caused by petrochemicals. The government agencies have also set out various regulations related to environmental concerns. For instance, REACH is a government agency that supports the use of naturally derived fatty alcohol for applications in soaps, detergents, and cosmetics among others. However, it is the extra production of fatty alcohol that is leading to an oversupply of the product and will further act as a restraining factor for the market. It is further expected that consumer preferences for bio-based and renewable resources-based products will also provide numerous opportunities for the key players working in the global fatty alcohol market in the upcoming years.

This report offers a comprehensive analysis of the global fatty alcohol market along with, market trends, drivers, and restraints of the fatty alcohol market. This report includes a detailed competitive scenario and product portfolio of key vendors. An analysis of Porter’s Five Forces model for the market has also been included to understand the competitive landscape in the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, and secondary, and primary research teams of industry experts.

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The study provides a decisive view of the fatty alcohol market by segmenting the market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The global fatty alcohol market can be segmented based on type, application, and region. Based on type, the fatty alcohol market is segmented into pure & mid-cut, long chain, short chain, and higher chain fatty alcohol. The application area for the market is divided into personal care, plasticizers, industrial & domestic cleaning, lubricants, pharmaceutical formulation, food & nutrition, and others. Personal care is expected to be the most dominant segment in the fatty alcohol market and is expected to maintain its dominance over the forecast period. The increase in demand for cosmetics along with other personal care products is expected to drive the demand for fatty alcohol in the years to come.

Fatty Alcohol Market: Report Scope

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S., the UK, France, Germany, China, India, Japan, and Brazil.

Fatty Alcohol Market: Competitive Analysis

The global fatty alcohol market is dominated by players like:

• Royal Dutch Shell PLC
• Kuala Lumpur Kepong Berhad (KLK)
• Wilmar International Ltd
• Sasol
• Godrej Industries Limited
• Emery Oleochemicals
• Musim Mas Holdings
• Procter & Gamble
• VVF Ltd.

The report segments the global fatty alcohol market as follows:

Fatty Alcohol Market: Type Segment Analysis

• Short Chain Fatty Alcohol
• Pure & Mid-cut Fatty Alcohol
• Long Chain Fatty Alcohol
• Higher Chain Fatty Alcohol

Fatty Alcohol Market:  Application Segment Analysis

• Industrial & Domestic Cleaning 
• Personal Care 
• Lubricants 
• Plasticizers 
• Pharmaceutical Formulation 
• Food & Nutrition 
• Others 

Fatty Alcohol Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa