Fatty Alcohol Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Fatty Alcohol Market is segmented by Type (Natural Source and Petrochemical Sources), Application (Surfactant, Pharmaceuticals, Lubricants, Foods, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa). The report offers market size and forecasts for Fatty Alcohol in volume (Kilo Tons) for all the above segments.

Market Snapshot

Market Summary - Fatty Alcohol Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >6 %

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Market Overview

The Fatty Alcohol Market is projected to register a CAGR of 6% during the forecast period (2021-2026).

Currently, due to the COVID-19 pandemic, the cosmetic and personal care industry is negatively impacted in both the process of supply chain and value chain. Due to the lockdown, the import-export channels between the countries were closed, due to which, the supply of cosmetic ingredients were closed, and thus, it has negatively impacted the production side of cosmetic products. Such factors have highly impacted the market of cosmetic ingredients and thus tends to constrain the growth of fatty alcohol.

  • In short term, one of the major factors driving the market studied the growing surfactants industry in the Asia-Pacific region.
  • However, high volatility in raw material price, likely to constrain the growth of the fatty alcohol market.
  • Asia-Pacific dominated the market across the world with the largest consumption from countries, such as China and India.

Scope of the Report

The Fatty Alcohol Market is segmented by type, application and geography. By Type, the market is segmented into Natural Source and Petrochemical Sources. By Application, the market is segmented into Surfactant, Pharmaceuticals, Lubricants, Foods, and Other Applications. The report also covers the market size and forecasts for the Fatty Alcohol Market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million) for each segment.

Type
Natural Sources
Petrochemical Sources
Application
Surfactant
Pharmaceuticals
Lubricants
Foods
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Growing Demand for Surfactants

  • Fatty alcohols are among the most used ingredients in surfactant formulations. Surfactants are used in a variety of personal care products, such as shampoo, conditioner, shower gel, antiperspirant, and lipsticks as emollients and thickeners, owing to their amphipathic and non-ionic surfactant nature.
  • Additionally, they are used in skincare products as a solvent, emulsifier, antiseptic, buffer, and penetration enhancer (improves delivery of an ingredient into the skin).
  • The global market for personal care products is expected to witness substantial growth over the coming years, owing to the growing disposable income of consumers and awareness of consumers for natural as well as organic products, thus enabling them to spend on luxury personal care products. Constant innovations and improvisations in products have also led to the demand for multifunctional and cosmeceutical products.
  • Hence, owing to the above-mentioned factors, the application of fatty alcohol in beauty and personal care products is likely to dominate during the forecast period.
  • However, during the COVID-19 pandemic, the rising awareness regarding personal hygiene have somehow created a balanced growth even during the pandemic, the shutdown of manufacturing facilities have negatively impacted production. The demand for personal care products was higher during the pandemic, but due to retail closure, the demand was not able to get fulfilled, which was also reducing its demand, and thus constraining the growth of the market over the short term.
Fatty Alcohol Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Increasing demand for surfactants in the manufacturing of personal care products in major economies, such as China, India, and Japan is estimated to boost the market studied during the forecast period.
  • The growing consciousness toward maintaining an individual’s appearance and a considerable increase in disposable incomes are the factors majorly driving the cosmetics products market in the Asia-Pacific region, which, in turn, increases the demand for fatty alcohol in this region.
  • Rising consumer expenditure on green products and increasing awareness regarding the harmful effects of chemicals used in cosmetic products have resulted in a rise in the oleochemicals market in the region, especially over the past few years.
  • Asia-Pacific is the largest oil and fat producer and raw material base for oleochemicals globally, followed by Europe. Thus, Asia-Pacific as a consumer has better control of the production and distribution of oleochemicals.
  • Owing to the above-mentioned factors, the market for fatty alcohol in the region is projected to grow significantly during the study period.
  • However, toxicity, biodegradability, eutrophication, and lifecycle analysis are only a few of the key concerns addressed by environmental problems. The extent of the environmental impact generated by the use of surfactants' different goods, such as detergents, is one of the industry's greatest challenges. This is expected to stifle industry expansion. Besides, for the short term, the COVID-19 pandemic has become the reason, constraining the growth of the market, as the production facility was shut down, and the production was almost negligible.
Fatty Alcohol Market-Regional Trends

Competitive Landscape

The fatty alcohol acid market is partially fragmented in nature with only a few major players dominating the market. Some of the major companies are SASOL, Air Liquide, Emery Oleochemicals, Croda International Plc, and Arkema SA, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand for Surfactants in Major Economies

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Manufacturing Costs

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Natural Sources

      2. 5.1.2 Petrochemical Sources

    2. 5.2 Application

      1. 5.2.1 Surfactant

      2. 5.2.2 Pharmaceuticals

      3. 5.2.3 Lubricants

      4. 5.2.4 Foods

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Air Liquide

      2. 6.4.2 Arkema SA

      3. 6.4.3 BASF SE

      4. 6.4.4 Croda International PLC

      5. 6.4.5 Eastman Chemical Company

      6. 6.4.6 Ecogreen Oleochemicals

      7. 6.4.7 Emery Oleochemicals

      8. 6.4.8 Godrej Industries Limited

      9. 6.4.9 KLK OLEO

      10. 6.4.10 Musim Mas Holdings Pte. Ltd

      11. 6.4.11 Oleon NV

      12. 6.4.12 Procter & Gamble

      13. 6.4.13 SASOL

      14. 6.4.14 VVF LLC

      15. 6.4.15 Wilmar International Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Focus Toward the Production of Fatty Alcohol by Microbial Fermentation

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Fatty Alcohol Market market is studied from 2016 - 2026.

The Fatty Alcohol Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

SASOL, Air Liquide, Emergy Oleochemicals, Croda International Plc, Arkema SA are the major companies operating in Fatty Alcohol Market.

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