Market Size of Fatty Alcohol Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 3.96 Million tons |
| Market Volume (2029) | 4.84 Million tons |
| CAGR (2024 - 2029) | 4.06 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fatty Alcohol Market Analysis
The Fatty Alcohol Market size is estimated at 3.96 Million tons in 2024, and is expected to reach 4.84 Million tons by 2029, growing at a CAGR of 4.06% during the forecast period (2024-2029).
The market was negatively impacted due to COVID-19. Several countries went into lockdown to curb the spread of the pandemic. The shutdown of numerous companies and factories disrupted supply networks worldwide and harmed global production, delivery schedules, and product sales. Currently, the fatty alcohol market has recovered from the impacts of the COVID-19 pandemic and is growing at a significant rate.
- Over the medium term, the growing demand from the pharmaceutical industry and the increasing usage of fatty alcohol in personal care and cosmetics products are expected to be the major driving factors for the market.
- On the flip side, high volatility in raw material prices is likely to pose as a restraint for the market.
- The growing demand for bio-based fatty alcohol products is likely to act as an opportunity for the market in the coming years.
- The Asia-Pacific region accounts for the highest market share, and the region is likely to continue its dominance in the market during the forecast period.
