Market Trends

Booming Fatty Alcohols Market Set to Surge by 2027

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- In a significant development for the chemical sector, the latest market analysis suggests a robust growth trajectory for the fatty alcohols industry. According to a comprehensive report by Technavio, the market for fatty alcohols is projected to experience a considerable expansion, with an estimated increase in size of USD 802.21 million between 2022 and 2027. This flourishing market is expected to escalate at a compound annual growth rate (CAGR) of 2.85% over the forecast period. Stakeholders in the industry and potential investors can gain crucial insights into market dynamics by accessing the full report or requesting a sample report from Technavio's website.

Comprehensive Scope of the Report

The fatty alcohols market analysis details a structured report coverage including vital aspects like page numbers, base year for the analysis, historical data, and expected future developments. The current report spans 172 pages, which encompass a rich base year of 2022 and a historic period dating from 2017 to 2021. Prospective market assessments cover the years 2023 to 2027.

Report Highlights:

• Growth Momentum & CAGR: The market is gearing up to accelerate at a CAGR of 2.85%.
• Anticipated Market Growth: Analysts predict a market growth of USD 802.21 billion by 2027.
• Market Structure: The market is fragmented, indicating the presence of several players.
• Year-over-Year Growth: The market's year-over-year growth stands at 2.37%.
• Regional Analysis: Detailed analysis covers regions including APAC, Europe, North America, South America, and the Middle East and Africa.
• Market Contribution: APAC is expected to contribute a significant 46% towards market growth.
• Key Markets: Core countries identified include the US, China, France, Canada, and Germany.

An In-Depth Look at the Competitive Landscape

The fatty alcohols marketplace boasts a fragmented landscape with a blend of global and regional players. Among the notable names, companies like AVRIL SCA, BASF SE, CREMER OLEO GmbH and Co. KG, and Croda International Plc stand out for their market presence. Other key participants include Eastman Chemical Co., Ecogreen Oleochemicals PTE Ltd., and Evonik Industries AG, which alongside Godrej and Boyce Manufacturing Co. Ltd., epitomize the competitive essence of this industry.

Noteworthy Updates:

• Market Dynamics: The report does not shy away from exploring external influences such as the Russia-Ukraine war, global inflation, and the risk of recession which potentially affect the market.
• Geographic Footprints: Companies are analyzed based on their market presence, which is categorized as Strong, Active, Niche, or Trivial. To understand better the market's extensive reach, investors and interested parties are encouraged to purchase the comprehensive report.
• Detailed Offerings: Businesses like BASF SE, Croda International Plc, and Eastman Chemical Co. have their product offerings highlighted in the market analysis, such as BASF's fatty alcohol Kolliwax CA.

Segment Overview: The Pure and Midcut Phenomenon

Predominantly, the pure and midcut segment will capture a significant portion of the market's growth throughout the forecast horizon. The demand for medium-length carbon chains sees versatile applications across industries such as surfactants, lubricants, and plasticizers. Consumers' increasing penchant for products with sustainable attributes, fused with industrial growth in personal care, cosmetics, chemical, and pharmaceutical sectors, is catalyzing market progress. Moreover, the resurgence of industries in the post-pandemic era is expected to augment the supply side, presenting favorable conditions for those involved in production and distribution.

Analyzing the Regional Perspective

Geographic segmentation of the market sheds light on areas like APAC, Europe, North America, the Middle East and Africa, and South America. APAC emerges as a pivotal region, steering 46% of market growth, driven predominantly by robust demand for cleaning commodities, with China and India's substantial populations acting as catalysts. The region's economic advancements, coupled with stringent environmental regulations, underpin the sustained dominance of APAC in the industry, especially as the personal care and cosmetic sectors bloom.

Current and Emerging Market Trends

One of the most significant growth factors for the fatty alcohols market is the escalating use of personal care commodities like creams and lotions. Markets in developed nations such as Canada, the US, France, and burgeoning economies in the APAC region reflect an uptick in product consumption, parallel to the increase in disposable income. Furthermore, the market is witnessing a pronounced inclination towards biosurfactants amidst the ebb and flow of raw material pricing. Such trends underscore the influence of consumer behavior and the market's responsiveness to the evolving needs for bio-friendly and degradable products.

Challenges Facing the Fatty Alcohols Market

Despite the promising outlook, the market does face obstacles, the most notable being the fluctuating prices of raw materials. These uncertainties can put a strain on market operations. However, key insights gleaned from the report can help stakeholders navigate through such challenges. To get a more refined understanding of the market dynamics, including drivers, challenges, and trends, accessing a free sample report can be instrumental.

Vital Insights from the Market Report

The market report by Technavio encapsulates essential data that quantitatively and qualitatively evaluates the fatty alcohols industry. Some of the key takeaways include:

• Anticipated CAGR during the forecast timeline.
• In-depth examination of the factors propelling market expansion from 2023 to 2027.
• A precise evaluation of market size and its significance in the parent market.
• Forecasting shifts in consumer behavior and their impact on the market.
• Analytical perspectives on market proliferation across multiple geographic locations.
• A thorough analysis of the competitive setting and comprehensive company profiles.
• Assessing potential challenges that could impede market players.

For those interested in a more granular analysis, Technavio proffers a SUBSCRIPTION platform, enabling access to a breadth of market research.

Analyst Overview and Future Outlook

An analyst's perspective delves into the integral role that fatty alcohols play across various industry verticals like home & personal care and surfactants. Particularly, during the height of the coronavirus pandemic, the significance of products such as hand sanitizers and washing soaps, which contain fatty alcohols, became more pronounced. Yet, industry players have had to grapple with challenges such as supply chain disruptions and volatile costs associated with raw materials.

The spotlight shines on bio-based fatty alcohols, which are gaining traction as sustainable alternatives to petrochemical derivatives. As key constituents like stearyl alcohol and lauryl alcohols undergo the ethoxylation process, they obtain distinct characteristics that make them valuable for numerous applications. Looking ahead, the trajectory of the fatty alcohols market seems inextricably linked to global consumer spending habits and the emerging leanings towards environmentally friendly ingredients. To stay abreast of these trends, accessing a comprehensive sample report can provide invaluable foresight.

Related Reports and Market Evaluation

Gearing up for an extensive market overview, Technavio also houses reports on correlated industries. For instance, the green and bio-solvents market is anticipated to burgeon by USD 6,285.08 million, progressing at a CAGR of 9.65% from 2022 to 2027. Similarly, the alcoholic drinks market is set to grow by 88.96 billion liters, achieving a CAGR of 5.66% within the same timeframe.

As for the structure of the fatty alcohols market report, it encompasses sections such as market landscape, sizing, segmentation by type, application, geography, and detailed company analysis. If you are interested in exploring these facets, visit Technavio's website for further enlightenment.

About Technavio and Contact Information

Technavio stands as a premier global technology research and advisory firm, offering rich insights that propel market opportunities and shape strategic endeavors. The ever-expanding report library exceeds 17,000 studies, presenting coverage for over 800 technologies across 50 countries. Technavio's diverse clientele, which includes Fortune 500 companies, benefits from its all-encompassing research and actionable insights.

For additional information or media inquiries, contact:

Technavio Research Jesse Maida, Media & Marketing Executive US: +1 844 364 1100 | UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com

SOURCE: Technavio

In conclusion, this far-reaching analysis of the fatty alcohols market forecasts sustained growth, fueled by burgeoning industries and evolving consumer preferences. As stakeholders navigate through a landscape marked by both opportunity and challenge, the insights provided by Technavio's research prove to be invaluable tools in charting the strategic course for the future.