The report "Fatty Alcohols Market by Type (Short Chain, Pure and Mid Cut, Long Chain, Higher Chain), Application (Industrial & Domestic Cleaning, Personal Care, Plasticizers, Lubricants, Food & Nutrition), and by Region - Global Forecast to 2025", The global fatty alcohols market size is expected to grow from USD 5.4 billion in 2020 to USD 7.0 billion by 2025, at a CAGR of 5.2%, during the forecast period. The major factors driving the market include growing consumption of fatty alcohols in the emerging clusters of APAC is mainly because of the rising per capita expenditure on personal care products and abundant availability of raw materials and cheap labor force, and growing demand from various applications such personal care and industrial & domestic cleaning application.
Browse 129 market data Tables and 30 Figures spread through 154 Pages and in-depth TOC on "Fatty Alcohols Market by Type (Short Chain, Pure and Mid Cut, Long Chain, Higher Chain), Application (Industrial & Domestic Cleaning, Personal Care, Plasticizers, Lubricants, Food & Nutrition), and by Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fatty-alcohol-market-245021082.html
Pure and Mid Cut to dominate the global fatty alcohols market during the forecast period
The fatty alcohols industry has been segmented based on type as short-chain, pure & mid-cut, long-chain, and higher chain. The pure and mid-cut segment accounted for the larger share of the market in 2019. The growth in this segment is attributed to the increase in its use in various applications, such as personal care and industrial & domestic cleaning. These factors are expected to drive the demand for fatty alcohols during the forecast period.
Industrial & domestic cleaning segment to lead the global fatty alcohols market during the forecast period
The market has been segmented based on application into industrial & domestic cleaning, personal care, lubricants, plasticizers, pharmaceutical formulation, food & nutrition, and others. The industrial & domestic cleaning segment accounted for the largest share of the market in 2019 and is expected to witness significant growth during the forecast period. The growth in this segment is attributed to improved standards of living and an increase in the purchasing power parity of low-income groups in emerging economies such as APAC. These factors are expected to drive demand during the forecast period.
APAC is expected to have the largest market size in the global fatty alcohols market during the forecast period
APAC is projected to be the leading fatty alcohols industry globally during the forecast period. The growth in the APAC region can be attributed to the rising demand from personal care and industrial & domestic cleaning application. The presence of a robust industrial base, favorable government policies, and low labor costs along with growing demand for fatty alcohols in the region are further strengthening the market and attracting major players to invest in the region.
The Wilmar International Ltd. (Singapore), Kuala Lumpur Kepong Berhad (Malaysia), Musim Mas Holdings (Singapore), Godrej Industries Limited (India), Procter & Gamble (US), VVF L.L.C. (India), Sasol (South Africa), Kao Corporation (Japan), Emery Oleo Chemicals (Malaysia), and Royal Dutch Shell Plc. (Netherlands) among others are the key players operating in the fatty alcohols market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441