HOME Research Insight Expansions and Mergers & Acquisitions are the Key Development Strategies Adopted by Leading Players in the Global Fatty Alcohols Market

Expansions and Mergers & Acquisitions are the Key Development Strategies Adopted by Leading Players in the Global Fatty Alcohols Market

Fatty alcohols are aliphatic, high molecular weight, long carbon chain containing alcohols having a hydroxyl group attached to the terminal carbon. Fatty alcohols may contain either an even or odd number of carbon atoms. Fatty alcohols derived from natural sources are even numbered and the ones derived from synthetic sources are odd numbered. The properties of fatty alcohols vary along with its type. Carbon chain decides the type of fatty alcohols. These are short chain, pure & midcut, long chain, and higher chain. These are different kinds of alcohols which are used in a wide range of applications such as personal care & cosmetics, soaps & detergent, plasticizers, lubricants, flavor & fragrances, food products, and others, which includes textile and paper & pulp. The growth in the penetration of surfactant-based industries such as personal care & cosmetics, soaps & detergents, textiles, oil & gas, etc., as well as the flexibility in feedstock availability and extensive consumption for fatty alcohols in emerging clusters of Asia Pacific, are some of the factors driving the market for fatty alcohols. The global fatty alcohols market is estimated at USD 4.72 Billion in 2017 and is projected to reach USD 6.01 Billion by 2022, at a CAGR of 5.0% between 2017 and 2022.

Key players in the ethylene carbonate market are Oriental Union Chemical Corporation (Taiwan), Huntsman (US), BASF (Germany), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan). These players have established their brands. Ethylene carbonate produced by these companies is consumed domestically and is further supplied to various countries such as China, Japan, New Zealand, Australia, and others within Asia Pacific.

In 2016, Oriental Union Chemical Corporation (OUCC) accounted for the largest share in the overall ethylene carbonate market. It supplies ethylene carbonate, ethylene glycols, ethylene oxide, gas oxygen, gas nitrogen, liquid nitrogen, liquid argon, monoethanolamine, polyethylene glycol, polyoxyethylene lauryl ether, and methoxy polyethylene glycols to Taiwan and other countries in APAC. The company has a manufacturing plant in Taiwan to supply ethylene carbonate across various end-use industries of the country.

Huntsman has a vast experience in manufacturing ethylene carbonate, broad product portfolio, huge production, sales, logistics, and technical service network. The company is highly focused on R&D and has facilities in over 30 countries. It offers ethylene carbonate for various applications such as chemical intermediates, surface coatings, wood binder resins, lubricants, plasticizers, and electrolytes. The company is currently investing in advanced production technologies and carbonate derivatives to meet the demand of customers.

Related Reports:

Ethylene Carbonate Market by Application (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings), End-use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2022

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