Rising Demand for Personal Care Products in Asia Pacific to Boost Global Demand for Fatty Alcohols
The global fatty alcohols market is analyzed in a recent market intelligence report published by Transparency Market Research. The report is titled “Fatty Alcohols Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” and is available on the company website for sale.
Fatty alcohols are predominantly monohydric and linear aliphatic alcohols that can be obtained from natural or synthetic sources such as paraffin, olefins, oils, waxes, and fats. Fatty alcohols are also called long chain alcohols and are broadly classified into C15-C22, C11-14, C6-C10, and other based on the length of the carbon chain in their configuration.
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Fatty alcohols find diverse applications across many industries such as plasticizers, personal care, soaps, detergents, cosmetics metal working, and flavors and fragrances. The market is chiefly driven by excellent growth of major end-use industries such as detergents and soaps and personal care in the past few years.
However, factors such as volatile raw material prices and excess production of fatty alcohols are expected to restrain the overall growth of the global fatty alcohols market over the forecast period. Nevertheless, the rising demand for beauty products and cosmetics in BRIC countries will provide excellent growth opportunities for the market over the forecast period.
Volume-wise, the segment of C11-C14 fatty alcohols dominated the market, accounting for a share of nearly 50% in the global market in 2014. Broad set of applications of C11-C14 fatty alcohols is the major factor driving their demand across the globe. This product segment is also expected to emerge as the fastest growing segment of the market over the forecast period.
Detergents and soaps emerged as the major application segment for the fatty alcohols market in 2014, accounting for a dominant share of over 60% in the global market. The application segment of personal care is expected to exhibit excellent growth, leading to an increased demand for a variety of fatty alcohols over the forecast period. Demand for fatty alcohols in the personal care is expected to expand at the fastest pace amongst other application areas over the forecast period.
From a geographic perspective, the market for fatty alcohols is expected to exhibit growth at the fastest pace in developing regions over the forecast period. High demand for personal care and other luxury products in regions such as India and China will help the Asia Pacific market for fatty alcohols gain the dominant position in the global market, followed by North America, over the forecast period.
The report also presents a detailed overview of the competitive landscape of the market and detailed business profiles of some of the most influential vendors operating in the market. Companies in the market profiled in the report include Kao Corporation, Royal Dutch Shell plc, Sasol Limited, Ecogreen Oleochemicals, Emery Oleochemicals, Musim Mas Holdings, Procter & Gamble, and Wilmar International Ltd.
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