Favorable government initiatives in a quest to minimize dependency on petrochemicals coupled with consumer shift towards organic personal care products is expected to drive global fatty alcohols market over the forecast period.
The Global Fatty Alcohols Market is expected to reach USD 7.51 billion by 2022, according to a new study by Grand View Research, Inc.
Consistent supply of key raw material coupled with the price volatility is expected to a key challenge for market participants. Technological advancements coupled with increasing consumer preference for renewable chemicals are expected to create lucrative opportunities for market participants over the next seven years.
Soaps & detergents was the most dominant application segment and accounted for 54.6% of total market volume in 2014. Growing natural surfactants and emulsifiers demand in soaps & detergents industry is expected to fuel fatty alcohols demand in this segment over the forecast period.
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Personal care is expected to witness the highest growth of 4.6% from 2015 to 2022. Growing consumer preference towards organic personal care products is expected to increase penetration of fatty alcohols in this segment.
Top Players of Fatty Alcohols Market:
Major companies operating in the global fatty alcohols market include Ecogreen Oleochemicals, Emery Oleochemcials, BASF, Kuala Lumpur Kepong (KLK), Oleon, Sasol, PT Muslim Mas and Kao Chemicals.
Market Segmentation of Fatty Alcohols Market:
The Fatty Alcohols Market segmented on the basis of Product, Product, Application and Region.
By Product:
C6-C10 Fatty Alcohols
C11-C14 Fatty Alcohols
C15-C22 Fatty Alcohols
By Application:
Soaps & Detergents
Personal Care
Lubricants
Amines
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
Inquire about Fatty Alcohols Market with Our Experts @ https://www.grandviewresearch.com/inquiry/992/ibb
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