Fatty alcohols are oleochemicals
which are colorless waxy solids primarily derived from natural fats and oils.
In addition, fatty alcohols can be manufactured synthetically from
petrochemicals such as olefins and paraffin. Fatty alcohols are mainly used in
manufacture of detergents and surfactants. Moreover, they are used in various
other applications such personal care products, textiles and leather,
agriculture, polymer processing and printing. Fatty alcohols perform various
functions such as solubilizing, floatation, lubricant, emulsifier and
superfatting.
Escalating demand in end-user markets
such as personal care products and surfactants due to the growing population is
expected to drive the market over the forecast period. In addition, growing
demand for organic and environmental friendly products is expected to further
fuel the market. However, fluctuating raw material prices of vegetables as well
as petrochemicals is expected to hamper the growth of fatty alcohols
market.
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Presently, Europe accounts for the
highest consumption of fatty alcohols. Growing population in economically emerging
nations such as China and India are expected to increase the demand for
detergents and surfactants. In addition, demand for personal care products is
expected to rise substantially on account of growing disposable income of
consumers in this region. in addition, reformulation of end-use products which
results in increased biodegradability and lower prices is expected to open new
opportunities for this market.
Some of the leading manufacturers of
fatty alcohols include BASF Corporation, AkzoNobel, Croda Chemicals Company,
Eastman Chemicals, Evonik and Ecogreen Oleochemical, PT among others
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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