The global fatty alcohols market size is projected to reach USD 7.0 billion by 2025, at a CAGR of 5.2% during the forecast period. The demand for fatty alcohol is primarily driven by the growing demand for fatty alcohol in the home and personal care industry. Furthermore, the consumption of fatty alcohol in the emerging clusters of APAC is increasing mainly because of the rising per capita expenditure on personal care products and the abundant availability of raw materials and cheap labor force. Apart from the above trends, the corona outbreak also has an impact on the fatty alcohol market as there is an increase in demand for industrial & domestic cleaning applications.
To know about the assumptions considered for the study download the pdf brochure
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 rising demand for fatty alcohols from different end-use applications such as industrial & domestic cleaning, personal care, plasticizers, and lubricants are propelling the growth of the fatty alcohols market globally. However, factors such as the global economic slowdown and limited receiving terminal infrastructure in APAC could affect market growth.
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), and Kao Corporation (Japan), are some of the key players dealing in fatty alcohols globally. These companies have focused on expansion, joint ventures, and mergers & acquisition as their key business strategies to be competitive in the market.
The Kao Corporation completed a joint venture with Apical Group, one of the largest exporter of palm oil in Indonesia. A new factory, PT Apical Kao Chemical, will increase the production capacity of oleochemicals and strengthen its supply chain in Southeast Asia.
Kuala Lumpur Kepong Berhad, one of the leading companies operating in the fatty alcohols market, opened a research and development center, along with reactor specialty ester plant, in Klang, Selangor. This R&D facility will enable the company to develop and support its global oleochemical business.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=245021082
About MarketsandMarkets™
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, and 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, “Knowledge Store” 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.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/fatty-alcohol-market-245021082.html