The global fatty alcohols market size was valued at USD 5.14 billion in 2021 and is expected to reach USD 7.32 billion by 2028, at a CAGR of 5.1% during the forecast period 2022-2028. Fatty alcohols are biodegradable and can be used in the same way as petrochemicals can. They are also  less expensive alternative to petrochemicals. An increase in the supply of sourcing of raw materials in the form of oilseed is predicted to have a favorable influence on the production of fatty alcohols. As a result, broad possibilities for downstream applications are envisaged, increasing market penetration. sunflower oil, Soybean oil, safflower oil, tall oil, rapeseed oil, cattle tallow and palm oil, are all good sources of fatty alcohols.

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The surge in its application in surfactant-based industries is the primary factor driving market development. Fatty alcohol is often used in soaps, detergents, personal care, and textiles because of its detergent and washing properties, particularly in the preparation and treatment of silk and wool. Fatty alcohol up to C18 is biodegradable, whereas surfactants make fine-grained dye pigments easier to utilize, lowering the cost. Demand for biodegradable and renewable goods is likely to be a significant driving force for the global fatty alcohol sector as petrochemical dependency declines. The worldwide chemical industry is concerned about the volatile pricing of petrochemical produced goods due to supply-demand mismatches, which has spurred this move to bio-based chemicals businesses. Concerns about the environmental impact of petrochemicals have spurred the adoption of bio-based, sustainable chemicals. Industry has switched its attention to the creation of biodegradable goods and base chemicals using bio-based raw materials in order to minimize dependency on petrochemicals and reduces greenhouse gas emissions. In addition, due to expanding population and disposable income, the region's personal care sector is projected to boost the market throughout the projection period.

The global fatty alcohols market segmentation:

 

1) By Type: Higher Chain Fatty Alcohols, Long Chain Fatty Alcohols, Pure & Midcult Fatty Alcohols and Short Chain.

2) By Application: Food & Nutrition, Industrial & Domestic Cleaning, Lubricants, Personal Care, Pharmaceutical Formulations, Plasticizers and Others.

The fastest growing fatty alcohol market was Asia Pacific, which accounted for a considerable proportion. Increasing demand for soaps and detergents due to population expansion and rising disposable income in the region is projected to stimulate demand for fatty alcohols in the region. Asia Pacific is anticipated to be the highest expanding regional market, in addition to being the largest. Europe came in second behind Asia Pacific as the second-largest geographic market. Growing consumer understanding combined with rigorous regulations is expected to boost demand for fatty alcohols in North America throughout the projected period, resulting in moderate growth rate.

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Some of the major key players in fatty alcohols market, which includes Emery Oleochemicals (Malaysia), Godrej Industries Limited (India), Kao Corporation (Japan), Kuala Lumpur Kepong Berhad (Malaysia), Musim Mas Holdings (Singapore), Procter & Gamble (US), Royal Dutch Shell Plc. (Netherlands), Sasol (South Africa), VVF Ltd (India), Wilmar International Ltd (Singapore)

               

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