Kenneth Research published a report titled “Fatty Alcohol Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global fatty alcohol market in terms of market segmentation by application, type, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global fatty alcohol market is expected to grow at ~5% CAGR over the forecast period, i.e., 2022-2031. The market is segmented by application into cosmetics & personal care, pharmaceuticals, food, detergents & cleansers, and others. Out of these, the cosmetics & personal care segment is anticipated to hold the largest share in the global fatty alcohol market over the forecast period. This can be attributed to the surge in demand for cosmetics & personal care products by consumers and an increase in their disposable personal income.
There has been a rise in the demand for personal hygiene products by consumers owing to the increase in awareness related to health is expected to increase the growth of the global fatty alcohol market. Moreover, the urge of consumers to buy biodegradable products is another factor expected to drive the growth of the global alcohol market.
Geographically, the global fatty alcohol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of them, the market in the Asia Pacific region is estimated to witness noteworthy growth by the end of 2031 owing to the surge in the disposable personal income of the consumers, an increase in the population base, and a rise in the demand for fatty alcohol for use in cosmetics & personal care products by the manufacturers.
Increase in the Disposable Personal Income to Drive the Growth of the Market
The US Bureau of Economic Analysis, estimated that disposable personal income climbed by USD 89.7 billion in March 2022, while personal consumption increased by USD 185.0 billion.
Backed by the increase in disposable personal income, there has been a rise in the demand for products that contains fatty alcohol as an ingredient. Therefore, it is expected to drive the growth of the global fatty alcohol market.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, instability in the price of raw materials for manufacturing fatty alcohol and high processing cost of fatty alcohol are expected to operate as key restraint to the growth of global fatty alcohol market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global fatty alcohol market which includes company profiling of Univar Solutions Inc., Procter & Gamble Company, BASF SE, Wilmar International Limited, Sasol Limited, Croda International plc, Kao Corporation, Emery Oleochemicals, SABIC, KLK OLEO, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fatty alcohol market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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