About Higher Fatty Alcohol
Fatty alcohol is high-molecular-weight, straight-chain primary alcohols and is found as waxes which are esters with fatty acids and fatty alcohols. The higher fatty alcohol market has high growth prospects owing to increasing demand from the cosmetics and personal care industry. Also, for the industrial and household cleanliners and detergents made from fatty alcohol which is boosting the higher fatty alcohol market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Higher Fatty Alcohol market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Musim Mas Holdings (Singapore), Emery Oleochemicals (Malaysia), Procter & Gamble (United States), VVF Ltd (India), Wilmar International (Singapore), Kuala Lumpur Kepong Berhad(KLK) (Malaysia), Sasol (South Africa), Godrej Industries Limited (India), Royal Dutch Shell PLC (The Netherlands), Oxiteno (Brazil) and Ecogreen Oleochemicals (Singapore) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Timur Oleochemicals (Malaysia), Teck Guan Holdings (Brunei) and Berg + Schmidt GmbH & Co. (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Higher Fatty Alcohol market by Type (Short Chain, Pure & Midcut, Long Chain and Higher Chain), Application (Soaps & Detergents, Creams, Lotions, Shampoos and Bath Oils) and Region.
On the basis of geography, the market of Higher Fatty Alcohol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Domestic Cleaning will boost the Higher Fatty Alcohol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Spending on Skincare Products
Market Growth Drivers:
Growing Personal Care and Cosmetic Industry in Emerging Countries and Increasing Adoption of Household and Industrial Cleaners
Challenges:
Fluctuation in the Price of Raw Material
Restraints:
High Manufacturing Cost
Opportunities:
Growing Manufacturers Investment in Detergent Product Enhancement and Increasing Research and Development Activities related to Cosmetic Industry
Market Leaders and their expansionary development strategies
In November 2022, Sinarmas Cepsa Pte. Ltd signed a memorandum of understanding (MoU) with Singaporean palm oil producer Golden Agri-Resources (a subsidiary of SinarMass) to expand bio-based chemicals production. Through the expansion, the company has increased fatty alcohol output at its site in Lubuk Gaung, Indonesia.
In March 2023, KLK K Emmerich GmbH (KLK OLEO's wholly-owned subsidiary) announced the acquisition of 90% equity interest in TemixOleo SpA. Through the acquisition, the company has strengthened its product portfolio for fatty alcohols.
Key Target Audience
Raw Material Suppliers, Potential Investors, Cosmetic Industry, Manufacturer of Detergent and Soaps and Research and Development Organisation
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.