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Global and Japan Fatty Alcohol Market: Segmented: By Application(Lubricants, Industrial & Domestic Cleaning, Plasticizers, Food & Nutrition and Personal Care);By Type (Pure & Mid Cut, short Chain, Long Chain, and Higher Chain); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Global and Japan Fatty Alcohol Market to surpass USD 9 Billion by 2030, which is valued at 5.12 billion in 2019 at a compound annual growth rate of 5.10%
Fatty alcohols are primary alcohols consisting of high molecular mass. They range from 4-6 carbon to 24-25 carbon and are derived from naturally occurring oils and fats. The length of the chain relies on the source. Some commercially important fatty alcohols are myristyl alcohol (C14), stearyl alcohol (C18), lauryl alcohol (C12), behenyl alcohol (C22), and cetyl alcohol (C16). They are colorless oily fluids (for smaller carbon numbers) or waxy solids, whereas adulterated samples can appear yellowish. Fatty alcohols typically have an even number of carbon atoms and a unique alcohol group (– OH) bonded to the terminal carbon. Some of them are unsaturated and while others are branched. They are commonly used in industrial applications. The number of carbon atoms in the molecule, including 'a C12 alcohol,' which is an alcoholic with 12 carbons, for example, dodecanol, is often referred to as generically fatty acids.
According to the report, rising demand for fatty acids, combined with growing numbers of surfactant-based industries are the main drivers of global market growth in fatty alcohol. Most grooming products, detergents, soaps, oil, etc. often use fatty alcohol, and therefore there is a rise in the number of businesses. Another aspect that drives global demand growth is the abundance of cheap raw materials available in developing nations. Also, a growing population and increased demand for cosmetics, cleaning products, gas, etc. are anticipated to augment market growth globally in fatty alcohols in the forecasted period.
Global and Japan market has been segmented based on type, application, and location. It has been further segmented by countries into Eastern Japan, Western Japan, Southern Japan, and Northern Japan.
The Pure & Mid Cut is anticipated to register XX% of the volume share.
Global and Japan Fatty Alcohol Market is segmented by type into Pure & Mid Cut, short Chain, Long Chain, and Higher Chain During the projected timeframe, the pure and mid-cut segments represented the huge market share. Market growth in this sector is based on the tremendous growth of Sodium Laureth Sulfate (SLS) and Sodium Lauryl Ether Sulfate (SLES), which are used in many items for personal grooming, such as soaps, shampoos, toothpaste, and other items. This fuels segment growth during the forecast period.
Industrial & Domestic cleaning segment accounted for XX% of the nation’s volume in 2019
Global and Japan Fatty Alcohol market is segmented by application into Lubricants, Industrial & Domestic Cleaning, Plasticizers, Food & Nutrition, and Personal Care Owing to enhanced living standards and rising purchasing power parity for low-income groups in developing nations like Asia pacific region, the industrial and domestic cleaning segment is rising exponentially. The need for industrial and household cleaning is also growing, with fatty alcohols used to maintain a cleaner and safer environment, such as a foam device, an emollient, antistatic agent, and a pacificator in powders and liquid goods.
COVID-19 outbreak
In surfactant industries, products such as personal care and cosmetics and soap & detergents, the market spread of natural fatty alcohols have increased. As a result of the global COVID-19 pandemic, the use of home care and personal care items is becoming increasingly important as people are becoming conscious. There has been substantial growth in requirements for surfactant-based products such as detergents or cleaning soap. As a preventative measure against the spread of coronavirus, demand for soaps, hand sanitizers, and other personal items is growing.
Application in end-user vertical
Fatty alcohols are used in agricultural activities as they provide an excellent cleaning and wetting agent. This property makes fatty alcohol applicable in the paper, textile, and cosmetic industry. In the healthcare market, these alcoholic surfactants are used for lotions and ointments such as lipophilic solubilizes. These roles and characteristics of fatty alcohol in the home care and health care industry are expected to drive their market.
Variable price
Variable prices of raw material may hinder worldwide market growth in fatty alcohol. Moreover, the excess fatty alcohol output by manufacturing firms is another factor that may contribute to a rise in fatty alcohol supply that could impact prices negatively.
The expansion of global fatty alcohol markets in Japan is driven by the rising number of industries based on surfactants such as plastics, polymers, food processing, etc. Moreover, the growth of the target market in the region is driven by the growing disposable income and changing lifestyles of the demography. Globally, Due to its rising use in different industry verticals such as personal care, industrial, and home cleaning applications, Asia - Pacific is the biggest and fastest-growing fatty alcohol industry. Demand growth in China, South Korea, Taiwan is due to the increasing population, increasing disposable incomes, and economic development. These figures are anticipated in the projected timeframe to increase the demand for fatty alcoholics in the region. The region in the Japan segment can be further divided into four major types including Eastern Japan, Northern Japan, Western Japan, and Southern Japan.
Key players depend on national and local suppliers to expand their share and their worldwide economy reach. Mergers and acquisitions are one of the main approaches used in this market. Inorganic growth approaches are being implemented by businesses to meet rising competition in the main emerging markets, such as purchases of the fatty alcohol market. These tactics helped businesses to build a wider base of customers and partners in the key markets. The needs of end-user segments for fatty alcohol change constantly, making continuous investment in R&D and innovative solutions essential for manufacturers.
Company Overview, Business Strategy., Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Global and Japan Fatty Alcohol Market size was estimated at USD 5.12 billion in 2019 and is expected to reach USD 9 Billion by 2030
Kao Corporation (Japan), Kuala Lumpur Kepong Berhad (Malaysia), Emery Oleo Chemicals (Malaysia), Royal Dutch Shell Plc. (Netherlands), Procter & Gamble (US), Musim Mas Holdings (Singapore), Wilmar International Ltd. (Singapore), Sasol (South Africa), Godrej Industries Limited (India), and Other prominent players
The Pure & Mid Cut and Industrial & Domestic cleaning segment are anticipated to hold the Global and Japan Fatty Alcohol Market
COVID-19 outbreak and Application in end-user vertical
Fatty alcohols are primary alcohols consisting of high molecular mass. They range from 4-6 carbon to 24-25 carbon and are derived from naturally occurring oils and fats. The length of the chain relies on the source. Some commercially important fatty alcohols are myristyl alcohol (C14), stearyl alcohol (C18), lauryl alcohol (C12), behenyl alcohol (C22), and cetyl alcohol (C16).
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