Pune, Nov. 24, 2020 (GLOBE NEWSWIRE) — The global fatty alcohol market is set to gain traction from the rising demand for bio-based products. Hence, manufacturers are shifting towards using eco-friendly ingredients. This information is given by Fortune Business Insights™ in a new report, titled, “Fatty Alcohol Market Size, Share & COVID-19 Impact Analysis, By Product (C6-C10, C11-C14, and C15-C22), By Application (Soaps & Detergents, Personal Care, Lubricants, Amines, and Others) and Regional Forecast, 2020-2027.” The report further states that the fatty alcohol market size was USD 5.08 billion in 2019 and is projected to reach USD 7.40 billion by 2027, exhibiting a CAGR of 5.2% during the forecast period.
COVID-19 Pandemic: Shutdown of Production Facilities to Decline Growth
The emergence of the COVID-19 pandemic is set to take a toll on the fatty alcohol industry. The main reason behind this is the rapid slowdown in the manufacturing sector. Prominent companies, such as Wilmar International Limited are shutting down their production facilities to prevent the transmission of coronavirus. Also, restrictions on the transportation of materials are disrupting supply chains of raw materials. Our research analysts have curated special reports to help you increase sales amid this grave situation.
What Does This Report Contain?
- Elaborate data about the segments in the market.
- Historical, present, and estimated size of the market.
- Profiles of prominent players and their crucial strategies.
- Elaborate analysis of growth drivers in the market.
Get Sample PDF Brochure with Impact of COVID19:
List of all the renowned fatty alcohol manufacturers operating in the global market:
- Godrej Industries (India)
- Berg + Schmidt (Germany)
- Wilmar International Ltd (Singapore)
- KLK OLEO (Malaysia)
- SABIC (Saudi Arabia)
- P&G Chemicals (U.S.)
- Musim Mas (Singapore)
- VVF L.L.C. (India)
- Sasol (South Africa)
- Emery Oleochemicals (Malaysia)
- Royal Dutch Shell (Netherlands)
- Univar Solutions Inc. (U.S.)
- BASF SE (Germany)
- Other Players
Drivers & Restraints
High Demand for Soaps & Detergents to Spur Growth
The rising demand for surfactants, such as detergents and soaps is set to boost the fatty alcohol market growth in the coming years. Besides, surfactants infused with fatty alcohols are extensively used for numerous purposes in cosmetics, paper & pulp, and agriculture industries. However, raw materials, such as rapeseed oil, palm oil, and tallow are the major raw materials used for the production of fatty alcohols. Fluctuations in their prices may hinder growth.
Full story available on Benzinga.com