A 6.4% compound annual growth rate (CAGR) is projected for the global naturally derived fatty alcohol market from 2022 to 2032, with 2022 revenues of USD 2821 Million and 2032 revenues of USD 5250.82 Million.
| Report Attribute | Details |
|---|---|
| Naturally Derived Fatty Alcohol Market Value (2022) | USD 2821 Million |
| Naturally Derived Fatty Alcohol Market Anticipated Value (2032) | USD 5250.82 Million |
| Naturally Derived Fatty Alcohol Projected Growth Rate (2032) | 6.4% |
The major forces impacting the naturally derived fatty alcohol market forward are:
A large portion of the naturally derived fatty alcohol market's revenue is anticipated to come from sales of soaps and detergents. The rising importance of personal hygiene and the rising standard of living in developing nations are expected to fuel the expansion of this naturally derived fatty alcohol market. Additionally, the industry is anticipated to benefit from the growing interest in both household and industrial cleaning products to promote health and safety.
During the foreseen time period, the personal care market is expected to grow into the naturally derived fatty alcohol market's second-largest subsector. The increasing purchasing power of consumers in Asia and the Pacific has led to a surge in demand for luxury personal care items.
The pure and mid-cut section of the naturally derived fatty alcohol market is expected to be worth USD 2.68 billion by the year 2022. The market for product segments is expected to be driven by the increasing demand for pure and mid-cut alcohol, particularly in the Asia-Pacific region.
Sodium Laureth ether sulfate (SLES) is a significant foaming agent used in the production of shampoos and body washes and is derived from fatty alcohols.
The demand for sustainable products has increased around the world as people become more aware of the hazards posed by petroleum-based goods. Companies have started using more sustainable materials in response to rising consumer demand for bio-based products.
Alcohols made from bio-based oleochemicals are recyclable and have a lower toxicity profile than their traditional counterparts. As a result of their low toxicity, these alcohols are in high demand in the cosmetics and pharmaceutical sectors.
One such palm oil and palm kernel oil alcohol is WILFAROL 1698, which is sold by Wilmar International. KLK OLEO, another major producer, sells a line of fatty alcohols made from vegetable oils under the brand name PALMEROL. REACH, and other regulatory agencies efforts to limit the negative environmental impacts of petroleum-based products are another factor expected to fuel the demand for naturally derived fatty alcohol.
Rising demand for surfactants is expected to fuel the naturally derived fatty alcohol industry expansion
Soaps and detergents, which rely on surfactants, are experiencing meteoric growth in demand for naturally derived fatty alcohol. Fatty alcohol surfactants have several applications in the food, fiber, and beauty industries. They serve a variety of purposes, including wetting and cleansing, solubilizing, and emulsifying.
Since they have useful qualities, fatty alcohols are likely to be in high demand. Naturally derived fatty alcohol market expansion is also anticipated to be bolstered by the rising demand for personal care goods like liquid soaps and hand sanitizers to curb the spread of COVID-19.
Raw material cost volatility is likely to stunt the development
Tallow, palm oil, rapeseed oil, and others are used in the production of fatty alcohols. Countries in the Asia-Pacific region, such as Indonesia and Malaysia, are important sources of this commodity. Raw materials for other parts of the world, such as North America and Europe, come primarily from Asian countries.
Thus, raw material price swings are sensitive to the trade situations in these areas. Another factor working against the expansion of the naturally derived fatty alcohol market is the Indian government's recent decision to impose limitations on the import of refined palm oil.
In 2020, the Asia Pacific naturally derived fatty alcohol market was worth USD 1.47 billion. As the demand from the personal care & cosmetics, and surfactant sectors continues to rise, it is the primary factor driving naturally derived fatty alcohol market expansion.
The naturally derived fatty alcohol market would expand thanks to the rising middle classes in emerging economies like India, China, and South Korea. Not only is that, but an increase in the usage of soaps and detergents is also being seen in China, the world's largest producer of such products.
The increasing need for surfactants is a major factor in the expansion of the naturally derived fatty alcohol market in North America. Because of the COVID-19 pandemic, there is expected to be a surge in demand for disinfectants and other cleaning supplies in this area. For the duration of the forecast, North America is projected to account for 34.8% of the naturally derived fatty alcohol market.
Demand from the personal care sector is skyrocketing in Europe, shaping the naturally derived fatty alcohol market. Moreover, the rising demand for liquid soaps is another factor driving the expansion of the naturally derived fatty alcohol market.
Nearly 12.6 million tons of soaps and detergents were produced in the European Union in 2018, with detergents and washing preparations accounting for 81% and soap and organic surface-active products accounting for 19%. High demand from a wide variety of lubricant manufacturers is expected to fuel the demand for naturally derived fatty alcohol in Latin America and, the Middle East & Africa.
With the expanding naturally derived fatty alcohol market, both new and established players are beginning to turn their focus to the production of bio-based products. Market leaders for naturally derived fatty alcohols include companies like BASF, P&G, Sasol, Shell Chemicals, Ecogreen oliochemicals, Kao chemicals, Willmar oleo, Musim Mass, Emery Oleo, Oxiteno, Jiahua, etc.
| Report Attribute | Details |
|---|---|
| Growth Rate | 6.4% |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Sources, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA; Canada; Brazil; Argentina; Germany; United Kingdom; France; Spain; Italy; Nordics; BENELUX; Australia & New Zealand; China; India; ASEAN; GCC Countries; South Africa |
| Key Companies Profiled | BASF, Procter & Gamble (P&G), Sasol, Shell Chemicals, Ecogreen oliochemicals, Kao chemicals, Willmar oleo, Musim Mass, Emery Oleo, Oxiteno, Jiahua |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Tons) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Sources, 2017 to 2032
Table 4: Global Market Volume (Tons) Forecast by Sources, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 6: Global Market Volume (Tons) Forecast by Application, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 8: North America Market Volume (Tons) Forecast by Country, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Sources, 2017 to 2032
Table 10: North America Market Volume (Tons) Forecast by Sources, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 12: North America Market Volume (Tons) Forecast by Application, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Sources, 2017 to 2032
Table 16: Latin America Market Volume (Tons) Forecast by Sources, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 18: Latin America Market Volume (Tons) Forecast by Application, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Tons) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ Million) Forecast by Sources, 2017 to 2032
Table 22: Europe Market Volume (Tons) Forecast by Sources, 2017 to 2032
Table 23: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 24: Europe Market Volume (Tons) Forecast by Application, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Asia Pacific Market Volume (Tons) Forecast by Country, 2017 to 2032
Table 27: Asia Pacific Market Value (US$ Million) Forecast by Sources, 2017 to 2032
Table 28: Asia Pacific Market Volume (Tons) Forecast by Sources, 2017 to 2032
Table 29: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 30: Asia Pacific Market Volume (Tons) Forecast by Application, 2017 to 2032
Table 31: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 32: MEA Market Volume (Tons) Forecast by Country, 2017 to 2032
Table 33: MEA Market Value (US$ Million) Forecast by Sources, 2017 to 2032
Table 34: MEA Market Volume (Tons) Forecast by Sources, 2017 to 2032
Table 35: MEA Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 36: MEA Market Volume (Tons) Forecast by Application, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Sources, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Volume (Tons) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Sources, 2017 to 2032
Figure 9: Global Market Volume (Tons) Analysis by Sources, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Sources, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Sources, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 13: Global Market Volume (Tons) Analysis by Application, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 16: Global Market Attractiveness by Sources, 2022 to 2032
Figure 17: Global Market Attractiveness by Application, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ Million) by Sources, 2022 to 2032
Figure 20: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Tons) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ Million) Analysis by Sources, 2017 to 2032
Figure 27: North America Market Volume (Tons) Analysis by Sources, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Sources, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Sources, 2022 to 2032
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 31: North America Market Volume (Tons) Analysis by Application, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 34: North America Market Attractiveness by Sources, 2022 to 2032
Figure 35: North America Market Attractiveness by Application, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) by Sources, 2022 to 2032
Figure 38: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) Analysis by Sources, 2017 to 2032
Figure 45: Latin America Market Volume (Tons) Analysis by Sources, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Sources, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Sources, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 49: Latin America Market Volume (Tons) Analysis by Application, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Sources, 2022 to 2032
Figure 53: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ Million) by Sources, 2022 to 2032
Figure 56: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Tons) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) Analysis by Sources, 2017 to 2032
Figure 63: Europe Market Volume (Tons) Analysis by Sources, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Sources, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Sources, 2022 to 2032
Figure 66: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 67: Europe Market Volume (Tons) Analysis by Application, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 70: Europe Market Attractiveness by Sources, 2022 to 2032
Figure 71: Europe Market Attractiveness by Application, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: Asia Pacific Market Value (US$ Million) by Sources, 2022 to 2032
Figure 74: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 77: Asia Pacific Market Volume (Tons) Analysis by Country, 2017 to 2032
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Sources, 2017 to 2032
Figure 81: Asia Pacific Market Volume (Tons) Analysis by Sources, 2017 to 2032
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Sources, 2022 to 2032
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Sources, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 85: Asia Pacific Market Volume (Tons) Analysis by Application, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 88: Asia Pacific Market Attractiveness by Sources, 2022 to 2032
Figure 89: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 91: MEA Market Value (US$ Million) by Sources, 2022 to 2032
Figure 92: MEA Market Value (US$ Million) by Application, 2022 to 2032
Figure 93: MEA Market Value (US$ Million) by Country, 2022 to 2032
Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 95: MEA Market Volume (Tons) Analysis by Country, 2017 to 2032
Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: MEA Market Value (US$ Million) Analysis by Sources, 2017 to 2032
Figure 99: MEA Market Volume (Tons) Analysis by Sources, 2017 to 2032
Figure 100: MEA Market Value Share (%) and BPS Analysis by Sources, 2022 to 2032
Figure 101: MEA Market Y-o-Y Growth (%) Projections by Sources, 2022 to 2032
Figure 102: MEA Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 103: MEA Market Volume (Tons) Analysis by Application, 2017 to 2032
Figure 104: MEA Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 105: MEA Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 106: MEA Market Attractiveness by Sources, 2022 to 2032
Figure 107: MEA Market Attractiveness by Application, 2022 to 2032
Figure 108: MEA Market Attractiveness by Country, 2022 to 2032
Europe is anticipated to lead the naturally derived fatty alcohol market during the forecast period.
The naturally derived fatty alcohol market is likely to hold a valuation of USD 5250.82 Million by 2032.
The growth outlook of the naturally derived fatty alcohol market is predicted to advance at a CAGR of 6.4% from 2022 to 2032.
Explore Similar Insights
Naturally Derived Fatty Alcohol Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
