H1 2023: The key players in the Fatty Alcohol market in H1 2023 were Sasol SA, Royal Dutch Shell, and Kao Corporation. Indonesia and China were the leading producers of Fatty Alcohol in H1 2023. The Prices of Fatty Alcohol in the Indonesian market declined throughout the first three months of 2023. Stocks of upstream Palm Oil were increased in the Indonesia due to sluggish demand from the downstream surfactant and detergent industries. The fatty alcohol manufacturing sites’ operating rates were consistent. However, Fatty Alcohol prices rose in Indonesia in early April 2023. Fatty Alcohol market growth was aided by aggressive procurement from the downstream end-user sectors, as well as a rise in upstream Palm Oil prices. Furthermore, Malaysia kept its high export tariff on crude palm oil in May 2023, putting pressure on the importing countries and the Fatty alcohol manufacturing costs. Furthermore, prices for Fatty Alcohol began to fall from May 2023 in the Asian nations like China and Indonesia. It was due to fewer inquiries from the downstream surfactant and detergent businesses. On the supply side, stockpiling of the product in the Asian region also contributed to the recurrent decreases in Fatty Alcohol price. In the European market, the decline in demand for fatty alcohol from the downstream industries hampered Fatty Alcohol market growth in the first two months of 2023. Declining production costs, negative market attitudes, and restrictive monetary conditions all had an impact on the price shift witnessed in the German market for Fatty Alcohol. However, in late March 2023, tight supply of upstream Palm Oil added to the pressure on Fatty Alcohol production costs and led to inclination of its prices in Germany.
H1 2022: During H1 2022, the total production of fatty alcohol had reached nearly 1900 thousand tonnes. The key market players in terms of production were PT. Ecogreen Oleochemicals, Kao Corporation, and Musim Mas Holdings Pte Ltd. Across Asia Pacific region, prices for fatty alcohol dropped in the beginning of H1 2022, and then the prices began to stabilize in the middle of the significant manufacturers dealt with a supply gap between exporters and importers of feed. Additionally, there were feed palm oil shortages in the primary raw material producing nations. The demand from the personal care and surfactant sectors continued to be strong in developing nations like India and China. Furthermore, Europe captured roughly 20% of the market in H1 2022. In Europe, Fatty Alcohol prices initially shown a bearish trend, but the prices rose significantly due to a shortening of raw material, i.e., palm oil. Palm oil prices soared in Europe’s market owing to the reducing in the exports from the Asian countries of Indonesia and Malaysia. The market had a discrepancy between supply and demand, which led to an increase in the market price of fatty alcohol across Europe.
H2 2022: In H2 2022, the total production was found to be higher than in H1 2022. The end-user industries led to lucrative market growth in H2 2022. Based on region, Asia Pacific region was the biggest consumer all across the globe. Asia Pacific maintained its dominance in H2 2022 with China and India being the primary consuming countries. In the Asia Pacific region the prices of fatty alcohol rose with the coming of the festive season in countries like India, but soon fluctuated in the remaining months of H2 2022. In H2 2022, the prices first decreased and then increased across the Asia Pacific region. The market fundamentals for fatty alcohol were under pressure due to shifting raw material prices. The overproduction of upstream palm oil stockpiles in significant producing nations, such as Indonesia, caused to more affordable import offers. Additionally, the demand from the downstream surfactant and detergent sectors grew in during the months of September and October, which improved the prices of fatty alcohol in the Asia Pacific market. Geographically, Europe and North America also held considerable market shares of Fatty Alcohol. Although, Europe was leading among these two regions. The region's access to natural gas has been limited by the sanctions that European countries had placed on Russia. The rise in the price of raw materials has increased the costs of manufacturing, thus affecting the price of the commodity. The supply side witnessed a significant disruption caused by the conflict between Russia and Ukraine that affected the price dynamics of fatty alcohol in Germany's market.
The global Fatty Alcohol market marked a demand of approximately 3900 thousand tonnes in 2022 and is expected to grow at a steady CAGR of 4.74% during the forecast period until 2030.
Fatty alcohols are high molecular weight and long-chain alcohols, consisting of a chain of 3 to greater than 27 carbon atoms, derived from fats and oils. Some of them are saturated or unsaturated, colorless oily liquids (for smaller carbon numbers), or waxy solids. There are various types of Fatty Alcohols depending upon the length of carbon chain present such as Lauryl Alcohol, Cetostearyl Alcohol, Cetyl Alcohol and Stearyl Alcohol. These are extensively used in various end use industries like Lauryl Alcohol is used as a wetting agent (for reducing surface tension in liquids) or as an emulsifier (in Paints and Coatings) as well as in Personal care and Cosmetics. Due to their amphipathic nature, Fatty Alcohols behave as non-ionic surfactants and thus are mainly used in the production of detergents and surfactants. Fatty Alcohols are widely used as co-emulsifiers, emollients, thickeners, and solubilizing agents in the cosmetics, agriculture, textile, food, and pulp & paper industries. Also, alcohol surfactants are used as lipophilic solubilizers in the pharmaceutical industry for lotions & ointments. Most of the Fatty Alcohols occur naturally and the rest of them are synthetic.
In the forecast period, it is anticipated that most likely will be an upsurge in the demand for pharmaceuticals, personal hygiene, and sanitation products along with soaps and detergents which are dependent on Fatty Alcohol as the raw material, which will, in turn, most likely boost the market for Fatty Alcohols. Moreover, rising environmental concerns are encouraging consumers to use eco-friendly products. Fatty alcohols are preferred for producing cosmetics and personal care products in comparison with petrochemical-based alternatives. Therefore, the inclination towards biodegradable and sustainable cosmetic products is further set to fuel the demand for Fatty Alcohols in the forecast period. The global Fatty Alcohol market is anticipated to reach approximately 5500 thousand tonnes by 2030.
Asia Pacific has the highest demand for Fatty Alcohol. This region accounted for a market share of about 45% of the global Fatty Alcohol market in 2022. The exponential rise due to the increasing demand of application industries such as detergents and cleaners is anticipated to propel market growth in these regions. Due to the expanding population, the demand for cleaning supplies is rising quickly across these developing nations. Additionally, Europe is the second largest consumer of fatty alcohol. Moreover, further rise as a result of the rising awareness and demand for environment-friendly biodegradable materials is further contributing to the demand for fatty alcohol in countries like Belgium, France, and Germany. Additionally, Asia Pacific is the leading producer of Fatty Alcohol with Indonesia and China being the key players for the manufacturing of Fatty Alcohol. It is due to the high number of plants that are located in these regions utilizing the technology and efficiency to produce Fatty Alcohol.
Based on type, the Fatty Alcohol market is segmented into C6-C11 Fatty Alcohols, C12-C14 Fatty Alcohols, C14-C18 Fatty Alcohols, and Others. Among these, C12-C14 Fatty Alcohols are the most prominent ones and mostly find applications in the detergent sector as a solvent for producing detergents and other surfactants. Furthermore, the cosmetic and food industries employ C12-C14 Fatty Alcohol as an emulsifier, emollient, and thickener.
Based on the end-user industry, the Fatty Alcohol market is segmented into sectors like Industrial & Domestic Cleaning, Personal care, Lubricants, Plasticizers, Pharmaceutical Formulations, Food & Nutrition, and Others. Among these, Industrial & Domestic Cleaning is dominating the Fatty Alcohol market followed by the Personal care industry. In 2022, the Industrial & Domestic Cleaning industry consumed approximately 50% of the market. This industry is anticipated to dominate the global Fatty Alcohol market owing to the rising awareness and hygiene in countries all across the globe with rising per capita income.
Significant companies for Global Fatty Alcohol market are Royal Dutch Shell, BASF SE, Sasol SA, Kao Corporation, KLK Oleo, VVF (India) Limited, Godrej Industries Limited, Procter and Gamble, Zhejiang Jiahuam, Zhejiang Heng Xiang Chemical, Teck Guan, Sinarmas Cepsa Pte. Ltd., Musim Mas Holdings Pte Ltd, Oxiteno S.A. Indústria e Comércio, Emery Oleochemicals, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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The objective of the Study:
•To assess the demand-supply scenario of Fatty Alcohol, which covers the production, demand, and supply of Fatty Alcohol around the globe.
•To analyze and forecast the market size of Fatty Alcohol.
•To classify and forecast the Global Fatty Alcohol market based on end-use and regional distribution.
•To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Fatty Alcohol market.
To extract data for the Global Fatty Alcohol market, primary research surveys were conducted with Fatty Alcohol manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Global Fatty Alcohol market over the coming years.
ChemAnalyst calculated Fatty Alcohol demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Fatty Alcohol. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Fatty Alcohol manufacturers and other stakeholders
• Organizations, forums and alliances related to Fatty Alcohol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Fatty Alcohol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Fatty Alcohol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
3900 thousand tonnes
Market size Volume by 2030
5500 thousand tonnes
Growth Rate
CAGR of 4.74% from 2023 to 2030
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2030
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2030
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Capacity by Technology, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
Segments covered
By Type: (C6-C11 Fatty Alcohols, C12-C14 Fatty Alcohols, C14-C18 Fatty Alcohols, and Others)
By End-Use: (Industrial & Domestic Cleaning, Personal care, Lubricants, Plasticizers, Pharmaceutical Formulations, Food & Nutrition, and Others
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Fatty Alcohol market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Fatty Alcohol.
3. Capacity By Location
To better understand the regional supply of Fatty Alcohol by analyzing its manufacturers' location-based capacity.
4. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
5. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
6. Production By Company [Quarterly Update]
Study the historical annual production of Fatty Alcohol by the leading players and forecast how it will grow in the coming years.
7. Demand by Type
Learn about the various types- C6-C11 Fatty Alcohols, C12-C14 Fatty Alcohols, C14-C18 Fatty Alcohols, and Others, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
8. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Industrial & Domestic Cleaning, Personal care, Lubricants, Plasticizers, Pharmaceutical Formulations, Food & Nutrition, and Others) are creating a market and the forecast for the growth of the Fatty Alcohol market.
9. Demand by Region
Analyzing the change in demand of Fatty Alcohol in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
10. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Fatty Alcohol. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
11. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Fatty Alcohol.
12. Company Share
Figure out what proportion of the market share of Fatty Alcohol is currently held by leading players across the globe.
13. Country-wise Export
Get details about quantity of Fatty Alcohol exported by major countries.
14. Country-wise Import
Get details about quantity of Fatty Alcohol imported by major countries.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the global market size of Fatty Alcohol in terms of volume for 2022?
Ans:
The global market size of Fatty Alcohol was approximately 3900 thousand tonnes in 2022, and it is expected to soar with a CAGR of 4.74% in the forecast period.
Q2.
What are the major end-use industries of Fatty Alcohol?
Ans:
Fatty Alcohol is used in a wide range of end use industries Industrial & Domestic Cleaning, Personal care, Lubricants, Plasticizers, Pharmaceutical Formulations, and Food & Nutrition.
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Ans:
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