Fatty Alcohols Market
REPORT DESCRIPTION
Fatty Alcohols( C6-C10, C11-C14, C15-C22 and Others) Market for Detergents & Soaps, Personal Care, Plasticizers, Lubricants, and Other Applications- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015- 2023
The growing accessibility of raw materials such as corn, rapeseed, and soy in Indonesia, Malaysia, and China, manufacturers of fatty alcohols are focus on Asia Pacific instead of North America and Europe, states Transparency Market Research( TMR) in a research report. Manufacturers are thus motivated towards expanding their production divisions in the Asia Pacific region.
Companies operating in the global fatty alcohols market can benefit from the opportunities arising from the escalating sales of beauty products and cosmetics in BRICS countries. The chief participants in the market include Wilmar International Ltd., Musim Mas Holdings, VVF L. L. C., Procter & Gamble Emery Oleochemicals, Ecogreen Oleochemicals, Kuala Lumpur Kepong Berhad, Kao Corporation, Royal Dutch Shell plc., and Sasol Limited.
The global fatty alcohols market is expected to expand at a 5.1 % CAGR from 2015 to 2023. The market is projected to rise to US $ 5.48 bn by the end of 2023 from a valuation of US $ 3.52 bn in 2014.
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Consumption of C11-C14 to Intensify across Several End-Use Industries On the basis of volume, the C11-C14 fatty alcohols surfaced as the leading product segment in the global market for fatty alcohols. In 2014, it accounted for a share of almost 50 %. It is predicted to hold on to a lead until 2023. The chief cause behind the dominance of C11-C14 fatty alcohols is its wideranging application. C11-C14 is also projected to lead the market based on growth until 2023 closely trailed by C15-C22 fatty alcohols owing to its growing demand from various end-use industries. Among the applications, the detergents and soaps segment headed the market in 2014 with a share of around 60 %. Nevertheless, personal care is expected to emerge as the leading segment in terms of growth.
Transparency Market Research
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