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
With the robust growth of the petrochemical industry worldwide, the global fatty alcohols market is anticipated to rake in a healthy share of the pie. Fatty alcohols are used across numerous industries including soaps and detergents, plasticizers, cosmetics and personal care, metal working fluids, flavors, and fragrances. Therefore, the rising consumption of personal care ingredients and cleaning agents and detergents is providing a tremendous boost to the growth of the market.
On the flip side, the fluctuating prices of crude oil are adversely affecting the growth of the market. The production of fatty alcohols is highly dependent on crude oil since synthetic fatty alcohols are manufactured using petrochemicals and petrochemicals are derivatives of crude oil. Moreover, the overproduction along with the unsold stocks is one of the primary concerns of manufacturers. However, the increasing sales of beauty products and cosmetics in BRIC countries are creating ample opportunities for the growth of the market.
View Exclusive Global Strategic Business Report: http:// www. transparencymarketresearch. com / sample / sample. php? flag = S & rep _ id = 12 79
Owing to these factors, the valuation of the global fatty alcohols market is poised to reach US $ 5.48 bn by the end of 2023, progressing at a CAGR of 5.1 % between 2015 and 2023.
Demand for C11-C14 Fatty Alcohols to Remain High through 2023 On the basis of type, fatty alcohols are fragmented into C15-C22, C11-C14, C6-C10, and others( such as C23). The C11-C14 segment will continue to dominate the market in terms of volume until 2023. Diverse applications of C11-C14 fatty alcohols is propelling the growth of the segment. The segment is expected to expand at a CAGR higher than any other segment during the forecast period.
Transparency Market Research
2