Fatty Alcohols Market
The demand for C15-C22 fatty alcohols is also likely to increase at a noteworthy pace during the same period owing to the growing demand for personal care products .
Based on application , the market is segmented into personal care , lubricants , detergents and soaps , plasticizers , and others ( such as fragrances and flavors ). Detergents and soaps will command the lion ’ s share throughout the forecast period . However , the personal care segment is estimated to witness a high growth rate in the next few years owing to the increasing demand for fatty alcohols as emulsifiers and emollients in personal care products .
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Growing Population and Increasing Disposable Income Supplement Growth of Asia Pacific The key regional markets meticulously studied in the report are Latin America , Asia Pacific , Europe , North America , and the Middle East and Africa . Asia Pacific will continue to dominate the market throughout the forecast period , closely trailed by North America . The APAC region is a site of high growth rate across the world owing to the improving lifestyles , rising disposable income , and rapidly growing population along with the expanding base of middle-class population in emerging countries such as China and India . The growth of the region can also be attributed to the rising demand for soaps and detergents and beauty products and the abundant availability of raw materials .
Latin America is poised to exhibit similar growth trends , however , the growth rate is expected to be marginally lower in the forthcoming years . The European fatty alcohols market is likely to experience drastic loss in share during the same span to developing regions such as Latin America and Asia Pacific . Some of the prominent players in the global fatty alcohols market are Wilmar International Ltd ., Sasol Limited , Kuala Lumpur Kepong Berhad ( KLK ), Musim Mas Holdings , Royal Dutch Shell Plc ., Ecogreen Oleochemicals , VVF L . L . C ., Procter & Gamble , Emery Oleochemicals , Kao Corporation , and Oleon N . V .
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