According to Fortune Business Insights the global fatty alcohol market was valued at USD 5.08 billion in 2019 and is expected to reach USD 7.40 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.2% over the forecast period. The global fatty alcohol market is set to gain traction from the rising demand for bio-based products. Hence, manufacturers are shifting towards using eco-friendly ingredients.

What Does This Report Contain?

• Elaborate data about the segments in the market.
• Historical, present, and estimated size of the market.
• Profiles of prominent players and their crucial strategies.
• Elaborate analysis of growth drivers in the market for fatty alcohols.

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Fatty Alcohol Market Segmentation Analysis:

C15-C22 Segment to Exhibit High Growth Fueled by Rising Demand for Cosmetics

Based on the product, the C6-C10 segment generated 17.3% in terms of the fatty alcohol market share in 2019. The C15-C22 segment is expected to showcase high growth backed by its rising demand from the personal care industry. Apart from that, increasing disposable incomes of people are resulting in the high demand for shaving creams, lipsticks, vanishing creams, shampoos, and lotions. It would also augment the growth of this segment.

A list of all the renowned fatty alcohol manufacturers operating in the global market:

• Godrej Industries (India)
• Berg + Schmidt (Germany)
• Wilmar International Ltd (Singapore)
• KLK OLEO (Malaysia)
• SABIC (Saudi Arabia)
• P&G Chemicals (U.S.)
• Musim Mas (Singapore)