The fatty alcohol market is anticipated to grow at a CAGR of 5.7% during the forecast period. Fatty alcohols are derived from several fatty acids as well from natural fats and oils originating in plants and animals. The increasing demand of the fatty alcohol application sectors is the key factor for the growth of the global market. Moreover, the growing demand for bio-based products is raising significantly as people are becoming more aware of toxicity levels in petrochemical products. Besides, the increasing hygiene product demands amid the COVID-19 pandemic are fostering the growth of the fatty alcohol market during the forecast period.

However, a notable downfall in the fatty alcohol market is expected in 2020 as compared to previous years due to the COVID-19 pandemic. It is due to decrease demand in industrial usage, and import-export restrictions across the globe. Additionally, the volatile prices of raw materials in the market are also expected to significantly restraint the growth of the fatty alcohol market. However, fatty alcohol products' origin is natural and hence they are renewable and cause less harm to nature in comparison to the petrochemical products. This is anticipated to present new opportunities for the fatty alcohol market to expand during the forecast period.

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The global fatty alcohol market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a major market share in the fatty alcohol market during the forecast period. It is due to the high per capita disposable income across the region. Moreover, the stringent environmental regulations in the region will also significantly aid in the growth of the fatty alcohol market. In addition to this, the growing consumer preference towards natural products specifically in the personal care industry is also attributed to contributing considerably to the fatty acids market.

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The global fatty alcohol market is segmented based on the product, source, and application. Based on the product, the market is sub-segmented into C6-C10 fatty alcohols, C11-C14 fatty alcohols, and C15-C22 fatty alcohols. Based on the source, the market is sub-segmented into tropical oils, animal fats, soft oils, and others. Further, based on the application the market is sub-segmented into industrial & domestic cleaning, personal care, food & nutrition, pharmaceuticals, and others. The other segment contains textile & leather processing industry.

Global Fatty Alcohol Market – Segmentation
by Product
C6-C10 Fatty Alcohols
C11-C14 Fatty Alcohols
C15-C22 Fatty Alcohols
by Source
Tropical Oils
Animal Fats
Soft Oils
Others
by Application
Industrial & Domestic Cleaning
Personal Care
Food & Nutrition
Pharmaceuticals
Others (Textile & Leather Processing)

Global Fatty Alcohol Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Arkema SA
BASF SE
CREMER OLEO GmbH & Co. KG
Croda International plc
Ecogreen Oleochemicals Inc.
Emery Oleochemicals SdnBhd
Evonik Industries AG
Godrej Industries Ltd.
Jarchem Industries Inc.
Kao Corp.
KLK OLEO ( Kuala Lumpur Kepong Bhd Co.)
Musim Mas Holdings Pte. Ltd.
OLEON NV
Oxiteno USA LLC
P&G Chemicals
SABIC
Sasol Ltd.
Teck Guan (China) Ltd
VVFLtd.
Wilmar International Ltd.
Zhejiang Jiahua Energy Chemical Industry Co.Ltd.

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