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.

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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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Global Fatty Alcohols 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)

Regional Analysis

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

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.

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