Global Fatty Alcohols Market 2019-2023 | 5% CAGR Projection Over the Next Four Years | Technavio

January 22, 2019

LONDON--(BUSINESS WIRE)--Jan 22, 2019--The global fatty alcohols market research report by predicts the market to post a CAGR of close to 5% during the period 2019-2023.

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Technavio has released a new market research report on the global fatty alcohols market for the period 2019-2023. (Graphic: Business Wire)

There is an increase in the demand for cleaners in developing countries due to the rising awareness about health and hygiene. Surfactants are the raw materials used to produce industrial and institutional cleaners, and the growth of the industrial and institutional cleaners market will drive the demand for surfactants. This, in turn, will drive the growth of fatty alcohols market as they are widely used to produce surfactants for detergent applications.

As per Technavio, the emergence of bio-synthesized fatty alcohols will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.

This report is available at a USD 1,000 discount for a limited time only:

Global fatty alcohols market: Emergence of bio-synthesized fatty alcohols

Declining petroleum supplies and the increasing use of plant oil for human consumption are restricting the development of the fatty alcohols industry. Hence, there is an emergence of bio-synthesized fatty alcohols, which harness oleaginous microorganisms for producing fatty alcohols. The concept of bio-synthesized fatty alcohols is gaining traction and could become a significant alternative for the production of fatty alcohols as there is abundant availability of renewable resources for microbe growth.

“Escherichia coli is a prokaryotic model organism, which exhibits the capability to produce fatty alcohols. Saccharomyces cerevisiae is another microorganism that is drawing attention for producing bio-synthesized fatty alcohols. Therefore, the market for fatty alcohols is expected to benefit immensely in the coming years with ongoing research work on bio-synthesized production routes,” says a senior research analyst at Technavio.

Global fatty alcohols market: Segmentation analysis

This fatty alcohols market analysis report segments the market by application (cleaning products, personal care, lubricants, and others) and geography (the Americas, APAC, and EMEA).

The cleaning products segment held the largest fatty alcohols market share in 2018, accounting for nearly 52% of the market. This application segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2018, followed by EMEA and the Americas, respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 01/22/2019 10:51 AM/DISC: 01/22/2019 10:51 AM


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