Naturally Derived Fatty Alcohol Market is expected to reach US$ 5250.82 Mn in 2032, likely to surge at CAGR of 6.4% during Forecast Period 2022-2032
Fatty alcohols are aliphatic compounds derived from fats and oils naturally originating in plants and animals. Fatty alcohols are derived from fatty acids. They contain an even number of carbon atoms. They are colorless oily liquids or solid waxy substances. Due to their amphipathic nature fatty alcohols, act as non-ionic surfactants and widely used in cleaning products. Fatty alcohols can be used as emulsifiers, emollients and thickeners. Fatty alcohols are widely used into cosmetics, detergents, pharmaceutical, plastics, and other industrial products.
Naturally Derived Fatty Alcohol Global Market Trends and drivers:
The global naturally derived fatty acids market demand is primarily driven by increasing demand for naturally derived ingredients based soap and detergents and personal care products. However, increasing health and environmental concerns with regards to use of petrochemical based fatty alcohols is another major market driver for naturally derived fatty alcohols. To decrease carbon footprint, industries are focusing towards development of biodegradable naturally derived products and chemicals through bio-based raw materials.
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Volatile prices of petrochemical based products raises concerns for chemical industry and has prompted chemical industry shift towards bio-based ingredients such as naturally derived fatty alcohols. Regulations from government agencies such as REACH related to environmental concerns associated with petrochemical-based products are expected to support the market trend for use of naturally derived fatty alcohols.
Increasing supply of sustainable raw material sources is expected to impact positively in market growth. Also increasing global consumer awareness coupled with increased hygiene product demand is expected to drive personal care industry growth and in turn, growth in naturally derived fatty alcohol market.
Naturally Derived Fatty Alcohol Market Key Players:
With the growing naturally derived fatty alcohol market, attracting new entries into the market and traditional manufacturers are also shifting towards bio-based products manufacturing. Some of the key players in naturally derived fatty alcohol market includes, BASF, Procter & Gamble, Sasol, Shell Chemicals, Ecogreen oliochemicals, Kao chemicals, Willmar oleo, Musim Mass, Emery Oleo, Oxiteno, Jiahua etc.
The report covers exhaustive analysis on:
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Naturally Derived Fatty Alcohol Market Segmentation
Naturally derived fatty alcohol market can be segmented on the basis of their sources as animal fats, tropical oils, soft oils, and other sources, on the basis of applications, and regions.
On the basis of sources naturally derived fatty alcohol market is segmented as
Naturally derived fatty alcohol market further segmented on the basis of its application
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Report Highlights:
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