According to the research report titled ‘Global Fatty Alcohols Market Size study, by Type (Short Chain, Pure & Midcut, Long Chain, Higher Chain), Application (Industrial & Domestic Cleaning, Personal Care, Lubricants, Plasticizers, Pharmaceutical Formulation, Food & Nutrition) and Regional Forecasts 2020-2026’, available with Market Study Report, global fatty alcohols market accumulated revenues worth USD 5.21 billion in the year 2019 and is anticipated to showcase a y-o-y growth rate of 5% between 2020 and 2026.
 

Notably, fatty alcohols are compounds which are derived from natural oils and fats. They comprise of straight chain primarily alcohols with high molecular weight which vary from 4-6 carbons to 22-26 carbons.
 

Focus towards reducing the dependency on petrochemicals have impelled the demand for sustainable and biodegradable products, which in turn is a major factor driving the growth of global fatty alcohols market. Rising concerns regarding the adverse effects of petrochemicals on environment and growing inclination towards developing biodegradable products as well as bio-based chemicals are further aiding the market expansion.
 

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Strict regulatory scenario which refrain the use of petrochemicals in order to prevent environmental hazards is also stimulating the industry outlook. Rising adoption of fatty alcohols for producing detergents, soaps and other personal care products is favoring the market scenario. However, fluctuating prices of raw materials may act as a restraining factor for global fatty alcohols market.
 

As per type, global fatty alcohols market is segmented into higher chain, long chain, pure & midcut, and short-chain. Based on application spectrum, the industry is split into food & nutrition, pharmaceutical formulation, plasticizers, lubricants, personal care, and industrial & domestic cleaning.
 

Regionally, Asia-Pacific fatty alcohols market is predicted to expand substantially during the forecast period, primarily driven by shifting preference towards fatty alcohol-based surfactants in industrial cleaning applications. Additionally, growing population and escalating disposable income are augmenting the business scenario in Asia-Pacific.
 

The prominent companies operating in global fatty alcohols market are Royal Dutch Shell Plc, The Vegetable Vitamins Foods Co. Pvt. Ltd., Procter & Gamble Co., Emery Oleochemicals Sdn Bhd, Musim Mas Holdings, Godrej Industries Ltd., Sasol Ltd., KLK Berhad (Kuala Lumpur Kepong), Wilmar International Ltd., and KAO Corp. among others.