Fatty Alcohols Market Analysis 2023-2027: Rising demand for Industrial and Institutional cleaners to boost market advancement by USD 802.21 Mn revenue
Growth Drivers and Market Forecast for 2023-2027
According to Technavio’s Market Research, the Fatty Alcohols Market is forecasted to witness a steady market growth at of CAGR of 2.85% followed by revenue growth of USD 802.21 million. The market for Fatty Alcohols can be classified as Type segmented into pure and midcut, long chain, and short chain, Application segmented into cleaning products, personal care, lubricants, and more, and Geography segmented into APAC, Europe, North America, Middle East and Africa, and South America.
BASF SE, Emery Oleochemicals Group, Godrej & Boyce Manufacturing Co. Ltd., Kao Corp., Kuala Lumpur Kepong Berhad, Musim Mas Group, Royal Dutch Shell Plc, Sasol Ltd., The Procter and Gamble Co., and Wilmar International Ltd. are some of the leading competitors and comes with a wide range of offerings.
Snapshot of Fatty Alcohols Market
Navigating through the market drivers of the Fatty Alcohols Market it has been observed that the increasing demand for industrial and institutional cleaners, particularly in developing countries where health and hygiene awareness is on the rise.
People's increasing health concerns necessitate cleanliness in workplaces and public spaces, making it a key driver for the industrial and institutional cleaners market. Maintaining clean surroundings is crucial for individual health and well-being. So, the need for fatty alcohols in cleaning applications will contribute significantly to the growth of the Global Fatty Alcohol Market in the forecast period.
Technavio offers a thorough analysis of every element that is anticipated to expand the industry; clients will be able to take advantage of these chances and establish their businesses. Purchase our best-selling report on Fatty Alcohols Market for more insights