Pune, India, May 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Fatty Alcohol Alkoxylates Market.
Following a careful analysis of the current trends, Market Research Future (MRFR) is of the view that the global fatty alcohol alkoxylates market is set to have a highly profitable run in the coming years, having achieved the valuation of USD 564.4 million in 2016. Furthermore, the market is set to be worth USD 787.8 million by 2023 and will be expanding at a CAGR of 5.0% during the forecast period (2017-2023).
Growth Factors and Top Challenges
Fatty Alcohol Alkoxylates (FAA) refer to a non-ionic surfactant made when the fatty alcohols are turned into alkoxylates with the addition of propylene oxide (PO) as well as ethylene oxide (EO). FAA can be used across several industries including textile, personal care, detergent intermediates, institutional and industrial cleaning along with household Cleaning. FAA finds numerous applications across various industries, such as emulsifiers and wetting agents and dispersion applications.
The number of prominent factors backing the growth of the fatty alcohol alkoxylates market include the strong demand for biodegradable and non-toxic surfactants developed from significant fatty alcohol alkoxylates end uses like household cleaning etc. In addition, the expansion of the personal care industry coupled with the capacity and migration expansion of cosmetic manufacturers to emerging markets will bring further success for the market in the coming years.
Evolving consumer preference in terms of personal hygiene as well as cleanliness has resulted in a substantial demand of sustainable surfactants characterized with advanced formulations. Apart from this, the industry participants are constantly building strong strategic partnerships with distributors as well as local manufacturers for reducing the gap between the customers and the suppliers of fatty alcohol alkoxylates. This factor will lead to immense profit for the market in the following years, owing to the presence of such players combined with constant advancement in technology will present numerous growth opportunities to the fatty alcohol alkoxylates market in the forthcoming years.
Access Report Details @ https://www.marketresearchfuture.com/reports/fatty-alcohol-alkoxylates-market-3843
The worldwide fatty alcohol alkoxylates market has been segmented on the basis of types and application.
The types of fatty alcohol alkoxylates mentioned in the report include oleochemical-based FAA and petroleum-based FAA. The oleochemicals-based FAA has been further fragmented into lauryl alcohol alkoxylate, cetostearyl alcohol alkoxylate, behnyl alcohol alkoxylate, stearyl behnyl alkoxylate, stearyl alcohol alkoxylate among others, whereas the petroleum-based FAA has been considered for olefin alkoxylates, ethylene alkoxylate, propylene oligomer alkoxylates among others.
Application-wise, the global fatty alcohol alkoxylates caters to household cleaning, detergent intermediates, I&I Cleaning, textile, personal care among others.
The key vendors making their presence felt in the global fatty alcohol alkoxylates market include Stepan Company, Croda International Plc, Huntsman Corporation, BASF SE, Clariant International AG, KLK OLEO, SASOL among others.
The regions where the global fatty alcohol alkoxylates market is spread across include Asia Pacific, Europe, North America and the rest of the world (RoW).
The Asia Pacific region is on track to be the leading market in the global fatty alcohol alkoxylates market, controlling almost 40% of the total volume of the worldwide market. The region is marked with numerous manufacturers hailing from China, along with the rising penetration of the end-use industries, which is expected to bring lucrative results for the market in the years to come. Additional factors like the ongoing infrastructural expansion and the speedy rate of urbanization as well as industrialization in the emerging markets will lead to augmented demand for I&I and household cleaning products. These factors are bound to elevate the position of the fatty alcohol alkoxylates market in the region during the assessment period. In the region, China holds the biggest share of the fatty alcohol alkoxylates market, with Japan and South Korea following suit in terms of revenue collection.
Coming in second is the region of North America, with the second-largest share in terms of volume and value in the worldwide fatty alcohol alkoxylates market. The phenomenal market performance has been the result of the strict regulations pertaining to the toxicity and biodegradability of non-ionic surfactants coupled with the growing penetration of front load machines as well as automatic dishwashers in the households. Also, the prevalence of auto wash centers along with laundromat services within the region will result in the striking expansion of the fatty alcohol alkoxylates market in North America.