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Fatty Alcohol Alkoxylates Market Overview:
The Fatty Alcohol Alkoxylates Market is expected to generate a revenue of more than 780 million US dollars by the forecast year. The Fatty Alcohol Alkoxylates Market is expected to register a CAGR of 5% by the forecast year 2030.Alkoxylation of fatty alcohols with the addition of propylene oxide (PO) and ethylene oxide (EO) produce Fatty Alcohol Alkoxylates (FAA) which are majorly classified as non-ionic surfactants. Synthetic and natural routes of production are used to produce fatty alcohol alkoxylates from Fatty alcohols. Different amount of carbon composition decides the application and usage of fatty alcohol alkoxylates. For instance, Cetostearyl Alcohol (C16, C18), and others that are long-chain alcohol alkoxylates are used in the personal care industry because of their creamy and soft base.Fatty alcohol alkoxylates have paved their way in major industries like household cleaning, Industrial and Institutional cleaning, detergent intermediates, textiles, personal care, and others. FAA is used for various procedures and applications like emulsifiers, dispersion applications, wetting agents, and others. Some of the factors driving the market growth are Exponential growth in the supply and demand of surfactants in the Industrial and Institutional cleaning and household cleaning sectors, demand for Active Surface agents in the household and personal care items, rising textile industry, and capacity expansion due to rising investors interest in the fatty alcohol alkoxylate market, and laundromat services Market has seen a surge due to enhanced laundry detergents introduction in the market. COVID-19 Analysis:The impact of the COVID-19 pandemic can be analyzed seeing the current scenario where it has become tough to deal with the new mutation of the virus. Partial and complete lockdowns were imposed by the governments of countries around the world in the hope to contain the spread of the virus. Human life was in danger with the rising number of deaths due to COVID-19. There was no age barrier to which the COVID variant had not been affected. With adverse effects on many end users’ industries due to less availability of resources to keep the industries functioning, many businesses saw a downward graph. However, the global Fatty Alcohol Alkoxylates Market showed an exponential growth in the household and industrial cleaning detergents manufacturing seeing to their use in fighting against the germs and COVID-19 virus. The industry is to boom further due to its usage of non-toxic and biodegradable substances.Competitive Landscape:With numerous small and large players involved in the highly competitive and highly fragmented Fatty alcohol alkoxylates Market, the Competitive Landscape of the industry is studied and compiled by industrial experts taking note of strategic alliance, mergers and acquisitions, key market developments, expansion strategies, and new product launches.The Intended Audience of the global Fatty Alcohol Alkoxylates Market is Fatty Alcohol Alkoxylates manufacturers, Production Process industries, Traders of Fatty Alcohol Alkoxylates, distributors of Fatty Alcohol Alkoxylates, Raw material suppliers, Potential investors, and Nationalized laboratory.The prominent market players of the global Fatty Alcohol Alkoxylates Market areÂ
- BASF SE,
- Croda International Plc,
- KLK OLEO,
- SASOL and Stepan Company,
- Huntsman Corporation,
- Clariant International AG,
- Procter and Gamble Chemicals,
- Gujchem, HELM AG,
- Ineos,
Market Dynamics:Drivers:- Exponential growth in the supply and demand of surfactants in Industrial and Institutional cleaning and household cleaning sectors.- Rising demand for Active Surface agents in the household and personal care items.- Textile industry is playing a major role in the growth of the global Fatty Alcohol Alkoxylates Market due to increased consumption.- Laundromat Services Market has seen a surge due to enhanced laundry detergents introduction in the market.- Rising demand for non-toxic and biodegradable surfactants.- Migration of interest cosmetic manufacturers to cream-based fatty alcohol alkoxylate manufacturing components.- Capacity expansion due to rising investor's interest in the fatty alcohol alkoxylate market. Challenges:- Rising competition with many manufactures interested in Fatty Alcohol Alkoxylates Market.- Rising initiatives to adopt green non-ionic surfactants. Technology Analysis:Alkoxylation of fatty alcohols with the addition of propylene oxide (PO) and ethylene oxide (EO) produce Fatty Alcohol Alkoxylates (FAA) which are majorly classified as non-ionic surfactants. Synthetic and natural routes of production are used to produce fatty alcohol alkoxylates from Fatty alcohols. Fatty alcohol alkoxylates have paved their way in major industries like household cleaning, Industrial and Institutional cleaning, detergent intermediates, textiles, personal care, and others. FAA is used for various procedures and applications like emulsifiers, dispersion applications, wetting agents, and others. Different amount of carbon composition decides the application and usage of fatty alcohol alkoxylates. For instance, C16, C18, and others which are long-chain alcohol alkoxylates are used in the personal care industry because of their creamy and soft base.Some of the factors driving the market growth are Exponential growth in the supply and demand of surfactants in the Industrial and Institutional cleaning and household cleaning sectors, demand for Active Surface agents in the household and personal care items, rising textile industry, and capacity expansion due to rising investors interest in the fatty alcohol alkoxylate market, and laundromat services Market has seen a surge due to enhanced laundry detergents introduction in the market, and rising demand of non-toxic and biodegradable surfactants. Other factors like rising competition within manufactures of Fatty Alcohol Alkoxylates and adoption of green non-ionic surfactants might hamper the market growth.Segment Overview:By Type:The global Fatty Alcohol Alkoxylates Market is segmented based on type as Pharmaceutical Grade, Chemical Grade, petroleum-based, and oleochemical based. By Application:The global Fatty Alcohol Alkoxylates Market is segmented based on application as household cleaning, Industrial and Institutional cleaning, detergent intermediates, textiles, personal care, and others.Regional Analysis:The global Fatty Alcohol Alkoxylates Market is segmented based on region as:
- North America: The US and Canada
- Europe: Germany, Italy, UK, France, Spain, and the Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, and the Rest of Asia-Pacific
- Latin America: Argentina, Brazil, and Rest of Latin America
- Middle East: Saudi Arabia, Turkey, UAE
- Africa and North Africa
- Asia-Pacific is the market-dominant of the global fatty alcohol alkoxylates market accounting for 40% of the total share in terms of volume. China is the market stakeholder of the fragmented market share of the Asian fatty alcohol alkoxylates market because of the rising penetration of many industries in the region. Other factors responsible for the growth of the fatty alcohol alkoxylates market in the Asia-Pacific region are rapid industrialization and urbanization, infrastructural development in developing countries, developing markets, rising demand for household cleaning products, and many more. Japan and South Korea follow the footsteps of China and hold a major position in the market of fatty alcohol alkoxylates.- North America is second to China in terms of market volume and market value in the global fatty alcohol alkoxylates market. With rising initiatives to use non-toxic and biodegradable surfactants, the market has boosted the market in the North American region. In Laundromat services industries factors like the introduction of automatic dishwashers and front load machines as household items are made common in the region accounting for the growth of demand for fatty alcohol alkoxylates.Recent Developments:March 2021- BASF Care Chemicals North America, under the terms of contracts/price agreements, has planned to increase off-list prices of stabilizer and sulfate product lines, polyglycol, octylphenol ethoxylate, fatty Alcohol ethoxylate, block copolymer, alkyl polyglucoside, polyethylene glycol, IP-ester, fatty Alcohol, betaine, and alkanolamide as well as lauric and castor oil comprising personal care specialties. The price increase is likely to be effective from April 1st, 2021. The company stated that the increase in raw material costs drives the rise in prices. The several product lines affected include Trilon and Tryfac; Tinogard; Standapol; Poloxalene AG & AJ; Pluriol; Plantaren; Plantacare; Monomuls; Mapeg; Lutensol; Lantrol; Lamesoft; Inoterra; Glucapon; Eumulgin; Disponil; Dehypon; Cutina; Comperlan; Agnique; T- Maz; Texapon; S-Maz; Tetronic; Pluronic L, P, F & R- Series; Plurafac; Plantapon; Myritol; Macol; Lanette; Industrol DF; Emulgade; Cetiol; Mazol; Euperlan; Cremophor; Dehydol; Dehyton; Larostat.In May 2017, Huntsman and Clariant International AG combined their powers to join their operative functions which helped the company to expand its resources in untapped countries being the first of its kind. This joint venture is estimated to generate a revenue of more than 400 million US dollars and also benefitted the commonwealth by creating 32,000 new opportunities for people.In January 2017, X-Chem LLC (Irving, Texas) and Kel-Tech Inc. (Midland, Texas) was acquired by Clariant AG expanding the company's portfolio in the North American market. This helped the company to establish its feet in oil-producing basins. Clariant has added a strong customer base with satisfactory responses to them building their operational value.Study Objectives:The study objectives of the Fatty Alcohol Alkoxylates Market report are:- To present a comprehensive outlook on the latest market trends.- Market segmentation based on the type of additives used.- Top-down and bottom-up approach followed by various market players.- Competitive landscape and key market players influencing the market region-wise.- Recent developments in the field of study.- The influencing factors of market shares, value, and volume.- Changing market dynamics as per industrial demands.Report Overview:The report overview of the Fatty Alcohol Alkoxylates Market report is:- To present a comprehensive outlook, Top-down, and bottom-up approach about the latest market trends.- Effect of the COVID-19 pandemic on the market.- Market segmentation and sub-segmentation.- Competitive landscape, regional analysis, and technology analysis.- Key market players and their collaborations influencing the market region-wise.- The prominent factors influencing the market shares, value, and volume.- CAGR and revenue expected during the forecast period.- Industrial supply and demand.- Recent developments of the market.- Factor involving the growth of the market and challenges faced.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030: Significant Value |
| CAGR | 5%(2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | BASF SE, Croda International Plc, KLK OLEO, SASOL and Stepan Company, Huntsman Corporation, Clariant International AG, Procter and Gamble Chemicals, Gujchem, HELM AG, Ineos |
| Key Market Opportunities | Rising competition with many manufactures interested in Fatty Alcohol Alkoxylates Market. |
| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
Fatty Alcohol Alkoxylates Market is predicted to grow at 5% through forecast period of 2020-2030
The forecast period for Fatty Alcohol Alkoxylates Market research report is 2020-2030
BASF SE, Huntsman Corporation, KLK OLEO, Clariant International AG, Croda International Plc, SASOL and Stepan Company among others are some of the prominent players at the forefront of competition in the Global Fatty alcohol alkoxylates Market and are profiled in MRFR Analysis
