Market Scope
Market Research Future (MRFR) assessed the global Fatty Alcohol Alkoxylates Market 2021 in the review period till 2023. As per MRFR data, the global fatty alcohol alkoxylates market is expected to expand at 5.0% CAGR in the forecast tenure. By 2023, the global fatty alcohol alkoxylates market is value is expected to touch USD 787.8 Mn from USD 564.4 Mn in 2016.
Market Drivers and Restrains
The affordability and easy accessibility of raw materials required in the production of Fatty Alcohol Alkoxylates (FAA) which is non-ionic surfactants prepared from alkoxylation of fatty alcohols can support the market expansion. The easy availability of propylene oxide (PO) and ethylene oxide (EO) that are required in the production of FAA can favor the expansion of the market. Fatty alcohol alkoxylates are used in industrial scale.
The surge in the utility of FAA for Industrial Institutional Cleaning, Household Cleaning, Textile, Personal Care, and Detergent Intermediates among others can improve the impetus of the market. The increasing consumption of fatty alcohol alkoxylates as wetting agents, dispersion agents, and emulsifiers can add to the FAA market expansion. The availability of both natural and synthetic fatty alcohol alkoxylate and their easy dispatch with the assistance of effective supply facilities can favor the expansion of the market in the near future. The increase in personal care industry application of C16 and C18 as cream base and surfactants can also add momentum to the FAA market upsurge.
Key Players
BASF SE, KLK OLEO, Huntsman Corporation, Clariant International AG, SASOL, Croda International Plc, and Stepan Company are some reputed companies in the global fatty alcohol alkoxylates market that are listed by MRFR.
The intensifying competitiveness among Fatty alcohol alkoxylates marketers is contributing strategically to the rise of the market. The surge in count of small-scale and large-scale dealers in fatty alcohol alkoxylate and their focus on adding new products to the existing portfolio can alter the competitive landscape of the market. Addition the acquisition and expansion plans adopted by market players can benefit the FAA market, significantly.
Numerous companies are entering into partnerships with local brands of distributors and manufacturer that is bridging the gap between customers’ demand for fatty alcohol alkoxylates and production capacity of supplier. With the availability of disruptive technology and the rise in number of startups can create numerous lucrative opportunity for fatty alcohol alkoxylates
The inclination towards non-toxic and biodegradable surfactants is creating the demand for fatty alcohol alkoxylates across several industries. The ingression of FAA as household and industry cleaning agents. This is another cause that is contributing to the market growth. The expansion of personal care industry and surge in revenue generated from cosmetic manufacturers are observed to offer lucrative opportunities.
Market Segmentation
The segment assessment of the global fatty alcohol alkoxylates market Size is done by Types and by Application.
The type-based segments of the global fatty alcohol alkoxylates market are Petrsoleum Based FAA and Oleochemical Based FAA. The Oleochemicals based FAA segment is sub-segmented into — Cetostearyl Alcohol Alkoxylate, Lauryl Alcohol Alkoxylate, Behnyl Alcohol Alkoxylate, Stearyl Alcohol Alkoxylate, and Stearyl Behnyl Alkoxylate among others. The petroleum based FAA segment is sub-segmented into Ethylene Alkoxylate, Olefin Alkoxylates, and Propylene Oligomer Alkoxylates among others. The end use-based segments of the global fatty alcohol alkoxylates market are Detergent Intermediates, Household Cleaning, Personal Care,Textile, and II Cleaning among others.
Regional Analysis
In Asia Pacific, the rise of the fatty alcohol alkoxylates market is attributed to the presence of a large number of fatty alcohol alkoxylates manufacturers in regions and their growing engagement in export trading. Meanwhile, the existence of a large number of end-consumer industries in the region can underpin APAC FAA market in the years to come. Ongoing infrastructural development, fast-growing industry, and rapid urbanization are some other causes that are expected to promote Asia Pacific fatty acid alkoxylate market. Japan and South Korea among APAC countries are expected to contribute significantly to APAC expansion.
In Europe, the increasing requirement for household and II cleaning products can promote the regional market in the near future. In North America, the fatty alcohol alkoxylates market is expected to gain momentum owing to the rise in awareness about their benefits of biodegradability and low toxicity. The ingression of automatic dishwashers and front load machines in households and increasing prevalence of Laundromat services and auto wash centers can prompt the fatty alcohol alkoxylates market in the North America region.
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