Fatty Alcohol : Industry Size, Share, Key Players, ROI Analysis, Trend and Forecast to 2027 | Top Manufacturers
Overview
The
global fatty alcohol market, during the forecast period 2018 to 2023, will
register growth at a CAGR of 6.67%. The market for fatty alcohol is set to
reach US$10,078.8 million by 2023. As per fatty alcohol market analysts, the
global market is anticipated to witness growth owing to the factors such as
demand for surfactants in personal care products as well as cost-effective
surfactants. However, the fatty alcohol market will face challenges and
restraints due to high manufacturing costs and fluctuating prices of raw
materials during the forecast period 2018 to 2023.
Growing
demand for surfactants in the fatty alcohol market is set to play a key role in
determining the growth potential during 2018 to 2023years. Analysts have also
studied the fatty alcohol market to understand potential threats and challenges
the fatty alcohol market companies could face. Although the fatty alcohol
market is poised to grow at a fast pace across type and application segments,
factors such as fluctuating raw material prices could slow down the fatty
alcohol market's growth worldwide.
Regional Overview
The
high expenses associated with manufacturing may hinder the fatty alcohol market
growth. The market research report suggests that companies in the fatty alcohol
market could be supported by biodegradable and cost-effective surfactants as
well as consumers adopting natural products during the forecast period. The
fatty alcohol market is set to register growth at a high CAGR owing to these
key factors. The fatty alcohol market is spread across North America, Europe,
Asia-Pacific, and other parts of the world. The global fatty alcohol market
research report reveals that APAC, North America, and Europe regional fatty
alcohol markets will dominate the global market for fatty alcohol during the
forecast period 2018 to 2023. As per fatty alcohol market analysts, the market
is set to witness tremendous growth across type and application segments in North
America which covers fatty alcohol markets across the United States, Canada,
Mexico and several other regional markets. Companies active in the fatty
alcohol market are also analyzed and studied in the fatty alcohol market
research report.
The
fatty alcohol market for Europe covers smaller market segments of Germany,
Italy, France, and the United Kingdom. Additionally, the fatty alcohol market
research report covers the Asia-Pacific region covering fatty alcohol markets
from India, China, Japan, Australia, and others. The fatty alcohol market is
also spread across the rest of the world. The fatty alcohol market report
covers all such regions including the Middle East, Africa, Brazil, and others.
Industry News
Uber
has revealed that he would purchase alcoholic service Drizly in stock and cash
for $1.1 billion. Once the sale has been completed, the marketplace of Drizly
will be merged into the Uber Eats app. It also says that the organisation is
maintaining the autonomous Drizly software. Drizly was founded in 2012 and is
the leading on-demand drinking alcohol supply services in the US, offering its
products in 1,400 cities. The acquisition could allow users to more regularly
use the Uber app. In the middle of the Covid 19 Pandemic that significantly
decreased people leaving their homes, Uber Eat was a major segment for Uber's
business.
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Competitive Landscape
Fatty
alcohol has seen increased demand over the years, due to increasing demand for
bio-based products and the growing awareness among consumers. Companies
functioning in the global fatty alcohol market are also being challenged due to
disrupted supply chain and decreasing demand in certain regional markets.
Mergers and acquisitions by fatty alcohol market companies are anticipated to
help the market during the forecast period 2018 to 2023. As the fatty alcohol
market is set to register a high CAGR of 6.67% and is also anticipated to reach
a US$10,078.8 million by 2023, the report highlights key areas companies need
to focus on. The report suggests that the fatty alcohol market will see a
healthy growth in the long run till 2023. Based on SWOT analysis and fatty
alcohol market’s analysis based on Porters’ Five Force Model presented in the
fatty alcohol market report. Mergers and acquisitions by fatty alcohol market
companies are anticipated to help the market during the forecast period 2018 to
2023.
Market Segmentation
The
fatty alcohol market has been segmented into type and application. Based on the
segment which is type, the market is categorized on the basis of higher chain,
long chain, pure and mid-cut, and short-chain. The global market for fatty alcohol
is further segmented based on application into cosmetic and personal care,
detergents and cleaners, food & nutrition, lubricants, pharmaceuticals,
plasticizers, and others.
The
global fatty alcohol market research report covers all the aspects of the fatty
alcohol market based on the segmental analysis of these type and application
segments. Analysts have also studied the global fatty alcohol market's regional
markets spread across many continents and countries. The type and application
segments along with their sub-segments have been analyzed and companies
functioning in the fatty alcohol market across these segments are profiled and
analyzed based on input and feedback from fatty alcohol market based decision
makers as well as primary and secondary sources. The fatty alcohol market
research report presents analysis based information for companies functioning
in the fatty alcohol market.
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