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Global Fatty Alcohols Market 2019-2023 | Advent of Bio-Synthesized Fatty Alcohols to Boost Growth | Technavio

October 11, 2019 GMT
Global Fatty Alcohols Market 2019-2023 | Advent of Bio-Synthesized Fatty Alcohols to Boost Growth | Technavio
Global Fatty Alcohols Market 2019-2023 | Advent of Bio-Synthesized Fatty Alcohols to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Oct 11, 2019--

The global fatty alcohols market is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global fatty alcohols market 2019-2023. (Graphic: Business Wire)

The market has been witnessing strong demand for industrial and institutional cleaners over recent years. This can be attributed to the growing awareness about health and hygiene among consumers in developing countries. Also, the need for maintaining cleanliness at the workplace and other community places has increased the demand for industrial and institutional cleaners. Surfactants are the raw materials used to produce industrial and institutional cleaners. This is positively influencing the demand for fatty alcohols as they are used to produce surfactants for detergent applications. With the rising demand for industrial and institutional cleaners, the demand for fatty alcohols will accelerate during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR30697

As per Technavio, the advent of biosynthetic fatty alcohols, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Fatty Alcohols Market: Bio-Synthesized Fatty Alcohols

Synthetic fatty alcohols are mainly derived from petrochemical sources such as ethylene. Factors such as declining petroleum supplies and the rising use of plant oil for human consumption have been restricting the development of fatty oils. This has led to the emergence of bio-synthesized fatty alcohols by harnessing oleaginous microorganisms. The abundance of renewable resources for microbial growth is encouraging several researchers and vendors to increase their focus on the development of bio-synthesized fatty alcohols. This concept is expected to emerge as one of the major alternatives for the production of fatty alcohols. These factors are expected to boost the growth of the global fatty alcohols market during the forecast period.

“Apart from the advent of bio-synthesized fatty alcohols, the growing demand for biosurfactants and the emergence of China and India as manufacturing hubs are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Fatty Alcohols Market: Segmentation Analysis

This market report segments the global fatty alcohols market by application (cleaning products, personal care, lubricants, and others) and geography (APAC, EMEA, and the Americas).

The APAC region led the market in 2018, followed by EMEA and the Americas respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to factors such as increasing population, growing awareness about health and hygiene, rising urbanization, improving living standards, and the wide availability of products.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191011005312/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS RETAIL HOME GOODS MANUFACTURING OFFICE PRODUCTS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/11/2019 11:30 AM/DISC: 10/11/2019 11:30 AM

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