Detergent alcohol are fatty alcohol whose carbon chain lie in the range of C12-C18. Manufacturing process for detergent alcohol are either natural or synthetic. Synthetic detergent alcohol are produced from petrochemical derivatives whereas natural occurred from fats, oils, and waxes of plant and animals. They find extensive application in pharmaceutical, personal care, plasticizer, domestic & industrial cleaning, wastewater treatment chemicals, and others.
Detergent Alcohol Market– Top 10 Global key Players & Their Strategy
Some of the prominent players operating in the detergent alcohol market are SABIC (Saudi Arabia), Kao Corporation (Japan), SASOL (South Africa), Musim Mas Holdings (Singapore), Ecogreen Oleochemicals (Singapore), Emery Oleochemicals (Malaysia), Royal Dutch Shell plc (the Netherlands), BASF SE (Germany), Procter & Gamble (U.S.), Wilmar International Ltd. (Singapore) among others.
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As per our analysis, some of the important market factors and trends identified in the global detergent alcohol market include continued growth of building & construction sector, increasing demand for personal care products, and favorable government regulations. Growing population along with increasing per capita disposable income is predicted to fuel the growth of the market during the assessment period. Moreover, rising demand from personal care industry, expansion of wastewater treatment sector, along with increasing prominence of detergent alcohol-based products are predicted to give new momentum to the detergent alcohol demand over the forecast period. Continuously growing middle-class population along with constant industrialization has resulted in the expansion of household cleaning sector which, in turn, is expected to drive the market growth.
Rising consciousness related to the personal appearance as well as growing purchasing power of the consumer in developing & developed countries is predicted to propel the growth of the market. However, synthetically derived detergent alcohol is dependent on the petrochemical derivative, which is susceptible to crude oil price fluctuation and might lead to hampering the growth of the market. Stringent regulation associated with the use of synthetic detergent alcohol in the matured market is predicted to hinder the growth in the near future.
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The global detergent alcohol market is categorized on the basis of source, application, end-use industries, and regions. On the basis of the source, the market is bifurcated into natural and synthetic. On the basis of the application, the market is categorized into domestic & industrial cleaning, personal care, pharmaceutical, wastewater treatment chemicals, plasticizer, and others. Others application include lube oil additives and oil field chemicals. On the basis of the regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
The Asia Pacific emerged as the largest detergent alcohol market followed by Europe and North America. North America is estimated to witness a steady growth in the global detergent alcohol market owing to the recovery of industrial sector combined with escalating investments to revitalize personal care industry. North American countries such as the U.S. and Canada are among the major contributors to the regional market growth and are expected to see a significant regional growth on account of increasing consumer awareness combined with the strict regulations associated with the synthetically derived products.
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