Market Research Future (MRFR) recognizes the following companies as the key players in the Global Fatty Alcohol Alkoxylates Market: BASF SE, Huntsman Corporation, KLK OLEO, Clariant International AG, Croda International Plc, SASOL and Stepan Company among others.
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Fatty Alcohol Alkoxylates Market was valued at USD 564.4 million in 2016 and is expected to grow at 5.00% CAGR to reach USD 787.7 million by the end of 2023. Fatty alcohol alkoxylates are gaining traction in the non-ionic surfactants market with increasing need for biodegradable and non-toxic surfactants across the end-users such as household cleaning, I&I cleaning, personal care and textiles among others. Moreover, the environmental feasibility of fatty alcohol alkoxylates over the nonylphenyl ethoxylates, which is highly regulated and restricted in the developed markets will be a significant factor driving the market for global fatty alcohol alkoxylates.
Over the course of time and changing consumer preference towards the cleaning products and increasing awareness towards personal hygiene and cleanliness has led to considerable demand for efficient cleaning products with advanced formulations. Currently, there are different varieties of household cleaning products available for different household cleaning applications in the market. Furthermore, the changing trends in household materials such as, penetration of ceramic tiles and penetration of automatic dishwashers in the households will witness demand for household cleaning products with respect to the individual cleaning applications in the households. Thus, considering the substantial demand of household cleaning products and dominance of household cleaning as an end user in the Global Fatty Alcohol alkoxylate Market can be attributed as a protuberant factor towards the Fatty Alcohol Alkoxylate demand.
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The Global Fatty Alcohol Alkoxylates Market has been segmented into Type and Application. On the basis of Type, the market has been divided into Oleochemical based FAA and Petrochemical based FAA, which is further sub-segmented into Lauryl Alcohol Alkoxylate, Cetostearyl Alcohol Alkoxylate, Behnyl Alcohol Alkoxylate, Stearyl Behnyl Alkoxylate, and Stearyl Alcohol Alkoxylate among others. Furthermore, the petrochemical based FAA is sub-segmented into Olefin Alkoxylates, Ethylene Alkoxylate, and Propylene Oligomer Alkoxylates among others.
Considering the need for sustainable surfactants in the cleaning products, the oleochemical based Fatty Alcohol Alkoxylates are gaining traction in the Global Fatty Alcohol Alkoxylates Market. Sustainability factor of Alkoxylate is defined based on the biodegradability and toxicity of Fatty Alcohol Alkoxylates, the fatty alcohols for oleochemical based fatty alcohols are sourced from natural sources such as palm kernel oil (C16-C18), and coconut oil (C12-C14) among other natural sources. Moreover, in the developed regions surfactants such as alkylphenol ethoxylates are banned, which in turn has witnessed demand for fatty Alcohol Alkoxylates as a substitute for biodegradable and non-toxic surfactant for use in the cleaning products. Thus, the sustainable advantages of oleochemical based alkoxylates over petrochemical based alkoxylates has witnessed the dominance of oleochemical based Fatty Alcohol Alkoxylates in the global market.
The different types of Fatty Alcohol Alkoxylates discussed in the report viz., oleochemical based fatty alcohol alkoxylates and petrochemical based Fatty Alcohol Alkoxylates is further sub-segmented based on the number of carbons chains. Oleochemical based fatty alcohol alkoxylates is further sub-segmented into — Lauryl Alcohol (C12-C14) Alkoxylate, Cetostearyl Alcohol (C16-C18) Alkoxylate, Behenyl Alcohol (C22) Alkoxylate, Stearyl Behenyl Alcohol (C18-C22) Alkoxylate, and Stearyl Alcohol (C22) Alkoxylate. Consumption of the above mentioned fatty alcohol alkoxylates depends on the carbon chain distribution which defines the functionality of the respective sub types of the fatty alcohol alkoxylates viz., wetting agents, dispersants, and emulsion among others. Lauryl Alcohol (C12-C14) alkoxylate and Cetostearyl Alcohol (C16-C18) alkoxylate, accounts for the largest share among the oleochemical based alkoxylates as these alkoxylates are widely consumed among the major end users of Fatty Alcohol Alkoxylates namely, household cleaning and personal care.
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Based on the major end-users of Global Fatty Alcohol Alkoxylates the market is segmented into — household cleaning, detergent intermediates, I&I cleaning, personal care, and textile among others. Household cleaning segment accounts for more than half of the Global Fatty Alcohol Alkoxylates Market in terms of value and volume, which is followed by the personal care segment. The household cleaning products market is one of the major consumer of surfactants, the valuation of household cleaning products market is valued at approximately USD 250 billion growing at a rapid pace of approximately ~9%. Furthermore, the industrial and institutional cleaning market is slated to grow at a rate of nearly 4.5% to reach approximately USD 60 billion by the end of 2023, owing to the concern over hygiene and cleanliness among the healthcare and food & beverages sector. Thus, the subsequent growth of latter industries is anticipated to substantiate ample demand for Fatty Alcohol Alkoxylates globally.
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