Fatty Alcohol Alkoxylates Market Regulations and Competitive landscape Outlook to 2023

06/set/2019 08:43:34 Tejas Amale Contatta l'autore

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Market Scope

Market Research Future (MRFR) has been following a careful analysis of current trends and is looking for a global profit of USD 564.4 million in 2016. Furthermore, the market is set to be worth USD 787.8 million by 2023 and will be expanding at a CAGR of 5.0% during the forecast period (2017-2023).

Key Vendors

The key vendors are present in the global fatty alcohol alkoxylates market includes Stepan Company, Croda International Plc, Huntsman Corporation, BASF SE, Clariant International AG, KLK OLEO, SASOL among others.

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Growth Factors and Top Challenges

Fatty Alcohol Alkoxylates (FAA) refer to a non-ionic surfactant made when the fatty alcohols are turned into alkoxylates with the addition of propylene oxide (PO) as well as ethylene oxide (EO). FAA can be used across several industries including textile, personal care, detergent intermediates, institutional and industrial cleaning along with household Cleaning. FAA finds numerous applications across various industries, such as emulsifiers and wetting agents and dispersion applications.

The number of prominent factors backing the growth of the fatty alcohol alkoxylates market include the strong demand for biodegradable and non-toxic surfactants developed from significant fatty alcohol alkoxylates end uses like household cleaning etc. In addition, the expansion of the personal care industry coupled with the capacity and migration expansion of cosmetic manufacturers to emerging markets will bring further success for the market in the coming years.

Evolving consumer preference in terms of personal hygiene as well as cleanliness has resulted in substantial demand for sustainable surfing characterized by advanced formulations. Partners in the industry are constantly building strong strategic partnerships with distributors and suppliers of fatty alcohol alkoxylates. This factor will lead to immense profit for the market in the following years.

Market Segmentation

The worldwide fatty alcohol market has been segmented on the basis of types and applications.

The types of fatty alcohol alkoxylates mentioned in the report include oleochemical-based FAA and petroleum-based FAA. The oleochemicals-based FAA has been further fragmented into lauryl alcohol alkoxylate, cetostearyl alcohol alkoxylate, behnyl alcohol alkoxylate, stearyl behnyl alkoxylate, stearyl alcohol alkoxylate among others, whereas petroleum-based FAA has been considered for olefin alkoxylates, ethylene alkoxylate, propylene oligomer alkoxylates among others.

Application-wise, the global fatty alcohol alkoxylates caters to household cleaning, intermediates detergents, I&I Cleaning, textile, personal care among others.

Regional Analysis

The regions where the Global Fatty Alcohol Market is spread across includes Asia Pacific, Europe, North America and the rest of the world (RoW).

The Asia Pacific region is on the leading market in the global fatty alcohol alkoxylates market, controlling almost 40% of the total volume of the worldwide market. The region is marked with a large number of products from China. Additional factors like the ongoing development and the speed of urbanization as well as the industrialization of the emerging markets. These factors are bound to elevated position of the fatty alcohol alkoxylates market in the region during the assessment period. In the region, China holds the biggest share of the fatty alcohol alkoxylates market,

Coming in second is the region of North America, with the second-largest share in terms of volume and value in the worldwide fatty alcohol alkoxylates market. The phenomenal market performance has been the result of a series of laws and regulations. Also, the prevalence of auto wash centers along with the services of the region will result in the expansion of the fatty alcohol alkoxylates market in North America.

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