Fatty Alcohols Market Forecasts to 2027: Manufacturers,Segmentation , Share, Size, Trends
A recently published report titled “Global Fatty Alcohols Market” is an extensive study by Reports and Data of the Fatty Alcohols industry and includes a study of several factors that impact the growth of the market. The factors taken into consideration in this report are government policies, market landscape, technologies, market risks, opportunities, and challenges faced by the market. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation.
The currently ongoing COVID-19 pandemic has affected several countries and sectors and the subsequent social restrictions and lockdowns have resulted in the economic slowdown. The report analyzes the impact of the pandemic on the overall market and offers an estimation of the current and future impact of the pandemic on the Fatty Alcohols market.
The global fatty alcohol market is forecast to reach USD 7.15 Billion by 2027, according to a new report by Reports and Data. Fatty alcohols can be defined as, usually, straight-chain, high-molecular-weight, primary alcohols. However, these alcohols can range from as less as 4–6 carbons to as many as 22–26 carbons, which are usually derived from natural oils and fats.
Leading Market Competitors:
AkzoNobel, BASF, Cargill, Emery Oleochemicals, Solazyme, Wilmar International, Archer Daniels, Midland, Evonik Industries, China Sanjiang Fine Chemicals, and Kao Chemicals.
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Growth Prospects:
The packaging sector has been attempting to gain momentum in the past couple of years on the back of the massive boom of the e-commerce industry. The market growth will be credited to the e-commerce transport and shipment, personal care, household, food and beverage, and healthcare sectors for convenience packaging.
These aspects have pushed leading players to dedicate their resources towards new packaging designs or to reinvent existing packaging designs to accommodate higher convenience and manageability, which will drive the global Fatty Alcohols market growth. The vintage packaging sector is also experiencing high demand, and even though it targets a limited consumer base, it is expected to grow at a rapid pace in the coming years.
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Global Fatty Alcoholss Market Segmentation:
Based on Product Type:
C15-C22 Fatty Alcoholss
C11-C14 Fatty Alcoholss
C6-C10 Fatty Alcoholss
Based on Application:
Personal care
Soaps & detergents
Amines
Lubricants
Others
Key market trends:
The increasing prevalence of biodegradable plastics promises to be a popular trend dominating the industry in the forecast years. The growing environmental awareness and the stringent government-imposed regulations for governing the consumption of plastics are pushing the overall industry towards the use of biodegradable packaging.
Another major packaging market trend that is speedily gaining momentum is the introduction of innovative lightweight glass packaging aimed at improving end-user usability and waste reduction. These packaging designs offer recyclability, easy transportability, and cost-effectiveness, which has urged manufacturers to produce water-resistant and eco-friendly corrugated box packaging solutions.
Another significant packaging market trend quickly gaining momentum is the development of new lightweight glass packaging to improve end-user usability and reduce wastage. These packaging designs are recyclable, economical, and easy-to-transport, urging manufacturers to produce water-resistant, eco-friendly, and smart corrugated packaging technology.
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Regional Analysis covers:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy
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