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The global fatty alcohol market price is set to gain traction from the rising demand for bio-based products. Hence, manufacturers are shifting towards using eco-friendly ingredients. This information is given by Fortune Business Insights™ The report further states that the fatty alcohol market size was USD 5.08 billion in 2019 and is projected to reach USD 7.40 billion by 2027, exhibiting a CAGR of 5.2% during the forecast period.

What Does This Report Contain?

  • Elaborate data about the segments in the market.
  • Historical, present, and estimated size of the market.
  • Profiles of prominent players and their crucial strategies.
  • Elaborate analysis of growth drivers in the market for fatty alcohols.

 

 

Competitive Landscape-

Key Players Aim to Increase Production Capacity of Raw Materials to Intensify Competition

The global market for fatty alcohol is highly fragmented. Reputed manufacturers are aiming to develop unique products by conducting research and development activities. Some of the others are trying to increase their production capacity of raw materials required for the manufacturing of fatty alcohols. Below are the two latest industry developments: 

  • July 2019: Sasol Ltd., a chemical and energy company headquartered in South Africa opened its new chemical plant in Nanjing, China. It would double the production capacity of alkoxylation to 150,000 tons annually. The total cost was USD 100 million.
  • May 2019: Apical Group completed a joint venture with Kao Corporation. The former is a leading exporter of palm oil in Indonesia. This venture resulted in the development of PT Apical Kao Chemical, a new factory that will help in surging the production capacity of oleochemicals and in strengthening its position in Asia Pacific.

A list of all the renowned fatty alcohol manufacturers operating in the global market:

  • Godrej Industries (India)
  • Berg + Schmidt (Germany)
  • Wilmar International Ltd (Singapore)
  • KLK OLEO (Malaysia)
  • SABIC (Saudi Arabia)
  • P&G Chemicals (U.S.)
  • Musim Mas (Singapore)
  • VVF L.L.C. (India)
  • Sasol (South Africa)
  • Emery Oleochemicals (Malaysia)
  • Royal Dutch Shell (Netherlands)
  • Univar Solutions Inc. (U.S.)
  • BASF SE (Germany)
  • Other Players

Information Source: https://www.fortunebusinessinsights.com/fatty-alcohols-market-102900 

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