In the year 2024, the industry size of fatty alcohol is evaluated at USD 6.49 billion.
Fatty Alcohol Market size was over USD 6.26 billion in 2023 and is poised to cross USD 11.23 billion by 2036, witnessing more than 4.6% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for industrial surfactants and growing awareness regarding cleanliness and hygiene will impel the market growth.
Asia Pacific is set to dominate majority revenue share by 2036, on the back of presence of large number of end-user industries, including food & beverages, manufacturing, and lubricants among others, along with the presence of major manufacturers of fatty alcohol in the region.
The major players in the market are Kao Corporation, Musim Mas Group, Wilmar International Ltd., Shell International B.V., Emery Oleochemicals, Sasol Limited, VVF L.L.C., The Procter & Gamble Company and others.