Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Fatty Alcohol Market size was valued at USD 6.55 billion in 2024 and is set to exceed USD 11.75 billion by 2037, expanding at over 4.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of fatty alcohol is evaluated at USD 6.81 billion.
The increasing demand for surfactants is estimated to boost the growth of the global market as the surfactants are made from fatty alcohol. Growing personal hygiene awareness amongst the public, especially post covid-19 pandemic has increased the demand for cleaning agents, such as soaps, handwashes, and detergents. According to a report by the World Bank, before the spread of covid-19, more than 3 billion people around the world had no access to soap. However, the World Bank has provided soaps and other cleaning agents to 72% of the target communities in developing countries, including Ghana, Yemen, Indonesia, and Sri Lanka. Moreover, the expanding use of detergents and cleansers in various industries, along with households, is further estimated to boost the market growth. Increasing trend of using cosmetics is another factor anticipated to fuel the market growth, as fatty alcohols are used as emulsifying agents in lotions and other products.
