SAN FRANCISCO, June 22, 2015 /PRNewswire/ --
Global fatty alcohols market is expected to reach USD 7.51 billion by 2022, according to a new study by Grand View Research, Inc. Favorable government initiatives in a quest to minimize dependency on petrochemicals coupled with consumer shift towards organic personal care products is expected to drive global fatty alcohols market over the forecast period. Consistent supply of key raw material coupled with the price volatility is expected to a key challenge for market participants. Technological advancements coupled with increasing consumer preference for renewable chemicals are expected to create lucrative opportunities for market participants over the next seven years.
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For more information, tables and figures, visit - http://www.grandviewresearch.com/industry-analysis/fatty-alcohols-market
Soaps & detergents was the most dominant application segment and accounted for 54.6% of total market volume in 2014. Growing natural surfactants and emulsifiers demand in soaps & detergents industry is expected to fuel fatty alcohols demand in this segment over the forecast period. Personal care is expected to witness the highest growth of 4.6% from 2015 to 2022. Growing consumer preference towards organic personal care products is expected to increase penetration of fatty alcohols in this segment.
Further key findings from the study suggest:
Browse All Reports of This Category by Grand View Research @ http://www.grandviewresearch.com/industry/renewable-chemicals
For the purpose of this study, Grand View Research has segmented the global fatty alcohols market on the basis of product and region:
Global Fatty Alcohols Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
Global Fatty Alcohols Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
Global Fatty Alcohols Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.
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Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
Web: Grand View Research
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