Detergent Alcohols Market are derived from petrochemical and natural sources and are used across industries including household detergent, lubricant, and industrial cleaner due to its amphipathic nature. The product functions as a derivative for several household detergent products like hard surface and laundry cleaners. The global detergent alcohol market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 6.5%, surpassing a valuation of USD 11 billion during the forecast period (2017-2025). It possesses surfactant properties and is used to clean fabrics and metal surfaces. The soaring awareness regarding the maintenance of hygiene is promoting the market growth across the globe. The increased need to control dirt borne diseases and harmful bacteria will augment the demand for the product in the global market.
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They are fatty alcohols and are produced through synthetic as well as natural resources. Detergent alcohols are used as a raw material in the manufacturing of detergents and surfactants, which are extensively used in industrial and household cleaning applications. They are used as a plasticizer, polymerization aid, and antioxidant in plastic and polymers processing. Detergent alcohols are highly used across end use industries, which is likely to create growth opportunities for the market.
The product finds application in industrial and household cleaners and detergents, plasticizers and processing aid, personal care products, oilfield chemical, lube oil additive, water & wastewater treatment, and others. The growth in these end use industries has created demand from the market. The surging use of detergent alcohol in several new applications, coupled with the high availability of raw materials have encouraged the market growth globally. Increased use of organic and biodegradable content is likely to act as a major driving force for the market.
On the flipside, fluctuations in the prices of crude oil are estimated to restrict the market growth across the globe.
Global Detergent Alcohol Market: Segmental Analysis
By source, the market is segmented into segregated into natural & synthetic. Of these, the synthetic segment is likely to capture the major share owing to the extensive use of petroleum-derived products.
The application segment comprises cosmetics & personal care, domestic & industrial cleaning, wastewater treatment, pharmaceutical, plasticizer, and others. Of these, the domestic & industrial cleaning segment is estimated to dominate the market, mainly due to the expansion of hospitality and laundry business globally. Soaring concerns regarding hygiene and sanitation in order to encourage public health will trigger the demand from the detergent alcohol market in the segment.
Geographically, the detergent alcohol market spans across the Asia Pacific, Latin America, Europe, North America, and the Middle East & Africa.
Considering the global scenario, the detergent alcohol market in the Asia Pacific acquired the lion's share in 2018 and will retain its growth in the coming years. The booming industrial base in the developing nations has led to surging demand for plastics in several end user industries like the automotive, healthcare, and packaging.
Europe will emerge as a prominent regional market due to surging mandates imposed on the use of chemicals in the manufacturing of detergents. The International Association for Soaps, Detergents, and Maintenance Products, for instance, which has been established by the European Commission has set limitations related to the extent to which phosphorus and phosphates can be used in automatic dishwasher detergents and laundry detergents.
The market in North America will witness significant growth, mainly due to the prevalence of personal care and cosmetic industry in the region. Moreover, the soaring demand for organic cosmetic products is supporting the regional market's growth. Led by Canada, Mexico, and the U.S., the market will gain significant growth owing to the booming industrial activities in the region. Detergent alcohol possesses lubricating properties, which makes it applicable to be used in petroleum and metalworking industries. Increased oil and gas market due to soaring shale oil & gas production will further augment the use of lubricants. This will lead to an increased demand for the market in North America.
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The top players operating in the detergent alcohol market include Kao Corporation (Japan), SABIC (Saudi Arabia), Musim Mas Holdings (Singapore), SASOL (South Africa), Ecogreen Oleochemicals (Singapore), Univar Inc. (US), Royal Dutch Shell PLC (Netherlands), Emery Oleochemicals (Malaysia), KLK Oleo (Malaysia), BASF SE (Germany), Godrej Industries Ltd (India), Procter & Gamble (US), and Wilmar International Ltd. (Singapore).
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