Detergent Alcohol Market 2018 : Detergent Alcohol Industry to 2023
As per our analysis, some of the important market factors and trends identified in the global detergent alcohol market include continued growth of building & construction sector, increasing demand for personal care products, and favorable government regulations. Growing population along with increasing per capita disposable income is predicted to fuel the growth of the market during the assessment period. Moreover, rising demand from personal care industry, expansion of wastewater treatment sector, along with increasing prominence of detergent alcohol-based products are predicted to give new momentum to the detergent alcohol demand over the forecast period. Continuously growing middle-class population along with constant industrialization has resulted in the expansion of household cleaning sector which, in turn, is expected to drive the market growth.
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Detergent Alcohol Market– Top 10 Global key Players & Their Strategy
Some of the prominent players operating in the detergent alcohol market are SABIC (Saudi Arabia), Kao Corporation (Japan), SASOL (South Africa), Musim Mas Holdings (Singapore), Ecogreen Oleochemicals (Singapore), Emery Oleochemicals (Malaysia), Royal Dutch Shell plc (the Netherlands), BASF SE (Germany), Procter & Gamble (U.S.), Wilmar International Ltd. (Singapore) among others.
Detergent Alcohol Market – Competitive Analysis
Rising consciousness related to the personal appearance as well as growing purchasing power of the consumer in developing & developed countries is predicted to propel the growth of the market. However, synthetically derived detergent alcohol is dependent on the petrochemical derivative, which is susceptible to crude oil price fluctuation and might lead to hampering the growth of the market. Stringent regulation associated with the use of synthetic detergent alcohol in the matured market is predicted to hinder the growth in the near future.
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Detergent Alcohol Market – Segmentation Analysis
The global detergent alcohol market is categorized on the basis of source, application, end-use industries, and regions. On the basis of the source, the market is bifurcated into natural and synthetic. On the basis of the application, the market is categorized into domestic & industrial cleaning, personal care, pharmaceutical, wastewater treatment chemicals, plasticizer, and others. Others application include lube oil additives and oil field chemicals. On the basis of the regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Detergent Alcohol Market – Regional Analysis
The Asia Pacific emerged as the largest detergent alcohol market followed by Europe and North America. North America is estimated to witness a steady growth in the global detergent alcohol market owing to the recovery of industrial sector combined with escalating investments to revitalize personal care industry. North American countries such as the U.S. and Canada are among the major contributors to the regional market growth and are expected to see a significant regional growth on account of increasing consumer awareness combined with the strict regulations associated with the synthetically derived products.
European countries such as France, Russia, Spain, Germany, and the U.K have emerged as the regional consumer markets on account of developed end-use industries and increasing consumer spending on personal care products. Furthermore, the Middle East & Africa is estimated to witness an above average growth during the assessment period. Growing construction spending in the commercial, residential, and institutional sector, especially, in Qatar, Kuwait, Saudi Arabia, and the United Arab Emirates (UAE) is predicted to positively influence the detergent alcohol business during the assessment period.
Latin American countries such as Brazil, Mexico, and Argentina are expected to register a noteworthy growth due to growing purchasing power of consumer along with the presence of personal care industry.