Volatility of Raw Material Prices Impacting the Market Adversely It is anticipated that the cost-effectiveness and inherent biodegradability of these products would drive growth in the natural fatty alcohol market over the course of the year under study. It is well acknowledged that the rising demand for surfactants in personal care products such as conditioners, lipsticks, shower gel, and antiperspirant is a crucial factor that has the potential to greatly expand the market over the course of the forthcoming time. Rising Demand for Surfactants Driving the Market Growth. In addition, the growth of the cosmetics and personal care sector is anticipated to be a vital factor in underpinning the global market at a considerable rate during the period of the forecast. It is anticipated that the many applications for fatty alcohols, including textile coatings, mineral processing, home and industrial cleansers, detergents, laundry softeners, and agricultural chemicals, will drive the demand for fatty alcohols to a significant extent. As a result of this trend toward biodegradable and environmentally friendly cosmetic products, the demand for fatty alcohols is expected to continue to increase over the course of the forthcoming period. In comparison to alternatives based on petrochemicals, fatty alcohols derived from oleo-based feedstock are not only recyclable but also less hazardous to human health, making them the material of choice for the production of cosmetics and other personal care goods. These kinds of considerations are pushing chemical firms toward the utilisation of bio-based raw materials in the production of their goods. Increasing Demand for Eco-Friendly Solution Boosting the Market for Fatty AlcoholsĪn increase in customers' awareness of environmental issues is pushing them to purchase products that are less harmful to the environment. Fatty alcohols can be found in a variety of oils, the most common of which being palm oil, soybean oil, sunflower oil, safflower oil, rapeseed oil, tall oil, and cattle tallow. As a result of this, it is anticipated that vast horizons will be provided for downstream applications, which would ultimately lead to increased market penetration. It is anticipated that an increase in the supply of sustainable raw materials in the form of oilseed will have a good impact on the production of fatty alcohols. In addition to this, using them rather of petrochemicals is a more economical option. In their natural state, fatty alcohols can be broken down into simpler substances and serve the same purpose as petrochemicals. These variables, in turn, are accountable for a favourable impact that has been exerted on the demand for fatty alcohols in the personal care business.
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