Fatty Alcohol Price Trend

Fatty Alcohol Prices December 2023

The price of fatty alcohol in the United States for Q4 2023 reached 1701 USD/MT in December. The prices of fatty alcohol in the United States are influenced by various elements such as supply chain disruptions, volatile raw material prices, and the impact of the COVID-19 pandemic. However, in mid-Q4, the prices of fatty alcohol in the US were impacted by several factors, including dropping inflationary pressure, limited stocks, and solid procurement from the terminal market, among others.

The price trend for fatty alcohol in China reached USD 1985/MT in December 2023. The market was bearish due to low demand from downstream personal care industries. Moreover, government policies and regulations related to trade, environmental standards, taxation, and subsidies are also influencing the prices of fatty alcohol in China.

Saudi Arabia’s fatty alcohol prices remained low on account of low demand from the personal care sector, limited trade activities, and a decrease in inflationary pressures. The Q4 2023 fatty alcohol price was USD 1485/MT, with 1.1% being the correlation price percentage for Q4. The percentage change from the previous quarter has been -2%. The price percentage comparison of the first and second halves of the quarter has been 2%.

Fatty Alcohol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Fatty Alcohol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of fatty alcohol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of fatty alcohol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of fatty alcohol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing fatty alcohol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Fatty Alcohol Market Analysis

The global fatty alcohol market size reached US$ 6.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 10 Billion, at a projected CAGR of 5.30% during 2023-2032.

• The market is primarily driven by the expanding personal care industry and the increasing product adoption in various skin care products. According to a report published by IMARC Group, the global beauty and personal care products market is expected to reach US$ 759.3 Billion by 2032, expanding at a CAGR of 4.5% during 2024-2032. This is escalating the demand for fatty alcohols that are widely used in the formulation of personal care and cosmetics products such as shampoos, conditioners, lotions, and creams. Besides, the growing consumer demand for skincare, hair care, and beauty products, due to rising disposable income, changing lifestyles, and increased awareness of personal grooming, is also escalating the demand for fatty alcohols. Moreover, manufacturers are innovating to meet consumer preferences for natural and sustainable ingredients, further boosting the market.
• The expanding liquid detergent market which is expected to reach US$ 54.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032 according to a report published by IMARC Group, is also propelling the market for fatty alcohols. These alcohols serve as key raw materials in the production of detergents, surfactants, and cleaning products due to their excellent emulsifying and foaming properties. This, coupled with the expanding global population, urbanization, and increasing hygiene consciousness are driving the demand for household and industrial cleaning products, stimulating the growth of the fatty alcohol market.
• The fatty alcohol market is also driven by the growing product adoption in agrochemicals. Fatty alcohols are utilized in the formulation of agrochemicals and crop protection products such as herbicides, insecticides, and fungicides as emulsifiers, dispersants, and adjuvants. This can be attributed to the escalating demand for effective crop protection solutions due to the increasing agricultural productivity needs and the growing global population. According to an estimate by the Food and Agriculture Organization (FAO), the world population has reached 7.55 billion in 2017 and will reach 9.8 billion by 2050, which will increase the demand for food grains and agricultural products. Fatty alcohols play a vital role in enhancing the efficacy and performance of agrochemical formulations, driving their adoption in the agricultural sector.

Fatty Alcohol News

The report covers the latest developments, updates, and trends impacting the global fatty alcohol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in fatty alcohol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the fatty alcohol price trend.

Latest developments in the fatty alcohol industry:

• In March 2023, KLK K Emmerich GmbH announced the acquisition of 90% equity interest in TemixOleo SpA, which has broadened its range of offerings in the fatty alcohols sector.
• In November 2022, Sinarmas Cepsa Pte. Ltd signed a memorandum of understanding (MoU) with Singaporean palm oil producer Golden Agri-Resources to expand bio-based chemicals production. This expansion led to an increase in fatty alcohol output at its site in Lubuk Gaung, Indonesia

Product Description

Fatty alcohols are a group of organic compounds derived from natural fats and oils. They are characterized by a long hydrocarbon chain with a terminal hydroxyl group (-OH), which differentiates them from regular alcohols like ethanol or methanol. Fatty alcohols are commonly found in various plant and animal sources and are widely used in a range of industrial applications due to their unique properties. On the other hand, these alcohols can be produced through the process of hydrogenation of fatty acids, which involves the addition of hydrogen to unsaturated fatty acids found in natural oils and fats.

Apart from this, fatty alcohols are versatile compounds with diverse applications. They serve as key ingredients in skincare, hair care, and cosmetics products such as moisturizers, lotions, shampoos, and conditioners. They also find applications in pharmaceutical formulations as excipients, solubilizers, and emulsifying agents. Besides, fatty alcohols are utilized in the formulation of agrochemicals such as herbicides, insecticides, and fungicides.

Regional Coverage

The report provides a detailed analysis of the fatty alcohol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the fatty alcohol price trend.

Global Fatty Alcohol Price

The report offers a holistic view of the global fatty alcohol pricing trends in the form of fatty alcohol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of fatty alcohol but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed fatty alcohol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Fatty Alcohol Price

The European Fatty Alcohol market in Q4 2023 witnessed a bearish trend due to various factors. Firstly, there was a decline in demand from the personal care industries in the quarter, leading to a slowdown in the overall demand for fatty alcohol. Additionally, the operating rates of fatty alcohol manufacturing firms did not fully recover, resulting in a moderate to low supply situation. Furthermore, the entire European economy has been battered by persistent inflationary pressures and high interest rates, impacting the purchasing power of the end-use industries on a broad scale. In terms of a specific country, Belgium experienced significant changes in Fatty Alcohol prices.

This analysis can be extended to include detailed fatty alcohol price information for a comprehensive list of countries.

North America Fatty Alcohol Price

In Q4 of 2023, the North American fatty alcohol market witnessed a moderate to low demand from the downstream personal care industry, leading to a bearish market situation. The manufacturing firms did not operate at their full capacities due to insufficient inquiries from downstream surfactant and detergent industries in the US. However, in mid-Q4, the prices of fatty alcohol were impacted by several factors, including dropping inflationary pressure, limited stocks, and solid procurement from the terminal market, among others. The inquiries from the personal care industry have gradually increased, leading to an upward trend in fatty alcohol prices. Furthermore, In December the market observed mainly small orders, and the rising inventory levels among specific producers have led to another decrease in fatty alcohol prices, further impacting the profits of manufacturers. No plant shutdown was reported by market participants during the quarter.

Specific fatty alcohol historical data within the United States and Canada can also be provided.

Middle East and Africa Fatty Alcohol Price

The current quarter of 2023 (Q4) for fatty alcohol in the MEA region has been stable with moderate supply to meet the downstream industry demands. The top reasons impacting the market include low demand from the personal care sector, limited trade activities, and a decrease in inflationary pressures. The market players have reported an increment in the upstream palm oil supplies amid the slowdown in regional demand and a drop in palm oil prices in the main exporting nations, Indonesia and Malaysia has impacted the market sentiments. 

In addition to region-wise data, information on fatty alcohol prices for countries can also be provided.

Asia Pacific Fatty Alcohol Price

The APAC region's fatty alcohol market experienced a mixed response in Q4 of 2023. The market sentiment was bearish due to low demand from downstream personal care industries, leading to moderate demand for fatty alcohol. The market remained stable in Malaysia and Thailand, with moderate to high supply. However, India's fatty alcohol market was bullish, with high demand during the mid-Q4 amid the festive season. Industrial production in India surged by 11.7% YoY in October 2023, which was the highest growth rate since June of the previous year. However, the stocking season in December has prompted the manufacturers to release the existing inventories at lower prices. The market situation was bearish, with moderate supply and low demand from downstream Personal Care industries. 

This fatty alcohol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Fatty Alcohol Price

The analysis of fatty alcohol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of fatty alcohol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting fatty alcohol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The fatty alcohol price charts ensure our clients remain at the forefront of the industry.