World - Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the projected growth of the global market for lauryl alcohol, cetyl alcohol, stearyl alcohol, and other saturated monohydric alcohols from 2022 to 2030. It outlines the expected increase in consumption and production volumes, as well as market value. Key trends in importing and exporting countries are analyzed, highlighting growth rates and market sizes. The article provides insights into consumption patterns, production trends, and pricing dynamics, offering a comprehensive overview of the industry.
Market Forecast
Driven by increasing demand for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 5M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.0% for the period from 2022 to 2030, which is projected to bring the market value to $11.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)
In 2022, consumption of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) increased by 4.1% to 3.8M tons, rising for the third year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the consumption volume increased by 8.4%. Global consumption peaked in 2022 and is likely to continue growth in the near future.
The value of the market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) worldwide was estimated at $7.1B in 2022, with an increase of 4.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 8.4%. Over the period under review, the global market reached the maximum level at $7.4B in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (615K tons), the United States (356K tons) and Germany (290K tons), together accounting for 33% of global consumption. India, Saudi Arabia, Japan, Indonesia, South Korea, Pakistan, Brazil, the Philippines, Mexico and Venezuela lagged somewhat behind, together accounting for a further 37%.
From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +35.3%), while octyl) for the other global leaders experienced more modest paces of growth.
In value terms, the largest lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols markets worldwide were China ($865M), Germany ($791M) and India ($583M), together accounting for 31% of the global market. The United States, Japan, South Korea, Indonesia, Saudi Arabia, Mexico, Venezuela, the Philippines, Pakistan and Brazil lagged somewhat behind, together accounting for a further 30%.
In terms of the main consuming countries, Saudi Arabia, with a CAGR of +33.6%, recorded the highest growth rate of market size over the period under review, while octyl) for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols per capita consumption in 2022 were Saudi Arabia (6 kg per person), Germany (3.5 kg per person) and South Korea (2.7 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of octyl), amongst the main consuming countries, was attained by Saudi Arabia (with a CAGR of +32.4%), while octyl) for the other global leaders experienced more modest paces of growth.
Production
World Production of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)
After three years of growth, production of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) decreased by -2.4% to 3.6M tons in 2022. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 10%. Global production peaked at 3.7M tons in 2021, and then shrank in the following year.
In value terms, production of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) stood at $6.2B in 2022 estimated in export price. Overall, production showed a slight reduction. The pace of growth appeared the most rapid in 2016 with an increase of 8.7% against the previous year. Global production peaked at $7.1B in 2012; however, from 2013 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (514K tons), the United States (403K tons) and Singapore (296K tons), with a combined 34% share of global production. Germany, Saudi Arabia, India, Indonesia, Pakistan, the Philippines, Japan, Poland, Venezuela and Brazil lagged somewhat behind, together comprising a further 41%.
From 2012 to 2022, the most notable rate of growth in terms of octyl), amongst the main producing countries, was attained by Poland (with a CAGR of +67.1%), while octyl) for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)
In 2022, purchases abroad of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) increased by 0.1% to 1.5M tons, rising for the second consecutive year after two years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Global imports peaked at 1.6M tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.
In value terms, imports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) amounted to $3.2B in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.
Imports By Country
China (255K tons) and the Netherlands (242K tons) represented roughly 33% of total imports in 2022. It was distantly followed by South Korea (142K tons), India (109K tons), Indonesia (75K tons), the United States (73K tons) and Taiwan (Chinese) (73K tons), together generating a 32% share of total imports. The following importers - Malaysia (61K tons), Japan (60K tons), Belgium (42K tons), Italy (40K tons), France (29K tons) and Thailand (28K tons) - together made up 17% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +27.4%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, China ($480M), the Netherlands ($410M) and South Korea ($254M) were the countries with the highest levels of imports in 2022, with a combined 36% share of global imports. India, the United States, Japan, Taiwan (Chinese), Belgium, Italy, Malaysia, Indonesia, France and Thailand lagged somewhat behind, together comprising a further 39%.
Among the main importing countries, Malaysia, with a CAGR of +29.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average import price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) stood at $2,119 per ton in 2022, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($2,927 per ton), while Indonesia ($1,188 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Lauryl Alcohol, Cetyl Alcohol, Stearyl Alcohol and Other Saturated Monohydric Alcohols (Excluding Methyl, Propyl and Isopropyl, N-butyl, Other Butanols, Octyl)
In 2022, the amount of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) exported worldwide reduced sharply to 1.3M tons, waning by -15.5% on the previous year. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of 1.5M tons, and then fell dramatically in the following year.
In value terms, exports of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) reduced to $2.4B in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of $2.5B, leveling off in the following year.
Exports By Country
The shipments of the five major exporters of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl), namely Singapore, the Netherlands, China, the United States and Malaysia, represented more than two-thirds of total export. Indonesia (75K tons) took the next position in the ranking, followed by Poland (68K tons). All these countries together held approx. 11% share of total exports. The following exporters - the Philippines (47K tons), India (31K tons), Venezuela (24K tons), Saudi Arabia (24K tons), France (23K tons) and Thailand (22K tons) - together made up 13% of total exports.
From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +121.5%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols supplying countries worldwide were Singapore ($411M), Malaysia ($303M) and the Netherlands ($292M), with a combined 41% share of global exports. China, the United States, Indonesia, Poland, the Philippines, India, Thailand, France, Saudi Arabia and Venezuela lagged somewhat behind, together comprising a further 47%.
Poland, with a CAGR of +106.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average export price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) stood at $1,872 per ton in 2022, jumping by 18% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($3,569 per ton), while Venezuela ($803 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142265 - Lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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