Asia Pacific Fatty Alcohols Market Size, Share & Trends Analysis Report By Type (Long Chain, Pure & Mid Cut, Short Chain, and Higher Chain), By Application, By Country and Growth Forecast, 2024

Description

List of Tables

The Asia Pacific Fatty Alcohols Market would witness market growth of 5.6% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1,229.0 kilo tonnes, showcasing a growth of 23.0% (2020-2023).

In the Fatty Alcohols Market, short-chain fatty alcohols are widely used in personal care products, such as lotions, creams, and shampoos, where they act as emollients, thickeners, and surfactants. They are also commonly found in industrial applications, including lubricants, solvents, and plasticizers. Their biodegradability makes them a preferred choice in environmentally friendly formulations. Hence, In Japan, 72.91 kilo tonnes of short-chain fatty alcohols is expected to be utilized by the year 2031.

The China market dominated the Asia Pacific Fatty Alcohols Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $778.4 million by 2031. The Japan market is registering a CAGR of 5% during (2024 - 2031). Additionally, The India market would obtain a CAGR of 6.3% during (2024 - 2031).

Emerging market trends in the fatty alcohols market indicate evolving preferences, technological advancements, and regulatory landscapes shaping the market's trajectory. These trends offer valuable insights into future opportunities and challenges for industry stakeholders. A significant trend driving the fatty alcohols market is the increasing consumer preference for natural, sustainable, and ethically sourced ingredients. Consumers are becoming more conscious of the environmental impact of their purchasing decisions and are seeking products formulated with renewable resources. As a result, there is a growing demand for fatty alcohols derived from natural sources such as palm oil, coconut oil, and shea butter.

In addition, adopting green chemistry principles is another prominent trend shaping the fatty alcohols market. Green chemistry focuses on minimizing the use of hazardous chemicals, reducing waste, and maximizing resource efficiency throughout the product lifecycle. Fatty alcohol manufacturers are exploring eco-friendly production processes, renewable feedstocks, and biodegradable formulations to align with sustainability goals and regulatory requirements.

The emergence of numerous local cosmetics brands and startups is contributing to the demand for fatty alcohols. Many of these brands focus on formulating products with high-quality, sustainable ingredients, leading to increased utilization of fatty alcohols in their formulations. The men's grooming industry in India is expanding rapidly, with a growing range of products like shaving creams, gels, and skincare items. Fatty alcohols are vital in these formulations, providing lubrication and skin-conditioning benefits, which are essential for enhancing product performance. Therefore, the expansion of the personal care industry and the rising pharmaceutical sector in the region are driving the market's growth.

Based on Type, the market is segmented into Long Chain, Pure & Mid Cut, Short Chain, and Higher Chain. Based on Application, the market is segmented into Soaps & Detergents, Personal Care, Plasticizers, Lubricants, Pharmaceutical Formulation, Amines, and Other Applications. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

Wilmar International Limited
Kao Corporation
Kuala Lumpur Kepong Berhad (Davos Life Science)
Arkema S.A.
The Procter & Gamble Company
Sasol Limited
Emery Oleochemicals LLC
BASF SE
Univar Solutions, Inc.
Saudi Basic Industries Corporation (SABIC)

Asia Pacific Fatty Alcohols Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Long Chain
Pure & Mid Cut
Short Chain
Higher Chain

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031

Soaps & Detergents
Personal Care
Plasticizers
Lubricants
Pharmaceutical Formulation
Amines
Other Applications

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Fatty Alcohols Market, by Type
- 1.4.2 Asia Pacific Fatty Alcohols Market, by Application
- 1.4.3 Asia Pacific Fatty Alcohols Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. Asia Pacific Fatty Alcohols Market by Type

4.1 Asia Pacific Long Chain Market by Country
4.2 Asia Pacific Pure & Mid Cut Market by Country
4.3 Asia Pacific Short Chain Market by Country
4.4 Asia Pacific Higher Chain Market by Country

Chapter 5. Asia Pacific Fatty Alcohols Market by Application

5.1 Asia Pacific Soaps & Detergents Market by Country
5.2 Asia Pacific Personal Care Market by Country
5.3 Asia Pacific Plasticizers Market by Country
5.4 Asia Pacific Lubricants Market by Country
5.5 Asia Pacific Pharmaceutical Formulation Market by Country
5.6 Asia Pacific Amines Market by Country
5.7 Asia Pacific Other Applications Market by Country

Chapter 6. Asia Pacific Fatty Alcohols Market by Country

6.1 China Fatty Alcohols Market
- 6.1.1 China Fatty Alcohols Market by Type
- 6.1.2 China Fatty Alcohols Market by Application
6.2 Japan Fatty Alcohols Market
- 6.2.1 Japan Fatty Alcohols Market by Type
- 6.2.2 Japan Fatty Alcohols Market by Application
6.3 India Fatty Alcohols Market
- 6.3.1 India Fatty Alcohols Market by Type
- 6.3.2 India Fatty Alcohols Market by Application
6.4 South Korea Fatty Alcohols Market
- 6.4.1 South Korea Fatty Alcohols Market by Type
- 6.4.2 South Korea Fatty Alcohols Market by Application
6.5 Singapore Fatty Alcohols Market
- 6.5.1 Singapore Fatty Alcohols Market by Type
- 6.5.2 Singapore Fatty Alcohols Market by Application
6.6 Malaysia Fatty Alcohols Market
- 6.6.1 Malaysia Fatty Alcohols Market by Type
- 6.6.2 Malaysia Fatty Alcohols Market by Application
6.7 Rest of Asia Pacific Fatty Alcohols Market
- 6.7.1 Rest of Asia Pacific Fatty Alcohols Market by Type
- 6.7.2 Rest of Asia Pacific Fatty Alcohols Market by Application

Chapter 7. Company Profiles

7.1 Wilmar International Limited
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
7.2 Kao Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
  - 7.2.5.1 Product Launches and Product Expansions:
- 7.2.6 SWOT Analysis
7.3 Kuala Lumpur Kepong Berhad (Davos Life Science)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 Recent strategies and developments:
  - 7.3.5.1 Acquisition and Mergers:
- 7.3.6 SWOT Analysis
7.4 Arkema S.A.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
7.5 The Procter & Gamble Company
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 SWOT Analysis
7.6 Sasol Limited
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
7.7 Emery Oleochemicals LLC
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
7.8 BASF SE
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 SWOT Analysis
7.9 Univar Solutions, Inc.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental Analysis
- 7.9.4 SWOT Analysis
7.10. SABIC (Saudi Arabian Oil Company)
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 SWOT Analysis

LIST OF TABLES

TABLE 1 Asia Pacific Fatty Alcohols Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Fatty Alcohols Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Fatty Alcohols Market, 2020 - 2023, Kilo Tonnes
TABLE 4 Asia Pacific Fatty Alcohols Market, 2024 - 2031, Kilo Tonnes
TABLE 5 Asia Pacific Fatty Alcohols Market by Type, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Fatty Alcohols Market by Type, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Fatty Alcohols Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 8 Asia Pacific Fatty Alcohols Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 9 Asia Pacific Long Chain Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Long Chain Market by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Long Chain Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 Asia Pacific Long Chain Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 Asia Pacific Pure & Mid Cut Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Pure & Mid Cut Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Pure & Mid Cut Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 Asia Pacific Pure & Mid Cut Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 Asia Pacific Short Chain Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Short Chain Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Short Chain Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 Asia Pacific Short Chain Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 Asia Pacific Higher Chain Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Higher Chain Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Higher Chain Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 Asia Pacific Higher Chain Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 Asia Pacific Fatty Alcohols Market by Application, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Fatty Alcohols Market by Application, 2024 - 2031, USD Million
TABLE 27 Asia Pacific Fatty Alcohols Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 28 Asia Pacific Fatty Alcohols Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 29 Asia Pacific Soaps & Detergents Market by Country, 2020 - 2023, USD Million
TABLE 30 Asia Pacific Soaps & Detergents Market by Country, 2024 - 2031, USD Million
TABLE 31 Asia Pacific Soaps & Detergents Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 Asia Pacific Soaps & Detergents Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 Asia Pacific Personal Care Market by Country, 2020 - 2023, USD Million
TABLE 34 Asia Pacific Personal Care Market by Country, 2024 - 2031, USD Million
TABLE 35 Asia Pacific Personal Care Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 Asia Pacific Personal Care Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 Asia Pacific Plasticizers Market by Country, 2020 - 2023, USD Million
TABLE 38 Asia Pacific Plasticizers Market by Country, 2024 - 2031, USD Million
TABLE 39 Asia Pacific Plasticizers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 Asia Pacific Plasticizers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 Asia Pacific Lubricants Market by Country, 2020 - 2023, USD Million
TABLE 42 Asia Pacific Lubricants Market by Country, 2024 - 2031, USD Million
TABLE 43 Asia Pacific Lubricants Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 Asia Pacific Lubricants Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 Asia Pacific Pharmaceutical Formulation Market by Country, 2020 - 2023, USD Million
TABLE 46 Asia Pacific Pharmaceutical Formulation Market by Country, 2024 - 2031, USD Million
TABLE 47 Asia Pacific Pharmaceutical Formulation Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 Asia Pacific Pharmaceutical Formulation Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 Asia Pacific Amines Market by Country, 2020 - 2023, USD Million
TABLE 50 Asia Pacific Amines Market by Country, 2024 - 2031, USD Million
TABLE 51 Asia Pacific Amines Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 Asia Pacific Amines Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 Asia Pacific Other Applications Market by Country, 2020 - 2023, USD Million
TABLE 54 Asia Pacific Other Applications Market by Country, 2024 - 2031, USD Million
TABLE 55 Asia Pacific Other Applications Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56 Asia Pacific Other Applications Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57 Asia Pacific Fatty Alcohols Market by Country, 2020 - 2023, USD Million
TABLE 58 Asia Pacific Fatty Alcohols Market by Country, 2024 - 2031, USD Million
TABLE 59 Asia Pacific Fatty Alcohols Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 60 Asia Pacific Fatty Alcohols Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 61 China Fatty Alcohols Market, 2020 - 2023, USD Million
TABLE 62 China Fatty Alcohols Market, 2024 - 2031, USD Million
TABLE 63 China Fatty Alcohols Market, 2020 - 2023, Kilo Tonnes
TABLE 64 China Fatty Alcohols Market, 2024 - 2031, Kilo Tonnes
TABLE 65 China Fatty Alcohols Market by Type, 2020 - 2023, USD Million
TABLE 66 China Fatty Alcohols Market by Type, 2024 - 2031, USD Million
TABLE 67 China Fatty Alcohols Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 68 China Fatty Alcohols Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 69 China Fatty Alcohols Market by Application, 2020 - 2023, USD Million
TABLE 70 China Fatty Alcohols Market by Application, 2024 - 2031, USD Million
TABLE 71 China Fatty Alcohols Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 72 China Fatty Alcohols Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 73 Japan Fatty Alcohols Market, 2020 - 2023, USD Million
TABLE 74 Japan Fatty Alcohols Market, 2024 - 2031, USD Million
TABLE 75 Japan Fatty Alcohols Market, 2020 - 2023, Kilo Tonnes
TABLE 76 Japan Fatty Alcohols Market, 2024 - 2031, Kilo Tonnes
TABLE 77 Japan Fatty Alcohols Market by Type, 2020 - 2023, USD Million
TABLE 78 Japan Fatty Alcohols Market by Type, 2024 - 2031, USD Million
TABLE 79 Japan Fatty Alcohols Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 80 Japan Fatty Alcohols Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 81 Japan Fatty Alcohols Market by Application, 2020 - 2023, USD Million
TABLE 82 Japan Fatty Alcohols Market by Application, 2024 - 2031, USD Million
TABLE 83 Japan Fatty Alcohols Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 84 Japan Fatty Alcohols Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 85 India Fatty Alcohols Market, 2020 - 2023, USD Million
TABLE 86 India Fatty Alcohols Market, 2024 - 2031, USD Million
TABLE 87 India Fatty Alcohols Market, 2020 - 2023, Kilo Tonnes
TABLE 88 India Fatty Alcohols Market, 2024 - 2031, Kilo Tonnes
TABLE 89 India Fatty Alcohols Market by Type, 2020 - 2023, USD Million
TABLE 90 India Fatty Alcohols Market by Type, 2024 - 2031, USD Million
TABLE 91 India Fatty Alcohols Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 92 India Fatty Alcohols Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 93 India Fatty Alcohols Market by Application, 2020 - 2023, USD Million
TABLE 94 India Fatty Alcohols Market by Application, 2024 - 2031, USD Million
TABLE 95 India Fatty Alcohols Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 96 India Fatty Alcohols Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 97 South Korea Fatty Alcohols Market, 2020 - 2023, USD Million
TABLE 98 South Korea Fatty Alcohols Market, 2024 - 2031, USD Million
TABLE 99 South Korea Fatty Alcohols Market, 2020 - 2023, Kilo Tonnes
TABLE 100 South Korea Fatty Alcohols Market, 2024 - 2031, Kilo Tonnes
TABLE 101 South Korea Fatty Alcohols Market by Type, 2020 - 2023, USD Million
TABLE 102 South Korea Fatty Alcohols Market by Type, 2024 - 2031, USD Million
TABLE 103 South Korea Fatty Alcohols Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 104 South Korea Fatty Alcohols Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 105 South Korea Fatty Alcohols Market by Application, 2020 - 2023, USD Million
TABLE 106 South Korea Fatty Alcohols Market by Application, 2024 - 2031, USD Million
TABLE 107 South Korea Fatty Alcohols Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 108 South Korea Fatty Alcohols Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 109 Singapore Fatty Alcohols Market, 2020 - 2023, USD Million
TABLE 110 Singapore Fatty Alcohols Market, 2024 - 2031, USD Million
TABLE 111 Singapore Fatty Alcohols Market, 2020 - 2023, Kilo Tonnes
TABLE 112 Singapore Fatty Alcohols Market, 2024 - 2031, Kilo Tonnes
TABLE 113 Singapore Fatty Alcohols Market by Type, 2020 - 2023, USD Million
TABLE 114 Singapore Fatty Alcohols Market by Type, 2024 - 2031, USD Million
TABLE 115 Singapore Fatty Alcohols Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 116 Singapore Fatty Alcohols Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 117 Singapore Fatty Alcohols Market by Application, 2020 - 2023, USD Million
TABLE 118 Singapore Fatty Alcohols Market by Application, 2024 - 2031, USD Million
TABLE 119 Singapore Fatty Alcohols Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 120 Singapore Fatty Alcohols Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 121 Malaysia Fatty Alcohols Market, 2020 - 2023, USD Million
TABLE 122 Malaysia Fatty Alcohols Market, 2024 - 2031, USD Million
TABLE 123 Malaysia Fatty Alcohols Market, 2020 - 2023, Kilo Tonnes
TABLE 124 Malaysia Fatty Alcohols Market, 2024 - 2031, Kilo Tonnes
TABLE 125 Malaysia Fatty Alcohols Market by Type, 2020 - 2023, USD Million
TABLE 126 Malaysia Fatty Alcohols Market by Type, 2024 - 2031, USD Million
TABLE 127 Malaysia Fatty Alcohols Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 128 Malaysia Fatty Alcohols Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 129 Malaysia Fatty Alcohols Market by Application, 2020 - 2023, USD Million
TABLE 130 Malaysia Fatty Alcohols Market by Application, 2024 - 2031, USD Million
TABLE 131 Malaysia Fatty Alcohols Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 132 Malaysia Fatty Alcohols Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 133 Rest of Asia Pacific Fatty Alcohols Market, 2020 - 2023, USD Million
TABLE 134 Rest of Asia Pacific Fatty Alcohols Market, 2024 - 2031, USD Million
TABLE 135 Rest of Asia Pacific Fatty Alcohols Market, 2020 - 2023, Kilo Tonnes
TABLE 136 Rest of Asia Pacific Fatty Alcohols Market, 2024 - 2031, Kilo Tonnes
TABLE 137 Rest of Asia Pacific Fatty Alcohols Market by Type, 2020 - 2023, USD Million
TABLE 138 Rest of Asia Pacific Fatty Alcohols Market by Type, 2024 - 2031, USD Million
TABLE 139 Rest of Asia Pacific Fatty Alcohols Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 140 Rest of Asia Pacific Fatty Alcohols Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 141 Rest of Asia Pacific Fatty Alcohols Market by Application, 2020 - 2023, USD Million
TABLE 142 Rest of Asia Pacific Fatty Alcohols Market by Application, 2024 - 2031, USD Million
TABLE 143 Rest of Asia Pacific Fatty Alcohols Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 144 Rest of Asia Pacific Fatty Alcohols Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 145 Key Information - Wilmar International Limited
TABLE 146 Key Information - Kao Corporation
TABLE 147 Key Information - Kuala Lumpur Kepong Berhad
TABLE 148 Key information - Arkema S.A.
TABLE 149 Key Information - The Procter & Gamble Company
TABLE 150 Key Information - Sasol Limited
TABLE 151 Key Information - Emery Oleochemicals LLC
TABLE 152 Key Information - BASF SE
TABLE 153 Key Information - Univar Solutions, Inc.
TABLE 154 Key Information - SABIC

Asia Pacific Fatty Alcohols Market Size, Share & Trends Analysis Report By Type (Long Chain, Pure & Mid Cut, Short Chain, and Higher Chain), By Application, By Country and Growth Forecast, 2024 - 2031