Global Decyl Oleate Market Valuable Growth Prospects and Insights on Future Scenario

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Global Market Study on Decyl Oleate: Personal Care Application Segment to Hold over 75% Market Share During 2017 - 2025” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that Decyl Oleate Market would rise at a positive CAGR during the period 2017-2025.

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Decyl oleate is treated as a personal care ingredient. The product comes under the oleochemicals sector and is largely consumed by the personal care industry with a small amount being consumed by pharmaceuticals and other industries. It is mostly used as a key composition in many cosmetics, hair care, and skin care products. The emollient is industrially produced by the esterification of fatty alcohols and oleic acid. Due to growing consciousness among people regarding their appearance, the personal care application segment has witnessed the maximum demand for decyl oleate in the global market in the recent past. According to the results of our comprehensive market analysis, application of decyl oleate in the personal care segment is the highest, with the market value of the personal care segment expected to reach more than US$ 700 Mn by the end of 2025, growing at a CAGR of 3.7% during the forecast period.

However, the application of decyl oleate in the pharmaceuticals sector is also anticipated to grow at a high CAGR, similar to the personal care segment. The pharmaceuticals application segment is expected to register a CAGR of 3.6% during the forecast period 2017-2025.

The growing use of natural ingredients in cosmetics encourages the use of decyl oleate       

Manufacturers are witnessing the preferences of people towards natural ingredients in the products they use, as natural ingredients are considered to be more healthy and beneficial with minimal side effects. Owing to this factor, manufacturers are now focusing on using natural ingredients in their product formulations. Individuals are also extensively following the vegan cosmetics trend, owing to which, decyl oleate is becoming the first preference for manufacturers, as it is derived from vegetable oils.  

Another demand arising from the personal care segment is for anti-aging products. The baby boom generation in many regions is reaching maturity. This has increased the demand for anti-aging products in the global market. Also, problems linked with sun exposure are on the rise in European countries. Hence, the demand for sun protection products is also witnessing a surge. Such factors have in turn resulted in increasing sales in the decyl oleate market, as decyl oleate is exclusively used in ant-aging and sun protection products. As the young population keeps increasing, their demand for the preferred products will also continue to increase. All the aforementioned dynamics indicate that the global decyl oleate market is expected to experience a stable growth in the foreseeable future.

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Dependency on imports and a poor supply chain may hinder revenue growth of the global decyl oleate market

High import tariffs levied on imported chemicals and other products increase the overall cost of decyl oleate, due to which it becomes difficult for small buyers to purchase ingredients. Also, there are some regions where the production of decyl oleate is relatively low. As a result, buyers depend on imports, which also increases the price of decyl oleate. Owing to the fluctuating economy in some nations, buyers avoid long-term contracts with prominent exporters for decyl oleate. This is expected to hamper the sales of decyl oleate in the said regions over the forecast period. Some prominent manufacturers in countries like Mexico are also focusing on the export of decyl oleate to cater to the increasing demand across various regions such as the U.S. and Europe.

Report Structure

To give the research study a logical flow, the report begins with the executive summary and introduction of the global decyl oleate market. The summary gives an idea to the readers as to what is being further projected in this report. The introduction includes the basic definitions of the market as well as the segments it is divided into. This is followed by a taxonomy and an individual analysis of all the segments.

Another important section of the report is the competitive landscape. It briefly depicts the company profiles of some of the key players and a strategic overview of mergers and acquisitions along with companies’ expansion plans across regions. All this data contributes to the final market numbers. Apart from including these factors, the team of expert analysts have also taken into consideration the various macro-economic indicators such as decyl oleate market outlook, gross domestic product and other pointers to arrive at the indicated market numbers. Top-down approach has been used to counter-validate the reached numbers in the decyl oleate market, while bottom-up approach has been used to determine key market numbers.

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