Press release
1-Decanol Market Size Projected To Reach $0.43 Billion By 2034 With A Cagr Of 10.2%
1-Decanol
What Is the Projected Growth of the 1-Decanol Market?
The market size of 1-decanol has experienced significant growth recently. It is predicted to rise from $0.27 billion in 2024 to $0.29 billion in 2025, showing a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this expansion during the historical period include industrial applications, the growth of the chemical manufacturing sector, increasing demand for consumer goods, economic progression, and heightened plasticizer demand.
The market size of 1-decanol is anticipated to witness accelerated expansion in the upcoming years, predicted to attain a value of $0.43 billion in 2029 with a 10.2% compound annual growth rate (CAGR). Factors contributing to this growth during the expected period may include the rising consumer demand for clean beauty products, their evolving preferences, environmental policies, reinforcement of the supply chain, and escalating needs for lubricants. Significant trends projected for this forecast period encompass bio-sourced production, advancements in technology, circular economy measures, increment in r&d investments, and initiatives towards sustainability.
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What Are the Different 1-Decanol Market Segments?
The 1-decanol market covered in this report is segmented -
1) By Type: Synthetic, Natural
2) By Application: Plasticizers, Lubricants, Detergents And Cleaners, Cosmetics And Personal Care, Pharmaceuticals, Flavors And Fragrances, Other Applications
Subsegments:
1) By Synthetic: Petrochemical-Based 1-Decanol, Laboratory-Synthesized 1-Decanol
2) By Natural: Plant-Based 1-Decanol, Animal Fat-Derived 1-Decanol
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What Are the Primary Drivers Shaping the 1-Decanol Market?
The 1-Decanol market experienced growth due to the heightened demand for personal care and household cleaning products as a result of the impacts of COVID-19. The use of 1-Decanol, particularly as a raw material in the production of soaps, detergents, and other domestic care items, as well as an anti-foaming agent, increased during this period. The COVID-19 pandemic in 2020 led to a surge in the use and awareness of personal and home care products like soaps, detergents, and sanitizers in order to minimize the risk of virus transmission. The World Health Organization has advised frequent handwashing with soap and water or the use of an alcohol-based hand sanitizer as a preventative measure against infection. As a result, the increased consumption of personal care products, including soaps and sanitizers, drove up the demand for 1-Decanol, propelling the growth of the 1-Decanol market.
Which Companies Are Leading in the 1-Decanol Market?
Major companies operating in the 1-decanol market include Kuala Lumpur Kepong Berhad, Sasol Limited, Musim Mas Group, Emery Oleochemicals (M) Sdn. Bhd., BASF SE, Ecogreen Oleochemicals Pte. Ltd., Procter & Gamble Chemicals, Berg + Schmidt GmbH & Co. KG, Cremer Oleo GmbH & Co. KG, Global Green Chemicals Public Company Limited, New Japan Chemical Co. Ltd., Central Drug House (P) Ltd - CDH, Chemical Bull Pvt. Ltd., Parchem fine & specialty chemicals, Santa Cruz Biotechnology Inc., Spectrum Chemical Manufacturing Corporation, Thermo Fisher Scientific Inc., Merck KGaA, Sigma-Aldrich Corporation LLC, Alfa Aesar a Johnson Matthey Company, Tokyo Chemical Industry Co. Ltd., Acros Organics B.V.B.A., Arkema Peroxides Pvt. Ltd., Dow Inc., ExxonMobil Chemical Company Inc., Huntsman Corporation, INEOS Group Limited, LG Chem Ltd., LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Mitsui Chemicals Inc., Nippon Shokubai Co. Ltd., NOF Corporation, Oxiteno, PetroChina Company Limited, Royal Dutch Shell plc, Saudi Arabia's Basic Industries Corporation, Sinopec, Solvay S.A., Sumitomo Chemical Co. Ltd., The Lubrizol Corporation
What Are the Major Trends Shaping the 1-Decanol Market?
Key corporations in the 1-Decanol market have started incorporating 1-decanol (decyl alcohol) in the production of beauty goods like Woah, aiming to boost their market income. Woah represents a Mini Beauty Box Vegan-Friendly skincare assortment that includes travel-friendly items. For example, in February 2022, Next Retail Ltd, a British cloud service provider, introduced a Woah, a compact vegan-friendly beauty box which incorporates skincare items like the Dual Action Exfoliator, SPF 30 Lotion, Brightening Toner, Cooling Micellar Water, Multi Vitamin Eye Cream, Detoxifying Mask, and Hydrating Mask, all containing decyl alcohol alongside other components.
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What Are the Top Revenue-Generating Geographies in the 1-Decanol Market?
Asia-Pacific was the largest region in the 1-Decanol market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global 1-Decanol market. The regions covered in the 1-decanol market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 1-Decanol Market?
2. What is the CAGR expected in the 1-Decanol Market?
3. What Are the Key Innovations Transforming the 1-Decanol Industry?
4. Which Region Is Leading the 1-Decanol Market?
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