Press release
1-Decanol Market Size to Reach $0.42 Billion by 2029 | Growth at 9.8% CAGR Forecast
1-Decanol
What is the Projected Market Size of the 1-Decanol Industry?
In recent times, the 1-decanol market size has seen robust growth. It is projected to increase from $0.27 billion in 2024 to $0.29 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.1%. The growth witnessed in the historic period is largely due to its industrial uses, expansion of the chemical manufacturing sector, the rising demand for consumer goods, economic growth, and an augmented demand for plasticizers.
What Will Be the Size of the 1-Decanol Market by 2029?
Anticipations are high for a robust expansion in the 1-decanol market size in the coming years. The market is projected to escalate to a worth of $0.42 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.8%. The surge in this forecast period could be a result of factors such as the consumer's inclination towards clean beauty, their preference patterns, environmental regulations, resilience of the supply chain, and a heightened demand for lubricants. The forecast period could also witness significant trends such as the adoption of bio-based production methods, advancements in technology, practices of the circular economy, increased investments in research and development, and initiatives towards sustainability.
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What Are the Key Drivers Accelerating Growth in the 1-Decanol Market?
The growth of the 1-Decanol market was primarily driven by a rise in demand for personal care and household cleaning products as a result of the COVID-19 impact. 1-Decanol, utilized as a key ingredient in the production of soaps, detergents, and a plethora of home care items, as well as being an anti-foaming agent, witnessed increased usage. The COVID-19 outbreak in 2020 fueled a surge in the use and knowledge of personal care and domestic cleaning products such as soaps, detergents, and sanitizers, in an effort to curtail the spread of the virus. The World Health Organization recommends frequent handwashing with soap and water or using an alcohol-based hand rub to avoid infection. This prompt resulted in increased usage of personal care products like soap and sanitizers, boosting demand for 1-decanol and consequently propelling the growth of the 1-Decanol market.
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How Is the 1-Decanol Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the 1-Decanol Market?
Leading firms in the 1-Decanol market are leveraging the inclusion of 1-decanol, also known as decyl alcohol, in the production of beauty products like Woah to bolster their market earnings. Woah represents a Mini Beauty Box Vegan-Friendly skincare range that features travel-friendly size products. For instance, in February 2022, Next Retail Ltd, a cloud provider based in the UK, introduced Woah, a travel-size beauty box that embraces vegan-friendly skincare items. The box contains several products such as the Dual Action Exfoliator, SPF 30 Lotion, Brightening Toner, Cooling Micellar Water, Multi Vitamin Eye Cream, Detoxifying Mask, and Hydrating Mask, all enriched with decyl alcohol among other ingredients.
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Who Are the Leading Companies Driving Growth 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
Which Is the Leading Region in the Global 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.
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