IMARC Group, a leading market research company, has recently releases report titled “1-Decanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global 1-decanol market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the 1-decanol market?
The global 1-decanol market size reached US$ 237.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 375.4 Million by 2032, exhibiting a growth rate (CAGR) of 5.21% during 2024-2032.
Factors Affecting the Growth of the 1-Decanol Industry:
Increasing Application in Personal Care and Cosmetics
The rising demand for 1-decanol in the personal care and cosmetics industry is largely due to its versatile properties. As an emollient, 1-decanol helps to soften and smooth the skin, making it a valuable ingredient in creams, lotions, and hair care products. Its ability to act as an emulsifying agent also allows it to stabilize oil and water mixtures, which is essential for many cosmetic formulations. With a growing trend towards natural and sustainable ingredients, 1-decanol, which can be derived from plant-based sources such as palm oil and coconut oil, is gaining preference over synthetic alternatives. Consumers are becoming more conscious of the ingredients in their personal care products, favoring those that are environmentally friendly and safe for skin.
Demand in Surfactant Manufacturing
1-Decanol is experiencing increased demand in the surfactant manufacturing sector due to its efficacy in producing non-ionic surfactants, which are essential in numerous cleaning and detergent formulations. Surfactants are compounds that lower the surface tension between two liquids or a liquid and a solid, improving the wetting and spreading properties of cleaning agents. The growing industrialization and urbanization in developing economies have led to a surge in demand for cleaning products, which in turn is driving the market for surfactant chemicals like 1-decanol. Additionally, industries such as textiles, paper, and oil and gas, which rely heavily on surfactants for various applications, are expanding, further fueling the demand for 1-decanol.
Growth in the Automotive and Machinery Sectors
The automotive and machinery sectors are key drivers of the 1-decanol market due to its use in the production of lubricants. In these industries, lubricants play a crucial role in reducing friction between moving parts, thereby enhancing the efficiency and longevity of machinery and vehicles. 1-Decanol is a preferred component in lubricant formulations because of its high lubricity and stability under varying temperature conditions. With the expansion of the automotive sector, particularly in emerging markets, there is a heightened demand for high-quality lubricants, thereby increasing the demand for 1-decanol. Moreover, the trend towards more advanced and specialized machinery in manufacturing and other industrial applications requires lubricants that can meet higher performance standards, further driving the market.
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Global 1-Decanol Market Trends:
The global 1-decanol market is experiencing growth driven by several factors, such as its increasing application in the personal care and cosmetics industry, due to its emollient and emulsifying properties. As consumer awareness of sustainable and natural ingredients rises, 1-decanol, often derived from natural sources like palm oil and coconut oil, is seen as a favorable alternative to synthetic chemicals. In line with this, the demand for 1-decanol in the manufacture of surfactants is growing, especially in developing economies where industrial cleaning processes are becoming more prevalent. Additionally, the rising need for lubricants in the automotive and machinery sectors supports market growth, with 1-decanol serving as a key raw material, which is fueling the market growth.
1-Decanol Market Report Segmentation:
Market Breakup by Source:
- Petrochemical Based
- Oleochemical Based
Oleochemical-based 1-decanol represented the largest segment due to its natural derivation from renewable sources, aligning with increasing consumer demand for sustainable and eco-friendly products.
Market Breakup by Application:
- Plasticizers
- Lubricants
- Detergents and Cleaners
- Cosmetics and Personal Care
- Pharmaceuticals
- Flavors and Fragrance
- Others
Plasticizers represented the largest segment by application because 1-decanol is widely used in producing flexible, durable plastic products, which are in high demand across various industries.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe leads the market, due to its established aquarium hobbyist culture, high disposable income levels, and strong consumer spending on home decor and ornamental fish.
Who are the key players operating in the industry?
The report covers the major market players including:
- BASF SE
- Berg+ Schmidt GmbH & Co
- KG Stern-Wywiol Gruppe GmbH & Co. KG)
- Ecogreen Oleochemicals
- Emery Oleochemcials LLC (EDENOR OLEOCHEMICLAS (M) SDN. BHD.)
- Exxon Mobil Corporation
- Global Green Chemicals Public Company Limited
- Kao Corporation
- Kuala Lumpur Kepong Berhad
- Merck KGaA
- Musim Mas
- SABIC
- Sasol Ltd
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