Press release
Global 1-Decanol Market Projected to Grow at 10.2% CAGR, Reaching $0.43 Billion by 2029
1-Decanol
What Will the 1-Decanol Industry Market Size Be by 2025?
In the past few years, there has been a substantial expansion in the 1-decanol market size. The market is expected to rise from $0.27 billion in 2024 to about $0.29 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. The growth during the historical period is the result of industrial utilisation, the expansion of the chemical manufacturing industry, requirement for consumer products, economic development, and a rising demand for plasticizers.
What's the Long-Term Growth Forecast for the 1-Decanol Market Size Through 2029?
In the coming years, the market size for 1-decanol is anticipated to experience a swift upturn, reaching a valuation of $0.43 billion by 2029, at a compounded annual growth rate of 10.2%. This predicted surge during the forecast period can be credited to the rise in consumer inclination towards clean beauty, evolving consumer tastes, environmental protocols, strength of the supply chain, as well as a heightened demand for lubricants. Significant trends during the forecast duration will encompass bio-originated production, technological progression, practices of a circular economy, a spike in research and development investment, along with initiatives centered on sustainability.
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What Are the Key Growth Drivers Fueling the 1-Decanol Market Expansion?
The rise in the need for personal hygiene and household cleaning items due to the impact of COVID-19 has influenced the expansion of the 1-Decanol market. 1-Decanol is a crucial component in the production of household goods like soaps, detergents, and other home care products, also serving as an anti-foaming agent. In light of the 2020 COVID-19 pandemic, there was a surge in the consumption and public awareness of personal and home care products such as soaps, detergents, and sanitizers to curb the virus spread. The World Health Organization recommends regular hand washing with soap and water or using an alcohol-based hand sanitizer to avoid infection. This spike in usage of personal care products like soap and sanitizers amplified the demand for 1-decanol, subsequently fuelling the growth of its market.
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What Are the Key Trends Driving 1-Decanol Market Growth?
Leading businesses in the 1-Decanol market are incorporating 1-decanol, also known as decyl alcohol, into the creation of beauty items like Woah to boost market earnings. Woah is a Mini Beauty Box Vegan-Friendly skincare range, featuring travel-sized merchandise. For instance, in February 2022, Next Retail Ltd, a UK-based cloud services firm, debuted Woah, a travel-sized, vegan-friendly beauty box filled with skincare items like Dual Action Exfoliator, SPF 30 Lotion, Brightening Toner, Cooling Micellar Water, Multi Vitamin Eye Cream, Detoxifying Mask, and Hydrating Mask, all of which have decyl alcohol as an ingredient.
How Is the 1-Decanol Market Segmented?
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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Which Companies Are Leading the Charge in 1-Decanol Market Innovation?
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 Regions Are Leading the Global 1-Decanol Market in Revenue?
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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