Global 1-Decanol Market to Reach US$ 375.4 Million by 2032, Stimulated by the Growing Cosmetics Industry

February 13, 2024 | Chemical & Materials

According to the latest report by IMARC Group, titled “1-Decanol Market Report by Source (Petrochemical Based, Oleochemical Based), Application (Plasticizers, Lubricants, Detergents and Cleaners, Cosmetics and Personal Care, Pharmaceuticals, Flavors and Fragrance, and Others), and Region 2024-2032,” the global 1-decanol market size reached US$ 237.7 Million in 2023. 1-Decanol is a chemical compound predominantly recognized as a primary alcohol with the formula C10H22O. This saturated fatty alcohol, also known as decyl alcohol, appears as a colorless viscous liquid with a mild odor. It's primarily derived from natural sources, such as palm kernel or coconut oil, but can also be synthesized through chemical processes. 1-Decanol possesses notable characteristics, including its ability to act as a non-ionic surfactant. This property makes it a key ingredient in a myriad of applications, from the formulation of personal care products to industrial lubricants. The advantages of 1-Decanol are manifold. Due to its emollient properties, it is highly cherished in cosmetics and skin-care formulations. Furthermore, its surfactant nature enhances its use in detergents and cleaning agents, granting them improved performance in soil removal and rinse-off.

Global 1-Decanol Market Drivers Trends:

The global market is majorly driven by the ever-increasing demand in industries such as cosmetics, personal care, and detergents. Along with this, the shifting consumer preference towards products with natural ingredients is significantly supporting the market. With 1-Decanol being derived from natural oils, it is perceived as a greener alternative, resonating well with today's conscious consumer. Additionally, its multifunctional attributes, from stabilizing emulsions to enhancing the texture of products, make it indispensable in various product formulations, which in turn is stimulating the market. In addition to this, extensive research and development (R&D) activities in the field are introducing innovative uses of 1-Decanol, threby widening its application spectrum. Apart from this, trends point towards the rising adoption of eco-conscious, sustainable practices in industries. This paradigm shift, coupled with the growing awareness of the benefits and performance of bio-based products, is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and changing consumer preferences. Looking forward, the market value is projected to reach US$ 375.4 Million by 2032, expanding at a CAGR of 5.21% during 2024-2032.

Market Summary:

Based on the source, the market has been segmented into petrochemical based and oleochemical based. At present, oleochemical based represents the largest segment.
On the basis of the propulsion, the market has been divided into plasticizers, lubricants, detergents and cleaners, cosmetics and personal care, pharmaceuticals, flavors and fragrance, and others. Currently, plasticizers account for the largest market share.
On the basis of the region, the market has been categorized into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. At present, Asia Pacific is the largest market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.?Some of the key players include 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., and Wilmar International Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Source Application Region
Sources Covered	Petrochemical Based, Oleochemical Based
Applications Covered	Plasticizers, Lubricants, Detergents and Cleaners, Cosmetics and Personal Care, Pharmaceuticals, Flavors and Fragrance, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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., Wilmar International Ltd., etc.
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Global 1-Decanol Market to Reach US$ 375.4 Million by 2032, Stimulated by the Growing Cosmetics Industry

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