Global 1-Decanol Market Share Report Forecast 2024 - 2033
1 May, 2024
The 1-decanol market has demonstrated sturdy growth, rising from $0.25 billion in 2023 to $0.27 billion in 2024, representing a compound annual growth rate (CAGR) of 8.1%. This growth is primarily attributed to industrial applications, expansion in the chemical manufacturing sector, heightened consumer product demand, economic expansion, and increased necessity for plasticizers. Looking ahead to 2028, the market is expected to maintain its upward trajectory, reaching $0.38 billion at a CAGR of 9.0%. Factors contributing to this growth include consumer preference for clean beauty products, environmental regulations, supply chain resilience, and a growing demand for lubricants.
Major Driver In The 1-Decanol Market
The growth of the 1-Decanol market was spurred by heightened demand for personal care and household cleaning products during the COVID-19 pandemic, peaking in 2020. Increased awareness and usage of hygiene products like soaps, detergents, and sanitizers, as advocated by the World Health Organization, drove the demand for 1-Decanol. Consequently, the market continued to flourish, meeting the increased emphasis on cleanliness and hygiene, with market size values for 2023, 2024, and 2028 mirroring this upward trajectory.
Request A Free Sample Of The Global 1-Decanol Market ReportGlobal 1-Decanol Market Competitive Landscape
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
Key 1-Decanol Market Trend
In the 1-Decanol market, major companies are incorporating 1-decanol (decyl alcohol) into products like Woah, a Mini Beauty Box Vegan-Friendly skincare collection, to bolster their revenue. Woah, launched by Next Retail Ltd in February 2022, features travel-sized beauty products containing decyl alcohol among other ingredients, such as the Dual Action Exfoliator, SPF 30 Lotion, Brightening Toner, Cooling Micellar Water, Multi Vitamin Eye Cream, Detoxifying Mask, and Hydrating Mask.
Get The Full Global 1-Decanol Market Report1-Decanol Market Segmentation
The global 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
By Geography:The regions covered in the 1-decanol market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the 1-Decanol market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global 1-Decanol market.
The 1-Decanol Global Market Report 2024 furnishes information about the global 1-decanol market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.