1-Decanol Global Market Report 2024

1-Decanol is a fatty alcohol chain characterized by its colorless to light yellow, viscous liquid form, and it exhibits insolubility in water. It serves a crucial role in the manufacturing of plasticizers, lubricants, and surfactants.

There are two primary types of 1-Decanol such as synthetic and natural. The synthetic variant is produced through Ziegler processing, involving the generation of fatty alcohols from ethylene using an organoaluminium compound. On the other hand, natural 1-Decanol is derived from plant sources such as citrus oils, apples, coriander, babaco fruit, and others. The versatile applications of 1-Decanol include its use in the production of plasticizers, lubricants, detergents and cleaners, cosmetics and personal care products, pharmaceuticals, as well as in flavors and fragrances.

The 1-Decanol market research report is one of a series of new reports that provides 1-Decanol market statistics, including 1-Decanol industry global market size, regional shares, competitors with a 1-Decanol market share, detailed 1-Decanol market segments, market trends, and opportunities, and any further data you may need to thrive in the 1-Decanol industry. This 1-Decanol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The 1-decanol market size has grown strongly in recent years. It will grow from $0.25 billion in 2023 to $0.27 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth observed during the historical period can be attributed to various factors, including increased industrial applications, the expansion of the chemical manufacturing industry, heightened demand for consumer products, overall economic growth, and a surge in the demand for plasticizers.

The 1-decanol market size is expected to see strong growth in the next few years. It will grow to $0.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period can be linked to the consumer-driven demand for clean beauty, evolving consumer preferences, adherence to environmental regulations, a focus on supply chain resilience, and a rising demand for lubricants. Significant trends expected in this forecast period encompass the rise of bio-based production methods, continuous technological advancements, the adoption of circular economy practices, an uptick in research and development investments, and an increasing emphasis on sustainability initiatives.

The surge in demand for personal care and household cleaning products attributable to the impact of COVID-19 significantly drove the expansion of the 1-Decanol market during that period. 1-Decanol serves as a crucial raw material in the production of soaps, detergents, and various home care items, functioning also as an anti-foam agent. Notably, the outbreak of COVID-19 in 2020 led to heightened usage and awareness of personal care and home care products, such as soaps, detergents, and sanitizers, due to the imperative need to reduce the virus's spread. Following World Health Organization guidelines advocating frequent handwashing with soap or using alcohol-based hand rubs to prevent infection, the increased use of such personal care products led to a subsequent rise in demand for 1-Decanol, thereby bolstering the market growth.

The escalating sales within the pharmaceutical industry are anticipated to be a significant driving force for the 1-Decanol market's future growth trajectory. Defined as substances used to diagnose, treat, prevent diseases, or restore health, pharmaceuticals often incorporate 1-Decanol as an emollient and emulsifying agent in various formulations. Statistics from March 2023, reported by Enterprise Apps Today, illustrated a noteworthy $1.186 trillion in worldwide pharmaceutical sales in 2021, with the United States contributing the largest portion at $555 billion. These burgeoning sales signify a driving factor behind the 1-Decanol market's expansion.

Several leading companies actively involved in the 1-Decanol market are strategically integrating 1-decanol (decyl alcohol) into their product lines to bolster their market presence and revenue streams. Notably, companies like Woah incorporate 1-decanol in manufacturing beauty products such as the Mini Beauty Box Vegan-Friendly skincare collection. This collection, introduced by Next Retail Ltd in February 2022, offers travel-sized skincare products, encompassing items like the Dual Action Exfoliator, SPF 30 Lotion, Brightening Toner, Cooling Micellar Water, Multi Vitamin Eye Cream, Detoxifying Mask, and Hydrating Mask, all formulated with decyl alcohol among other components.

Key industry players in the 1-Decanol market are introducing novel 1-Decanol derivatives, like the innovative SpectraSyn MaX, to deliver exceptional features such as low viscosity and volatility. This derivative, a state-of-the-art polyalphaolefin (PAO) base stock, was introduced by ExxonMobil Chemical in May 2021. SpectraSyn MaX, a derivative of 1-Decanol, is engineered to offer unparalleled low viscosity and low volatility, emphasizing enhanced fuel efficiency and energy conservation. Its unique features aim to contribute to improved fuel economy and energy efficiency in diverse applications.

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

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 regions covered in the 1-Decanol market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the 1-Decanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The 1-Decanol market consists of sales of 1-Decanol sources including citrus oils and wines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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