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 forecasts. 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.
What is 1-Decanol?
1-Decanol, also known as capric alcohol, is a fatty alcohol with a ten-carbon chain and the molecular formula C10H22O. It appears as a colorless to light yellow viscous liquid with a mild odor and is insoluble in water but soluble in organic solvents. Characteristics of 1-decanol include its versatility as a nonionic surfactant, emulsifier, and stabilizer in various industrial applications. Features such as its ability to act as a lubricant, wetting agent, or even as a defoaming agent in different formulations contribute to its functional appeal. It finds significant use in sectors like cosmetics, pharmaceuticals, and the manufacturing of lubricants, enhancing product performance and texture.
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What are the growth prospects and trends in the 1-decanol industry?
The accelerating demand for ingredients that offer multifunctionality in formulation processes is driving the market growth of 1-decanol. Moreover, the compatibility of 1-decanol with various synthetic processes and its chemical stability make it a preferred choice across different industrial sectors. The utilization of 1-decanol in an extensive array of applications, from cosmetic creams to industrial solvents, is highlighting the growth of the market. Along with this, the growing requirement for compounds that can act both as solubilizing agents and conditioning aids, paired with adherence to quality and safety standards, is fostering the market growth of 1-decanol. The contemporary understanding of 1-decanol, focusing on its role in enhancing product efficacy while ensuring compliance with regulatory guidelines, is contributing to its market expansion. Other factors such as targeted research to optimize synthetic pathways, innovative marketing strategies emphasizing its technical advantages, and the introduction of specialized 1-decanol-based products addressing unique industrial needs, are propelling the growth of the 1-decanol market globally.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Source:
- Petrochemical Based
- Oleochemical Based
Market Breakup by Application:
- Plasticizers
- Lubricants
- Detergents and Cleaners
- Cosmetics and Personal Care
- Pharmaceuticals
- Flavors and Fragrance
- Others
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
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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