1-Decanol Market: By Type (Synthetic, Natural), Source (Petrochemical Based, Oleochemical Based), By Application (Plasticizers, Lubricants, Detergents & Cleaners, Cosmetics & Personal Care, Pharmaceuticals, Flavors & Fragrance), and Geography

1-Decanol market was valued at USD 205.1 million in 2022 and is poised to grow at a CAGR of 6.1% over 2023-2029. 1-Decanol is a straight-chain fatty alcohol with ten carbon atoms that is yellow, viscous, and insoluble in water that is prepared by the hydrogenation of decanoic acid and used to manufacture plasticizers, lubricants, surfactants, and solvents. The rising demand for 1-Decanol as a surfactant and emulsifier in personal care and cosmetic formulations, detergents, and industrial cleaners industries drive the market. For instance, according to Cosmetics Europe, the Personal Care Association estimated the cosmetics and personal care products market to be valued at €88 billion at retail sales price in 2022 and supports over 3.6 million jobs.

Furthermore, the tremendous growth experienced by the pharmaceutical and chemical industry is also anticipated to propel the market growth. The 1-Decanol is used as an intermediate in the synthesis of various chemicals and pharmaceuticals owing to its high diffusion properties that help for easy cleaning and wetting actions. Furthermore, the rising demand for sustainable and eco-friendly goods in a variety of applications like bio-based plasticizers, biofuels, and green solvents has created opportunities to develop sustainable alternatives to reduce greenhouse gas emissions for manufacturers. Currently, the adoption of 1-Decanol as a green and environmentally friendly solvent is becoming popular in the market owing to increased inclination towards safer and more sustainable solvent options for various applications. But, the constant fluctuation of prices of raw materials such as natural oils or petrochemical feedstocks that are used in the production of 1-Decanol along with the availability of alternative chemicals with similar properties are anticipated to hinder the growth of market. However, the increased applications in home & personal care applications, the adoption of new technologies by manufacturers, the emergence of new players, and increased awareness about the enduringness of plastic in the environment are anticipated to flourish the market during the forecast years.

1-Decanol Market Key Development:

• In March 2023, Evonik, a global specialty chemicals company, disclosed its plans to build a new 1-decanol manufacturing plant in Germany. According to the company's release, the plant is expected to start up by the end of the same year. By making the tactical move, the company hopes to address the rising demand for 1-decanol, a useful fatty alcohol utilized in many different sectors including personal care, surfactants, and plasticizers.
• In May 2022, Sasol Limited, a worldwide integrated chemicals and energy business, established a new alkoxylation facility in Nanjing. The largest expansion project Sasol has undertaken in China to date is this one. The facility will more than double the company's existing output and greatly increase the region's alkoxylation production capacity.