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2-Hexyldecanol Market was valued at USD 74,800 million in 2022 and is poised to grow at a CAGR of 4% over 2023-2029. 2-Hexyldecanol is a chemical compound with the molecular formula C16H34O, classified as a fatty alcohol, and belongs to a group of chemicals known as alcohols typically used as surfactants or emulsifiers in several industries. The rising demand for cosmetics and personal care products, including skin creams, lotions, and hair care products owing to 2-Hexyldecanol possessing properties that help to improve the texture and feel of the products on the skin and hair drives the market. For instance, according to Cosmetics Europe, in Europe, the cosmetics and personal care industry brings at least €29 billion in added value to the European economy annually. €11 billion is contributed directly by the manufacture of cosmetic products and €18 billion indirectly through the supply chain. Furthermore, the increasing application of 2-Hexyldecanol in the pharmaceutical industry to serve as an emollient and assist in the delivery of active ingredients through the skin is anticipated to propel the market growth during the forecast years.
Additionally, opportunities may arise from the creation of sustainable or biobased 2-hexyl decanol, particularly as businesses look for ecologically friendly ingredients more and more. The cosmetic industry is being influenced by the movement toward natural and healthy beauty products. As a result, there can be a rise in demand for natural or plant-derived substances like 2-hexyl decanol. But, the adoption of stringent regulations in the cosmetics, pharmaceutical, and chemical industries may hinder market growth. However, the increased multifunctional applications in various industries like personal care, cosmetics, polymer & plastic, and dyes, among other industries, increased disposable income, increased investment by key companies, emergence of new market players are anticipated to burgeon the market growth during the forecast years.
Fastest Growing Market
The market is expected to increase owing to the increased demand for solvent in various industrial applications, such as paints, coatings, and cleaning products. The rising paint and coating industry is anticipated to drive the market. 2-Hexyldecanol plays a crucial role in dissolving, dispersing, or diluting other substances. At room temperature, 2-hexyl decanol is normally a liquid and is soluble in a variety of organic solvents, such as other alcohols and hydrocarbons. Thud, it is widely used in cleaning solutions like degreasers and industrial cleansers where its solubility capabilities make it beneficial for mixing or dissolving with different chemicals and compounds. This helps dissolve and remove oils, greases, and other pollutants. Furthermore, the 2-Hexyldecanol is used as a solvent in the production of adhesives and sealants, aiding in the mixing and dispersion of adhesive ingredients.
The 2-hexyldecanol market was valued at USD 74,800 million in 2022 and is expected to grow at 4% CAGR over the forecast period 2023 – 2029.
The rising demand for cosmetics and personal care products, including skin creams, lotions, and hair care products owing to 2-Hexyldecanol possessing properties that help to improve the texture and feel of the products on the skin and hair drives the market.
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BASF, Sasol Ltd, Kisco Ltd, New Japan Chemical Co., Ltd, DowPol Corporation, Jarchem Industries Inc, and Merck Group are a few companies operating in the 2-Hexyldecanol market.