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4-Decanol Market Overview
The 4-Decanol Market size
is estimated to reach more than US$190 million by 2027, growing at a CAGR
of 5.8% during the forecast period 2022-2027. 4-Decanol, also known as decan-4-ol, is a fatty alcohol chain with a colorless to light yellow viscous liquid that
is insoluble in water. The increasing demand for 4-decanol from various
applications, such as cosmetics, plasticizers, chemical intermediates and
others, can be attributed to the growth of the global 4-Decanol Market.
Moreover, rising awareness of the benefits of using 4-decanol is propelling the
global 4-Decanol Market forward. According to Invest India, the beauty and
personal care product market in India is currently worth $26.8 billion and is
expected to grow to $37.2 billion by 2025. The COVID-19 pandemic majorly
impacted the 4-Decanol Market due to restricted production, supply
chain disruption, logistics restrictions and a fall in demand. However, with
robust growth and flourishing applications across major industries such as personal
care & cosmetics and others, the 4-Decanol industry is
anticipated to grow rapidly during the forecast period.
4-Decanol Report Coverage
The “4-Decanol Report –
Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis
of the following segments in the 4-Decanol industry.
By Type: Synthetic and
Natural.
By Application: Plasticizers,
Lubricants, Surfactants, Solvents, Chemical Intermediate, Detergents &
Cleaners and Others.
By End-use Industry: Personal
Care & Cosmetics (Body Care, Face Care, Eye Care, Nail Care, Fragrances and
Others), Chemical & Pharmaceutical, Plastic Industry, Agrochemical and Others.
By Geography: North
America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China,
Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan,
Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile
and the Rest of South America) and the Rest of the World (the Middle East and Africa).
Key Takeaways
- Asia-Pacific dominates the 4-Decanol Market size. An increase in demand from end-user sectors, such as personal care & cosmetics and others, is the main factor driving the region's growth.
- The 4-Decanol industry would see numerous opportunities throughout the forecast period due to the rising demand for 4-Decanol in agrochemical and expansion in the chemical industry.
- One of the primary factors contributing to the 4-Decanol Market's favorable outlook is significant growth in the plastic sector around the world.
- However, the 4-Decanol Market's expansion is projected to be hampered by the fluctuating raw material prices.
4-Decanol Market Segment Analysis – by Type
The Natural type segment held a significant
share in the 4-Decanol Market in 2021 and is projected to grow at a CAGR
of 5.9% during the forecast period 2022-2027. Natural decanol is a colorless
liquid with a distinct alcohol odor. It is insoluble in water but soluble in a
wide range of organic solvents. Natural decanol is created by fermenting sugars
and starches. It is used in the production of cosmetics and personal care
products, plasticizers and chemical intermediates. Increasing demand for
natural-based products is the main factor driving the 4-Decanol Market. These
extensive properties compiled with increasing applications of 4-Decanol are
majorly driving its segmental growth. Thus,
the use of Natural based 4-Decanol in the various end-use industries would propel the 4-Decanol Market size.
4-Decanol Market Segment Analysis – by End-use Industry
The Personal Care & Cosmetics segment held a significant share in the 4-Decanol Market in 2021 and is projected
to grow at a CAGR of 6.4% during the forecast period 2022-2027. 4-Decanol, also
known as decan-4-ol, is used in a variety of cosmetics and personal care
products, including shampoos, conditioners, soaps and lotions. It is a colorless
liquid and fatty alcohol that keeps these products from drying out and keeps
them feeling smooth and creamy. 4-Decanol is also used as an emollient, which
is a substance that softens and moisturizes the skin. The desire to look
beautiful and youthful is driving product sales, allowing for deeper
penetration and expansion into newer markets. According to the International
Trade Administration, Mexico's overall cosmetic sector output increased from
$7.10 billion in 2018 to $7.15 billion in 2019. According to Cosmetic Europe,
the personal care and cosmetics industry has witnessed a growth of 1.3% in 2018
as compared to 2017. With the rise in the demand for personal care & cosmetics across
the globe, the demand for 4-Decanol is anticipated to rise for various
applications, which is projected to boost the market growth in the personal
care & cosmetics industry during the forecast period.
4-Decanol Market Segment Analysis – by Geography
The Asia-Pacific region held a significant share in the 4-Decanol market in 2021 and is projected to grow at a CAGR of 39.7% during the forecast period 2022-2027. The fueling demand and growth of 4-Decanol in this region are influenced by flourishing demand from major industries such as personal care & cosmetic, oil & gas and others, along with fueling manufacturing activities across APAC. The personal care & cosmetic sector is growing rapidly in Asia-Pacific due to rapid technological development, product innovation and expanding consumer preference. According to the India Brand Equity Foundation (IBEF), the beauty, cosmetics and grooming market in India is expected to grow from US$6.5 billion in 2020 to US$20 billion by 2025. According to the International Trade Administration, Thailand's beauty and personal care goods market was valued at around US$6.2 billion in 2018 and is projected to grow to US$8.0 billion by 2022. Thailand's beauty and personal care sector is projected to grow at a rate of 7.3 percent per year from 2019 to 2022. With the rise in personal care & cosmetic production and flourishing consumer demand in APAC, the demand for 4-Decanol for a wide range of applications would grow. This is anticipated to boost the 4-Decanol industry in the Asia-Pacific region during the forecast period.
4-Decanol Market Drivers
Rising Demand from the Pharmaceutical & Chemical Industry:
The rapid rise
in demand for bio-based and renewable resource-based products, along with the
rise in penetration enhancers in transdermal drug delivery in the
pharmaceutical industry, are expected to drive the 4-Decanol Market during the forecast period. It is also used in
the production of other chemicals as a chemical intermediate, thereby driving
the 4-Decanol Market in the pharmaceutical & chemical industry. According
to Invest India, India's pharmaceutical industry is expected to be worth $65
billion by 2024 and $120 billion by 2030. According to the National Investment
Promotion & Facilitation Agency, the chemical industry in India is
projected to reach US$300 billion by 2025. According to the European Chemical Industry Council (CEFIC), the
chemical output in EU27 to grow by 2.5% in 2022, after following a growth of 6%
in 2021. With the rise in the demand for pharmaceutical & chemical
industries across the globe, the demand for 4-Decanol is anticipated to rise
for various applications, which is projected to boost the market growth in the
pharmaceutical & chemical industry during the forecast period.
Bolstering Growth of the Plastic Industry:
4-Decanol, also known as decan-4-ol, is a fatty alcohol chain that is used to manufacture plasticizers. Increasing demand for plastic across the globe is driving the 4-Decanol Market. According to the UN Environment Programme, global primary plastic production is expected to reach 1,100 million tonnes by 2050. According to Plastics Europe Market Research Group (PEMRG), the total world production of plastics stood at 368 million tonnes in the year 2019, an increase of 2.5% from the previous year's production of 359 million tonnes. With the rise in plastic production across the globe, the demand for 4-Decanol is anticipated to rise for various end-use industries, which is projected to boost the 4-Decanol Market growth in the plastic industry during the forecast period.
4-Decanol Market Challenge
Fluctuating Raw Material prices:
Price fluctuations
in raw materials used in making 4-Decanol are a significant concern for the 4-Decanol
global market. Synthetic and natural methods are used to produce 4-decanol.
Petroleum-derived feedstock is the primary source in the synthetic method,
while palm, palm kernel and coconut oil are the primary sources in the natural
method. The price of petroleum in the synthetic process is always determined by
the price of crude oil per barrel, which is volatile and unpredictable. According to the BP Statistical
Review of World Energy 2021 report, crude oil prices have fluctuated quite frequently in recent
years. For instance, the Brent crude oil price decreased from US$52.39/bbl in
2015 to US$43.73/bbl in 2016. Then it increased from US$54.19/bbl in 2017 to
US$71.31/bbl in 2018 and then decreased to US$41.84/bbl in 2020. This results
in a considerable increase in product prices, which drives up manufacturing
costs and reduces manufacturers' profit margins. Thus, this price fluctuation limits the 4-Decanol Market growth.
4-Decanol Industry Outlook
Technology launches, acquisitions
and R&D activities are key strategies adopted by players in the 4-Decanol Market.
The top 10 companies in the 4-Decanol Market are:
- AK Scientific, Inc.
- Santa Cruz Biotechnology, Inc.
- Hangzhou Dayangchem Co. Ltd.
- Chemos GmbH & Co. KG
- BuGuCh & Partners
- Leap Chem Co., Ltd
- Wilmar International Ltd.
- Kuala Lumpur Kepong Berhad
- BASF SE
- Sasol
Relevant Reports
Report Code: CMR 0378
Report Code: CMR 0377
Report Code: CMR 0993
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