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Decanediol Market

Decanediol Market Analysis, By Grade (>99.0% and <99.0%), By End Use Industry (Medical, Chemical, Personal Care Formulations (Body Care (Body Cleaner and Shower Gels), Cosmetics), and Others), and Region - Market Insights 2023 to 2033

Analysis of Decanediol Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Decanediol Market Outlook (2023-2033)

The Global decanediol market is estimated to be valued at US$ 71.6 million in 2023 and grow at a CAGR of 5.3% over the forecast period from 2023-2033.

Decanediol is an alcohol-containing compound. It is a transparent, colorless liquid, with a distinguishing odor. It dissolves both water and organic solvents easily. It serves as a skin conditioning agent and emollient when used as a raw material or ingredient in cosmetics and personal care products.

Report Attributes

Details

Market Size (2022A)

US$ 68.0 Million

Estimated Market Value (2023E)

US$ 71.6 Million

Forecasted Market Value (2033F)

US$ 119.9 Million

Global Market Growth Rate (2023-2033)

~5.3% CAGR

North America Market Share 2023

~34.7%

Latin America Market Growth Rate (2023-2033)

~4.2% CAGR

Key Companies Profiled

  • Actylis
  • Chem Service
  • Watson
  • HPC Standards GmbH

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Historic to Future Pathway Analysis of Decanediol Market

Numerous application of decanediol in cosmetic product formulation such as those for skincare, makeup, fragrances, shaving preparations, and hair care products creates a huge demand in the cosmetic industry. It also maintains a healthy biome essential for healthy and nourished skin. It also has applications in manufacturing certain chemicals and drugs, propelling the consumption of decanediol.

  • Short-Term Growth Projection: Government rules and regulations towards the usage of organic product favors the market growth during the projected period.
  • Medium-Term Growth Projection: Utilization of eco-friendly products spur market growth in the near future.
  • Long-Term Growth Projection: High quality and strength of the product will create lucrative opportunities for the market’s growth for long-term cooperation.

Over the 2018-2022 historical period, the global decanediol market registered a CAGR of 3.4%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.3% CAGR between 2023 and 2033.

Decanediol market forecast by Fact.MR

Market share analysis of decanediol based on end-use industry and region is provided in a nutshell in the above image. Under the end-use industry segment, the personal care formulation sub-segment is estimated to reach a market share of 39.2% in 2023.

 “Booming Personal and Beauty-care Industry to Spur the Market’s Growth Outlook”

With rising awareness regarding personal care and hygiene, the demand for haircare and skincare products is growing drastically. In addition, the APAC region offers high growth opportunities for industries related to personal care product manufacturing, due to the presence of a huge customer base.

Countries such as India, China, and South Korea are emerging as countries with high market potential, and individual expenditure on personal and beauty care products is high.

Further, in countries such as South Korea, the high standards of beauty have resulted in an ever-changing beauty industry, where people are always looking for better skin care products. Seeking this as an opportunity market players are adopting various ingredients in the formulation of cosmetic or personal care products.

The adoption of decanediol has multiple advantages in cosmetic formulations. Decanediol has no skin irritation upon application, inhibits the growth of the bacteria responsible for body odor, and helps in smoothening and softening the skin. It is considered an anti-aging agent and reverses the aging effect of the skin. This, in turn, enhances the overall effect of the beauty care product, which drives the consumption of decanediol in the beauty and personal care industry.

“Shift in Consumer Preference & Government Regulation Hamper the Market’s Growth”

Shifting consumer preference towards alcohol-free cosmetic products may hamper decanediol sales. As decanediol is an alcohol in nature, however, it is used in cosmetic products due to its positive effect on the skin. Although, consumer preference may challenge the growth of the market.

Further, government stringent rules and regulations for the utilization and manufacturing of the chemical product could hamper the growth of the market and the side effects of the chemical product such as skin irritation and others result in the retardation of the market. The aforementioned factors are potential challenges for the market's growth that need to be breached.

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Country-wise Insights

Why does the French Market Increase Demand for Decanediol?

France is a global leader in the cosmetics sector. The country has a robust domestic cosmetic industry. Around the world, "Made in France" remains a symbol of superior quality.

  • Products made in France are sold in more than 200 countries. France-based businesses have continued to boost their market shares worldwide, especially in emerging polities.
  • In addition, it is estimated that France has about 430 cosmetics companies with a total workforce of 55,000 people. Marionnaud, Sephora, Nocibé, Douglas, and others, are major market players in the cosmetic industry’s distribution network.

Customers in the cosmetics industry are growing more and more demanding, constantly expecting quality and reliable products that will improve their skin's texture and show instant results to meet the requirement of a hustling lifestyle.

Hence, the growing cosmetic product manufacturing to meet the demand for the use of decanediol to enable products to enhance skin texture bolsters the sales and consumption of decanediol in forthcoming years. Also, decanediol has no harmful effects on the skin like other chemicals or alcohol.

Why does the Chinese Market is Gaining Traction?

China is among the world's largest economies and has flourishing demand for the pharmaceutical sector, chemical sector, and others. China's high population, technological advancement, and low-cost labor are the major driver of industrial growth and high product demand.

Over the past two decades, China's growth in the chemical industry has been characterized by rapid investment, fierce competition, and fragmentation across a wide range of segments.

The pullulating of China's chemical sector creates lucrative opportunities for the market's growth as decanediol has applications in the manufacturing of various chemical products. Thus, the demand for decanediol multiplies with the expanding chemical sector across China.

Furthermore, decanediol is used in the manufacturing of various drugs as an intermediate, owing to this the demand for decanediol from the pharma sector is anticipated to grow. Thus, the flourishing pharma sector in China drives the decanediol market growth.

  • For instance, China's pharmaceutical companies witnessed their combined business revenue rise 18.7% y-o-y in 2021, the highest growth rate in the past few years.

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Category-wise Insights

Which Grade is Creating Growth Opportunities for the Decanediol Market?

Decanediol comes in various forms of purity grade, however, the >99.0% purity grade is more popular and is widely used. It has a low molecular weight and a high boiling point. The production of polyurethanes, acrylic and alkyd resins, epoxy resins, and unsaturated polyester resins are just a few of the uses for purity grade >99.0%. Hence, the decanediol with a >99.0% purity grade finds more application than others.

It is projected that the decanediol market will grow at a compound annual growth rate of 5.6% during the forecast period and reach a valuation of US$ 42.0 million by 2033.

Why Cosmetic Industry Spurs the Market’s Growth Outlook?

The cosmetics and skin care product category dominated the global decanediol market. The decanediol helps to soften and smoothen the skin, hence it is frequently utilized in cosmetic compositions. It is also employed as an antiaging agent, aiding in the reversal of the skin's symptoms of aging.

Additionally, it has been discovered that when administered topically to human skin cells. Decanediol can stimulate collagen formation, which minimizes wrinkles. Owing to such factors, decanediol is experiencing high demand in cosmetics.

It is estimated that the cosmetic personal care segment will expand at an exponential growth rate of 6.1% during the projected period.

Key Stratagems by Market Players

Eminent market players in the decanediol market include Actylis, Chem Service, Watson, and others.

Manufacturers are focused on expanding their businesses across emerging nations to gain high-profit margins. Hence, acquisition and collaboration are preferred strategies for the market titans willing to business expansion. Long-term trade relations with the end-use industry create lucrative growth opportunities for the market players.

Further, the enhancement of trade relations with raw materials suppliers and a huge network of well-established distributors will curve the demand pool and offer high revenue growth to the market titans.

Fact.MR has provided detailed information about the price points of key manufacturers of decanediol positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Decanediol Industry Research

  • By Grade:

    • >99.0%
    • <99.0%
  • By End-Use Industry:

    • Medical
    • Chemical
    • Personal Care Formulations
      • Body Care
        • Body Cleaners
        • Shower gels
      • Cosmetics
    • Others
  • By Region:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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The global decanediol market is valued at US$ 71.6 Million in 2023.

North America tops the global decanediol market accounting for 34.7% market share in 2023.

Worldwide demand for decanediol is estimated to increase at a CAGR of 5.3% from 2023 to 2033.

Worldwide demand for decanediol is anticipated to reach US$ 119.9 million by 2033-end.

The global decanediol market is valued at US$ 68.0 million in 2022.

During 2018-2022, sales of decanediol increased at 3.8% CAGR.

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