Decylalcohol (CAS 112-30-1) Market to Grow with a CAGR of 4.62% through 2028
Growth in research and development activities is expected
to drive the Global Decylalcohol (CAS 112-30-1) Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Decylalcohol
(CAS 112-30-1) Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Decylalcohol (CAS 112-30-1)
Market stood at USD 1.26 billion in 2022 and is anticipated to grow with a CAGR
of 4.62% in the forecast period, 2023-2028. The initiatives taken by government
based on decylalcohol (CAS 112-30-1) has led to favorable market conditions for
the Global Decylalcohol (CAS 112-30-1) Market. Several factors contribute to
the growth of various decylalcohol (CAS 112-30-1) market products.
Governments around the world are actively promoting
the use of sustainable decyl alcohol derived from renewable feedstocks through various
means. They offer financial assistance to companies engaged in the development
and production of this eco-friendly alcohol, while also providing research and
development support to further advance its application. Additionally, public
awareness campaigns are being conducted to educate individuals about the
benefits and importance of using sustainable decyl alcohol. As an example, the
Chinese government has taken the lead by offering substantial financial
assistance to companies committed to the production of decyl alcohol from
renewable sources, encouraging a shift towards a more sustainable future.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Decylalcohol
(CAS 112-30-1) Market”
The increasing focus on research and development
activities is anticipated to significantly boost the growth of the 1-Decanol
market, which is a form of Decylalcohol. According to the report, key players
in the industry are investing in R&D activities, aiming to explore and
discover novel applications and formulations of Decylalcohol. This proactive
approach is expected to drive market growth by introducing innovative products
and solutions that cater to diverse industries and consumer needs. As a result,
the 1-Decanol market is poised for expansion, fueled by the continuous pursuit
of advancements and advancements in Decylalcohol technology.
The Global Decylalcohol (CAS 112-30-1) Market is
segmented into raw material, application, regional distribution, and company
Based on its raw material, the synthetic segment held
the largest share in the market. The availability of raw materials used in the
synthesis of decyl alcohol, such as petrochemical feedstocks, greatly impacts
its cost and availability. Fortunately, these raw materials are often abundant
due to their wide use in various industries, ensuring a steady supply for the
production of decyl alcohol. This abundance not only contributes to the
affordability of decyl alcohol but also supports its widespread availability in
the market.
Based on region, Asia Pacific segment is expected to
grow during the forecast period. Many chemical manufacturers in the Asia-Pacific
region, particularly in countries such as China, Japan, and South Korea, are export-oriented,
catering to diverse markets in North America, Europe, and other regions across
the globe. This export-focused approach has solidified the region's position as
a major player in the global decyl alcohol market, with its products being widely
distributed and utilized worldwide. The Asia-Pacific region, with its robust and rapidly
growing economies, presents immense growth opportunities for various
industries, including the chemicals and personal care sectors. These industries
heavily rely on decyl alcohol as a crucial ingredient in the production of a
wide range of products, ranging from detergents and cosmetics to
pharmaceuticals and fragrances. The increasing demand for decyl alcohol in
these industries further reinforces the significant growth potential that the
Asia-Pacific region holds in the global market.
Major companies operating in Global Decylalcohol (CAS
112-30-1) Market are:
- Ecogreen Oleochemicals GmbH
- Kao Corporation
- Sasol Limited
- Global Green Chemicals Public Company
Limited
- Emery Oleochemicals Sdn. Bhd.
- KLK OLEO Ltd.
- LG Chem Ltd.
- Procter & Gamble Chemical Services
Pte Ltd
- BASF SE
- Musim Mas Holdings Pte Ltd
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“Growing application of decylalcohol (CAS 112-30-1) in
various end user industries are key drivers of the decylalcohol (CAS 112-30-1)
market. Growth in competitive landscape and presence of well-established companies
in the market who are dedicated to enhance their productivity of decylalcohol
(CAS 112-30-1) with every passing year are anticipated to register an
impressive growth to Global Decylalcohol (CAS 112-30-1) Market in the forecast
period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Decylalcohol (CAS 112-30-1) Market By Raw Material (Natural,
Synthetic), By Application (Surfactants, Plasticizers, Cleaning Agent, Others),
By
Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Decylalcohol (CAS 112-30-1) Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global
Decylalcohol (CAS 112-30-1) Market.
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