The 4-Decanol Market would Leverage Demand from the Flourishing Personal Care & Cosmetics Industry

The 4-Decanol Market size is estimated to reach US$190 million by 2027, growing at a CAGR of 5.8% during the forecast period 2022-2027. The use of 4-Decanol in personal care & cosmetics has increased significantly. 4-decanol is a straight-chain fatty alcohol and it is used in the production of plasticizers, lubricants, surfactants and solvents. 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 rising awareness of the benefits of using 4-decanol in cosmetics is propelling the global 4-decanol market forward. According to Invest India, the beauty and personal care product market in India was valued at around $26.8 billion in 2021. It is expected to grow to $37.2 billion by 2025. 

On the basis of the end-use industry, the 4-Decanol market can be segmented into personal care & cosmetics, chemical & pharmaceutical and others. The 4-Decanol market’s leading segment has been evaluated to be personal care & cosmetics. During the forecast period 2022-2027, the personal care & cosmetics segment is expected to grow with a CAGR of 6.4%. 4-Decanol is found in a wide range of cosmetics and personal care products, including shampoos, conditioners, soaps and lotions. 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 total cosmetic sector output increased from $7.10 billion in 2018 to $7.15 billion in 2019. Consumer demand for cosmetics products is expected to rise as the population grows. As a result, the 4-decanol market is seeing significant growth in the segment.

On the basis of geography, the 4-Decanol market can be segmented into North America, South America, Europe, APAC and EMEA. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most profitable region in the market. In 2022, the Asia-Pacific region held a 39.7% share of the total revenue earned by the market, globally. Asia-Pacific countries including India and China are ahead comparatively in terms of consuming personal care & cosmetics products. The personal care & cosmetic sector is growing rapidly in Asia-Pacific owing 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 would have grown from US$6.5 billion to US$20 billion in 2025. The 4-Decanol market would also gain demand from the North American region. The U.S. and Canada are emerging as competitive countries in the 4-Decanol market.

Key companies holding major shares 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  and Sasol.