(MENAFN- EIN Presswire) Decyl Oleate Market - insightSLICE
Decyl Oleate Market - insightSLICE
Decyl Oleate Market Global Sales are Expected to Reach US$ 1,311 Million by 2032
SANTA ROSA, CALIFORNIA, USA, April 18, 2023/einpresswire.com / -- The Global decyl oleate market Share, Trends, Analysis and Forecasts, 2019-2032 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The global decyl oleate market was estimated to be US$ 820 Million in 2022 and is expected to reach US$ 1,311 Million by 2032 at a CAGR of 4.8%. Decyl Oleate is an organic ester composed of two compounds: decanol (a ten-carbon linear alcohol) and oleic acid (a monounsaturated omega-9 fatty acid). It is commonly used in personal care and cosmetic products as a lubricant, emollient, and skin-conditioning agent. Decyl Oleate helps to moisturize the skin and hair, and it can also help to enhance the spreadability and texture of cosmetic formulations. It is often used in creams, lotions, and other cosmetic products that are designed to leave the skin feeling soft and silky.
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Growth driving factors of Global Decyl Oleate Market
Following are some of the major factors driving the market –
Increasing Demand for Personal Care Products: The demand for personal care products has been growing steadily, driven by factors such as changing lifestyles, rising awareness of self-care, and increasing disposable incomes. Decyl oleate is used as an emollient and skin conditioning agent in various personal care products such as creams, lotions, shampoos, and conditioners. For example, IOI Oleo GmbH produces decyl oleate that is widely used as an emollient in hair conditioners and body lotions.
Growing Consumer Awareness and Preference for Natural and Organic Ingredients: Consumers are increasingly aware of the potential harm caused by synthetic ingredients in personal care products and are shifting towards natural and organic products. Decyl oleate is a naturally derived emollient that is gaining popularity among consumers who prefer natural and organic ingredients in their personal care products. For example, Kumar Organic Products Limited produces decyl oleate that is used in various natural and organic personal care products.
Increasing Disposable Income: As disposable incomes rise, consumers are willing to spend more on personal care products, which in turn is driving the demand for decyl oleate as an essential ingredient in these products. For instance, Venus Ethoxyethers Pvt. Ltd. produces decyl oleate that is used in various premium personal care products.
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Growing Urbanization: Urbanization is leading to changes in lifestyle, habits, and social norms, which, in turn, drive the demand for personal care products. Decyl oleate is a vital ingredient in various personal care products, including skin and hair care, which are increasingly being used by urban consumers. For example, Stearinerie Dubois Fils SA produces decyl oleate that is used in various personal care products designed for urban consumers.
Rising Investments in Research and Development: Companies are investing in R&D to develop new and innovative personal care products with improved performance, functionality, and sustainability. Decyl oleate is a key ingredient in the development of these products, and therefore, the increasing investment in R&D is driving the growth of the decyl oleate market. For example, Ashland LLC. invests heavily in R&D to develop innovative personal care products, and their decyl oleate is used in many of their products, including hair conditioners, body lotions, and skin creams.
The leading market segments of Global Decyl Oleate Market
On the basis of source, the plant based decyl oleate segment is the largest. There is a growing trend towards plant-based ingredients in the personal care industry, driven by consumers' increasing awareness and preference for natural and organic ingredients. This trend is also reflected in the decyl oleate market, where manufacturers are increasingly offering plant-based decyl oleate as an alternative to animal-based decyl oleate. Plant-based decyl oleate is derived from sources such as coconut oil, palm oil, and sunflower oil, and is preferred by consumers who are looking for more sustainable and environmentally friendly products.
In addition to the growing trend towards plant-based ingredients, there is also a trend towards more sustainable and environmentally friendly manufacturing practices in the decyl oleate market. Manufacturers are investing in new technologies and processes that reduce the environmental impact of their operations, such as reducing waste, water usage, and greenhouse gas emissions. This trend towards sustainability and environmental responsibility is expected to continue and may become a key factor in the purchasing decisions of consumers and businesses alike.
Geographically, the Asia-Pacific region is expected to witness significant growth in the coming years, driven by the growing demand for personal care products, increasing disposable income, and rising awareness about natural and organic ingredients. Many major players in the personal care industry are expanding their operations in the Asia-Pacific region to tap into this growing market.
In terms of the fastest-growing segment, the Middle East and Africa region is expected to witness significant growth in the coming years, driven by the growing demand for personal care products and increasing investments in the region. The Middle East and Africa region is also home to many natural resources used in the production of decyl oleate, such as palm oil, which is a key ingredient in the manufacturing of plant-based decyl oleate. This is expected to further drive the growth of the decyl oleate market in the region. However, it should be noted that due to the lack of reliable data, it is difficult to make precise predictions about which segment will grow the fastest.
The key players of the Global Decyl Oleate Market are:
Alzo International Inc, Ashland LLC., BASF SE, CISME Italy s.r.l, Domus Chemicals S.p.A., Ecogreen Oleochemical (S) Pte. Ltd., Italmatch Chemicals SpA, KLK Oleo, Kumar Organic Products Limited, Mosselman SA, Oleon NV, Phoenix Chemicals Inc., R & D Laboratories Ltd, Stearinerie Dubois Fils SA, Syntechem Co.,Ltd, Triveni Interchem Pvt. Ltd., Venus Ethoxyethers Pvt. Ltd., Zschimmer & Schwarz Holding GmbH & Co KG., and Others.
Market Segmentation
By Source:
.Plant Based
.Animal Based
By Application:
.Personal Care
.Cosmetics
.Hair Care
.Skin Care
.Pharmaceutical
.Other Applications
By Region
.North America
* United States
* Canada
* Rest of North America
.Europe
* Germany
* United Kingdom
* Italy
* France
* Spain
* Rest of Europe
.Asia Pacific
* Japan
* India
* China
* Australia
* South Korea
* Rest of Asia Pacific
.Middle East & Africa
* UAE
* Saudi Arabia
* South Africa
* Rest of the Middle East & Africa
.South America
* Brazil
* Rest of South America
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