2-Hexyldecanol Market

2-Hexyldecanol Market Snapshot (2022 to 2032)

The global 2-hexyldecanol market size is expected to reach USD 111 Billion in 2032. Growth in the cosmetics industry in low-income group countries is anticipated to push the demand for 2-hexyldecanol in the future.

As per FMI, the global 2-hexyldecanol market share stood at USD 75 Billion in 2022 and is set to exhibit growth at a CAGR of 4% in the forecast period from 2022 to 2032.

Report Attribute	Details
2-Hexyldecanol Market Estimated Base Year Value (2021)	USD 72 Billion
2-Hexyldecanol Market Expected Market Value (2022)	USD 75 Billion
2-Hexyldecanol Market Anticipated Forecast Value (2032)	USD 111 Billion
2-Hexyldecanol Market Projected Growth Rate (2022 to 2032)	4% CAGR

The 2-hexyldecanol market has seen substantial growth in a few years and is expected to continue to do so throughout the projected period. 2-Hexyldecanol is a kind of fatty alcohol with a lot of branches. Stability, lower melting point, and low irritant qualities have resulted in higher demand for 2-hexyldecanol in numerous industries.

Its distinctive color, thermal stability, increased biodegradability, excellent liquidity, and superior stability to some other unsaturated or straight alcohols with a comparable number of carbon atoms can be attributed to higher sales of 2-hexyldecanol in the pharmaceutical and cosmetic industry.

Though the pharma grade segment mostly dominates the global market, in recent years, there has been a promising growth in demand for 2-hexyldecanol in the technical grade segment.

Generally, it is liquid in state at room temperature, the major advantage for such higher sales of 2-hexyldecanol in the industrial market. With the emergence of such new uses, the global 2-hexyldecanol market share is predicted to witness promising growth in the future years.

What is the Future Dynamics for Global 2-Hexyldecanol Market Growth?

2-hexyldecanol has multifunctional characteristics owing to which it finds application in personal care, cosmetics, polymer & plastic, and dyes, among other industries. In the personal care & cosmetic industry, the demand for 2-hexyldecanol is particularly for its use as an emulsifier.

In contrast, it is used as a solubilizing agent for liposomal drugs in the pharmaceutical industry. Along with this, the sales of 2-hexyldecanol as a solvent in dyes, pigment, rubber & plastic manufacturing are gaining momentum in the present market.

The trends in the cosmetics & personal care industry are such that multifunctional ingredients are used for skin care, sun care, and hair care cosmetics products, which sequentially is expected to drive the demand for 2-hexyldecanol over the forecast period.

Higher sales of 2-hexyldecanol are also achieved due to its uses as a cosmetics ingredient to provide multifunctional properties. Moreover, OSHA defines it as a non-hazardous substance, i.e., it is a relatively safer alternative to some of the other conventionally used ingredients that are anticipated to drive the sales of 2-hexyldecanol for cosmetics products.

Along with this, significant growth of dyes and polymer & plastics industry in developing regions will, in turn, help to drive the demand for 2-hexyldecanol in other markets.

Which Factors May Hinder the Global 2-Hexyldecanol Market Growth?

2-hexyldecanol tends to be more expensive than other aliphatic alcohols due to the comprehensive conversion during the dimerization process of alcohol.

Thus, relatively higher prices of 2-hexyldecanol are in turn expected to act as an impediment to the sales of 2-hexyldecanol during the forecast period. Moreover, the global 2-hexyldecanol market share is a highly consolidated market as two players, BASF SE, and Sasol Ltd., accounted for the lion’s share of the market in terms of production.

At the same time, several other new players are focusing on the expansion of the production capacity in order to enhance their sales of 2-hexyldecanol in the global market.

What is the Regional Outlook For the 2-Hexyldecanol Market Share?

In terms of demand for 2-hexyldecanol, the global market is expected to be dominated by the Asia Pacific region, followed by North America. Whereas in terms of production and sales of 2-hexyldecanol, Europe alone accounts for the lion’s share of the global market.

This higher demand for 2-hexyldecanol in the Asia Pacific region is mainly attributed to the increasing consumption of personal care products in China, Japan, and Southeast Asian countries. Steady growth in end-use industries across the Asia Pacific is expected to translate into a steady growth in demand for 2-hexyldecanol in the region during the forecast period.

North America and Europe are expected to witness relatively slower growth in sales of 2-hexyldecanol primarily due to the mature nature of the end-use industry in these regions.

Who are the Key Players in the 2-Hexyldecanol Market Competition?

Some of the leading companies operating in the global 2-hexyldecanol market are BASF SE, Sasol Ltd, Kisco Ltd, New Japan Chemical Co., Ltd, DowPol Corporation, Jarchem Industries Inc, TCI AMERICA, and Merck KGaA among others.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Grade, Function, End Use
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa
Key Companies Profiled	BASF SE; Sasol Ltd; Kisco Ltd; New Japan Chemical Co., Ltd; DowPol Corporation; Jarchem Industries Inc; TCI AMERICA; Merck KGaA
Customization	Available Upon Request

Key Segments Profiled in the 2-Hexyldecanol Market Survey

By Grade:

• Technical Grade
• Pharma Grade

By Function:

• Solvent
• Emulsifier
• Solubilizer
• Others

By End Use:

• Personal Care & Cosmetics
• Pharmaceuticals
• Polymer & plastics
• Dyes
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

Frequently Asked Questions

At what rate will the 2-Hexyldecanol Market Grow?

The expected growth rate of the 2-hexyldecanol market share is about 4% for the years 2022 to 2032.

What is the Predicted 2-Hexyldecanol Market Size in the Future?

The global 2-hexyldecanol market is set to exceed USD 111 Billion in 2032.

Which Region is set to Lead the 2-Hexyldecanol Market?

Asia Pacific is set to lead the global 2-hexyldecanol market in the forecast period.