The Global demand for 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.
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Changes in consumer preferences and government regulations are impeding market expansion
Canediol sales may suffer from a shift in consumer demand towards alcohol-free cosmetics. Despite the fact that decanediol is an alcohol by nature, it is utilised in cosmetics because of how well it treats skin. However, consumer preference may pose a threat to the market’s expansion.
Furthermore, the market’s expansion may be hampered by the government’s strict rules and regulations regarding the use and production of chemical products, as well as by the adverse effects of those products, such as skin irritation and others. The aforementioned elements represent potential barriers to market expansion that must be overcome.
Key Stratagems :
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.
Key Companies Profiled
- Actylis
- Chem Service
- Watson
- HPC Standards GmbH
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Key Segmentation :
· By Grade:
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- >99.0%
- <99.0%
· By End-Use Industry:
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- Medical
- Chemical
- Personal Care Formulations
- Others
· By Region:
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- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA