Japan 1-Decanol Market Outlook

the demand of 1-decanol in the japanese market is predicted to remain strong in the upcoming years as a result of several industrial and agricultural applications. the rise of the medical and health care industry in the country, along with manufacturers’ attempts to move away from petroleum-based products, are likely to drive up the demand for 1-decanol, as this alcohol-derivative chemical is widely used as a component in pharmaceuticals, cosmetics, polyols, esters, and resins. in addition, japan’s agricultural industry is expected to benefit from the use of 1-decanol, as it is employed to produce pesticides, herbicides, fungicides, emulsifiers, and lubricants. moreover, the japanese government's incentive programs for food-grade 1-decanol is predicted to positively impact the market. in terms of price trends, 1-decanol’s price rises only slightly with global market conditions, as production costs are relatively low and stable. however, the demand is expected to increase from 2021 to 2028 with the development of numerous applications in the food and chemical industry. as for raw material availability, 1-decanol is primarily derived from the production of coconut oil and palm kernel oil in the japanese market. moreover, surface distillation and hydrogenation process are used to extract 1-decanol from those oils. in other words, the availability of the raw material is expected to remain high in the region. in terms of trading activities, imports of 1-decanol are estimated to continue to be the major driver in the japanese market. since domestic production is limited, the country relies heavily on imports from malaysia, singapore, south korea, and china for its 1-decanol requirements. as such, the demand for 1-decanol in japan is expected to remain strong through 2032, as its diverse applications and raw material availability supports the manufacturing sector and contributes to the country’s economic growth.