Global 9 Decanoic Acid Methyl Ester Market, By Type (Natural 9-Dесаnоіс Acid Methyl Еѕtеr, Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr), Аррlісаtіоn (Flаvоrѕ & Frаgrаnсеѕ, Рhаrmасеutісаlѕ, Соѕmеtісѕ & Реrѕоnаl Саrе, Оthеrѕ) - Industry Trends and Forecast to 2031.
9 Decanoic Acid Methyl Ester Market Analysis and Size
9-decanoic acid methyl ester involves its role as a versatile chemical intermediate. Widely used in chemical synthesis, cosmetics, and flavors, 9-decanoic acid methyl ester contributes to the specialty chemicals market. The compound's applications span multiple industries, and its market dynamics are influenced by factors such as the overall growth of the chemical industry and the compound's versatility in applications, including pharmaceuticals, cosmetics, and flavors has carved the way for the growth of the 9 decanoic acid methyl ester market. In addition, growing emphasis on sustainability and bio-based chemicals is expected to provide an opportunity for market growth. However, high extraction cost of esters from naturally occurring oils restraining the growth of the market.
Data Bridge Market Research analyses that the 9 decanoic acid methyl ester market which was USD 211.48 million in 2023, would rocket up to USD 327.03 million by 2031, and is expected to undergo a CAGR of 5.65% during the forecast period of 2024 to 2031. “Flavour and fragrances” segment is expected to dominate the application segment of the global 9 decanoic acid methyl ester market due to its fruit-like flavor and aroma. Furthermore, rising demand for soaps and detergents is another major factor which is anticipated to stimulate the consumption of 9-decanoic acid methyl ester as this is one of the major ingredients of soaps and detergents.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Natural 9-Dесаnоіс Acid Methyl Еѕtеr, Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr), Аррlісаtіоn (Flаvоrѕ & Frаgrаnсеѕ, Рhаrmасеutісаlѕ, Соѕmеtісѕ & Реrѕоnаl Саrе, Оthеrѕ)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
|
|
Market Players Covered
|
Cayman Chemical (U.S.), BASF SE (Germany), Procter & Gamble (U.S.), TCI Chemicals (India) Pvt. Ltd. (India), Alfa Aesar (U.S.), Merck & Co., Inc. (U.S.), Chemsky (Shanghai) International Co., Ltd (China), J&K Scientific Ltd (U.S.), Tokyo Chemical Industry Co., Ltd. (Japan), LGC Limited (U.K.), Elevance Renewable Sciences, Inc. (U.S.)
|
|
Market Opportunities
|
|
Market Definition
9-Decanoic acid methyl ester, also known as methyl decanoate, is a chemical compound classified as an ester. It is derived from the reaction between decanoic acid and methanol, resulting in a clear liquid with a characteristic fruity odor. This methyl ester finds applications as a chemical intermediate in various industries, including chemical synthesis, cosmetics, and flavors. Known for its versatility, it serves as a key component in the production of diverse compounds, showcasing its importance as a multifunctional chemical intermediate in different manufacturing processes.
Global 9 Decanoic Acid Methyl Ester Market Dynamics
Drivers
- Increase in the Demand for Diverse Chemical Compound
The robust expansion of the chemical industry stands as a primary driver for the market dynamics of 9-decanoic acid methyl ester. Propelled by increasing demand across industrial sectors, such as pharmaceuticals, agrochemicals, and specialty chemicals, the growth trajectory of the chemical industry underscores the rising need for versatile chemical intermediates such as 9-decanoic acid methyl ester. Furthermore, ongoing innovations in chemical synthesis and advanced manufacturing technologies contribute to the industry's continuous evolution, reinforcing the demand for niche compounds and sustaining a dynamic marketplace for chemical products.
As the chemical industry continues to witness global expansion, driven by factors such as industrialization and technological advancements, 9-decanoic acid methyl ester plays a strategic role in meeting the evolving requirements of diverse manufacturing processes. The industry's pivotal position in providing essential raw materials further solidifies its influence, creating a conducive environment for the sustained demand and utilization of specialized chemical intermediates.
- Strategic Significance of Application Diversity
The application diversity of 9-decanoic acid methyl ester serves as a pivotal driver, contributing to its strategic significance within the chemical industry. With its versatile utility across multiple industrial sectors, ranging from chemical synthesis to cosmetics and flavors, the compound emerges as a critical component in the development of diverse end-products. This adaptability positions it as a sought-after chemical intermediate, providing manufacturers with a versatile tool to meet the intricate demands of various manufacturing processes.
Furthermore, the compound's extensive range of applications enhances its strategic importance by offering manufacturers flexibility in product development. Its use in intricate chemical reactions, formulations in cosmetics, and enhancement of sensory attributes in flavors underscores its multi-functionality. As industries seek specialized chemical solutions, the application diversity of 9-decanoic acid methyl ester aligns with the evolving needs of manufacturers, solidifying its role as a key driver shaping market dynamics.
Opportunities
- Capitalizing on Sustainability Trends in Chemical Markets
The opportunities presented by the growing emphasis on sustainability and bio-based chemicals position 9-decanoic acid methyl ester strategically within the chemical industry. As industries worldwide increasingly prioritize eco-friendly practices, the ester's bio-based nature aligns seamlessly with sustainability goals. Leveraging this trend not only positions manufacturers favorably in meeting regulatory requirements but also opens doors to environmentally conscious consumers, fostering a competitive edge in the market.
This shift towards sustainability is more than a trend; it's a business imperative. The bio-based credentials of 9-decanoic acid methyl ester offer a unique selling proposition, allowing companies to diversify their product portfolios with environmentally responsible alternatives. By capitalizing on these opportunities, businesses can not only contribute to global sustainability objectives but also establish themselves as leaders in the chemical sector's evolution towards greener and more sustainable practices.
Restraints/Challenges
- High Extraction Costs in the Chemical Industry
The high extraction cost of esters, particularly from naturally occurring oils, poses a considerable restraint on the market dynamics of 9-decanoic acid methyl ester. Extraction processes involving natural oils are intricate, demanding sophisticated technologies and resources, contributing to elevated production costs. This cost challenge significantly impacts the competitiveness of 9-decanoic acid methyl ester compared to more economically viable synthetic alternatives, necessitating strategic management to mitigate financial hurdles.
Moreover, the reliance on naturally occurring oils introduces vulnerability to supply chain disruptions and market fluctuations. This dependency amplifies the challenge associated with the high extraction costs, requiring businesses to carefully assess the balance between cost-effectiveness and sustainable sourcing. Navigating these complexities is essential for manufacturers looking to maintain competitiveness and resilience in the face of rising extraction costs, ensuring sustainable growth in the dynamic landscape of the chemical industry.
This 9 decanoic acid methyl ester market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the 9 decanoic acid methyl ester market, contact Data Bridge Market Research for an Analyst Brief; our team will help you make an informed market decision to achieve market growth.
Recent Development
- In November 2023, BASF SE and China Petroleum & Chemical Corporation (SINOPEC) launched additional downstream chemical plants at their Verbund site, which are run by BASF-YPC Co., Ltd. (BASF-YPC), a 50-50 joint venture in Nanjing. The expansion is a deliberate reaction to rising demand from a variety of sectors in the Chinese market
- In July 2020, ABITEC Corporation, an ABF Ingredients company, announced that it has acquired Larodan AB, a manufacturer and global marketer of cutting-edge, high-purity research grade lipids. This strategic purchase will broaden ABITEC's functional lipid product portfolio and scientific capabilities to better serve the pharmaceutical, nutritional, and industrial markets
Global 9 Decanoic Acid Methyl Ester Market Scope
The 9 decanoic acid methyl ester market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Natural 9-Dесаnоіс Аcid Мethyl Еѕtеr
- Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr
Application
- Flаvоrѕ & Frаgrаnсеѕ
- Рhаrmасеutісаlѕ
- Соѕmеtісѕ & Реrѕоnаl Саrе
- Оthеrѕ
Global 9 Decanoic Acid Methyl Ester Market Regional Analysis/Insights
The 9 decanoic acid methyl ester market is analyzed, and market size insights and trends are provided by type, and application referenced above.
The countries covered in the 9 decanoic acid methyl ester market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
Asia-Pacific dominates the 9 decanoic acid methyl ester market in terms of market share and revenue. This is due to the increasing consumption of 9-decanoic acid methyl ester in flavors and fragrances and the sufficient availability of raw materials available within this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2024-2031 due to increasing demand for natural products and the introduction of favorable regulations and biofuels directive for bio-based products in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global 9 Decanoic Acid Methyl Ester Market Share Analysis
The 9 decanoic acid methyl ester market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the 9 decanoic acid methyl ester market.
Some of the major players operating in the 9 decanoic acid methyl ester market are:
- Matreya, LLC (U.S.)
- BASF SE (Germany)
- Procter & Gamble (U.S.)
- TCI Chemicals (India) Pvt. Ltd. (India)
- Alfa Aesar (U.S.)
- Merck & Co., Inc. (U.S.)
- Chemsky (Shanghai) International Co., Ltd (China)
- J&K Scientific Ltd (U.S.)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- LGC Limited (U.K.)
- Elevance Renewable Sciences, Inc. (U.S.)
SKU-