Global 9-decanoic Acid Methyl Ester Market 2017-2021

Overview of the global 9-decanoic acid methyl ester market

Fatty alcohols, fatty acids, fatty acid methyl esters, and glycerol are some of the oleochemicals that are obtained from sources such as plants and animals. Technavio's market research report identifies that the increased demand for oleochemicals will be one of the primary growth drivers for the global 9-decanoic acid methyl ester market till 2021. Renewable sources such as palm oil, coconut oil, kernel palm oil, seed oil, and animal fats are used in the extraction of decanoic acid. The production of chemicals from petrochemical sources emits VOC. As a result, various agencies such as the United Nations environment programme (UNEP), environmental protection agency (EPA), and world nature organization (WNO) are encouraging the adoption of biodegradable products over petrochemical products. This in turn, will boost the demand for biodiesel, positively influencing this market's growth. Our market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The increasing demand for 9-decanoic acid methyl ester from cosmetics and personal care industries will be one of the key trends that will gain traction in the global 9-decanoic acid methyl ester market during the projected period. Manufacturers extensively use 9-decanoic acid methyl ester as an ingredient in body wash, soaps, and hand cleaners. They are also used in shampoos, lotions, anti-aging creams, foundations, and eyeliners.

Competitive landscape and key vendors

The 9-decanoic acid methyl ester market is characterized by the presence of few global and local vendors and appears to be moderately concentrated. The approval of using renewable sources by government agencies and the enhanced performance of 9-decanoic acid methyl ester offers growth opportunities to the vendors in this marketspace.

Key vendors in this market are -

• Elevance Renewable Sciences
• J&K Scientific
• Matreya
• Merck
• P&G Chemicals

Other prominent vendors in the market include Adamas Reagent, Chemsky (Shanghai) International, MP Biomedicals, TCI Chemicals, and YANCHENG CITY CHUNZHU AROMA

Segmentation by application and analysis of the 9-decanoic acid methyl ester market

• Pharmaceuticals
• Flavors and fragrance

The flavors and fragrance industry highly relies on 9-decanoic acid methyl ester to produce artificial fruit flavors and perfumes. The demand for flavoring agents is also increasing because it is extensively used in spices, perfumes, food items like jams, jellies, and dairy products, fragrance oils, and wines. The flavors and fragrance industry will continue to be the fastest and largest growing application segment of the global 9-decanoic acid methyl ester market due to the rapid expansion of the food and beverage industry.

Segmentation by geography and analysis of the 9-decanoic acid methyl ester market

• APAC
• Europe
• North America
• ROW

The wide availability of raw materials such as palm oil and coconut oil, which are used in the production of 9-decanoic acid methyl ester is driving the 9-decanoic acid methyl ester market's growth in the APAC region. Also, the cost of production of methyl decanoate is low. The production of palm oil is high in countries like Malaysia and Thailand due to the presence of an abundance of palm trees in tropical parts of APAC. This in turn, positively impacts the demand for 9-decanoic acid methyl ester in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global 9-decanoic acid methyl ester market?
• What are the key market trends impacting the growth of the global 9-decanoic acid methyl ester market?
• What are the challenges to market growth?
• Who are the key vendors in the global 9-decanoic acid methyl ester market?
• What are the market opportunities and threats faced by the vendors in the global 9-decanoic acid methyl ester market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global 9-decanoic acid methyl ester market?

Technavio also offers customization on reports based on specific client requirement.

According to market research experts at Technavio, the high demand for green chemicals may fuel the growth of this market in the coming years. This forthcoming market research report on the 9-decanoic acid methyl ester market covers vendors like BASF, P&G, and Wilmar International Limited. Furthermore, to present clients the opportunity to explore and expand in niche markets, this report also encompasses geographies like the Americas, APAC, Europe, and ROW.  

This upcoming research report on the global 9-decanoic acid methyl ester market offers insights into the significant drivers and trends influencing the growth of the chemicals and materials industry. Our reports for the chemicals and materials industry also follow a scrupulous data collection methodology and presents an analysis of the rapidly growing sectors like specialty chemicals.  

Furthermore, to accurately predict, our industry professionals implement a uniquely formulated method to assess the change in the market share for the highly volatile market segments. Also, by understanding the market size, surging demand for several niche markets of the specialty chemicals sector, the industry analysts at Technavio present an all-inclusive picture of the 9-decanoic acid methyl ester market from 2017 to 2021.

The upcoming industry research report for 9-decanoic acid methy ester market also categorizes the prominent drivers, trends, and restraints that the specialty chemicals sector frequently experiences. This report on the presents insights into the rapidly changing vendor landscape to give clients a complete overview of the events within the chemicals and materials industry. Technavio also offers in-depth market assessments into the sectors such as paints, coatings, and pigments and olefins. 

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.