Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global 9-Decanoic Acid Methyl Ester Market is Expected to Grow from USD 198.6 Million in 2023 to USD 352.7 Million by 2033, at a CAGR of 5.91% during the forecast period 2023-2033.
Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global 9-Decanoic Acid Methyl Ester Market Size, Share, and COVID-19 Impact Analysis, By Application (Flavors & Fragrances, Pharmaceuticals, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
9-Decanoic acid methyl ester, or methyl decanoate, is a chemical compound that belongs to the ester class. It is obtained from the reaction between methanol and decanoic acid, forming a clear liquid with a fruity smell. This methyl ester has been used as a chemical intermediate in several industries, such as chemical synthesis, cosmetics, and flavors. This is due to its versatility, it is a major ingredient in the manufacture of varied compounds, highlighting its significance as a multifunctional chemical intermediate in several production processes. The opportunities that the increased focus on sustainability and bio-based chemicals offer place 9-decanoic acid methyl ester advantageously in the chemical market. With more industries globally shifting their focus toward green practices, the bio-based character of the ester naturally aligns with sustainability objectives. Furthermore, the strong growth of the chemical industry is a major impetus for the market forces of 9-decanoic acid methyl ester. With rising demand from industrial applications, including pharmaceuticals, agrochemicals, and specialty chemicals, the growth path of the chemical industry reflects the growing requirement for multifunctional chemical intermediates like 9-decanoic acid methyl ester. However, the market dynamics of 9-decanoic acid methyl ester are significantly hampered by the high cost of esters' extraction, especially from naturally occurring oils.
The flavors & fragrances segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period.
Based on the application, the global 9-decanoic acid methyl ester market is segmented into flavors & fragrances, pharmaceuticals, and others. Among these, the flavors & fragrances segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period. This is due to increased consumer interest in organic and natural products, including fragrances and flavors. The global fragrance and flavor industry is expanding, driven by population increase, increased disposable income, and changing consumer preferences.
North America is anticipated to hold the highest share of the global 9-decanoic acid methyl ester market over the predicted timeframe.
North America is anticipated to hold the highest share of the global 9-decanoic acid methyl ester market over the predicted timeframe. The region boasts a strong chemical manufacturing sector, such as 9-DAME, capable of addressing domestic demand and reducing reliance on foreign chemicals. The regulatory environment in North America generally permits the use of 9-DAME in various industries, such as pharma, chemicals, and others, making it easy to expand in this market.
Asia Pacific is estimated to grow at the fastest CAGR of the global 9-decanoic acid methyl ester market during the forecast period. This is because of the increasing population in the area. There is a growing demand for consumer goods, including fragrances and flavors. Consumers in Asia-Pacific are interested in natural and organic products, some of which have 9-decanoic acid methyl ester as a flavoring agent.
Company Profiling
Major vendors in the global 9-decanoic acid methyl ester market are Tokyo Chemical Industry (India) Pvt. Ltd., Thermo Fisher Scientific Inc., Santa Cruz Biotechnology Inc., LGC Limited, Cayman Chemical, VWR International, LLC., and LARODAN AB, Merck & Co., Inc., and others.
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the 9-decanoic acid methyl ester market based on the below-mentioned segments:
Global 9-Decanoic Acid Methyl Ester Market, By Application
Global 9-Decanoic Acid Methyl Ester Market, By Regional
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