9 Decanoic Acid Methyl Ester Market, By Type (Natural 9-Dесаnоіс Аcid Мethyl Еѕtеr, Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr) to reach USD 292.99 million by 2029, registering a CAGR of 5.60%

The 9-decanoic acid methyl ester market is expected to witness significant growth during forecast period. The market growth can be recognised by increasing demand from several industries such as fl?v?r? & fr?gr?n???, ?h?rm???ut???l?, ???m?t??? & ??r??n?l ??r? and others. The "flavour and fragrances" is the highest growing application segment 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.

Data Bridge Market Research analyses that the 9 decanoic acid methyl esters market was valued at USD 189.47 million in 2021 and is expected to reach USD 292.99 million by 2029, registering a CAGR of 5.60% during the forecast period of 2022 to 2029. 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.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-9-decanoic-acid-methyl-ester-market

Market Definition

9-decanoic acid methyl ester is also called methyl decanoate and is saturated fatty acid. It is mainly obtained from palm oil and coconut oil through transesterification process. In the transesterification process, the triglyceride is converted into glycerol and methyl ester in the presence of methanol which is acting as the catalyst.

Opportunities

Increase in the number of emerging markets

Major market players are focusing on acquisition and mergers to increase their presence throughout the value chain. The majority of the industry market players are concentrating on product advancements and are targeting the development of new products with eco-friendly properties to cater to a broader application market. This will create profitable opportunities for the growth of 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.)

Global 9 Decanoic Acid Methyl Ester Market Scope

The 9 decanoic acid methyl ester market is segmented on the basis of type and ???l???t??n. 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-D???n??? ?cid ?ethyl ??t?r

??nth?t?? 9-D???n??? ???d ??th?l ??t?r

???l???t??n

Fl?v?r? & Fr?gr?n???

?h?rm???ut???l?

???m?t??? & ??r??n?l ??r?

?th?r?

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