9-Decanoic Acid Methyl Ester Industry
The global 9-decanoic acid methyl ester market size is expected to reach USD 303.8 million by 2030, registering a CAGR of 6.0% from 2024 to 2030, as per the new report by Grand View Research, Inc. Rising awareness regarding the use of green chemicals coupled with rapidly growing demand for esters in flavors & fragrances industry is likely to boost 9-decanoic acid methyl ester consumption in upcoming years. The increasing number of biorefineries to fulfill ever rising biodiesel and other bio-chemicals’ demand is expected to trigger its production over the forecast period.
The price for decanoic acid methyl esters is higher than its synthetic counterparts owing to the involvement of specialized processes such as metathesis, which require costly catalysts. Further, these processes are time and energy consuming which in turn leads to high production cost, thus pushing the overall price of product upwards.
The flavors & fragrances application segment is predicted to gain traction over the forecast period. The ability of esters to impart fruity flavors is a key factor for their increasing demand in flavors and fragrances industry. The segment is likely to grow an estimated CAGR of 5.0% from 2016 to 2025.
Gather more insights about the market drivers, restrains and growth of the Global 9-Decanoic Acid Methyl Ester market
9-Decanoic Acid Methyl Ester Market Segments Highlights:
- The flavors & fragrances segment dominated the market and accounted for the largest revenue share of 62.4% in 2023 owing to the growing interest of consumers in natural and organic products, including fragrances and flavors.
- The pharmaceuticals segment is expected to grow at a significant CAGR of 5.8% over the forecast period. 9-decanoic acid methyl ester can enhance the bioavailability of poorly soluble drugs by serving as an excipient to improve their solubility.
- Asia Pacific 9-decanoic acid methyl ester market dominated the global market with a market share of 44.9% in 2023 due to the growing population in the region.
9-Decanoic Acid Methyl Ester Market Report Segmentation
Grand View Research has segmented the global 9-decanoic acid methyl ester market report based on application and region.
9-Decanoic Acid Methyl Ester Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
- Flavors & Fragrances
- Pharmaceuticals
- Others
9-Decanoic Acid Methyl Ester Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
Key 9-Decanoic Acid Methyl Ester Company Insights
- Merck & Co., Inc.
- Tokyo Chemical Industry (India) Pvt. Ltd.
- Thermo Fisher Scientific Inc.
- Santa Cruz Biotechnology Inc.
- Cayman Chemical
- VWR International, LLC.
- LGC Limited
- LARODAN AB
Order a free sample PDF of the 9-Decanoic Acid Methyl Ester Market Intelligence Study, published by Grand View Research.
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