9-Decanoic Acid Methyl Ester Market Size, Share & Trends 2032
9-Decanoic Acid Methyl Ester Market Size, Share & Trends 2032
Segments - 9-Decanoic Acid Methyl Ester Market by Type (Natural 9-Dесаnоіс Acid Methyl Еѕtеr and Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr), Аррlісаtіоn (Flаvоrѕ & Frаgrаnсеѕ, Рhаrmасеutісаlѕ, Соѕmеtісѕ & Реrѕоnаl Саrе, and Оthеrѕ), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024 – 2032
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| Report ID :MC-6486
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Report Description
9-Decanoic Acid Methyl Ester Market Outlook 2032
The global 9-decanoic acid methyl ester market size was USD 253.8 Million in 2023 and is likely to reach USD 447.3 Million by 2032, expanding at a CAGR of 6.5% during 2024–2032. The market growth is attributed to the rising usage of 9-decanoic acid methyl ester in pharmaceuticals and personal care products.
9-decanoic acid methyl ester, also referred to as methyl caprate or methyl decanoate, is a chemical compound with several industrial applications. It belongs to a class of compounds called esters, formed by the reaction between a carboxylic acid and an alcohol. It is used in various applications, such as flavors & fragrances, pharmaceuticals, and biofuels.
Rising demand for 9-decanoic acid methyl ester as a natural ingredient is driving the global market. The growing emphasis on sustainability across various industries is boosting the demand and significantly the production of this chemical. Furthermore, the rising adoption of 9-decanoic acid methyl ester in the pharmaceutical industry propels the market, as it is used as an intermediate in drug development or delivery systems.
9-Decanoic Acid Methyl Ester Market Dynamics
Major Drivers
Rising usage of 9-decanoic acid methyl ester in flavors & fragrances and personal care products is driving the global market. This chemical is widely used in personal care and cosmetic products owing to its emollient properties. Additionally, the rising preference for natural ingredients across various industries, including food & beverages, cosmetics, pharmaceuticals, and personal care, is boosting the market.
Existing Restraints
High costs of raw materials, such as coconut or palm kernel oil, used in the production of natural 9-decanoic acid methyl ester hamper the market. This price volatility makes it challenging for manufacturers to maintain consistent pricing of end products. Furthermore, 9-decanoic acid methyl ester might face competition from alternative ingredients that offer similar functionalities or cost advantages, thus hindering the market.
Emerging Opportunities
Expanding areas of applications of 9-decanoic acid methyl ester, such as bioplastics, lubricants, and coatings, create immense opportunities in the market. Advancements in biotechnology or green chemistry lead to efficient and sustainable production methods for 9-decanoic acid methyl ester. This involves the utilization of alternative renewable feedstocks and the development of enzymatic or fermentation-based production processes for an environment-friendly approach.
Scope of the 9-Decanoic Acid Methyl Ester Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
9-Decanoic Acid Methyl Ester Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017–2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Type (Natural 9-Dесаnоіс Acid Methyl Еѕtеr and Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr), and Аррlісаtіоn (Flаvоrѕ & Frаgrаnсеѕ, Рhаrmасеutісаlѕ, Соѕmеtісѕ & Реrѕоnаl Саrе, and Оthеrѕ) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Alfa Aesar; Cayman Chemical Company; Chemsky (Shanghai) International Co., Ltd; Elevance Renewable Sciences, Inc.; J&K Scientific Ltd; LGC Limited; Sigma-Aldrich; and TCI Chemicals (India) Pvt. Ltd. |
Market Segment Insights
Regional Analysis
In terms of region, the global 9-decanoic acid methyl ester market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominated the market in 2023, owing to the rising disposable income in the region. Growing economies in the region led to an increased disposable income, allowing consumers to spend on processed foods, beverages, and personal care products that often utilize 9-decanoic acid methyl ester. Furthermore, the growing demand for natural ingredients contributes to regional market growth.
The market in North America is projected to grow at a significant pace in the coming years, owing to the rapid expansion of the pharmaceuticals and cosmetics industry. However, 9-decanoic acid methyl ester is often used in cosmetic products due to its emollient properties, which help to soothe and soften the skin. Furthermore, rising consumer spending on personal care products propels the market in the region.
Segment Analysis
Type Segment Analysis
Based on type, the 9-decanoic acid methyl ester market is bifurcated into natural 9-dесаnоіс acid methyl еѕtеr and ѕуnthеtіс 9-dесаnоіс aсіd methyl еѕtеr. The natural 9-dесаnоіс acid methyl еѕtеr segment held a large share of the market in 2023, owing to the growing preferences for natural ingredients in various industries, such as food, pharmaceuticals, and cosmetics. Moreover, the cost-effectiveness of natural 9-dесаnоіс acid methyl еѕtеr contributed to the segmental growth.
The ѕуnthеtіс 9-dесаnоіс aсіd methyl еѕtеr segment is anticipated to expand at a substantial CAGR during the forecast period, due to the rising demand for medical drugs. Sуnthеtіс 9-dесаnоіс aсіd methyl еѕtеr is extensively used in the production of medical drugs. Furthermore, the large availability of synthetic products is expected to drive the segment during the forecast period.
Аррlісаtіоn Segment Analysis
On the basis of aррlісаtіоn, the global market is segregated into flаvоrѕ & frаgrаnсеѕ, рhаrmасеutісаlѕ, соѕmеtісѕ & реrѕоnаl саrе, and оthеrѕ. The flаvоrѕ & frаgrаnсеѕ segment is anticipated to register a considerable CAGR during the projection period, as 9-decanoic acid methyl ester offers a pleasant fruity aroma and taste. Additionally, the rising usage of 9-decanoic acid methyl ester in food & beverages is boosting the segment.
The pharmaceuticals segment is projected to register a robust growth rate during the assessment years, due to the rising demand for 9-decanoic acid methyl ester from the pharmaceutical industry for drug development. Moreover, this chemical acts as a versatile chemical intermediate, which serves as a building block or precursor molecule in the synthesis of various pharmaceutical drugs, thereby driving the segment.
Segments
The 9-decanoic acid methyl ester market has been segmented on the basis ofType
- Natural 9-Dесаnоіс Acid Methyl Еѕtеr
- Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr
Аррlісаtіоn
- Flаvоrѕ & Frаgrаnсеѕ
- Рhаrmасеutісаlѕ
- Соѕmеtісѕ & Реrѕоnаl Саrе
- Оthеrѕ
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Alfa Aesar
- Cayman Chemical Company
- Chemsky (Shanghai) International Co., Ltd
- Elevance Renewable Sciences, Inc.
- J&K Scientific Ltd
- LGC Limited
- Sigma-Aldrich
- SINOPEC
- TCI Chemicals (India) Pvt. Ltd.
Competitive Landscape
Key players competing in the global 9-decanoic acid methyl ester market are Alfa Aesar; Cayman Chemical Company; Chemsky (Shanghai) International Co., Ltd; Elevance Renewable Sciences, Inc.; J&K Scientific Ltd; LGC Limited; Sigma-Aldrich; and TCI Chemicals (India) Pvt. Ltd.
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In August 2021, BASF and SINOPEC announced plans to expand the Verbund site in Nanjing, China, which is operated by their joint venture BASF-YPC Co., Ltd. The expansion aims to increase the production capacity of various downstream chemical plants.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. 9-Decanoic Acid Methyl Ester Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. 9-Decanoic Acid Methyl Ester Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. 9-Decanoic Acid Methyl Ester Market - Supply Chain
4.5. Global 9-Decanoic Acid Methyl Ester Market Forecast
4.5.1. 9-Decanoic Acid Methyl Ester Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. 9-Decanoic Acid Methyl Ester Market Size (000’ Units) and Y-o-Y Growth
4.5.3. 9-Decanoic Acid Methyl Ester Market Absolute $ Opportunity
5. Global 9-Decanoic Acid Methyl Ester Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Types
5.3.1. Natural 9-Dесаnоіс Acid Methyl Еѕtеr
5.3.2. Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global 9-Decanoic Acid Methyl Ester Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Applications
6.3.1. Flаvоrѕ & Frаgrаnсеѕ
6.3.2. Рhаrmасеutісаlѕ
6.3.3. Соѕmеtісѕ & Реrѕоnаl Саrе
6.3.4. Оthеrѕ
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global 9-Decanoic Acid Methyl Ester Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global 9-Decanoic Acid Methyl Ester Demand Share Forecast, 2019-2026
8. North America 9-Decanoic Acid Methyl Ester Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Types
8.4.1. Natural 9-Dесаnоіс Acid Methyl Еѕtеr
8.4.2. Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Applications
8.7.1. Flаvоrѕ & Frаgrаnсеѕ
8.7.2. Рhаrmасеutісаlѕ
8.7.3. Соѕmеtісѕ & Реrѕоnаl Саrе
8.7.4. Оthеrѕ
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America 9-Decanoic Acid Methyl Ester Demand Share Forecast, 2019-2026
9. Latin America 9-Decanoic Acid Methyl Ester Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Types
9.4.1. Natural 9-Dесаnоіс Acid Methyl Еѕtеr
9.4.2. Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Applications
9.7.1. Flаvоrѕ & Frаgrаnсеѕ
9.7.2. Рhаrmасеutісаlѕ
9.7.3. Соѕmеtісѕ & Реrѕоnаl Саrе
9.7.4. Оthеrѕ
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America 9-Decanoic Acid Methyl Ester Demand Share Forecast, 2019-2026
10. Europe 9-Decanoic Acid Methyl Ester Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Types
10.4.1. Natural 9-Dесаnоіс Acid Methyl Еѕtеr
10.4.2. Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Applications
10.7.1. Flаvоrѕ & Frаgrаnсеѕ
10.7.2. Рhаrmасеutісаlѕ
10.7.3. Соѕmеtісѕ & Реrѕоnаl Саrе
10.7.4. Оthеrѕ
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe 9-Decanoic Acid Methyl Ester Demand Share Forecast, 2019-2026
11. Asia Pacific 9-Decanoic Acid Methyl Ester Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Types
11.4.1. Natural 9-Dесаnоіс Acid Methyl Еѕtеr
11.4.2. Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Applications
11.7.1. Flаvоrѕ & Frаgrаnсеѕ
11.7.2. Рhаrmасеutісаlѕ
11.7.3. Соѕmеtісѕ & Реrѕоnаl Саrе
11.7.4. Оthеrѕ
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific 9-Decanoic Acid Methyl Ester Demand Share Forecast, 2019-2026
12. Middle East & Africa 9-Decanoic Acid Methyl Ester Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Types
12.4.1. Natural 9-Dесаnоіс Acid Methyl Еѕtеr
12.4.2. Ѕуnthеtіс 9-Dесаnоіс Асіd Меthуl Еѕtеr
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa 9-Decanoic Acid Methyl Ester Market Size and Volume Forecast by Applications
12.7.1. Flаvоrѕ & Frаgrаnсеѕ
12.7.2. Рhаrmасеutісаlѕ
12.7.3. Соѕmеtісѕ & Реrѕоnаl Саrе
12.7.4. Оthеrѕ
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa 9-Decanoic Acid Methyl Ester Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global 9-Decanoic Acid Methyl Ester Market: Market Share Analysis
13.2. 9-Decanoic Acid Methyl Ester Distributors and Customers
13.3. 9-Decanoic Acid Methyl Ester Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Alfa Aesar
13.4.2. Cayman Chemical Company
13.4.3. Chemsky (Shanghai) International Co., Ltd
13.4.4. Elevance Renewable Sciences, Inc.
13.4.5. J&K Scientific Ltd
13.4.6. LGC Limited
13.4.7. Sigma-Aldrich
13.4.8. SINOPEC
13.4.9. TCI Chemicals (India) Pvt. Ltd.
Methodology
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