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.
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Global 9 Decanoic Acid Methyl Ester Market Dynamics
Drivers
- Increasing demand of 9 decanoic acid methyl ester in food industries
9 decanoic acid methyl ester is used used for imparting fruit flavors in several products such as dairy products, jams, jellies, wines etc. These factors have driven the demand for extraction of ester from organic and natural resources, which is expected to propel the global 9 decanoic acid methyl ester market during the forecast period of 2022-2029.
- Rising demand of sustainable and biodegradable product
9 decanoic acid methyl ester is increase in demand in numerous end-user industries because ofusing eco-friendly processes. 9 decanoic acid methyl ester is manufactured using environmentally friendly processes, and flavours are developed using bio-based chemicals. Increasing awareness regarding the use of environment-friendly products in emerging economies is the major driving factor, which is expected to boost the growth of the global Fatty methyl ester sulfonate market.
Furthermore, increasing demand for soaps and detergents is a dynamic factor which is boosting the market growth, also rising demand from cosmetics and personal care industries and increasing demand for flavours and fragrances are some factors among others which are anticipated to drive the growth rate of the 9-decanoic acid methyl ester market during the forecast period of 2022- 2029.
This study estimates the market size in terms of both 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)
- JK Scientific Ltd (U.S.)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- LGC Limited (U.K.)
- Elevance Renewable Sciences, Inc. (U.S.)
(millions of dollars) and volume (millions of units) (K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the 9-Decanoic Acid Methyl Ester market, as well as the size of various other dependent submarkets in the overall market. To identify important market participants, secondary research was utilized, and primary and secondary research was employed to determine their market shares. All percentage share splits and breakdowns were calculated using secondary sources and verified sources.
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9-Decanoic Acid Methyl Ester Market Regional Analysis/Insights
The 9-Decanoic Acid Methyl Ester market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the 9-Decanoic Acid Methyl Ester market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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