The global 9-decanoic acid methyl ester market is
expected to reach USD 240.0 million by 2025, according to a 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.
Browse full research report on Global
9-Decanoic Acid Methyl Ester Market: http://www.grandviewresearch.com/industry-analysis/9-decanoic-acid-methyl-ester-market
Further key findings from the report suggest:
- Pharmaceutical application segment is estimated to account for around 20% of the market demand in 2015. 9-DAME is used to manufacture hand cleaners, skin care lotions, shampoos, and other similar products.
- Asia Pacific is expected to be a key regional market over the forecast period owing to the high demand for flavors & fragrances. Asia Pacific has witnessed slightly lower prices on account of ample raw material availability.
- The introduction of biofuels directive and favorable regulations for bio-based products is expected to positively impact the 9-DAME market in Europe, making it the second largest regional market.
- Companies such as Elevance Renewable Sciences, P&G Chemicals, TCI (Shanghai) Development Co., Ltd have established themselves as manufacturers and suppliers in the industry.
- In September 2015, Thermo Fisher Scientific completed the acquisition of Alfa Aesar with an initiative to expand their laboratory offering portfolio. To maintain competency in the market, key market players in collaboration with value chain participants focus on developing new technology to manufacture green chemicals.
- Versalis and Elevance have entered into strategic partnership to develop a new metathesis technology to produce bio-chemicals from vegetable oils and will also design and construct a world-scale ethylene metathesis-based production plant that will utilize renewable oils in Italy
Access research insights by Grand View Research: http://www.grandviewresearch.com/research-insights/9-decanoic-acid-methyl-esters-perspective-into-green-solvents
Grand View Research has segmented the 9-decanoic acid methyl
ester market on the basis of application and region:
9-Decanoic Acid Methyl Ester Application Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
- Flavors & Fragrances
- Pharmaceuticals
- Others
9-Decanoic Acid Methyl Ester Regional Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Central and South America
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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