9-Decanoic Acid Methyl Ester Market Size (2024 - 2029)

The market size for 9-decanoic acid methyl ester is anticipated to experience growth driven by significant demand in the personal care sector and increased use in flavors and fragrances. However, the market's expansion is challenged by the complex extraction processes and the lingering effects of the COVID-19 pandemic. The personal care segment is projected to lead in application, with the Asia-Pacific region emerging as the largest and fastest-growing area due to rising consumption in several key countries.

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Market Size of 9-Decanoic Acid Methyl Ester Industry

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9-Decanoic Acid Methyl Ester Market-Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

9-Decanoic Acid Methyl Ester Market Major Players

*Disclaimer: Major Players sorted in no particular order

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9-Decanoic Acid Methyl Ester Market Analysis

The market for 9-decanoic acid methyl ester is expected to grow at a CAGR of around 6% globally. Major factor driving the market studied is the significant demand from personal care segment, along with increased demand for flavors and fragrances. On the flip side, complex processes in extraction of methyl decanoate and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

  • The personal care segment is expected to dominate the application segment of the global 9-decanoic acid methyl ester market as it is extensively used in products such as shampoos, lotions, and soaps, among others.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, South Korea, India, and Japan.

9-Decanoic Acid Methyl Ester Industry Segmentation

The 9-Decanoic Acid Methyl Ester Market report includes:

Product Type
Natural 9-Decanoic Acid Methyl Ester
Synthetic 9-Decanoic Acid Methyl Ester
Application
Personal Care
Pharmaceuticals
Flavors and Fragnances
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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9-Decanoic Acid Methyl Ester Market Size Summary

The global market for 9-decanoic acid methyl ester is poised for significant growth, driven primarily by its extensive application in the personal care sector, where it is a key ingredient in products like shampoos, lotions, and soaps. The compound's eco-friendly and biodegradable properties enhance its appeal, particularly in home and personal care applications. Despite challenges such as complex extraction processes and the lingering effects of the COVID-19 pandemic, the market is buoyed by favorable regulations promoting bio-based products and the increasing demand for flavors and fragrances. The Asia-Pacific region stands out as the largest and fastest-growing market, fueled by high consumption in countries like China, South Korea, India, and Japan, where urbanization and rising disposable incomes are boosting demand for personal care products.

The market landscape is characterized by a partial consolidation, with major players such as Polyplastics Co., Ltd., Celanese Corporation, and Sumitomo Chemical Company holding significant market shares. The availability of raw materials like palm oil and coconut oil, particularly in Southeast Asia, contributes to the region's competitive pricing and supports market expansion. The Philippines, Indonesia, and Malaysia play crucial roles in the supply chain, with their abundant production of coconut and palm oils, respectively. As the demand for personal care products continues to rise, driven by factors like population growth and changing living standards, the market for 9-decanoic acid methyl ester is expected to experience steady growth in the coming years.

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9-Decanoic Acid Methyl Ester Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Significant Demand from Personal Care Segment

      2. 1.1.2 Increased Demand for Flavors and Fragnances

    2. 1.2 Restraints

      1. 1.2.1 Complex Process in Extraction of Methyl Decanoate

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Natural 9-Decanoic Acid Methyl Ester

      2. 2.1.2 Synthetic 9-Decanoic Acid Methyl Ester

    2. 2.2 Application

      1. 2.2.1 Personal Care

      2. 2.2.2 Pharmaceuticals

      3. 2.2.3 Flavors and Fragnances

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

9-Decanoic Acid Methyl Ester Market Size FAQs

The 9-Decanoic Acid Methyl Ester Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

Matreya, LLC, Cayman Chemical, P&G Chemicals, Tokyo Chemical Industry Co., Ltd. and LGC Limited are the major companies operating in the 9-Decanoic Acid Methyl Ester Market.

9-Decanoic Acid Methyl Ester Report Snapshots

9-Decanoic Acid Methyl Ester Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)