Market Size of 9-Decanoic Acid Methyl Ester Industry
| 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
*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.
