Global 9-decanoic Acid Methyl Ester Market 2017-2021
About 9-decanoic Acid Methyl Ester
The 9-decanoic acid methyl ester is a saturated fatty acid, which is also known by the chemical name methyl decanoate. It is majorly obtained from coconut oil and palm oil through transesterification process, where the triglyceride is converted to methyl ester and glycerol in the presence of methanol as the catalyst. The 9-decanoic acid methyl ester market is segmented based on applications as flavors and fragrance industry, pharmaceuticals industry, and others.
Technavio’s analysts forecast the global 9-decanoic acid methyl ester market to grow at a CAGR of 7.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 9-decanoic acid methyl ester market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 9-decanoic Acid Methyl Ester Market 2017-2021
Technavio recognizes the following companies as the key players in the global 9-decanoic acid methyl ester market: Elevance Renewable Sciences, J&K Scientific, Matreya, Merck, and P&G Chemicals.
Other Prominent Vendors in the market are: Adamas Reagent, Chemsky (Shanghai) International, MP Biomedicals, TCI Chemicals, and YANCHENG CITY CHUNZHU AROMA
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand from cosmetics and personal care industries. The 9-decanoic acid methyl ester is increasingly being used in the cosmetics and personal care industries. It is used as an ingredient in shampoos, lotions, body wash, soaps, and hand cleaners. One of the most important reasons for the use of 9-decanoic acid methyl ester is due to the extraction from ecological sources, which reduces side-effects and cost.”
According to the report, one driver in the market is increased demand for oleochemicals. Oleochemicals are directly obtained from plant and animal sources. Some of the important oleochemicals include fatty acids, fatty alcohols, fatty acid methyl esters, and glycerol. Decanoic acid can be easily extracted from renewable sources, such as seed oil, animal fats, palm oil, coconut oil, and kernel palm oil. About 10% of the decanoic acid is naturally available in coconut oil, and nearly 5% of it can be obtained from palm kernel oil.
Further, the report states that one challenge in the market is availability of substitutes for 9-decanoic acid methyl ester. 9-Decanoic acid methyl ester, which is a saturated fatty acid, is produced from palm oil and coconut oil through the transesterification process using methanol as a catalyst. The fatty ester is used in many applications such as in flavors and fragrances, cosmetics, personal care products, and biodiesels. Additionally, the fatty esters are used in detergents, soaps, surfactants, and as emulsifiers. The global 9-decanoic acid methyl ester market faces a threat from substitute products, such as rapeseed methyl esters and soya methyl esters.
Elevance Renewable Sciences, J&K Scientific, Matreya, Merck, P&G Chemicals, Adamas Reagent, Chemsky (Shanghai) International, MP Biomedicals, TCI Chemicals, and YANCHENG CITY CHUNZHU AROMA