9 Decanoic Acid Methyl Ester Market

9 Decanoic Acid Methyl Ester Market Outlook (2024 to 2034)

The global 9 decanoic acid methyl ester will be valued at US$ 246.0 million in 2024 and has been forecast to expand at a noteworthy CAGR of 6.7% to end up at US$ 470.6 million by 2034.

The 9-Decanoic Acid Methyl Ester market is driven by the component for use in flavors, fragrances, cosmetics, and the prospects of making biofuel from these. The major drivers of the demand in this market include the rapid growth of the flavor and fragrance industries, growing interest in renewable and sustainable biofuels, and an increasing number of consumers seeking more natural ingredients in personal care products.

Regional markets are diverse, with strong demand from North America, Europe, and Asia-Pacific. The key participants would be specialty chemical manufacturers to the flavors and fragrances industries.

Flavors & fragrances applications segment was worth US$ 103.1 million in 2024 and accounted for a 41.9% share of the market.

Report Attributes	Details
9 Decanoic Acid Methyl Ester Market Size (2023A)	US$ 230.5 Million
Estimated Market Value (2024E)	US$ 246.0 Million
Forecasted Market Value (2034F)	US$ 470.6 Million
Global Market Growth Rate (2024-2034)	6.7% CAGR
East Asia Market Share (2024)	28.3%
China Market Growth Rate (2024-2034)	7.3% CAGR
Key Companies Profiled	Sigma-Aldrich; TCI America; Thermo Fisher Scientific; Santa Cruz Biotechnology; Cayman Chemical; VWR International, LLC.; LGC Limited; Pfaltz & Bauer; Angene Chemical; LARODAN AB; Merck KGaA; Other Prominent Players.

Sales Analysis of 9 Decanoic Acid Methyl Ester (2019 to 2023) vs. Market Forecasts (2024 to 2034)

The value of the 9 decanoic acid methyl ester market was US$ 177.9 million in 2019 and it increased to US$ 230.5 million by 2023, expanding at a CAGR of 6.7%.

• Short Term (2024 to 2028): Fuel industries will observe up and down as the biofuels will get hit by upcoming electrification of vehicles. With this time fragrance and pharma medical demand will rise and cosmetics and beauty will be one of the upcoming applications in this term. In terms of value, US$ 72.9 Mn incremental opportunity created in between 2024 and 2028.
• Medium Term (2028 to 2030): Cosmetic demand will rise more than pervious term. Flavor-fragrance and pharma will look for temporary alternatives for 9-Decanoic Acid Methyl Ester as the supply market will observe a shortage by the rising demand and price. US$ 44.2 Mn incremental opportunity will be created in two years between 2028 and 2030.
• Long Term (2030 to 2034): The pharmaceutical sector is witnessing a trend towards the use of eco-friendly and natural ingredients, which aligns with the production of 9-DAME from renewable sources like coconut and palm oil. This shift not only supports sustainability but also caters to the increasing consumer preference for natural products in healthcare, which can be seen statistically crossing 32.2% market value share, which will be valued US$ 151.5 Mn for year 2034.

On the back of the aforementioned facts, the 9 decanoic acid methyl ester market is anticipated to grow at a CAGR of 6.7% during the forecast period from 2024-2034, according to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics

What are the Factors Propelling Global Sales of 9 Decanoic Acid Methyl Ester?

“Application Diversity Acts as a Major Driver”

One of the main factor that contribute to the strategic importance of decanoic acid methyl ester in the chemical industry is the variety of applications it finds. The compound is used in a wide range of industrial sectors, from chemical synthesis to flavors and cosmetics, and it is essential to the creation of a wide range of end products.

In the food sector, decanoic acid methyl ester is frequently used as a flavouring agent, especially when making fruit-flavored candies, drinks, and baked goods. Furthermore methyl esther holds significant value in the fragrance sector as well. It is utilized to infuse a fruity and flowery perfume into a variety of cosmetic and personal care goods, augmenting the sensory appeal and contributing to the overall fragrance composition of these products.

Decanoic acid methyl ester is used as a solvent in coating, paint, and varnish formulation because of its superior solvency qualities. Furthermore, the ester can be used as a lubricant or lubricant additive in a variety of industrial applications due to its lubricating qualities. It can lower wear and friction between moving parts in machinery and equipment.

These multiple applications make decanoic acid methyl ester a very crucial chemical for various industries as they are dependent on its versatile qualities to function.

What are the Challenges Encountered by Manufacturers of 9 Decanoic Acid Methyl Ester?

“High Extraction Cost of Esters from Natural Oils”

The intricate and expensive technique of extracting decanoic acid methyl ester from naturally existing oils limits the market's potential expansion. Its broad use is restricted by the high expenses of the compound's extraction and purification from natural sources, especially in applications where cost is a factor.

The total yield of decanoic acid methyl ester from natural oils is comparatively low compared to the raw material because of the low availability of decanoic acid in natural oils and the losses that happen throughout the extraction and purification processes. The final product's cost per unit rises as a result of this low yield.

Country-wise Insights

Why is the Adoption of 9 Decanoic Acid Methyl Ester (DAME) High in the United States?

“Rising green and renewable chemical demand in United States, is causing rise in DAME.”

The market in the United States is estimated at US$ 68.5 million in 2024 and is projected to expand at a CAGR of 7.1% through 2034. This market is projected to generate a US$ 67.9 million absolute opportunity from 2024 to 2034.

It is anticipated that the growing popularity of convenience foods in the United States will increase the usage of flavors and scents, which are essential ingredients for improving taste and shelf life. The busy lifestyles and convenience in the United States is driving demand for processed flavor foods and beverages, which will in turn increase demand for food flavors and scents. This results in an increase in the market's demand for decanoic acid methyl ester.

The fragrance industry in the United States has been successful due to the presence of prominent fragrance companies and a sizeable consumer base. This translates to a higher demand for decanoic acid methyl esters and other chemicals.

Why is India a Lucrative Market for 9 Decanoic Acid Methyl Esters Manufacturers?

“Availability of Raw Material in Abundance”

India ranks among the world's top producers of coconut oil. It is an ideal location to grow coconuts because of its tropical environment and good soil. Manufacturers of 9-decanoic acid methyl ester have access to a dependable and affordable supply of raw materials, thanks to India's abundant supply of coconut oil. Raw materials are easily accessible, shipping costs are lowered and a consistent supply is guaranteed, which attracts manufacturers to produce in India.

Category-wise Insights

Which Application of 9 Decanoic Acid Methyl Ester is the Most Common?

“High Demand of 9 Decanoic Acid Methyl Ester in Flavors & Fragrances”

Application of 9 decanoic acid methyl esters in flavors and fragrances is projected to increase at a CAGR of 6.9% from 2024 to 2034. It is used as a fragrance ingredient in a variety of perfumes, colognes, and other cosmetic goods to add fruity and waxy overtones. It adds to the overall complexity and depth of smells, particularly those that are floral, fruity, and woodsy. To add a pleasing fruity scent, decanoic acid methyl ester is also frequently utilized in home goods including candles, air fresheners, and detergents.

In the flavor industry, decanoic acid methyl ester adds to the distinct flavor and scent of several foods, resembling citrus fruits like grapefruits and oranges. It enhances the overall flavor profile of fruit-flavored products, including beverages, confectionery, and baked goods, by adding a fruity, zesty, and somewhat sweet note.

Competitive Landscape

Market players in the 9 decanoic acid methyl ester market are Sigma-Aldrich, TCI America, Thermo Fisher Scientific, Santa Cruz Biotechnology, Cayman Chemical, VWR International LLC., LGC Limited and others.

Companies devote a significant portion of their revenue to R&D to resolve problems and offer creative solutions to draw in new customers and stay competitive. Companies are developing customized offerings for issues that meet industry-specific needs to compete with other players.

• Recently in April 2024, scientific research named “GC/MS evaluation of the composition of the Aloe vera gel and extract” showed GC–MS results of the two different forms of AV, the main volatile compounds of the gel form were levoglucosan, tridecanoic acid, decanoic acid methyl ester, octadecanoic acid methyl ester, octadecanoic acid, nonadeca-1.18-diyn-4.16-diol, and squalene, where the extract form (Aloe vera extract) contained volatile compounds with antifungal activity such as tridecanoic acid, octadecanoic acid methyl ester, octadecanoic acid, nonanoic acid and eicosyl acetate. Which concluded the healthy benefits of using decanoic acid methyl ester as food additives.
• The paper "Synthesis of Methyl Ester from Microalgae Chlorella sp. TAD Using the In-Situ Transesterification Method" explores a novel approach to producing methyl esters from microalgae biomass. Published in 2024, the study focuses on Chlorella sp. TAD, a type of microalgae rich in lipids suitable for biodiesel production. The researchers employed an in-situ transesterification method, combining oil extraction and biodiesel conversion in a single step, which simplifies the process and enhances efficiency. By optimizing reaction conditions such as temperature, catalyst concentration, and reaction time, they achieved high yields of decanoic acid methyl ester (DAME), a promising biodiesel feedstock. This method not only reduces processing steps and energy consumption but also utilizes microalgae, a sustainable and renewable resource, contributing to the development of eco-friendly biofuels. The findings highlight the potential of Chlorella sp. TAD as a viable source for biodiesel production through innovative and efficient chemical conversion techniques.

Fact.MR has provided detailed information about the price points of key manufacturers of 9 decanoic acid methyl esters positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of 9 Decanoic Acid Methyl Ester Industry Research

• By Application :

  • Flavors & Fragrances
  • Pharmaceuticals
  • Other Applications

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa