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. Full Research Report On Global 9-Decanoic Acid Methyl Ester Market By Grand View Research: www.grandviewresearch.com/industry-analysis/9-decanoic-acid-methyl-ester-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/renewable-chemicals 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)
www.grandviewresearch.com/press-release/global-9-decanoic-acid-methyl-ester-market 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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