9-Decanoic Acid Methyl Ester Market Trends & Outlook ( 2023 – 2032 )
DAME, also known as 9-Decanoic Acid Methyl Ester, is an odourless liquid. It also goes by the name Methyl 9-decenoate, which is a methyl ester of fatty acids made from natural fatty acids. Due to its delightful fruity aroma, DAME is frequently used in the creation of flavours and fragrances. Additionally, it is employed in the production of lubricants, plasticizers, and other chemical goods.
The market for 9-decanoic acid methyl ester is anticipated to expand rapidly during the coming years. The market is being pushed by the food and beverage industry's rising demand for flavours and perfumes. The expansion of the cosmetic sector is another important element influencing DAME demand.
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Market segments include region, end-use industry, and application. The market is divided into flavours and perfumes, plasticizers, lubricants, and others based on application. The market is predicted to be dominated by the flavours and fragrances segment due to the rising demand for natural and organic flavours and fragrances. Due to the rising demand for these products across a range of end-use sectors, the plasticizers and lubricants segments are also anticipated to expand significantly.
The market is divided into food and beverage, cosmetics and personal care, chemical, and other categories based on the end-use industry. Due to the rising demand for natural and organic flavours and fragrances in the food and beverage industry, this sector is predicted to dominate the market.
Due to the rising demand for natural and organic cosmetics, the cosmetics and personal care business is also anticipated to expand significantly. Due to DAME's application in the production of plasticizers, lubricants, and other chemical goods, the chemical industry is another significant end-use industry for the commodity.
The market is divided geographically into the Middle East, Africa, Asia Pacific, North America, and South America. Due to the rising demand for flavours and fragrances in the food and beverage industry as well as the expansion of the cosmetic industry in the region, Asia Pacific is predicted to lead the market. Due to the rising demand for natural and organic products in North America and Europe, these regions are also anticipated to experience considerable growth.
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There are several significant competitors functioning in the sector, which is extremely competitive. Sigma-Aldrich, TCI Chemicals, Hangzhou J&H Chemical Co., Ltd., Energy Chemical, and Tokyo Chemical Industry Co., Ltd. are a few of the market's main participants. To meet the rising demand for DAME across a range of end-use industries, these businesses are concentrating on enhancing their distribution networks and diversifying their product lines.
There are numerous new product releases and collaborations happening in the market. For instance, in March 2021 Sigma-Aldrich introduced a new line of analytical standards, reference materials, and research-grade chemicals for 9-Decanoic Acid Methyl Ester. The company hopes that by releasing this product, it would be able to meet the market's rising demand for DAME.
Key companies in the business are frequently collaborating and forming partnerships. For example, Sigma-Aldrich and Covestro AG worked together in August 2020 to develop high-performance polymers based on sustainable raw ingredients. The company anticipates that this partnership will boost its position in the market and enable it to meet the rising demand for green and sustainable products.
In conclusion, it is anticipated that the market for 9-decanoic acid methyl ester would expand significantly during the next years.