9-Decanoic Acid Methyl Ester Market Foreseen To Increase Exponentially By 2030
9-Decanoic Acid Methyl Ester Industry The global 9-decanoic acid methyl ester market size is expected to reach USD 303.8 million by 2030, registering a CAGR of 6.0% from 2024 to 2030, as per the 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 & fragran...