Brand Story
06 Jun 2023, 23:13 GMT+10
The market for 9 Decanoic Acid Methyl Ester had global sales of US$ 207.5 Million in 2021. By 2032, the market is anticipated to grow at a 6.6% CAGR and reach a value of US$ 411.2 Million. With a CAGR of over 6.9% between 2022 and 2032, the Flavors & Fragrances application of 9 Decanoic Acid Methyl Ester Market is predicted to generate the highest revenue.
The 9 Decanoic Acid Methyl Ester Market is expected to grow significantly in the forecasted period due to its increasing use as a lubricant and emulsifier. It has superior oxidation resistance than conventional mineral oils, making it highly attractive for industrial applications such as hydraulic systems and machine tool components that operate at high temperatures. In addition, its low melting point makes it ideal for providing stability under extreme weather conditions. Furthermore, 9 decanoic acid methyl esters are compatible with most resins used in paint protection coatings, plastics and rubber industries. This will help boost their demand among various manufacturers worldwide in the coming years.
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9 Decanoic Acid Methyl Ester Market Segmentation
Competitive Analysis
Some of the recent developments in the 9 decanoic acid methyl ester market are :
Key Companies Covered
Some of the important questions covered in this study are as follows:
Readers of the report are expected to know of the following information:
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