Market Overview:
The global decanoic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for decanoic acid from various applications such as lubricants, plasticizers, daily chemicals, flavoring and perfuming agents, and other applications. In terms of volume, Asia Pacific is expected to lead the global decanoic acid market during the forecast period followed by Europe and North America.
Product Definition:
A colorless or slightly yellow liquid fatty acid with a unpleasant odor. It is used in the manufacture of esters, perfumes, and artificial flavors.
Content Below 99%:
The content below 99% is used in a variety of applications such as food additives, pharmaceuticals, cosmetics and others. The growth factor for this segment is expected to be driven by the increasing demand from end-use industries. In addition, growing awareness regarding natural ingredients coupled with rising health concerns among consumers will fuel the demand for decanoic acid in the coming years.
Decanoic acid has been gaining importance on account of its ability to enhance flavor.
Content (More than or euqal to 99%):
The content of more than or equal to 99% is used in the production of decanoic acid. Decanoic acid is a long-chain fatty acid that has applications in various industries such as food, pharmaceuticals, and cosmetics. The demand for decanoic acid is expected to witness significant growth over the forecast period owing to its increasing use in end-use industries such as food & beverages and pharmaceuticals.
Application Insights:
The other application segment includes personal care and cosmetics, wherein the product is used as a preservative, antioxidant and fragrance enhancer. In personal care products, it is utilized in the formulation of creams, gels and lotions for treating various skin conditions including acne. The demand for such products is expected to witness growth owing to rising health concerns among consumers regarding skin damage caused due to exposure to harmful UV radiations (radiation from the sun).
Decanoic acid has found applications as a plasticizer in PVC resins which are used in wires & cables of electrical grid insulation. It also finds application as an additive during manufacturing of daily chemicals on account of its characteristics such as low toxicity towards humans and animals along with being biodegradable. Other than that, it also finds applications in lubricants due to its properties such as corrosion resistance & high flash point making them suitable for use with petrochemical-based lubricants.
Regional Analysis:
Asia Pacific was the largest market for global decanoic acid in 2016 and accounted for over 45% of the overall volume. The region is expected to witness a significant growth owing to increasing product demand from various end-use industries, such as plasticizers, lubricants, flavoring agents and other. China is one of the major producers as well as consumers of decanoic acid in this region due to presence of large number chemical manufacturing companies located there.
North America emerged as second-largest regional market followed by Europe with respect to volume consumed in 2016. North America has been witnessing sluggish growth rate compared to Asia Pacific and European regions since 2014 on account of economic slowdown particularly affecting plastics industry which was one major consumer for DECANOIC ACID (decanoyl ester).
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and food additives
- Growing awareness about the benefits of Decanoic Acid among consumers
- Rising investment by manufacturers in research and development to develop new applications for Decanoic Acid
- Expansion of distribution channels by key players to increase their presence in the market
- Emergence of new players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Decanoic Acid Market Research Report
By Type
Content Below 99%, Content (More than or euqal to 99%)
By Application
Lubricants, Plasticizer, Daily Chemicals, Flavoring and Perfuming Agents, Other
By Companies
KLK OLEO, Musim Mas, IOI Oleochemical, Permata Hijau Group, Emery Oleochemicals, Pacific Oleochemicals, Wilmar, P&G Chemicals, VVF LLC, Ecogreen Oleochemicals, Bakrie Sumatera Plantations, Kao Chemicals, Temix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Decanoic Acid Market Report Segments:
The global Decanoic Acid market is segmented on the basis of:
Types
Content Below 99%, Content (More than or euqal to 99%)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Lubricants, Plasticizer, Daily Chemicals, Flavoring and Perfuming Agents, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KLK OLEO
- Musim Mas
- IOI Oleochemical
- Permata Hijau Group
- Emery Oleochemicals
- Pacific Oleochemicals
- Wilmar
- P&G Chemicals
- VVF LLC
- Ecogreen Oleochemicals
- Bakrie Sumatera Plantations
- Kao Chemicals
- Temix
Highlights of The Decanoic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Content Below 99%
- Content (More than or euqal to 99%)
- By Application:
- Lubricants
- Plasticizer
- Daily Chemicals
- Flavoring and Perfuming Agents
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Decanoic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Decanoic acid is a type of organic acid. It is found in many plants and animals, including fruits, vegetables, and meat. Decanoic acid can be converted into other types of acids by the body.
Some of the major companies in the decanoic acid market are KLK OLEO, Musim Mas, IOI Oleochemical, Permata Hijau Group, Emery Oleochemicals, Pacific Oleochemicals, Wilmar, P&G Chemicals, VVF LLC, Ecogreen Oleochemicals, Bakrie Sumatera Plantations, Kao Chemicals, Temix.
The decanoic acid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Decanoic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Decanoic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Decanoic Acid Market - Supply Chain
4.5. Global Decanoic Acid Market Forecast
4.5.1. Decanoic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Decanoic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Decanoic Acid Market Absolute $ Opportunity
5. Global Decanoic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Decanoic Acid Market Size and Volume Forecast by Type
5.3.1. Content Below 99%
5.3.2. Content (More than or euqal to 99%)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Decanoic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Decanoic Acid Market Size and Volume Forecast by Application
6.3.1. Lubricants
6.3.2. Plasticizer
6.3.3. Daily Chemicals
6.3.4. Flavoring and Perfuming Agents
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Decanoic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Decanoic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Decanoic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Decanoic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Decanoic Acid Demand Share Forecast, 2019-2026
9. North America Decanoic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Decanoic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Decanoic Acid Market Size and Volume Forecast by Application
9.4.1. Lubricants
9.4.2. Plasticizer
9.4.3. Daily Chemicals
9.4.4. Flavoring and Perfuming Agents
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Decanoic Acid Market Size and Volume Forecast by Type
9.7.1. Content Below 99%
9.7.2. Content (More than or euqal to 99%)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Decanoic Acid Demand Share Forecast, 2019-2026
10. Latin America Decanoic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Decanoic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Decanoic Acid Market Size and Volume Forecast by Application
10.4.1. Lubricants
10.4.2. Plasticizer
10.4.3. Daily Chemicals
10.4.4. Flavoring and Perfuming Agents
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Decanoic Acid Market Size and Volume Forecast by Type
10.7.1. Content Below 99%
10.7.2. Content (More than or euqal to 99%)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Decanoic Acid Demand Share Forecast, 2019-2026
11. Europe Decanoic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Decanoic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Decanoic Acid Market Size and Volume Forecast by Application
11.4.1. Lubricants
11.4.2. Plasticizer
11.4.3. Daily Chemicals
11.4.4. Flavoring and Perfuming Agents
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Decanoic Acid Market Size and Volume Forecast by Type
11.7.1. Content Below 99%
11.7.2. Content (More than or euqal to 99%)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Tpe
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Decanoic Acid Demand Share, 2019-2026
12. Asia Pacific Decanoic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Decanoic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Decanoic Acid Market Size and Volume Forecast by Application
12.4.1. Lubricants
12.4.2. Plasticizer
12.4.3. Daily Chemicals
12.4.4. Flavoring and Perfuming Agents
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Decanoic Acid Market Size and Volume Forecast by Type
12.7.1. Content Below 99%
12.7.2. Content (More than or euqal to 99%)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Decanoic Acid Demand Share, 2019-2026
13. Middle East & Africa Decanoic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Decanoic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Decanoic Acid Market Size and Volume Forecast by Application
13.4.1. Lubricants
13.4.2. Plasticizer
13.4.3. Daily Chemicals
13.4.4. Flavoring and Perfuming Agents
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Decanoic Acid Market Size and Volume Forecast by Type
13.7.1. Content Below 99%
13.7.2. Content (More than or euqal to 99%)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Decanoic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Decanoic Acid Market: Market Share Analysis
14.2. Decanoic Acid Distributors and Customers
14.3. Decanoic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KLK OLEO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Musim Mas
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IOI Oleochemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Permata Hijau Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Emery Oleochemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pacific Oleochemicals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wilmar
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. P&G Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. VVF LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ecogreen Oleochemicals
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bakrie Sumatera Plantations
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kao Chemicals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Temix
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
