Market Overview:
The global decylic 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 decylic acid from various applications such as daily chemicals, plasticizers, lubricants, flavoring and perfuming agents, and others. In addition, the growing demand for decylic acid from emerging economies is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Decylic acid is a carboxylic acid with the molecular formula C10H20O2. It is a colorless liquid that is soluble in organic solvents. Decylic acid can be used to produce other chemicals, including esters and ketones. It has various industrial applications, including as an intermediate in the production of plastics and pesticides.
≥99%:
Decylic acid is a non-toxic, colorless and water-soluble organic compound. It has a strong odor similar to that of vinegar. Decylic acid is used in the production of polyurethane foams which are widely utilized as cushioning material for furniture and bedding products such as mattresses, pillows, etc.
≥98%:
Decylic acid, also known as lactic acid or butyric acid is a non-toxic, colorless and highly pungent organic compound. It is produced by microorganisms including bacteria and fungi under anaerobic conditions. The fermentation of sugars to produce ethanol provides the necessary substrate for bacterial growth leading to production of decyl alcohol (C10H18) which can be further converted into decylic acid by organisms.
Application Insights:
The global decylic acid market is segmented on the basis of application as a daily chemical, plasticizer, lubricant, flavoring and perfuming agents and others. The Others application segment held the largest share in 2017 owing to its wide usage as an antioxidant agent. It is also used for manufacturing herbicides and pesticides.
Decylic acid has emerged as a potential replacement for phthalate-based plastics due to its non-toxic nature.
Regional Analysis:
Asia Pacific was the largest consumer of decylic acid in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population and is also one of the most populated regions on earth. This has led to an increase in product demand from various application segments, especially plasticizers, lubricants, flavoring agents and others.
The Asia Pacific market was followed by Europe which accounted for 24% of total market volume in 2016 owing to high consumption levels coupled with growing end-use industries such as cosmetics, personal care products & fragrances among others. Latin America is anticipated to be one of the fastest-growing regional markets at a CAGR 5% from 2017 to 2030 owing mainlyto increasing demand from Brazil where it serves as both plasticizer and lubricant additive due to its excellent properties compared to other conventional additives used for these applications including mineral oils etc.).
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, lubricants, and plastics
- Rising production of decylic acid in China and other Asian countries
- Growing use of decylic acid in personal care products
- Increasing investment by manufacturers in R&D to develop new applications for decylic acid
- Expansion of global trade leading to higher consumption of decylic acid
Scope Of The Report
Report Attributes
Report Details
Report Title
Decylic Acid Market Research Report
By Type
≥99%, ≥98%
By Application
Daily Chemicals, Plasticizer, Lubricants, Flavoring and Perfuming Agents, Others
By Companies
Musim Mas Group, IOI Oleochemical, Permata Hijau Group, Pacific Oleochemicals, Wilmar International, P&G Chemicals, VVF LLC, Ecogreen Oleochemicals, Kao Chemicals, KLK OLEO
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Decylic Acid Market Report Segments:
The global Decylic Acid market is segmented on the basis of:
Types
≥99%, ≥98%
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
Daily Chemicals, Plasticizer, Lubricants, Flavoring and Perfuming Agents, Others
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:
- Musim Mas Group
- IOI Oleochemical
- Permata Hijau Group
- Pacific Oleochemicals
- Wilmar International
- P&G Chemicals
- VVF LLC
- Ecogreen Oleochemicals
- Kao Chemicals
- KLK OLEO
Highlights of The Decylic 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:
- ≥99%
- ≥98%
- By Application:
- Daily Chemicals
- Plasticizer
- Lubricants
- Flavoring and Perfuming Agents
- Others
- 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 Decylic 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?
Decylic acid is a type of organic compound that is found in many fruits and vegetables. It is also produced by the body during normal metabolism. Decylic acid helps to form bone, cartilage, and other connective tissue.
Some of the major companies in the decylic acid market are Musim Mas Group, IOI Oleochemical, Permata Hijau Group, Pacific Oleochemicals, Wilmar International, P&G Chemicals, VVF LLC, Ecogreen Oleochemicals, Kao Chemicals, KLK OLEO.
The decylic acid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Decylic Acid Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Decylic Acid Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Decylic Acid Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Decylic Acid Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Decylic Acid Market Size & Forecast, 2018-2028 4.5.1 Decylic Acid Market Size and Y-o-Y Growth 4.5.2 Decylic Acid Market Absolute $ Opportunity
Chapter 5 Global Decylic Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Decylic Acid Market Size Forecast by Type
5.2.1 ≥99%
5.2.2 ≥98%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Decylic Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Decylic Acid Market Size Forecast by Applications
6.2.1 Daily Chemicals
6.2.2 Plasticizer
6.2.3 Lubricants
6.2.4 Flavoring and Perfuming Agents
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Decylic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Decylic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Decylic Acid Analysis and Forecast
9.1 Introduction
9.2 North America Decylic Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Decylic Acid Market Size Forecast by Type
9.6.1 ≥99%
9.6.2 ≥98%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Decylic Acid Market Size Forecast by Applications
9.10.1 Daily Chemicals
9.10.2 Plasticizer
9.10.3 Lubricants
9.10.4 Flavoring and Perfuming Agents
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Decylic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Decylic Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Decylic Acid Market Size Forecast by Type
10.6.1 ≥99%
10.6.2 ≥98%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Decylic Acid Market Size Forecast by Applications
10.10.1 Daily Chemicals
10.10.2 Plasticizer
10.10.3 Lubricants
10.10.4 Flavoring and Perfuming Agents
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Decylic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Decylic Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Decylic Acid Market Size Forecast by Type
11.6.1 ≥99%
11.6.2 ≥98%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Decylic Acid Market Size Forecast by Applications
11.10.1 Daily Chemicals
11.10.2 Plasticizer
11.10.3 Lubricants
11.10.4 Flavoring and Perfuming Agents
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Decylic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Decylic Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Decylic Acid Market Size Forecast by Type
12.6.1 ≥99%
12.6.2 ≥98%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Decylic Acid Market Size Forecast by Applications
12.10.1 Daily Chemicals
12.10.2 Plasticizer
12.10.3 Lubricants
12.10.4 Flavoring and Perfuming Agents
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Decylic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Decylic Acid Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Decylic Acid Market Size Forecast by Type
13.6.1 ≥99%
13.6.2 ≥98%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Decylic Acid Market Size Forecast by Applications
13.10.1 Daily Chemicals
13.10.2 Plasticizer
13.10.3 Lubricants
13.10.4 Flavoring and Perfuming Agents
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Decylic Acid Market: Competitive Dashboard
14.2 Global Decylic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Musim Mas Group
14.3.2 IOI Oleochemical
14.3.3 Permata Hijau Group
14.3.4 Pacific Oleochemicals
14.3.5 Wilmar International
14.3.6 P&G Chemicals
14.3.7 VVF LLC
14.3.8 Ecogreen Oleochemicals
14.3.9 Kao Chemicals
14.3.10 KLK OLEO