Nonyl Acetate Market | Business Insights, Trends, Outlook and Key Players 2019 –
Posted by pradnyavirkar on January 26th, 2020
Nonyl Acetate Market: Introduction
Nonyl Acetate is the acetate ester form of nonan-1-ol which is primarily a constituent found in alcoholic beverages. Nonyl acetate is a metabolite, which is an intermediate end product of metabolism. Nonyl acetate is a low molecular weight carrying organic chemical which is formed as a result of enzyme mediated biochemical reactions. Nonyl acetate is a colorless liquid which bears a pungent odor like that of mushrooms. Nonyl acetate is less dense than water and hence does not dissolve in water. Rather, it floats on water. Other sources where nonyl acetate is found include citrus peel oils, kumquat peel oil, wine grapes, apples, melons, milk, beer, gruyere cheese, pepino fruits (a type of melon), and bergamot oil.
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The use of nonyl acetate as a food additive for direct addition to human food meant for consumption has been granted approval by the US Food and Drug Administration department. Nonyl acetate also finds application as a flavoring agent and adjuvant in the food and beverages industry. Nonyl acetate is also used as an emollient and perfuming agent in the cosmetics industry. Further, nonyl acetate also is used as a cleaning agent. Due to its eco-friendly nature, and the subsequent demand for eco-friendly surfactants, the nonyl acetate market is expected to showcase growth from the surfactant industry in the near future.
Market Dynamics – Nonyl Acetate Market:
The sound scope of application in processed food and beverage industry is expected to be the major growth driver of the nonyl acetate market. This has been supported by the fact that nonyl acetate has been recognized as a certified food additive and a flavoring agent by FDA authorities. The growing consumption of processed and packed food is expected to increase over the forecast period and this is thus further expected to increase the usage of nonyl acetate. In addition, a number of food and beverage companies are resorting to the use of artificial flavoring agents as gains natural flavors is also expected to boost the growth of the nonyl acetate market. Further, the increasing growth of the cosmetics and perfume industry are also expected to fuel the growth of the market for nonyl acetate during the forecast period.
However, some of the factors which are hindering the growth of the market include the presence of alternatives which can eliminate the use of nonyl acetate. Some of the alternatives which can serve as substitutes for nonyl acetate include, fatty alcohol ester, carboxylic acid ester, monocarboxylic acid or its derivatives, carboxylic acid derivatives, organic oxygen compounds, organic oxides, carbonyl groups, aliphatic acyclic compounds, organo-oxygen compounds, and hydrocarbon derivatives. The ease of synthesis of these substitutes as well as their cost effectiveness is posing a threat to the market growth of nonyl acetates.
Nonyl Acetate Market: Market Segmentation
The global Nonyl Acetate market can be segmented on the basis of odor type, and end user industry.
On the basis of odor type, the global Nonyl Acetate market is segmented into:
On the basis of end use industry, the market is segmented into,
Nonyl Acetate Market: Regional Outlook
On the regional front, the Asia Pacific is expected to dominate the nonyl acetate market during the forecast period. China and India are expected to lead the market for Nonyl Acetate. The can be attributed to the increasing population in the region. In addition, the manufacturing facilities being set up by many cosmetics and fragrances manufacturers in the region to cater to the growing population is likely to contribute significantly to the growth of the Nonyl Acetate market. North America is expected to be the second most dominant market for nonyl acetate due to the large number of pharmaceutical companies in the region. The Middle East market is also expected to showcase growth in the nonyl acetate market owing to the thriving fragrances industry in the region.
Nonyl Acetate: Key Market Participants
Some of the key market participants in the global Nonyl Acetate market are:
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