Methyl Undecylenate Market: Overview
In 2020, the overall sales of the methyl undecylenate witnessed a massive decline due to the Covid-19 crisis as lockdown was implemented and all the factorial units were closed which led the manufacturing companies to face immense losses. Now in 2021, the global manufacturers are giving entire focus on improving their sales and profitability through product innovations and upgrades.
Leading corporations including Acme Synthetic Chemicals, Parchem fine & specialty chemicals, Penta Manufacturing Company, Vigon International, Intellichemie Industries LLP, Total Petrochemicals & Refining USA Inc, Arkema Group, TCI Chemicals, Hokoku Corporation and others are making high investments in the establishment of research institutes in different regions to come up with improvements in their offerings. They are adopting business strategies such as sales contracts, strategic alliances, acquiring technical expertise, product approvals, patents and events, joint ventures, partnership agreements, collaborations, digital marketing, mergers and acquisitions, capacity utilisations, technological advancements etc to lead the global market for methyl undecylenate with largest market share.
For instance, Parchem fine & specialty chemicals, a leading supplier of botanical extracts and natural botanical extracts and natural botanical powders to various industries, expanded and is a proud distributor of aloe vera extract and aloe vera gel. In addition to this, Arkema Group invested in Adaptive3D, a startup that offers solutions enabling soft and elastomer end-products. The Arkema and Adaotive3D partnership has turned out to be really fruitful with the launch of N3xtDimension® range of advanced UV curable liquid resins. The partnership is aimed to help the companies to form new materials, scaled specialty resin manufacturing, functional end-use parts and delivering market leading materials solutions at scale. With this investment, New opportunities are likely to open up for Arkema across industries like footwear, medical, automotive and electronic appliances. Both consumers and producers will benefit from the sustainable and high-performance solutions developed by Arkema and Adaptive3D.
Methyl Undecylenate Market: Hospital Scent Machines Bring About a Tectonic Shift
The healthcare industry is poised to undergo some robust innovation with methyl undecylenate being used as an effective hospital grade air freshener in specially designed scent machines. Methyl undecylenate has very effective anti-odor properties that are perfect for emergency rooms, wash rooms and waiting rooms. The lavender fragrances emanating from these machines is said to significantly reduce anxiety in worried patients. This is likely to have a positive impact on hospitals and boost the growth of methyl undecylenate market.
Methyl undecylenate has many applications which are spurring its demand in the market. For instance, it is used as a chemical intermediate for organo-modified silicones in hair care and sun care products. Similarly, it is also used in the synthesis of aromatic organic compounds because of its anti0odour properties. Such versatile uses are spurring the demand for methyl undecylenate in the cosmetic industry.
Strict regulations surrounding its use and safety make it compliant as a raw material to be used in cosmetics. Its high antiseptic and anti-fungal properties make it an ideal chemical to be used in pharmaceutical formulations for dermatological applications. Thus its myriad applications will augment the demand for the methyl undecylenate in the market. Key manufacturers are looking at stellar research and development initiatives towards the development of new products and higher cost competitiveness.
Methyl Undecylenate Market: Introduction
Methyl undecylenate is also identified as undecylenic acid methyl ester, methyl 10-undecenoate, and methyl ester of undecylenic acid, and is classified under CAS number 111-81-9. Methyl undecylenate is used in metal working fluids and lubricants. Methyl undecylenate is produced by fractional distillation of the product obtained by the pyrolysis of methyl ricinoleate at a high temperature.
Methyl undecylenate is used as a chemical intermediate in the plastic and chemical industry, such as a perfume chemical and aromatic chemical. Methyl undecylenate is frequently used in perfume and flavor compositions. It is compliant with the raw materials standard that can be used in the formulation of cosmetics. It is used as a chemical intermediate for the synthesis of organo-modified silicones for sun care products and hair care preparations.
Furthermore, the anti-fungal properties of methyl undecylenate derivatives attribute to its application in personal care and pharmaceutical formulations. It is also used in formulations requiring anti-odor properties. The wide application of methyl undecylenate and positive growth perspective of end-user industries, such as the cosmetics and personal care industry, leading to an increasing consumer base, is estimated to cater to significant growth opportunities for methyl undecylenate manufacturers over the course of the forecast period.
Methyl Undecylenate Market: Market Dynamics
The growth of the pharmaceuticals and personal care industries is set to pave the way for the growth of the methyl undecylenate market in the near future. Increasing disposable income coupled with an increase in the affluent middle-class population is expected to augment the demand for methyl undecylenate in cosmetic and personal care applications.
The growing demand for perfume across the globe is set to propel the growth of the methyl undecylenate market. Increasing per capita consumer spending, rising living standards, and changing lifestyles are expected to contribute to the growth of the methyl undecylenate market. Further, macroeconomic factors such as rapid population growth coupled with a rise in the affluent middle-class across the globe, particularly in developing countries such as India, China, Indonesia, the Philippines, and others is expected to create lucrative growth opportunities for the long-term growth of the methyl undecylenate market.
The global undecylenic market is characterized by a strong trend of investment in R&D for the development new products and cost competitiveness. Moreover, several cosmetic and personal care product manufacturers are exploring natural alternatives for preservation, skin protection, hair styling, and body wash applications, which is expected to favor the increase in the demand for methyl undecylenate in the near future.
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Methyl Undecylenate Market: Regional Outlook
The global methyl undecylenate market, by region, is segmented into North America, Latin America, Western Europe, Eastern Europe, China, South East Asia & Pacific (SEAPAC), Japan, and MEA. Asia Pacific is expected to be the dominating region in the methyl undecylenate market.
China, India, Japan, and ASEAN countries are set to offer significant growth opportunities in the methyl undecylenate market over the near future, owing to a large consumer base, rapid population growth, and increasing number of affluent middle-class families in these regions. The methyl undecylenate markets in North America and Europe are expected to witness moderate growth in the near future, being mature markets.
On the other hand, developing market such as Latin America and Middle East & Africa are expected to create new horizons for the growth of the methyl undecylenate market. In the Middle East & Africa region, the United Arab Emirates (UAE) is expected to the most lucrative region for the methyl undecylenate market, owing to the growth of the perfume and cosmetic industry in the region.
Methyl Undecylenate Market: Key Participants
Examples of some of the market participants operating in the global methyl undecylenate market are:
- Acme Synthetic Chemicals
- Parchem fine & specialty chemicals
- Penta Manufacturing Company
- Vigon International
- Intellichemie Industries LLP
- Total Petrochemicals & Refining USA, Inc
- Arkema Group
- TCI Chemicals
- Hokoku Corporation
- JAYANT AGRO-ORGANICS LIMITED
- ITOH Oil Chemicals Co. Ltd.
The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography and application.
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The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Methyl Undecylenate Market: Segmentation
On the basis of application, the global methyl undecylenate market can be categorized as:
- Flavors & Fragrances
- Personal Care & Cosmetics
- Metal Working Fluids & Lubricants
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