The global nonyl acetate market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 – 2027).
Key Players
Some of the major players operating in the global nonyl acetate market include, Omega Ingredients Ltd., J & K Scientific Ltd., Energy Chemical, TCI Europe N.V., ABCR GmbH & CO. KG, Santa Cruz Biotechnology, Inc., and Sigma Aldrich.
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Market Overview
Nonyl acetate is the acetate ester of nonan-1-ol found in alcoholic beverages. It is found naturally in apples, bergamot oil, and citrus fruits. Nonyl acetate is less dense than water and insoluble in water but soluble in alcohol. The U.S. Food and Drug Administration (FDA) permits use of nonyl acetate as a food additive for direct addition to food for human consumption. Nonyl acetate is used as flavoring agent and adjuvant in the food and beverages industry and as emollient and perfuming agent in the cosmetics industry. Nonyl acetate also finds application as a cleaning agent.
Market Dynamics
Increasing demand for nonyl acetate from the food and beverages industry is expected to boost growth of the global nonyl acetate market. It is used as Food additive and flavoring agent and in manufacturing of food contact materials. Moreover, significant growth in the cosmetics and perfume industry is also expected to increase demand for nonyl acetate.
However, presence of alternatives is expected to hinder the market growth. Substitutes for nonyl acetate include, fatty alcohol ester, carboxylic acid ester, monocarboxylic acid or derivatives, carboxylic acid derivatives, organic oxygen compounds, organic oxides, hydrocarbon derivatives, organooxygens compounds, carbonyl group, and aliphatic acyclic compounds.
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Market Outlook
Increasing demand for eco-friendly surfactants is expected to boost the market share of North America in the global nonyl acetate market. The market in Europe is expected to witness significant growth, owing to regulations supporting use of environmental friendly products. Growing cosmetics and fashion industry is also expected to boost demand for nonyl acetate in Europe. Asia Pacific is expected to witness the fastest growth in the market, owing to significant growth of end-use industries such as personal and home care, cosmetics, and food and beverages industries in the region. The market in Latin America is expected to be driven by increasing use of food additives in the food and beverages industry. Middle East nonyl acetate market is driven by increasing demand for alcoholic and non-alcoholic beverages in the region.
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