Market Challenges And Opportunities

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.

Market Drivers and Opportunities: Increasing demand for eco-friendly surfactants is expected to boost market share. Significant growth in the cosmetics and perfume industry is expected to increase demand for nonyl acetate. The fastest growth in the market is expected due to significant growth of end-use industries.