Major consumption regions of hexanoic acid are China, North America, Europe and Southeast Asia. Europe is the largest consumption region which consumed 3229 MT in 2017. Southeast Asia and China separately is the second and third largest consumption region.
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The worldwide market for Hexanoic Acid is expected to grow at a CAGR of roughly 2.9% over the next five years, will reach 45 million US$ in 2024, from 38 million US$ in 2019, according to a new study. During past five years, global consumption increased from 8633 MT in 2013 to 10036 MT in 2017, with CAGR of 3.84%. Due to raw material price increase, global average Hexanoic Acid price also increase from 2017.
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Hexanoic acid (caproic acid) is a short chain fatty acid, which is found in various plant oils including palm oil and coconut oil, and animal fats such as cow and goat milk. The primary use of hexanoic acid is in the manufacture of its esters for artificial flavors, and in the manufacture of hexyl derivatives, such as hexylphenols.
Major raw material of hexanoic acid is palm oil. So, major production bases are in Malaysia and Indonesia. Global major suppliers include KLK OLEO, Pacific Oleochemicals, Oleon, Ecogreen Oleochemicals, Musim Mas Holdings, Hebei Kezheng, Zhengzhou YiBang and IOI Oleochemical. KLK OLEO is market leader in this industry with sales of 1672 MT in 2017.
Global Hexanoic Acid Market Segment by Manufacturers, this report covers:
• Zhejiang Weixing New Building Materials
• Georg Fischer(GF Piping Systems)
• Kalde
• Ginde
• AQUA-SCIE
• …
Global Hexanoic Acid Market is spread across 122 pages, profiling 08 companies and supported with tables and figures. Inquire more or share questions if any before the purchase on this report @ https://www.orianresearch.com/enquiry-before-buying/781764 .
During past five years, global consumption increased from 8633 MT in 2013 to 10036 MT in 2017, with CAGR of 3.84%. Due to raw material price increase, global average Hexanoic Acid price also increase from 2017.
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
Market Segment by Type, covers
• Composite Hexanoic Acid
• Hot and Cold Water Hexanoic Acid
• Other
Market Segment By Applications:
• Commercial Building
• Residential Building
• Other
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Major Points from Table of Contents:
Chapter 1, to describe Hexanoic Acid Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Hexanoic Acid, with sales, revenue, and price of Hexanoic Acid, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Hexanoic Acid, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Hexanoic Acid market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Hexanoic Acid sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Source: MarketersMedia
Release ID: 478916
