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 2023, from 38 million US$ in 2017, according to a new research report.
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The Hexanoic Acid Industry report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Hexanoic Acid industry analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
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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.
During all applications, flavoring and perfuming agent is the largest consumption field which consumed 4319 MT in 2017.
The 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.
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.
During the past five years, global consumption increased from 8633 MT in 2013 to 10036 MT in 2017, with CAGR of 3.84%. Due to the raw material price increase, the global average Hexanoic Acid price also increases from 2017.
In the future, driven by increasing downstream demand, global consumption will continue to increase at a CAGR of 3.23% during 2019-2024. By 2024, global sales will be 12456 MT.
Complete report on Hexanoic Acid Industry spread across 131 pages, profiling 08 companies and supported with tables and figures. Inquire for more at – https://www.orianresearch.com/enquiry-before-buying/596060 .
The Manufacturers Analyzed in Global Hexanoic Acid Market are –
• KLK OLEO
• Pacific Oleochemicals
• Oleon
• Ecogreen Oleochemicals
• Musim Mas Holdings
• IOI Oleochemical
• Hebei Kezheng
• Zhengzhou YiBang
• …….
Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
• 0.98
• 0.99
Market Segment by Applications, can be divided into
• Flavoring and Perfuming Agent
• Metal Working Fluid
• Daily Chemicals
• Others
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There are 15 Chapters to deeply display the Global Hexanoic Acid Market –
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 2018;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2018;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Hexanoic Acid, for each region, from 2012 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 2012 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
Major Points Covered in Table of Contents:
1 Market Overview
2 Manufacturers Profiles
3 Global Hexanoic Acid Market Competition, by Manufacturer
4 Global Hexanoic Acid Market Analysis by Regions
5 North America Hexanoic Acid by Countries, Type, Application and Manufacturers
6 Europe Hexanoic Acid by Countries, Type, Application and Manufacturers
7 Asia-Pacific Hexanoic Acid by Countries, Type, Application and Manufacturers
8 South America Hexanoic Acid by Countries, Type, Application and Manufacturers
9 Middle East and Africa Hexanoic Acid by Countries, Type, Application and Manufacturers
10 Global Hexanoic Acid Market Segment by Type
11 Global Hexanoic Acid Market Segment by Application
12 Hexanoic Acid Market Forecast (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
Author List
Disclosure Section
Research Methodology
Data Source
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Source: MarketersMedia
Release ID: 390982
