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Global Hexanoic Acid Market is Projected to Reach 45.4 million USD by 2024

Author: QYResearch | Publish date: 2018-06-03 | Views: 95
The Hexanoic Acid industry was 37.8 million USD in 2017 and is projected to reach 45.4 million USD by 2024, at a CAGR (Compounded Annual Growth Rate) of 2.65%between 2017 and 2024. The market is driven by various end-user industries, such as Flavoring and Perfuming Agent, Metal Working Fluid and Daily Chemicals.

The industry is concentration. The key manufacturers include KLK OLEO, Pacific Oleochemicals, Oleon, Ecogreen Oleochemicals, Musim Mas Holdings, IOI Oleochemical and so on. Among them, KLK OLEO and Pacific Oleochemicals are the leaders.

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.

In 2017, flavoring and perfuming agent was largest application field, the sales Market Share (%) in Flavoring and Perfuming Agent be 41.95% in 2024. 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.

The Global Hexanoic Acid Market Research Report 2018 report released by QYResearch provides a basic overview of the Hexanoic Acid industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Hexanoic Acid industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report TOC, figure and tables



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