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Hexanoic Acid Market Surpasses $51 Million with 2.7% CAGR by 2030 | Key Players: KLK OLEO, Pacific Oleochemicals, Oleon, Ecogreen Oleochemicals, Musim Mas Holdings, IOI Oleochemical, Hebei Kezheng

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Hexanoic Acid Market Surpasses $51 Million with 2.7% CAGR by 2030 | Key Players: KLK OLEO, Pacific Oleochemicals, Oleon, Ecogreen Oleochemicals, Musim Mas Holdings, IOI Oleochemical, Hebei Kezheng

March 12
21:26 2024
Hexanoic Acid Market Surpasses $51 Million with 2.7% CAGR by 2030 | Key Players: KLK OLEO, Pacific Oleochemicals, Oleon, Ecogreen Oleochemicals, Musim Mas Holdings, IOI Oleochemical, Hebei Kezheng
Hexanoic Acid Market: $51M, 2.7% CAGR by 2030
The Hexanoic Acid Market is anticipated to exceed $51 million by 2030, showcasing a 2.7% CAGR. This growth is propelled by its widespread applications in food additives, pharmaceuticals, and cosmetics industries, driven by increasing demand for organic and natural products.

Synopsis

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.

The global Hexanoic Acid Market was valued at US$ 42 million in 2023 and is anticipated to reach US$ 51 million by 2030, witnessing a CAGR of 2.7% during the forecast period 2024-2030.

Global Hexanoic Acid key players include KLK OLEO, Pacific Oleochemicals, IOI Oleochemical, Hebei Kezheng, Musim Mas Holdings, etc. Global top five manufacturers hold a share about 65%. Europe is the largest market, with a share about 30%, followed by Southeast Asia, with a share about 25 percent. In terms of product, 98% Type is the largest segment, with a share about 70%. And in terms of application, the largest application is Flavoring and Perfuming Agent, followed by Daily Chemicals, Metal Working Fluid, etc.

This report aims to provide a comprehensive presentation of the global market for Hexanoic Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hexanoic Acid.

Report Scope

The Hexanoic Acid market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Hexanoic Acid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Hexanoic Acid manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Request a Sample Copy or Connect for Further Details: https://www.themarketreports.com/report/ask-your-query/1364600

Market Segmentation

By Company

  • KLK OLEO
  • Pacific Oleochemicals
  • Oleon
  • Ecogreen Oleochemicals
  • Musim Mas Holdings
  • IOI Oleochemical
  • Hebei Kezheng
  • Zhengzhou YiBang

 

Segment by Type

  • 0.98
  • 0.99

 

Segment by Application

  • Flavoring and Perfuming Agent
  • Metal Working Fluid
  • Daily Chemicals
  • Others

 

Production by Region

  • Europe
  • China
  • Southeast Asia

 

Consumption by Region

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

 

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Hexanoic Acid manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Hexanoic Acid by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Hexanoic Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

Read More Related Research Reports:

2-Ethylhexanoic Acid Market: https://www.themarketreports.com/report/global-2-ethylhexanoic-acid-market-research-report

6-Aminohexanoic Acid Market: https://www.themarketreports.com/report/global-6-aminohexanoic-acid-market-research-report

3,5,5-Tnmethylhexanoic Acid Market: https://www.themarketreports.com/report/global-355-tnmethylhexanoic-acid-market-research-report

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