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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.
Scope of the Report:
During all applications, flavoring and perfuming agent is the largest consumption field which consumed 4319 MT in 2017.
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 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.
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.
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 GIR (Global Info Research) study.
This report focuses on the Hexanoic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- 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
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Hexanoic Acid product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Hexanoic Acid, with price, sales, revenue and global market share of Hexanoic Acid in 2017 and 2018.
Chapter 3, the Hexanoic Acid competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Hexanoic Acid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Hexanoic Acid market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Hexanoic Acid sales channel, distributors, customers, research findings and conclusion, appendix and data source.