The heptanoic acid global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Heptanoic Acid Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The heptanoic acid market size has grown steadily in recent years. It will grow from $2.95 billion in 2023 to $3.03 billion in 2024 at a compound annual growth rate (CAGR) of 2.7%. The growth in the historic period can be attributed to increase in pharmaceutical industry, increase in chemical industry, demand for textile industry, research and development.
The heptanoic acid market size is expected to see steady growth in the next few years. It will grow to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to rising demand from the cosmetic and personal care industry, expansion of the processing industry, increasing demand for lubricants, growing automotive industry. Major trends in the forecast period include technological advancements in production processes, continued relevance in agriculture, innovations in cosmetics and personal care, surfactants and detergents.
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Scope Of Heptanoic Acid Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Heptanoic Acid Market Overview
Market Drivers –
Growing demand for cosmetic products is expected to propel the growth of the heptanoic acid market going forward. Cosmetics refers to products or procedures used to enhance or improve the appearance of the face, skin, hair, nails, or other body parts. Heptanoic acid is a chemical compound that can be used in the production of cosmetics. It is a fatty acid derived from natural sources such as coconut oil and used as an emollient, skin conditioning agent and fragrance ingredient in cosmetic products. For instance, in February 2023, according to L’Oréal S.A., a France-based personal care company, sales of consumer products increased from 11.8% to 14.6% and active cosmetics from 28.0% to 30.6% from the 4th quarter of 2022 to December 31, 2022. With a growth of +21.9% like-for-like and +30.6% based on reported numbers, the dermatological beauty division closed the year with an exceptional gain. Therefore, the growing demand for cosmetic products is driving the growth of the heptanoic acid market.
The heptanoic acid market covered in this report is segmented –
1) By Grade: Pharmaceutical Grade; Industrial Grade; Food Grade
2) By Application: Cosmetic; Flavors and Fragrance; Chemical Synthesis; Lubricant; Pharmaceutical Ingredients; Anti-corrosion Applications; Other Applications
3) By End-Users: Automotive; Aerospace; Food And Beverage; Cosmetics And Personal Care; Pharmaceuticals; Chemicals; Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the heptanoic acid market in 2023. The regions covered in heptanoic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the heptanoic acid market are Thermo Fisher Scientific Inc., INEOS Group Limited, International Flavors & Fragrances Inc., Arkema S.A., Lanxess AG, EMD Millipore Corporation, VWR International LLC, OQ Chemicals GmbH, Sigma-Aldrich Corp, Alfa Aesar GmbH & Co. KG, MP Biomedicals LLC, Spectrum Chemical Mfg. Corp., Cayman Chemical Company, Tokyo Chemical Industries Co.Ltd., Santa Cruz Biotechnology Inc., Synerzine Inc., Chem-Impex International Inc., Central Drug House (P) Ltd., Larodan AB, VIVAN Life Sciences Pvt Ltd., Kalpasutra Chemical Pvt. Ltd., Seqens Group, Akshay Chemicals Private Limited, The Good Scents Company, Acme Synthetic Chemicals, Wujiang New Sunlion Chemical Co. Ltd., Intellichemie Industries LLP, Jinan Chenghui Shuangda Chemical Co. Ltd., Neuchatel Chemie Specialties.
Table of Contents
1. Executive Summary
2. Heptanoic Acid Market Report Structure
3. Heptanoic Acid Market Trends And Strategies
4. Heptanoic Acid Market – Macro Economic Scenario
5. Heptanoic Acid Market Size And Growth
…..
27. Heptanoic Acid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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