Heptanoic Acid Market Analysis By Industry Size, Share, Revenue Growth, Development and Demand Forecast

SDKI Inc. published a new report on the Heptanoic Acid Market-Growth, Trends, Impact of COVID-19, and Forecasts 2022-2030. This study includes the statistical and analytical approaches needed to grow the enanthic acid market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-114015

The global enanthic acid market is expected to register a CAGR of 3% or more during the forecast period.

Enanthic acid is an essential organic element for the synthesis of various compounds. Due to the high rust prevention profile of heptanic acid and its excellent performance in high and low temperature environments, it is widely used in lubricants in the form of esters in industries such as automobiles, aviation, refrigeration and air conditioning. It is also used for gas chromatographic analysis of volatile acids. It is also used in the preparation of pharmaceutical ingredients and the esterification of steroids. In addition, enanthic acid is also used in industrial lubricants in the form of esters.

Increasing demand for metalworking fluids could boost demand for enanthic acid in the coming years as it provides strong corrosion resistance. In addition, increasing demand from the pharmaceutical industry is a major driver of market growth. In addition, enanthic acid is expected to have stable demand as a fragrance in the cosmetics and personal care industry by 2030. However, environmental regulations regarding the use of lubricating oils can impede the consumption of enanthic acid during the forecast period.

Market Segments

The heptanic acid market is divided by grade (pharmaceutical grade and industrial grade), application (chemical synthesis, cosmetics, flavors and fragrances, lubricants, pharmaceutical ingredients, and other uses), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the application, the lubricant segment is expected to dominate the market during the forecast period. Enanthic acid is used in lubricants in the form of esters. These esters, such as neopolyol esters, are mainly used in automobile motor oils, metalworking liquids, plasticizers, etc. The properties of heptanic acid, such as high thermal stability, excellent oxidation resistance, low viscosity at low temperatures, and low volatility at high temperatures, make it ideal for lubricant applications. Countries such as China, the United States, Japan, Germany, India and Mexico are the major consumers of lubricants worldwide, so consumption of heptanic acid in these countries will increase during the forecast period.

Regional Overview

The enanthic acid market is further subdivided based on the region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, United Kingdom, and other Europe), Asia Pacific (China, Japan, India, Australia, and other Asia Pacific). ) And other regions.

The Asia-Pacific region has been witnessed to be a major region of enanthic acid consumption, followed by North America and Europe. Due to the growing population, countries such as China and India are major consumers of enanthic acid in cosmetics, perfumes and fragrance applications. China is one of the fastest growing countries in the Asia Pacific region. The government is focusing on replacing obsolete vehicles, and there is a growing demand for improved high performance lubricants. India, on the other hand, is the second largest lubricant country in the region and the third largest in the world. In addition, Japan is the fifth largest consumer of lubricants in the world. Therefore, due to these factors, the demand for enanthic acid is expected to increase in the region during the forecast period.

Major key players on the market

Key players in the enanthic acid market include Arkema, Merck KGaA, Jinan Chenghui Shuangda Chemical Co., Ltd., Oxea, Parchem fine & specialty chemicals. The study includes a detailed competitive analysis of these major companies in the enanthic acid market, corporate profiles, recent developments, and key market strategies.

Detailed contents of the survey report
https://www.sdki.jp/reports/heptanoic-acid-market/114015

Contact Us

Hina Miyazu
15/F Cerulean Tower, 26-1 Sakuragaoka-cho
Tokyo, Shibuya-ku, Japan
+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.