Press release
Exploring the Future: Heptanoic Acid Market Trends and Opportunities in 2024
As per the report, 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 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%.
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Heptanoic Acid Market Surges As Demand For Cosmetic Products Soars
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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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.
Contents of the report:
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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Heptanoic acid Prices, Trend & Forecasts | Provided by Procurement Resource
Product Name - Heptanoic acid
Molecular Weight - 130.18 g/mol
Chemical Formula - C7H14O2
Synonyms - Enanthic acid, 111-14-8, n-Heptanoic acid, Oenanthic acid
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines,…
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