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Heptanoic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 120 Pages
  • January 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5318642

The global heptanoic acid market is expected to register a CAGR of over 3% during the forecast period. The major factor driving the market studied is the increasing demand from the pharmaceutical industry.

Key Highlights

  • Heptanoic acid is also used in industrial lubricants in the form of esters. Environmental regulations on the use of lubricants is likely to hinder the consumption of heptanoic acid during the forecast period.
  • Asia-Pacific is likely to dominate the global market with the majority of the demand coming from China and India.

Key Market Trends

Lubricant Segment to Dominate the Market

  • Heptanoic acid is used in lubricants in the form of esters. These esters such as neopolyol esters are primarly used in the car motor oils, metalworking fluids, plasticizers and more.
  • The properties of heptanoic acid such as high thermal stability, good resistance to oxidation, low viscosity at low temperature and low volatility at high temperature makes it a first choice for its lubriacnt application.
  • Countries such as China, United States, Japan, Germany, India, Mexico etc., are the major consumers of the lubricants globally, which thereby increases the consumption of the market studied in these countries during the forecast period.
  • Other end-user industries, such as construction and manufacturing are growing, with increasing investments in ASEAN countries, which is further contributing to the growth of the lubricants consumption as a whole and thereby leaving the scope for the heptanoic acid consumption.

Asia-Pacific to Dominate the Market

  • Asia-Pacific was found to be the major market for the consumption of heptanoic acid followed by North America and Europe.
  • Owing to their increasing population the countries like China, India stand as the major markets for the consumption of heptanoic acid in cosmetics, perfumes and fragrances applications.
  • China is one of the fastest emerging economies in Asia-Pacific. The government is focusing on replacing obsolete vehicles, in turn, increasing the demand for improved and high performance lubricants. Whereas, India is the second-largest lubricant market in the region and the third-largest in the world.
  • Indonesia is one of the major consumers of lubricants in the ASEAN region. Japan is the fifth-largest consumer of lubricants in the world.
  • Thus from the factors mentioned above the demand for the heptanoic acid is expected to increase during the forecast period.

Competitive Landscape

The Heptanoic Acid market is fragmented in nature. Some of the key players in the market include Arkema, Merck KGaA, Jinan Chenghui Shuangda Chemical Co., Ltd., Oxea, and Parchem fine & specialty chemicals, among others

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Increasing Demand from Pharmaceutical Industry
4.2 Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5.1 Grade
5.1.1 Pharmaceutical Grade
5.1.2 Industrial Grade
5.2 Application
5.2.1 Chemical synthesis
5.2.2 Cosmetic
5.2.3 Flavors and Fragrance
5.2.4 Lubricant
5.2.5 Pharmaceutical Ingredients
5.2.6 Other Applications
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom France Italy Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 acme synthetic chemicals.
6.4.2 Arkema
6.4.3 Handanshi Kezheng Chemical Co., Ltd.
6.4.4 Jinan Chenghui Shuangda Chemical Co., Ltd.
6.4.5 Kalpsutra Chemicals Pvt. Ltd.
6.4.6 Merck KGaA
6.4.7 Oxea
6.4.8 Parchem fine & specialty chemicals.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • acme synthetic chemicals.
  • Arkema
  • Handanshi Kezheng Chemical Co., Ltd.
  • Jinan Chenghui Shuangda Chemical Co., Ltd.
  • Kalpsutra Chemicals Pvt. Ltd.
  • Merck KGaA
  • Oxea
  • Parchem fine & specialty chemicals.