According to a market report by Lucintel, the future of the global heptanoic acid market looks promising with opportunities in the chemical synthesis, cosmetic, flavor and fragrance, lubricant, and pharmaceutical ingredient markets. The global heptanoic acid market is expected to reach an estimated $3 billion by 2030 at a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are escalating demand for special lubricants, growing usage in the flavor and fragrance industry, and a rise in industrialization.
A more
than 150-page report to understand trends, opportunity and forecast in global heptanoic
acid market to 2030 by grade (pharmaceutical grade, industrial grade, and food
grade), application (chemical synthesis, cosmetic, flavor and fragrance,
lubricant, pharmaceutical ingredient, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the grade category industrial grade will remain the
largest segment over the forecast period due to a rise in sectors dependent on
these chemical processes.
Within the
application category, lubricant will remain the largest segment due to the
rising use of hepatonic acid in this application given its excellent resistance
to oxidation, low viscosity at low temperatures, low volatility at high
temperatures, and high thermal stability.
Download
sample by clicking on heptanoic acid
market.
In terms
of regions, APAC is expected to witness the highest growth over the forecast
period.
Qorvo, Microchip
Technology, Broadcom, Analog Devices, Infineon Technologies, Sumitomo Electric
Industries, Win Semiconductors are the major suppliers in the heptanoic acid market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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