Caproic acid is a short chain fatty acid used in manufacture of lubricants, surfactants, plasticizers among, others. Caproic acid is a white crystalline solid or oily colorless liquid with a characteristic odor. The other names for caproic acid is hexanoic acid. Caproic acid is used as a synthetic lubricant and refrigeration lubricant in production of metal working fluids to enhance rust resistance, cutting capabilities and grinding capabilities of fluids; in production of specialty soaps; as a chain terminator in production of polyester plasticizer among, others. Caproic acid is widely used in lotions, conditioners and creams in personal care industry. Caproic acid is intensely toxic and harmful and causes mild skin irritation when exposed in large quantities to the skin. In surfactants, caproic acid finds applications in shower gels, laundry detergents, liquid soaps and fabric softeners. Caproic acid degrades in the environment as it has the property of biodegradability.
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Global Caproic Acid Market: Region-wise Outlook
The global caproic acid market is segmented into Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The growth of polymer processing industries in North America and Europe is anticipated to steer the growth of caproic acid market. Asia-Pacific is projected to dominate the caproic acid market owing to the increasing demand for personal care products. India and China are anticipated to be the prominent consumer of caproic acid in the Asia-pacific region owing to the presence of established end-user industries in the countries of these emerging economy.
Global Caproic Acid Market: Key Players
Some of the key players identified across the value chain of the global caproic acid market are P&G Chemicals, Emery Oleochemicals, KLK OLEO, Ecogreen Oleochemicals, Pacific Oleochemicals Sdn Bhd, Oleon NV, Ecogreen Oleochemicals, Timur OleoChemicals, Mosselman s.a, among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Global Caproic Acid Market: Segmentation
On the basis of type, the global caproic acid market can be segmented into:
- 98% caproic acid
- 99% caproic acid
On the basis of application, the global caproic acid market can be segmented into:
- Lubricants and lubricants additives
- Surfactants
- Food additives
- Flavoring agent
- Others
On the basis of End-users, the global caproic acid market can be segmented into:
- Personal care & cosmetics
- Food and beverages
- Pharmaceuticals
- Others
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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