Enanthic acid or heptanoic acid, is primarily an organic compound which is composed of a seven-carbon chain terminating in a carboxyl acid. Heptanoic acid is utilized in the form of esters for industrial lubricants owing to its unique performance at both low and high temperature levels (aviation, automobile, refrigeration lubricants, etc.) and its good corrosion properties. Moreover, it is used in flavors and fragrance industry as well as in cosmetics.
Heptanoic acid is a colorless liquid with a pungent odor, and is less dense than water and poorly soluble in water. Heptanoic acid find its two major uses i.e. vinyl plasticizers that are used in automotive industry and other is synthetic lubricants where it is used in polyol esters.
Heptanoic acid is utilized as an organic building block for the synthesis of a variety of chemical compounds. It is involved primarily in the esterification of steroids and used in the preparation of pharmaceutical ingredients such as testosterone enanthate, drostanolone enanthate, and methenolone enanthate. Moreover, it is utilized as an internal standard during the gas chromatography analysis of volatile acids.
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Global Heptanoic Acid Market: Dynamics
Over the recent past, utilization of heptanoic acid in metalworking fluids has grown significantly, amount of acid utilized in these products is small; therefore a dramatic change from the traditional oil based fluids would be required before there would be significant market impact. Thus, with the increase in demand for metalworking fluids, consumption of heptanoic acid is also expected to rise which in turn driving the global heptanoic acid market. Moreover, increasing local and foreign direct investments in the automotive sector are pushing the demand of lubricants which in turn is expected to boost the consumption of heptanoic acid
On the other hand, stringent environmental regulations associated with the use of lubricants is one of the key factor expected to restrain the demand of heptanoic acid. Further, regulations listed by environmental agencies pertaining to the utilization of various lubricants are lessening the consumption of heptanoic acid over the forecast period
Development of low cost and simple processes to convert the bio-degradable materials into high value carboxylic acids such as heptanoic acid, caproic acid, caprylic acid etc. is one of the key trends identified in the global heptanoic acid market across the globe. Various types of feedstock are utilized which include orange peels, food waste, palm oil mill effluent, corn ethanol stillage, crop waste etc.
Global Heptanoic Acid Market: Regional Outlook
Considering regions, the global heptanoic acid market is anticipated to be dominated by Asia Pacific region. Owing to the positive outlook of end-use industries supported by rising population, urbanization in the developing countries such as China and India. Asia-Pacific is anticipated to be followed by North America and Europe in the global heptanoic acid market over the forecast period. Latin America and Middle East & Africa are expected to account for small share in the global heptanoic acid market, due to the sluggish demand from end-users across the Brazil, Argentina, Turkey, etc.
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Global Heptanoic Acid Market: Market Participants
Examples of some of the market participants involved in the global Heptanoic Acid market include Arkema, Merck KGaA, Tokyo Chemical Industry Co., Ltd., ACME SYNTHETIC CHEMICALS,
The global heptanoic acid market is expected to be one of the most consolidated in nature owing to the presence of large number of producers (both local as well as global) in the market.
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.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Heptanoic Acid Market: Segmentation
Globally, the heptanoic acid market can be segmented on the basis of grades, application and end-use industry
Based on the grades, the global heptanoic acid market can be segmented into
- Pharmaceutical grade
- Food grade
- Other grade
Based on the application, the global heptanoic acid market can be segmented into
- Lubricants
- Cosmetics
- Flavours & Fragrance
- Corrosion Inhibition
- Others
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Based on the end-use industry, the global heptanoic acid market can be segmented into
- Pharmaceutical
- Food & Beverages
- Automotive
- Aerospace
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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