Hexanoic acid is a colorless oily liquid derived from hexane. It is also called as caproic acid. It has numerous applications in the food & beverage, industrial chemical, personal care, pharmaceutical, and other industries. It is used in the manufacturing of esters for artificial flavors. The hexanoic acid market is growing on account of the rising production of personal care products and increasing consumption of processed and packaged food products.This growth is primarily driven by Rising Production of Personal Care Products and Increasing Consumption of Processed and Packaged Food Products.
Globally, a noticeable market trend is evident Increasing Applications in Production Pharmaceuticals and Industrial Chemicals. Major Vendors, such as KLK OLEO (Malaysia), Pacific Oleochemicals (Malaysia), Oleon Sdn Bhd & UniOleon Sdn Bhd (Malaysia), Ecogreen Oleochemicals (Singapore) and IOI Oleochemical (Malaysia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Rising Production of Personal Care Products
- Increasing Consumption of Processed and Packaged Food Products
- Increasing Applications in Production Pharmaceuticals and Industrial Chemicals
- Stringent Government Regulations Regarding Chemicals
Increasing Demand from End-Use Industries and Rising Demand from the Developing Economies
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