Lucintel Forecasts The Global Heptanoic Acid Market To Reach $3 Billion By 2030

By Author: Lucintel LLC
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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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