PUBLISHER: The Business Research Company | PRODUCT CODE: 1691859
PUBLISHER: The Business Research Company | PRODUCT CODE: 1691859
Heptanoic acid, also known as enanthic acid, is an aliphatic carboxylic acid-an organic compound characterized by a seven-carbon chain ending in a carboxylic acid functional group. This substance appears as a white, oily liquid with a strong unpleasant odor. It is particularly effective in masking the smell of certain rancid oils. While it exhibits limited solubility in water, it readily dissolves in ethanol and ether.
There are three primary grades of heptanoic acid such as pharmaceutical grade, industrial grade, and food grade. The term pharmaceutical grade denotes a standard of purity and quality established by regulatory bodies such as the United States Food and Drug Administration (FDA) or the United States Pharmacopeia (USP) for substances like drugs, biologics, reagents, and other materials sanctioned for human or animal consumption. Primary grades of heptanoic acid include pharmaceutical grade, industrial grade, and food grade.
The heptanoic acid market research report is one of a series of new reports from The Business Research Company that provides heptanoic acid market statistics, including heptanoic acid industry global market size, regional shares, competitors with a heptanoic acid market share, detailed heptanoic acid market segments, market trends and opportunities and any further data you may need to thrive in the heptanoic acid industry. This heptanoic acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The heptanoic acid market size has grown steadily in recent years. It will grow from $3.03 billion in 2024 to $3.1 billion in 2025 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to increase in pharmaceutical industry, increase in chemical industry, demand for textile industry, research and development.
The heptanoic acid market size is expected to see steady growth in the next few years. It will grow to $3.55 billion in 2029 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to rising demand from the cosmetic and personal care industry, expansion of the processing industry, increasing demand for lubricants, growing automotive industry. Major trends in the forecast period include technological advancements in production processes, continued relevance in agriculture, innovations in cosmetics and personal care, surfactants and detergents.
The heptanoic acid market is experiencing a substantial surge, propelled by the increasing demand for cosmetic products. Cosmetics encompass a range of products and procedures aimed at enhancing or improving the appearance of various body parts like the face, skin, hair, and nails. Heptanoic acid, a chemical compound derived from natural sources like coconut oil, plays a pivotal role in cosmetic production. It serves as an emollient, skin conditioning agent, and fragrance ingredient in various cosmetic formulations. For instance, in February 2023, L'Oreal S.A., a renowned personal care company based in France, reported a significant increase in sales for consumer products, marking a growth from 11.8% to 14.6%, and for active cosmetics, from 28.0% to 30.6% from the 4th quarter of 2022 to December 31, 2022. The dermatological beauty division witnessed exceptional growth with an impressive +21.9% like-for-like and +30.6% based on reported figures. This underscores the substantial impact of the rising demand for cosmetic products on the heptanoic acid market's growth trajectory.
The growing demand for biopharmaceutical products is expected to drive the expansion of the heptanoic acid market. Biopharmaceuticals are large, intricate molecules derived from biological sources, used for therapeutic, diagnostic, or preventive purposes. The increasing demand for these products is fueled by advancements in personalized medicine, the rising prevalence of chronic diseases, and a growing preference for biologics, which offer targeted treatments with fewer side effects. Heptanoic acid is utilized in the biopharmaceutical sector as a chemical intermediate in the production of bioactive compounds, including those used in drug delivery systems and formulations, due to its stability and compatibility with other pharmaceutical ingredients. For example, a report from the European Federation of Pharmaceutical Industries and Associations (EFPIA) in June 2023 revealed that pharmaceutical production in Europe totaled $384,200 million (€340,000 million) in 2022, marking a 4.95% increase from the previous year. As a result, the rising demand for biopharmaceutical products is contributing to the growth of the heptanoic acid market.
The increasing automotive industry is expected to propel the growth of the heptanoic acid market in the coming future. The automotive industry is the network of businesses and operations engaged in manufacturing, designing and commercializing motor vehicles, including its components such as bodywork and engines. Heptanoic acid is primarily used as an ester lubricant for braking fluids and vehicle motor oils in the automotive industry. For instance, in April 2023, according to the International Energy Agency, a France-based independent intergovernmental organization that offers research and statistics, around 10 million electric cars were sold worldwide in 2022 and expected to increase by another 35% in 2023 to reach 14 million. Therefore, the rising automotive industry is driving the heptanoic acid market.
In January 2024, Kerfoot Group Ltd., a UK-based producer of natural and organic oils, merged with Oleon N.V. The merger aims to strengthen the company's offerings in health, nutrition, and personal care, while leveraging Oleon's global brand support. Oleon N.V., based in Belgium, specializes in oleochemical products and carboxylic acids, including hexanoic acids.
Major companies operating in the heptanoic acid market are Thermo Fisher Scientific Inc., INEOS Group Limited, International Flavors & Fragrances Inc., Arkema S.A., Lanxess AG, EMD Millipore Corporation, VWR International LLC, OQ Chemicals GmbH, Sigma-Aldrich Corp, Alfa Aesar GmbH & Co. KG, MP Biomedicals LLC, Spectrum Chemical Mfg. Corp., Cayman Chemical Company, Tokyo Chemical Industries Co.Ltd., Santa Cruz Biotechnology Inc., Synerzine Inc., Chem-Impex International Inc., Central Drug House (P) Ltd., Larodan AB, VIVAN Life Sciences Pvt Ltd., Kalpasutra Chemical Pvt. Ltd., Seqens Group, Akshay Chemicals Private Limited, The Good Scents Company, Acme Synthetic Chemicals, Wujiang New Sunlion Chemical Co. Ltd., Intellichemie Industries LLP, Jinan Chenghui Shuangda Chemical Co. Ltd., Neuchatel Chemie Specialties.
Asia-Pacific was the largest region in the heptanoic acid market in 2024. The regions covered in heptanoic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the heptanoic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The heptanoic acid market consists of sales of adhesives, fragrances, artificial flavors and cosmetics and sealants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Heptanoic Acid Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on heptanoic acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for heptanoic acid ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The heptanoic acid market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.