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Procurement Resource Evaluates the Price Trends of Heptanoic Acid in its Latest Insights and Dashboard

Procurement Resource Evaluates the Price Trends of Heptanoic Acid in its Latest Insights and Dashboard

Price Trends of Heptanoic Acid in its Latest Insights and Dashboard

Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Heptanoic Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Heptanoic Acid can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.

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Product Description:

An aliphatic carboxylic acid called heptanoic acid is a colourless liquid with a strong smell. Due to its weak miscibility in water and lower density than water, it can be found to float on it. The end result is a heptanoate conjugate acid. It has an approximate flash point of 200°F. It is a straight-chain saturated fatty acid that helps the fragrance industry prepare esters.

Regions Covered to Evaluate Heptanoic Acid Price Trend:

  • North America
  • South America
  • Europe
  • The Asia Pacific
  • The Middle East
  • Africa

Industrial Uses Impacting Heptanoic Acid Price Trend:

The market for heptanoic acid is primarily driven by the growing number of applications in the auto sector. The global heptanoic acid market is anticipated to grow in the next years due to the rise in demand for lubricants used in the automobile industry. When making specialised lubricants for braking fluids, heptanoic acid is employed as a synthetic flavouring component. The global heptanoic acid market is being driven by the increasing use of heptanoic acid as a lubricant in automotive motor oils, metalworking fluids, plasticizers, etc.

Key Market Players:

  • Ernesto Ventós, S.A
  • Arkema S.A.
  • OXEA GmbH
  • Kalpsutra Chemicals Pvt. Ltd.
  • Toronto Research Chemicals Inc.
  • IOI Oleo GmbH

News and Events:

  • In 2020, Asia Pacific dominated the worldwide heptanoic acid market. The Asia Pacific heptanoic acid market’s revenue potential has increased thanks to the presence of various players who are eagerly increasing their production volumes.
  • A potentially lucrative market exists throughout Europe. The demand for tyres accounts for a sizable portion of the supply. In addition, strong demand across a range of end-use sectors in Germany and France has propelled the market for heptanoic acid in Europe.

About Us:

Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.