Heptanoic Acid Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Heptanoic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Heptanoic Acid Price Trend for the Second Half of 2023

The trajectory of heptanoic acid prices during the H2 of 2023 was dependent on the global market trends exhibited by the feedstock hexene market. In the third and fourth quarters of 2023, the markets across Asia, Europe, and North America experienced similar trends of price depreciation and mixed sentiments. In Asia, particularly in China, the market performed relatively better compared to other regions as during July’23, the prices averaged around 4631 USD/MT, but after stumbling and recovering, this average grew to approximately 4975 USD/MT in December’23.

Heptanoic Acid Price Trends

The European market followed a weaker suit, with marginal price declines driven by high inventory levels and disruptions in international trade due to freight issues. North America also witnessed subdued market conditions, with prices hovering at the lower end of the spectrum, influenced by reduced industrial activity during the holiday season. In all, the global Hexene market faced challenges of oversupply, freight disturbances, and seasonal slowdowns, leading to a cautious outlook among industry players during the quarter.

Analyst Insight

According to Procurement Resource, the price trend of Heptanoic Acid is expected to face certain issues, such as depreciation in the cost of feedstock materials worldwide, but the positive sentiments from the downstream industries might help in keeping the market dynamics afloat.

Heptanoic Acid Price Trend for the First Half of 2023

Heptanoic acid prices vary according to its feedstock heptanal which is sourced from hexene, so the price trend almost replicate each other. During the first half of the year 2023, the price trend for the heptanoic acid market showed mixed sentiments but were overall positively inclined. As manufacturing activities were reviving in China after the lockdown was lifted, trade exchanges increased. As China is the major exporting territory, improved market sentiments induced movement in the other international markets as well.

American market, too, showed improvement despite a slow start. Same with the European market, as the supply chains were restored and port congestions cleared, giving way to improved shipping, the overall trade excises fixed up. Increasing offtakes from downstream sectors supported the rising heptanoic acid prices. Overall, the market looked steady and hopeful.

Analyst insight

According to Procurement Resource, the heptanoic acid price trend are expected to stabilize further in the upcoming quarter as the consistent supply and demand dynamics suggest positive market behavior.

Procurement Resource provides latest prices of Heptanoic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Heptanoic Acid, an aliphatic carboxylic acid, is a colourless liquid with a pungent odour. It is poorly miscible in water and is found to float on it as it is less dense than water. The product is a conjugate acid of a heptanoate. It has a flash point of about 200°F. It is a straight-chain saturated fatty acid that contributes to the preparation of esters in the fragrance industry.

Product Details

Report Features Details
Product Name Heptanoic Acid
Industrial Uses Synthesis of esters, Flavour and fragrance agents, Additive in cigarettes, Drugs and nutritional supplements, Intermediates, Corrosion inhibition, Lubricants, Floor coverings, Paints and coatings
Chemical Formula C7H14O2
Synonyms Enanthic acid, 111-14-8, n-Heptanoic acid, Oenanthic acid
Molecular Weight 130.18 g/mol
Supplier Database Ernesto Ventós, S.A, Arkema S.A, OXEA GmbH, Kalpsutra Chemicals Pvt. Ltd., Toronto Research Chemicals Inc, IOI Oleo GmbH
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Heptanoic Acid from Castor Oil via Decomposition; from Ricinoleic Acid via Pyrolysis and Air-Oxidation

In order to produce Heptanoic Acid from castor oil, the decomposition of esters obtained from castor oil takes place. In this process, the castor oil acid methyl ester decomposition is carried out in the presence of water vapour at 500-600°C to form oenanthal (heptanal) along with undecanoic acid methyl ester. After this, oenanthal is oxidised to produce Heptanoic Acid as the final product.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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