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Hexanoic Acid Price Trends and Forecast
Hexanoic Acid Price Trends and Forecast
Hexanoic Acid Regional Price Overview
Get the latest insights on price movement and trend analysis of Hexanoic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Hexanoic Acid Price Trend for Q1 of 2024
Hexanoic Acid or caproic acid is an organic fatty acid that can be sourced from vegetable oils like palm oil or animal fats. In Q1’24, the hexanoic acid market in Asia experienced oscillating prices, initially subdued but later rising due to shifts in production levels and import volumes of palm, coconut, and other oils, along with challenging trade dynamics.
Hexanoic Acid Price Chart
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Hexanoic acid, commonly used in various industries for its chemical properties, mirrored the fluctuations in its feedstock materials throughout Asia, where it is predominantly produced. In Europe, the market was more stable at the start but faced constraints from lackluster downstream demand and was eventually influenced by rising upstream costs and shipping expenses. The increase in energy and crude oil prices also contributed to higher manufacturing costs, leading to a wavering price trend.
Similarly, North America saw a relaxed market curve initially, supported by sufficient inventories that met consumer demands. However, prices mildly increased as product movement grew. The overall market trajectory in North America was mixed, affected by global trade challenges intensified by ongoing conflicts in Europe and the Middle East, impacting both the availability and cost of hexanoic acid. This collective scenario across the regions highlighted a quarter marked by significant price variability and market pressures due to external economic and geopolitical factors.
Analyst Insight
According to Procurement Resource, currently, the Hexanoic Acid market seems sufficiently supplied and is expected to remain afloat going forward in the coming months as well.
Procurement Resource provides latest prices of Hexanoic 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.
About Hexanoic Acid
Hexanoic acid, also known as caproic acid, is an organic fatty acid with a distinct odor reminiscent of goats or other barnyard animals. It's a colorless oily liquid that is poorly soluble in water but soluble in organic solvents. Hexanoic acid is primarily used in the production of its esters for artificial flavors and fragrances. It also serves as a food additive, a manufacturing intermediate in chemicals and pharmaceuticals, and an additive in lubricants, showcasing its versatility in various industrial applications.
Hexanoic Acid Product Details
| Report Features | Details |
| Product Name | Hexanoic Acid |
| Chemical Formula | C6H12O2 |
| Industrial Uses | Flavoring Agent, Perfume Ingredient, Food Preservative Manufacture of Esters, Chemical Intermediate, Lubricant Additive, Pharmaceutical Manufacturing |
| Molecular Weight | 116.16 g/mol |
| CAS number | 142-62-1 |
| Supplier Database | KLK OLEO, Pacific Oleochemicals, Oleon, Ecogreen Oleochemicals, Musim Mas Holdings |
| 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.
Hexanoic Acid Production Process
- Hexanoic Acid Production by the fractional distillation of fatty acids.
The production of hexanoic acid is carried out by the fractional distillation of fatty acids that are mostly obtained from vegetable oils or animal fats. The process separates hexanoic acid from the mixture of fatty acids and results in the production of the end 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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