Heptanoic Acid Market Size

  • Report ID: 4352
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Heptanoic Acid Market Size

Heptanoic Acid Market size was valued at USD 3.34 billion in 2024 and is likely to cross USD 6.38 billion by 2037, registering more than 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of downhole tools is assessed at USD 3.48 billion. The growth of the market can be attributed to the expansion of the manufacturing industry as the chemical is widely used by producers in manufacturing processes, backed by its great advantages. Thus, the boom in the manufacturing industry is expected to propel market growth in the assessment period. According to recent estimates, the manufacturing industry in the United States region was estimated to generate approximately USD 6 trillion in 2022.

Heptanoic acid has good corrosion properties at different levels of temperatures. It is also used as an industrial lubricant due to its characteristics such as lower volatility at high temperatures and lower viscosity at lower temperatures. The various benefits offered by heptanoic acid make it a preferred choice in the manufacturing business. Thus, an increase in the number of manufacturing businesses is forecasted to bring in lucrative opportunities in the upcoming years. A recent report stated that in 2022, the number of manufacturing businesses in the United States was counted to be 638,590. Hence, all these factors are anticipated to hike the market growth over the forecast period.


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Author Credits:  Rajrani Baghel


  • Report ID: 4352
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of downhole tools is assessed at USD 3.48 billion.

The heptanoic acid market size was valued at USD 3.34 billion in 2024 and is likely to cross USD 6.38 billion by 2037, registering more than 5.1% CAGR during the forecast period i.e., between 2025-2037. Growth in the automotive industry and expansion of the beauty industry will boost the market growth.

Asia Pacific industry is set to hold largest revenue share of 36% by 2037, driven by rising demand for automobiles in the region.

The major players in the market are Arkema S.A., Handan Kezheng Chemical Co., Ltd., Jinan Chengui Shuangda Chemical Co., Ltd., Kalpsutra Chemicals Pvt. Ltd., The Merck Group, National Analytical Corporation, OQ Chemicals GmbH, Parchem Fine & Specialty Chemicals, Inc., Spectrum Laboratory Products, Inc., Tokyo Chemical Industries Co., Ltd
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