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Hexyl Acetate Market Trends

Report ID: GMI6331
Published Date: Jul 2023
Report Format: PDF

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Hexyl Acetate Market Trends

Product diversification and innovation is one of the key trends in the hexyl acetate industry, with the product being incorporated into various formulations, including personal care, cosmetics, and homecare products. The market is also witnessing increased collaboration and partnerships among manufacturers, suppliers, and end-users to cater to evolving consumer preferences. Furthermore, the expansion of product usage in emerging economies presents new growth opportunities for the hexyl acetate industry, supported by changing lifestyles and increasing disposable incomes in these regions.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for hexyl acetate was valued at USD 97 million in 2022 and will record more than 4% CAGR over 2023-2032, given the increasing consumer demand for natural and organic products, rapid growth of the food and beverage industry, and rising disposable incomes worldwide.

Flavoring agent applications accounted for a 29% share of the hexyl acetate industry in 2022, owing to the product’s fruity and pleasant aroma profile, as well as growing consumer demand for unique flavors in foods and beverages.

North America market for hexyl acetate was over USD 31 million in 2022, given the growing preference for natural and organic products among consumers, and the use of the compound as a fragrance ingredient.

Some of the major entities operating in the hexyl acetate industry include The Good Scents Company, International Flavors?Fragrances, Bontoux, Beijing Lys Chemicals, Apiscent Labs, Advanced Biotech, Nimble Technologies, RX Marine International, Zhejiang NetSun, Lanxess AG, and Merck KGaA.