Industry Background:
A petrochemical hydrocarbon fraction having a chemical empirical formula C7H16. It has 11 isomers including 2 enantiomers. Heptane is a hydrocarbon of the alkane series physically appears colourless. It is a highly flammable liquid with a mild gasoline-like odour. Heptane is considered the standard for octane ratings, it is also used for anaesthetics, cement, inks, lab reagents, organic synthesis and solvents. Due to its ideal chemical properties, it is considered the most useful industrial chemical.
According to AMA Research, the market for Heptane is expected to register a CAGR of 4.43% during the forecast period to 2028. This growth is primarily driven by Rising Demand From Various End-Use Industries
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Tons |
Value Unit | USD (Million) |
Dominating Type | Industry Grade |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Royal Dutch Shell Plc (Netherland), Chevron Phillips Chemical (United States), Akzo Nobel N.V. (Netherland), BASF SE (Germany), CJ Chemicals (United States), FUJIFILM Wako Pure Chemical Corporation (Japan), Ashland Global Holdings Inc. (United States), Wako Chemicals (United States) and Ashland (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2018, Shell entered into a joint venture with CNOOC Oil & Petrochemicals Co. Ltd (CNOOC) and Guangdong Guangye Investment Group Co. Ltd (Guangye) to establish a major ethylene cracker and derivatives complex in China's Guangdong province. Shell holds a 50% stake in the joint venture.
In February 2023, Nexus Circular announced that the company signed a long-term commercial agreement with Chevron Phillips Chemical (CPChem) for the supply of a significant volume annually of circular liquid feedstocks from a new advanced recycling facility.Companies can emphasize the high quality and purity of their heptane product. This can involve implementing stringent quality control measures, ensuring consistent purity levels, and providing certificates of analysis to demonstrate the product's purity and compliance with industry standards.
Regulatory Insights:
In the United States, the Environmental Protection Agency (EPA) is responsible for regulating the production, distribution, and use of heptane. The EPA sets standards for environmental safety, including emission limits and handling procedures, to ensure the safe use and disposal of heptane.
Influencing Trend:
Technology advancement in the chemical industry related to modernization in the field of equipment used for extraction
Market Growth Drivers:
Rising Demand From Various End-Use Industries, Growth Of The Pharmaceutical Industry and Growing penetration in the Asia-Pacific region
Challenges:
Threat From Substitutes Owing To The Lesser Toxicity Compared To Hexane In The Cleaning Industry
Restraints:
Environmental Regulations
Opportunities:
Growth Opportunities From Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Heptane Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Heptane Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Heptane players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Heptane Study Sheds Light on
The Heptane Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Heptane industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Heptane industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.