QYR Market Research Global Hexanoic Acid market research | Page 5

QYResearch
• Major consumption regions of hexanoic acid are China,
North America, Europe and Southeast Asia. Europe is
the largest consumption region which consumed 3229
MT in 2017. Southeast Asia and China separately is the
second and third largest consumption region.
• During past five years, global consumption increased
from 8633 MT in 2013 to 10036 MT in 2017, with CAGR
of 3.84%. Due to raw material price increase, global
average Hexanoic Acid price also increase from 2017.