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Hexyl Acetate Market growth is driven by strong application trends in the food and beverage segment

Author : Ronak Bora | Published Date : 2019-04-12 

Global Market Insights, Inc. has released a new research study on hexyl acetate market Analysis 2018-2024 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the industry detailing the SWOT analysis and market share dominance of the prominent players.

Global Hexyl Acetate Market size is likely to see potential gains owing to its immense use in major industries such as cosmetic, food and beverage. It is a sweet smelling, colorless and an organic ester compound commonly found in several fruits including apples and plums.

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Due to urbanization, there is a rapid change in lifestyles of people living in the developing economies. People are becoming aware about different tastes and are willing to try new food and beverages. Increasing product usage in different food and beverage products is the major driver for the hexyl acetate market. The product is a natural flavoring agent found in fruits such as apples and plums. Food production companies add natural and artificial additives to their products to make them more tasty and exotic. Demand for natural and organic additives is on a rise. This gives the market an upper hand in the coming years as people are getting health conscious and inclined towards natural additives.

Based on the process of product synthesis, hexyl acetate market can be classified into catalyzed reactive distillation synthesis and lipase catalyzed ester synthesis. Catalyzed reactive distillation synthesis is time consuming and uneconomical as it involves separation and performing reactions in the same vessel. The lipase catalyzed ester synthesis holds sway over the former and is commonly used by manufacturers in the production of hexyl acetate. Also, this segment is projected to have an upper hand in the production process in the near future.

Due to high demand in alcoholic beverages and processed food, North America holds sway the hexyl acetate market, followed by Asia Pacific. The hexyl acetate industry in Asia Pacific will expand rapidly owing to the fast-developing economies like India and China owing to changing lifestyles and vast youth population. Also, the hexyl acetate market is likely to expand in the Middle East & Africa at a decent pace owing to expansions and development in the economies.

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Prominent players operating in the hexyl acetate market include Lluch Essence S.L., Frutarom Ltd, Elan Inc., Bontoux S.A, Beijing Lys Chemicals Co, Ltd., Augustus Oils Ltd, Apiscent Labs LLC, Alfrebro LLC, Advanced Biotech Inc., RX Marine International, Nimble Technologies Pvt. Ltd., Zhejiang NetSun Co., Ltd., Novaphene, Merck KGaA, Ungerer & Company and Elan Chemical Company Inc. to name a few.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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