Caproic Acid Market Growth to Hit USD 1.9 Billion by 2030 | Rising Demand in Feed, Fragrance & EV Fluids
Caproic Acid Market has demonstrated consistent growth, with its valuation reaching USD 1.2 billion in 2023 . According to industry analysis, the market is projected to expand at a CAGR of 6.5% , reaching approximately USD 1.9 billion by 2030 . This growth is largely driven by increasing applications in animal feed additives, fragrance production, and advanced thermal management systems, particularly as industries transition toward sustainable and bio-based solutions. Caproic acid (hexanoic acid) plays a critical role in multiple industrial processes due to its unique chemical properties. Its applications range from enhancing animal nutrition to serving as a key ingredient in high-performance cooling fluids for electric vehicles. The compound's versatility has made it increasingly valuable as manufacturers seek environmentally friendly alternatives to traditional petrochemicals. Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/288078/global-ca...