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Some of the major entities operating in the hexyl acetate market include
These players concentrate on strategic partnerships, new product launches, and commercialization efforts for market growth. Furthermore, they make huge investments in research & development to launch advanced products and gain maximum market revenue.
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
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.
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.