n-Heptane (C7H16) is a colorless liquid that is insoluble in water. It is obtained by fractional distillation of petroleum. Heptane is not only flammable, but also moderately toxic if inhaled. It is used as a solvent, as an anaesthetic and in organic synthesis.
Currently, there are several producing companies in the world heptane industry. The main players are SK, Shell, Chevron Phillips Chemical, ExxonMobil, Phillips 66and Mitsubishi Shoji Chemical. The global sales of heptane will increase to 82586 MT in 2018 from 62526 MT in 2013 with average growth rate of 5.73%.
In consumption market, USA and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 58.95% of the global consumption volume in total.
Heptane has several grades, which include heptane 95%, heptane 97%, heptane 99%, etc. And each type has different application people and places relatively. With entertainment and fitness effect of heptane, the downstream application industries will need more heptane products. So, heptane has a huge market potential in the future.
The major raw materials for heptane are petroleum, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of Heptane. The production cost of Heptane is also an important factor which could impact the price of Heptane.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economy development status and international competition. Also, there is fluctuation in gross margin.