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Dihydromyrcenol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Dihydromyrcenol is a colorless or pale-yellow colored liquid with strong smell resembling to fresh lime and sweet odor. It is insoluble in water and soluble in paraffin oil and alcohol. It belongs to the family of acyclic terpenic alcohols. Dihydromyrcenol is manufactured from dihydromyrcenyl chloride by hydrolysis of dihydromyrcenyl chloride in an aqueous medium containing a base and a phase transfer catalyst in an amount of 0.001-10 mole %, based on the amount of dihydromyrcenyl chloride.

Dihydromyrcenol Market: Drivers and Restraints

Dihydromyrcenol is a major constituent of fragrance chemicals used in personal care products and cosmetics industries. The global fragrance chemicals industry is anticipated to expand at an annual growth rate of 7% to 8% by 2024. The two leading factors that contribute to this growth are increasing consumer expenditure on personal care products worldwide and new product launches by leading manufacturers of fragrance chemicals. On the other hand, one of the key restraints for the fragrance chemicals industry is the continuous need to advance, and update the existing fragrances and produce new fragrances that appeal to consumers worldwide. Development of organic and natural fragrance products is projected to create lucrative opportunities for the dihydromyrcenol market in the near future. Moreover, online shops have considerably fueled the fragrance chemicals industry. This, in turn, is anticipated to drive the dihydromyrcenol market in the next few years. Companies are adopting various marketing techniques to regulate the increasing prices of dihydromyrcenol. The rising demand for fragrances and thereby, the increasing demand for dihydromyrcenol along with the mounting popularity of tailored perfumes are factors expected to fuel the dihydromyrcenol market in the near future.

Dihydromyrcenol Market: Segmentation

Based on application, the dihydromyrcenol market can be segmented into:

  • Soaps & detergents
  • Shampoos & body washes
  • Deodorants & perfumes
  • Air fresheners
  • Fabric softeners
  • Air care products
  • Cosmetics & Toiletries
  • Fragrances

The soaps & detergents segment is projected to account for a major share of the global dihydromyrcenol market by the end of the forecast period, followed by the cosmetics & toiletries segment. The market for dihydromyrcenol is primarily driven by innovative consumer products, especially in personal care applications such as hair and skin care products. Dihydromyrcenol is employed as an intermediate in the production of derivatives such as myrcetol and tetrahydromyrcenol, or in compounding fragrances. It is considered as one of the key constituents of perfumery products.

Fragrances have transitioned as a mainstream element of the cosmetics industry. From a non-essential commodity, they have evolved as obligatory, day-to-day, personal grooming products. The dihydromyrcenol market flourishes in a consumer-driven industry, dictated by beauty and fashion trends. The global fragrance chemicals industry plays a significant role in the luxury personal products.                                              

Dihydromyrcenol Market: Region-wise Outlook

Based on geography, the global dihydromyrcenol market can be segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The dihydromyrcenol market in Asia Pacific is anticipated to register the maximum growth rate during the forecast period. Asia Pacific accounted for approximately 25% share of the global fragrances market in 2015 and is expected to provide lucrative growth opportunities in the near future. However, North America and Europe are estimated to experience decline in demand for synthetic perfumes in the next few years, due to the rising demand for organic fragrances.

Dihydromyrcenol Market: Key Players

Some of the key players operating in the global dihydromyrcenol market are:

  • Manish Minerals & Chemicals
  • Phoenix Aromas & Essential Oils, LLC
  • Privi Organics Ltd.
  • Anthea Aromatics

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

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