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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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Dihydromyrcenol Market

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