Global Pentalide (Cyclopentadecanolide) Market – Overview
Pentalide is also called as cyclopentadecanolide, muskolacto, or muskolactone across its different end use industries. Its applications range from cosmetics to fabric care. The growth of the global pentalide (cyclopentadecanolide) market is defined by the tectonic shift in the spending patterns of consumers across the globe, especially in Asia Pacific. Due to its wide range of applications, the global market is expected to witness a stellar growth over the given forecast period. However, the competitive landscape of the market is expected to remain consolidated with top five companies holding more than half of the overall market share.
Get an idea about the offerings of our report from Report Brochure
Global Pentalide (Cyclopentadecanolide) Market – Notable Developments
Some notable developments in the global pentalide (cyclopentadecanolide) market are given below:
- In 2106, Affymetrix was acquired by Thermo Fisher Inc. The company also acquired the USB Biochemicals products unit. This move has expanded the product portfolio of Thermo Fisher Inc. and has considerably helped in its overall revenue generation.
- In June 2019, Firmenich announced that the company has entered into a strategic partnership agreement with ArtSci Biology Technologies. The company has taken a minority equity stake in ArtSci – a leading local flavor developer in China.
Global Pentalide (Cyclopentadecanolide) Market – Drivers and Restraints
There are several factors that helping to push the growth of the global pentalide (cyclopentadecanolide) market. One of the key driving factor for the market growth has been its wide range of application verticals such as alcohol, cosmetics, fabric care, toiletries, and industrial cleaners among others. Development of these industries directly reflects on the growth of the global pentalide (cyclopentadecanolide) market. Of these end use segments, cosmetics and personal care products is the major contributor and will continue in leading the development of the market over the next few years. A situation that has worked in favor of the development of the global market is the strict governmental and regulatory guidelines about the use of hazardous materials such as polycyclic musk and nitro musk in cosmetic products. It has encouraged the manufacturers to turn to pentalide (cyclopentadecanolide) and thus helped in it development. Polycyclic musk and nitro musk have been found to affect the human health and its bioaccumulation can be found in body fat, umbilical cords, and breast milk. This has only helped in scaling up the popularity of the global pentalide (cyclopentadecanolide) market.
However, there are some factors that are expected to hamper the growth of the market. Recently, there has been a significant shortage of cyclododecanone. It is an important component in the production of pentalide (cyclopentadecanolide). Its shortage affected the production and there was unexpected rise in the prices. It severely hampered the growth of the market. However, the situation has been brought under control and the production is getting back on track and the prices are also controlled.
Looking for Regional Analysis or Competitive Landscape in Pentalide (Cyclopentadecanolide) market, ask for a customized report
Global Pentalide (Cyclopentadecanolide) Market – Geographical Outlook
The global pentalide (cyclopentadecanolide) has five important geographical segments viz. Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Over the course of the given forecast period, the pentalide (cyclopentadecanolide) market is expected to be dominated by the Asia Pacific region. This growth of the market is primarily driven by the presence of developing economies such as India and China. The consumer spending patterns have significantly changed over the years in the region. The population is now ready to spend more on premium fragrances, cosmetics, household cleaners, and toiletries products. This has helped in driving the pentalide (cyclopentadecanolide) market considerably in this region. For instance, the cosmetics market in India and China have witnessed a tremendous growth in recent years and is expected to continue developing over the course of the given forecast period. This will thus help to drive the development of the pentalide (cyclopentadecanolide) market in Asia Pacific to newer heights.
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
- 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.