Report Code: A08650 | Pages: NA | Jul 2023 | 1059 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Dihydromyrcenol Market
Request Now !Dihydromyrcenol belongs to the family of acyclic terpenicalcohols Dihydromyrcenol has wide variety of applications in the cosmetic industry due to its unique properties, such as soluble in alcohol and paraffin oil and insoluble in water. It is a pale yellow colored liquid which has a strong smell similar to fresh lime and sweet citrus & floral aroma. Furthermore, dihydromyrcenol is made out of dihydromyrcenyl chloride by hydrolysis of dihydromyrcenyl chloride in an aqueous medium which contains a base and a phase transfer catalyst in an amount of 0.001-10 mole %, based on the amount of dihydromyrcenyl chloride.
The market for dihydromyrcenol is largely influenced by advanced consumer products, in products such as skin and hair care products in particular. The product is also used in the manufacture of derivatives such as tetrahydromyrcenol, myrcetol and compounding fragrances as intermediates.
COVID-19 Impact
In the cosmetics and personal care products industry, dihydromyrcenol is a major element of fragrance chemicals used. Further, the key factor boosts the worldwide fragrance chemical industry is rise in expenditure on personal care products across the globe, which is further due to increase in disposable income of consumers. Moreover, continuous research and development in this field along with launch by top market players of fragrance chemical industry, is further anticipated to bolster the market in the forecasted period. This firm growth in fragrance chemicals industry will ultimately drive the dihydromyrcenol market size during the forecast period.
Asia-Pacific is anticipated to lead global dihydromyrcenol market in terms of demand and production during the forecast period. Due to growing consumerism and increased awareness about personal health and hygiene, especially in the cosmetics and related products segment. Explicitly, in countries such as China India, Brazil, and South Korea, the rise in per capita income has allowed consumers’ purchasing power tremendously. But Europe and North America are predicted to display decline in demand for synthetic perfumes in the coming years, due to rising organic fragrances demand.
Increase in number of online portals handling sales of cosmetics and exclusive personal care products have efficiently driven the fragrance chemical industry, which leads to boost in the dihydromyrcenol market size. Moreover, innovation and advancement in natural and organic fragrances is also predicted to create significant growth opportunities in the forecasted period for the dihydromyrcenol market.
Moreover, online shops have considerably stimulated the fragrance chemicals industry. This, in turn, is estimated to drive the dihydromyrcenol market in the next few years.Â
However, a major challenge for the dihydromyrcenol market is the continuous need to upgrade & advance in the fragrance chemical industry, and to produce new fragrances that attract consumer attention worldwide. In addition, the challenge of alternatives such as organic fragrances can also hamper the growth of the industry, as more and more customers are opting for it. 
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Dihydromyrcenol Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | The Good Scents Company, Himalaya Terpenes Limited, Santa Cruz Biotechnology, Premier Chem Corporation, Privi Organics Limited, Phoenix Aromas & Essential Oils, Manish Minerals & Chemicals, Suru Chemicals, Anthea Aromatics., Global Enterprises |
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