D - Limonene Market
For Personal Care Products, Air Care Products, Cleaning And Furnishing Care
Products, Electrical & Electronic Devices, Food Additives And Others Is
Expected To Reach Over US$ 0.45 Bn By 2022
According to a new
market report published by Credence Research “D - Limonene Market - Growth,
Future Prospects, Competitive Analysis, and Forecast 2016 - 2022,” the d -
limonene market is expected to reach over US$ 0.45 Bn by 2022, expanding at a
CAGR of more than 4.5% from 2016 to 2022.
Browse the
full D - Limonene Market for Personal Care Products, Air Care Products,
Cleaning and Furnishing Care Products, Electrical & Electronic Devices,
Food Additives and Others Applications- Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2016 – 2022 report at http://www.credenceresearch.com/report/d-limonene-market
Market
Insights
Limonene is a liquid
hydrocarbon which is colorless and is classified as a cyclic terpene. The
isomer of limonene is d – limonene. It is basically used in chemical synthesis
and as a renewable solvent in cleaning products. D – Limonene is also known as
a cleaning formulation ingredient that is extracted from oils which are present
in orange rinds. The pleasant lemon like aroma of d – limonene makes it a major
constituent in several citrus oils. Because of its aroma, d – limonene is used
as a fragrance and flavor additive in soaps, perfumes, food, beverages, chewing
gums and cleaning products.
Decrease in usage of
ozone depleting chemicals and chlorofluorocarbon (CFC) is the major driving
factor for growth of global d – limonene market worldwide. In addition, growing demand for d – limonene
as a solvent for replacing toxic materials from the solvent blends is another
factor boosting growth of global d – limonene market. Based on applications,
the global d – limonene market is segmented into personal care precuts, air
care products, cleaning and furnishing care products, electrical and electronic
devices, food additives and others.
Among these, personal
care products accounted for major share of global d – limonene market in 2015
and are expected to increase in the near future. D – Limonene is used in
various personal care products such as soaps, creams, lotions, oils and
perfumes among others. Hence, high demand is reported for d – limonene from the
personal care products industry. Other applications are also expected to boost
high demand for d – limonene as it is used in wide range of cleaning products
for various applications. Therefore, d – limonene is anticipated to experience
high demand from various end-user industries worldwide in the near future.
Competitive
Insights:
Latin America
accounted for major share of global d – limonene market as Brazil is the major
orange producing country. North America followed Latin America in terms of
demand for d – limonene in the market. U.S. dominated the global d - limonene
market in terms of demand due to increasing use of d – limonene in end-user
industries in the country. High demand for d – limonene from the personal care
products industry is driving the growth of global d – limonene market in the
region. Asia Pacific accounted as the third largest region for d – limonene
worldwide and is anticipated to fuel market demand in the near future.
Increasing demand for d – limonene from the chemical industry has boosted
market growth in the region. Other regions such as Europe and Middle East &
Africa are also projected to fuel demand for d – limonene during the forecast
period from 2016 to 2022.
Key Trends:
Manufacture of
personal care products
High demand as solvent
from the chemical industry
Replace toxic
materials in solvents and an alternative to harmful ozone depleting chemicals
Opportunities from
increasing research activities for increase in application scope of d -
limonene from various end-user industries
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