Selbyville, Delaware, Sept. 10, 2019 (GLOBE NEWSWIRE) --
The cyclopentadecanolide market revenue is poised to exceed a valuation of over $17 million by 2025, according to a 2019 Global Market Insights, Inc. report. Rising regulations against hazardous musk chemicals is likely to be a key driving force for the overall market size by 2025.
Conventionally, nitro and polycyclic musks were more prevalent across end-user industries such as cosmetic, toiletries, personal care products, fine fragrances, alcohol, etc. However, with stringent regulations against fragrance chemicals having potential health hazards, pentalide (cyclopentadecanolide) market is gaining momentum. It is safe for the ecosystem and is biodegradable, thus making it more ideal for the consumption in end use products.
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Macrocyclic musk products were used in smaller volume in the past few years as compared to polycyclic musks mainly because of their high production cost. However, in recent years, advances in the synthesis of macrocyclic compounds have driven their cost down to competitive levels. As a result, the popularity of macrocyclic musks amongst end-users is growing steadily as their price performance ratio has increased favorably. Thus, there is huge demand of environment friendly musk from end user industries, which will have positive impact on the global cyclopentadecanolide market value by 2025.
Small fragrance house constituted approximately 30% of the cyclopentadecanolide market revenue in 2018. This segment includes the product manufacturers with revenue of less than 300 million from their fragrance division annually. Few players operational in the segment are Augustus Oils Ltd., M&U International LLC, Penta International Corp, etc.
Browse key industry insights spread across 147 pages with 154 market data tables & 22 figures & charts from the report, “Pentalide (Cyclopentadecanolide) Market By Fragrance House (Big, Medium, Small), End-user (Alcohol, Cosmetic, Fabric Care, Toiletries), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/cyclopentadecanolide-market
Cyclopentadecanolide market for fabric care constituted approximately 25% of the total business size in 2018. Product is used to impart fragrance to detergents and fabric softeners. Growing awareness among consumers towards health and hygiene along with rising consumer spending power is likely to drive the business size by 2025. These factors triggered penetration of washing machines majorly in the emerging economies which will make notable impact on the market revenue. Furthermore, growing online sales channels also propelled demand for detergents as there is increasing number of deliver to door startups for daily household products. Also, rapidly growing hospitality sector is also driving the detergents demand, which in turn will help make promising gains to the overall market size by 2025.
North America pentalide (cyclopentadecanolide) market constituted close to 25% of the total industry share in 2018, which is likely to witness gains close to 4% in the coming years. This is due to high personal hygiene awareness along with workplace cleanliness among consumers. These trends will result in high demand for personal care products, toiletries and industrial and household cleaners, thereby likely to make a subsequent positive impact on the business size by 2025.
The pentalide market is competitive with major players contributing more than half the industry size in 2018. Few prominent manufacturers are Soda Aromatics, Firmenich International, Tokyo Chemical Industry, Alpha Aesar and Symrise Ag. Other players operating in the industry are Spectrum Chemical Manufacturing, Augustus Oils Ltd., M&U International LLC, Penta International Corp, etc. Most of these companies are forming alliances with small or medium scale players to improve its product portfolio.
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