Dipentene (Limonene) Market Size in 2023, Increasing demand, Growth strategies, Forecast to 2028
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“Dipentene (Limonene) Market” Global dipentene market is primarily driven by personal care products and food & beverages business across the globe. The product is used as a flavoring and fragrance additive in both the end-user industries. The citrus aroma of the product makes it a desirable choice for food processing companies. Moreover, the product has found widespread application as an ingredient in various cosmetic formulations and personal hygiene care products. Limonene market will substantially grow as a green solvent replacing petroleum-based solvents in industrial and paints & coatings applications in the coming years owing to its bio-degradability and low VOC emission. The market has immense potential to be explored as alternative to mainstream pesticides, owing to its versatile characteristics.
Market Analysis and Insights: Global Dipentene (Limonene) Market
Due to the COVID-19 pandemic, the global Dipentene (Limonene) market size is estimated to be worth USD million in 2023 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Food Grade accounting for % of the Dipentene (Limonene) global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Personal Care segment is altered to an % CAGR throughout this forecast period.
China Dipentene (Limonene) market size is valued at USD million in 2021, while the US and Europe Dipentene (Limonene) are USD million and USD million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Dipentene (Limonene) landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Dipentene (Limonene) include Florida Chemical Company, Fujian Green Pine Company Limited, Mangalam Organics Limited, Florachem Corporation and International Flavors & Fragrances Inc, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Dipentene (Limonene) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2023, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Dipentene (Limonene) by region (region level and country level), by company, by Type and by Application. from 2017 to 2023 and forecast to 2028.
Global Dipentene (Limonene) Scope and Segment
Dipentene (Limonene) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Dipentene (Limonene) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
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The Major Players in the Industrial Dipentene (Limonene) Market include:
- Florida Chemical Company
- Fujian Green Pine Company Limited
- Mangalam Organics Limited
- Florachem Corporation
- International Flavors & Fragrances Inc
By Product Types:
- Food Grade
- Industrial Grade
By Applications:
- Personal Care
- Food & Beverages
- Pharmaceutical
- Electronics
- Chemicals
- Paints & Coatings
- Rubber
- Agriculture
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