3-Hexenyl Salicylate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1528
Global 3-hexenyl salicylate market size is escalating and is projected to grow at a moderate rate over the projected timeframe. 3-hexenyl salicylate is a colourless odorant having widespread applications in fragrance, flavouring across various industries including personal care and food processing.
3-hexenyl salicylate market is primarily driven by its cosmetics applications owing to its fresh and floral characteristics making it desirable to be utilized in producing perfumes, moisturizer, deodorants, talcum powder, soaps, shower gels, shampoos, conditioners, etc. Cosmetics industry is flourishing and is expected to grow at a CAGR of over 4% during the forecast period. It shall effectively contribute towards growing 3-hexenyl salicylate market size in the coming future. 3- hexenyl salicylate market size growth has noteworthy dependency on fabric softener segment due to its floral odour and softening elements which helps in enhancing textile and apparels life over an extended period.
3-hexenyl salicylate market share contributors are also used in producing cleaning agents including detergents which is a primary segment in personal care industry. Detergents are used in cleaning apparels in day to day life of consumers. Robust demand of detergents is likely to have positive influence in growing 3-hexenyl salicylate market size across the globe. The product has extensive applications as food additives across food & beverage industry to enhance flavour and fragrance of products. Global food additives industry is thriving and is expected to generate a CAGR of over 3% during the forecast period. It is expected to significantly contribute towards growing 3-hexenyl salicylate market size over the projected timespan. However, the product has few disadvantages including toxicity and hazardous nature. It causes skin, eyes and respiratory irritation on direct human contact, primarily to the ones with hyper sensitive skin. Also, the product is hazardous for aquatic environment and life.
Availability of various substitutes with comparatively lower threshold value for odour in the industry which may partially impact the business size in the coming years. 3-hexenyl salicylate market is a well-established with insignificant threats of substitutes and henceforth will result in plentiful opportunities for protruding market size during the forecast period.
3-hexenyl salicylate market is segmented based on product composition including a mixture of minimum 0.12%, more than 0.12% and less than 1.2% and more than 1.2% and maximum up to 12%. They are employed across different applications based on desired requirements for enhancing floral odour or flavour.
3-hexenyl salicylate market is segmented based on application including cosmetics, fabric softeners, detergents, food additives and others. Cosmetics application segment has dominated the industry’s business size in 2016. Robust increase in cosmetics demand primarily in countries including India and China due to changing lifestyles is likely to make significant contribution towards increasing 3-hexenyl salicylate market size over the coming years. Product usage as food additives was another major contributor towards 3-hexenyl salicylate market share in 2016. It is used to add or enhance flavours, fragrance in food products to attract consumers. Food & beverage industry is flourishing and is accounted to grow at a CAGR of over 5% over the projected timespan. It will eventually have positive influence towards growing 3-hexenyl salicylate market size in the coming years.
Regionally, Asia Pacific has captured the maximum 3-hexenyl salicylate market share in 2016. Improving lifestyles in countries including India and China have resulted in increasing cosmetics demand and thereby contributing towards increasing 3-hexenyl salicylate market size. North America and Europe has also attained significant business share due to consistently growing food & beverage industry that requires increasing product application to add flavours & fragrances.
Key global 3-hexenyl salicylate market share contributors are SRS Aromatics, The Good Scents Company, Shanghai Jiulin Industrial Co., Ltd., Shanghai Hungsun Chemical Co., Ltd., Winsun Imp. & Exp. Group Co., Ltd., Simagchem Corp., Biosynth, Swati Menthol and Allied Chemicals Limited., ARIHANT CHEMICALS, Zeon Europe GmbH, Panjiva, Inc., Bedoukian Research, Penta Manufacturer, MANE, Cosmark Pty Ltd., etc.
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