Pentalide (Cyclopentadecanolide) Market Size By Fragrance House (Big, Medium, Small), By End-user (Alcohol, Cosmetic, Fabric Care, Toiletries), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2025
Published Date: Sep 2019 | Report ID: GMI4327 | Authors: Kiran Pulidindi, Hemant Pandey
Cyclopentadecanolide Market size crossed USD 13.9 million in 2018 and will witness a CAGR of more than 4% between 2019 and 2025.
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Pentalide is also known by names such as cyclopentadecanolide, exaltolide, thibetolide, muskalactone, muskolacto, among various other in the industry. It is widely applicable across several end-user industries including toiletries, fabric care, cosmetic, alcohol, household and industrial cleaners, etc. Growing socio-economic factors in Asia Pacific, which is attributed to positive economic growth will drive demand for cosmetics and personal care products, likely to make noteworthy contribution to the cyclopentadecanolide market size in the coming years. For instance, the retail sales of cosmetic products in China was recorded at USD 22.75 billion in 2013, which rose to USD 36.67 billion in 2018. These trends are expected to continue in future, which will drive pentalide demand as it is increasingly preferred by the key personal care industry manufacturers, owing to its biodegradable nature. Furthermore, stringent regulations against nitro and polycyclic musk owing to its hazardous impact on human health has been a major driver for the overall market size in the recent years. For instance, nitro and polycyclic musks bioaccumulate in the environment and has been detected in human breast milk, blood, body fat and umbilical cords. These compounds were disrupting cell functioning and hormone systems and are therefore being replaced by macrocyclic musk chemicals.
Cyclopentadecanolide demand was severely affected in 2018, due to supply constraint of its major feedstock cyclododecanone (c-Don). BASF, which is the major supplier of c-Don declared force majeure on its production facility in Ludwigshafen Germany, due to critically low water levels on the River Rhine which resulted from long warm and dry weather conditions in Germany. These factors led to an unexpected rise in pentalide prices. This impact was due to insufficient availability of its feedstock in the market. However, the condition is likely to improve with the rainfall or thunderstorm in the coming years, which will eventually increase the water levels in the river and trade practice may resume, probable to neutralize the impact of price rise in the market.
Pentalide production process is a time consuming multi-step process with relatively high cost of production, which may play as a major setback for pentalide market size in future. However, favorable regulatory policies along with escalating cosmetic product sales will help generate ample opportunities for the market growth in the forecast timeframe.
|Historical Data for:||2014 to 2018||Forecast Period:||2019 to 2025|
|Pages:||147||Tables, Charts & Figures:||176|
|Geographies covered (19):||U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE|
|Segments covered:||Fragrance House, End-user and Region|
|Companies covered (10):||Soda Aromatic Co. Ltd., Symrise AG, Firmenich International SA, Augustus Oils Ltd., M&U International LLC, Penta International Corp., Tokyo Chemical Industry Co. Ltd., Bedoukian Research, Inc., Spectrum Chemical Manufacturing Corp., Alpha Aesar,|
Pentalide Market, By Fragrance House
Cyclopentadecanolide market is bifurcated into big, medium and small fragrance houses. In the pentalide industry, big fragrance house segment includes the pentalide manufacturing companies which are generating revenue of more than USD 1 billion from their fragrance chemicals segment annually. Some of the companies operating in the big fragrance house segments are Firmenich International, Symrise Ag, etc. This segment held approximately 50% of the overall market size in 2018 and is expected to showcase gains close to 4.5% in the coming years. On the other hand, medium fragrance house segment constituted over 15% of the overall market size in 2018. This segment covers the pentalide manufacturers which are generating sales of more than 300 million and less than 1 billion from their fragrance chemicals segment annually.
Pentalide (Cyclopentadecanolide) Market, By End-user
Pentalide is widely applicable for providing fragrance to a number of products such as detergents, fabric softeners, soaps, bath showers, industrial & household cleaners, personal care products, fine fragrances, alcohol, etc. For instance, pentalide is used to impart fragrance to toiletries, which are used to wash and take care of one's body. Some of these products are soaps, shampoos, toothpaste etc. Cyclopentadecanolide market size for toiletries is projected to rise at a CAGR of approximately 5% in the forecast time span. Growing consumer spending power in emerging economies such as Asia Pacific and the Middle East coupled with increasing awareness towards health & hygiene has triggered demand for toiletries which will have subsequent impact on cyclopentadecanolide demand in the forecast timeframe.
Cyclopentadecanolide Market, By Region
Global Pentalide Market Size by Region, 2018
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Asia Pacific pentalide (cyclopentadecanolide) market is anticipated to grow with a CAGR of more than 6% in the forecast time span. It is among the largest market led by China, India and Japan. Growing population coupled with rising consumer spending patterns in the region are the key drivers for cosmetics & toiletries, fabric care, fragrance and household cleaner’s industry. For example, China’s cosmetics market witnessed very strong growth in past 20 years, yet market is far from saturation. With combined population of 2.7 billion people of China and India, of which 1.19 billion is urban population depicts large potential cosmetic customers base in the world. As a result, the fast-economic growth, living conditions are continuously improving which has triggered demand for the abovementioned products significantly, likely to attain gains for the overall market size in the near future.
Competitive Market Share
The global cyclopentadecanolide market size is highly consolidated with the key players constituting more than 50% of the total industry share in 2018. Some of the prominent players operating in the market size are Firmenich International, Symrise Ag, Soda Aromatics, Tokyo Chemical Industry Co., Ltd. and Alpha Aesar.
Firmenich International is selling Pentalide with the brand name Exaltolide. The company is engaged in supplying more than 45,000 different fragrances, specialty components, and aromas worldwide. Its products are used across various end user industries such as beauty, household & fabric care products, pharmaceutical, and food & beverage industry. Additionally, the company has its manufacturing sites and sales offices in over 50 countries across the globe. The company is also engaged in making substantial investment for capacity expansion and forming strategic alliances to gain an edge over its competitors.
Pentalide, also known as cyclopentadecanolide is a macrocyclic musk, which is used across multiple end use products such as toiletries, cosmetics, household detergents, soaps and shampoos, fragrance ingredient & fixative in perfumes, industrial cleaners, etc. Demand of these products is propelling with rise in population and increasing disposable income in the emerging economies. For instance, there is gradual rise in household disposable income globally, led by growing economies such as China, India, Brazil, South Africa, ASEAN countries, etc. These trends along with improving regulatory concerns on trading of nitro and polycyclic musk, will result in driving the overall market size in the projected time period.
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