Pentalide (Cyclopentadecanolide) Market Analysis

Cyclopentadecanolide Analysis

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 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.

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.