Pentalide (Cyclopentadecanolide) Market Size

Cyclopentadecanolide Market

Cyclopentadecanolide Market size crossed USD 13.9 million in 2018 and will witness a CAGR of more than 4% between 2019 and 2025.

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.