Tricyclodecenyl Propionate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1408
Global Tricyclodecenyl Propionate Market size will grow with rising demand for personal care products owing to the improving economic conditions and lifestyle changes of people in countries all over the world.
Tricyclodecenyl propionate (C13H18O2) or cyclaprop is an aromatic compound that is used to impart fragrance. It can be mixed with a solvent or blended in a substrate in powder form and used to provide desirable scent to skin or other products. Tricyclodecenyl propionate market will grow during the forecast years due to the product popularity as a safe perfume composition. Global lifestyle changes and prosperity will propel the market as people become increasingly aware about the comfortability and health benefits provided by fragrances and aroma therapy. Buying pattern in the emerging economies will positively influence the tricyclodecenyl propionate market as people spend more in personal and beauty care products.
Tricyclodecenyl propionate market will witness a boost in the coming years as it has high safety parameters after mixing with auxiliary solvents and is harmless to the environment. The product has been successful in replacing many existing fragrances like p-isopropylphenyl, p-tert-butylphenyl, hexylcinnamaldehyde and p-tert-butylphenyl which were degrading the environment. Its stability in applications like soaps, shampoos, and conditioners will also help the overall tricyclodecenyl propionate market growth. The booming hospitality industry is likely to provide many opportunities for the product in the future due to increased use of air fresheners, soaps, and shampoos.
By product type, tricyclodecenyl propionate market is segmented into two parts viz. liquid and powder. The liquid form is used in perfumes, shampoos, air fresheners, lotions, etc. and has a significant share of the overall tricyclodecenyl propionate market. This segment will grow during the forecast timeframe owing to higher demand for liquid based personal care products by customers. The powdered form of the product is used in talcum powder, soaps and incense sticks and its market share is also poised to grow in the coming years.
Tricyclodecenyl propionate market is segmented, by application, into the categories such as soaps & shampoos, perfume & cologne, cosmetics and others such as talcum powder, incense sticks, etc. Increasing concern for cleanliness and hygiene by customers will propel the soaps & shampoos section in the coming years. Rising number of product lines catering to different needs of the customers by companies manufacturing personal care products will help in the industry growth. Tricyclodecenyl propionate market for perfume & cologne application has a significant share and this trend is expected to continue with the rising purchasing power of customers, mostly in the growing economies in Asia Pacific and Latin America.
North America and Europe tricyclodecenyl propionate markets are a mature and has a substantial share of the global market. High living standards and awareness about personal grooming coupled with high disposable income in the developed countries of Western Europe and the U.S. will have a positive impact on the overall industry growth. Asia Pacific tricyclodecenyl propionate market holds a considerable share due to high population in this region and this share is expected to grow at a healthy rate during the forecasted timeframe with improving per capita income and lifestyle changes, mostly in China, India and Singapore. The same trend is expected to continue in the tricyclodecenyl propionate market in Latin America and Middle East & Africa owing to improving economic conditions and government policies that favour improved hygiene and cleanliness.
Key players having a presence in tricyclodecenyl propionate market include Vigon International, Berje, Inc, Phoenix Aromas & Essential Oils Inc, Lluch Essence S.L, Lermond Company, Ernesto Vento, ECSA Chemicals, Indukern F&F, Lansdowne Chemicals, PCW France, Penta International Corporation, Perfumers World Ltd, The John D. Walsh Company, Clorox Company and AN PharmaTech Co Ltd.
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