D-Limonene Market Key Players and Production Information analysis 2024
Axiom MRC Published a, “D-Limonene Market Report, By
Source, Application and Geography – Global Market Share, Trends, Analysis and
Forecasts Up to 2024” D-Limonene
is a monocyclic monoterpene derived from several citrus oils such as orange,
lemon, mandarin, lime, and grapefruit. It is basically used in chemical
synthesis and as a renewable solvent in cleaning products.
Global D-Limonene Industry Analysis:
The global
D-Limonene market is projected to grow at a CAGR between 5.1 to 6.1% from 2019
to 2024. D – Limonene is also known as a cleaning formulation ingredient
that is extracted from oils which are present in orange rinds. Owing to its
pleasant citrus fragrance, D-Limonene is widely used as a flavor and fragrance
additive in perfumes, chewing gums, soaps, food, and beverages. It is also
listed in the Code of Federal Regulation and is considered as safe to be used
as flavoring agent. Being an excellent solvent of cholesterol, d-limonene has
been used clinically to dissolve cholesterol-containing gallstones.
Decline in usage
of ozone depleting chemicals and chlorofluorocarbon (CFC) is the foremost
driving factor for growth of global d – limonene market worldwide.
Furthermore, growing demand for d – limonene as a solvent for replacing toxic
materials from the solvent blends is another factor boosting growth of global d
– limonene market. On the contrary, impending threat from the Myralene solvent
which is available at lower costs and similar properties may significantly
hamper the growth of D-Limonene market in the coming years.
Global D-Limonene Segmentation Based On:
By Source:
Based on source,
the global D-Limonene market has been segmented into orange, lemon, mandarin,
lime, and grapefruit.
By Application:
Based on
applications, the global D-Limonene market has been segmented into personal
care products, air care products, cleaning & furnishing care products,
electrical & electronic devices, and food additives.
By Geography:
Global D-Limonene
market has been segmented into North America, Europe, Asia Pacific and rest of
the world region which includes Latin America, and Middle East & Africa.
Latin America accounted for the largest share in the global D-Limonene market
Leading Partners of D-Limonene Industry:
D-Limonene market
is concentrated with leading manufacturers such as Moellhausen SPA and Florida
Chemical Company having strong hold on the global market. Some of the key
manufacturers of Moellhausen SPA, Florida Chemical Company, Lemon Consentrate
S.L., XR-2000, Inc., Schepise Chemical Sales, LLC, Orchidia Fragrances, Sharp
Methanol India Ltd, Citroflavor Essential Oils, Hunter Sales, Inc., EZclean and
Frutech International., among others.
About
Axiom MRC:
Axiom Market Research & Consulting™ (also known as
Axiom MRC), is a full-service market research and data analytics firm, driven
by a simple aim of providing key market intelligence to companies to assist
them in taking informed business decisions pertaining to their marketing strategy,
investments, new product launches, market competition, consumer or end users,
social media trends etc.
Media
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