(MENAFN- America News Hour) Research Nester published a report titled
“Hexyl Cinnamic Aldehyde Market: Global Demand Analysis & Opportunity Outlook 2031”
which delivers detailed overview of the global hexyl cinnamic aldehyde market in terms of market segmentation by type, application, end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global hexyl cinnamic aldehyde market is estimated to grow at a CAGR of ~4% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into flavoring agent, fragrance additives, and others, out of which, the fragrance additives segment is anticipated to hold a substantial share over the forecast period, owing to the increasing consumption of perfumes globally. Moreover, the easy availability and low cost of the natural compound, is further expected to boost segment growth.
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The global hexyl cinnamic aldehyde market is anticipated to witness growth on the back of growing use of perfumes, cosmetics, scented creams, soaps, and other personal use products. Hexyl cinnamic aldehyde is used as a fragrance additive, owing to its aromatic properties. The increasing import and export of perfumes, is estimated to boost the growth of the market.
According to the data by the International Trade Center (ITC), the total value of the perfume products exported in 2019 globally touched USD 21,201,426. Moreover, easy availability and low cost of hexyl cinnamic aldehyde is also estimated to fuel the market growth.
On the basis of geographical analysis, the global hexyl cinnamic aldehyde market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Europe region is estimated to gain the largest market share over the forecast period, owing to the increasing import and export of high-end cosmetics in the countries, such as, France, Spain, and Germany.
As per the data by the ITC, France was the largest exporter of perfumes, with export value of USD 5,399,921 in 2019.
Moreover, the growth in the demand for cosmetic products in the region, is estimated to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Application of Hexyl Cinnamic Aldehyde in Cosmetic Industry to Boost the Market Growth
Hexyl cinnamic aldehyde is intensively used in the cosmetic industry to add fragrance to the products, such as, perfumes, soaps, and others. As the compound is fat-soluble, it is generally used in fat-based products. The growing global demand for cosmetics, backed by higher awareness regarding personal grooming, and growing disposable income of the population, is anticipated to boost the market growth.
However, high storage cost of raw hexyl cinnamic aldehyde is expected to operate as key restraint to the growth of global hexyl cinnamic aldehyde market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global hexyl cinnamic aldehyde market which includes company profiling of Eternis Fine Chemicals UK Limited, Noble Chemicals, Emerald Performance Materials, LLC, Oxford Lab Fine Chem LLP, Lanxess AG, Graham Chemical Corporation, Kao Corporation, Croda International plc, Oleon NV, and Mubychem Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global hexyl cinnamic aldehyde market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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