Hexyl Cinnamic Aldehyde Market Forecast and CAGR:
According to the latest research conducted on the hexyl cinnamic aldehyde market, the demand is estimated to exceed a 3-4% CAGR between 2021 and 2031. It is widely used as an additive in perfumes and the cosmetic industry as an aromatic substance, and it holds a major role in these industries, which helps in the growth of the market for this substance.
Due to the current ongoing pandemic situation, all industries are seeing some downfalls in production as well as in-demand, but in coming years the market will bounce back to its original form.
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What is Driving Demand for Hexyl Cinnamic Aldehyde?
Hexyl Cinnamic aldehyde is a pale-yellow liquid. It is naturally found in the essential oil of chamomile. It carries a hexyl substituent and is a member of the class of cinnamaldehyde.
This component is broadly used as an additive in perfumes and aromatic substances in cosmetics, food, the manufacturing of soaps, and in fabric care. It has a floral flavour that helps in giving a fresh and floral fragrance to food items, as well as to cosmetics and personal care products.
This industry has been booming in recent years as perfumes, cosmetics, and personal care products are more in focus and considered to be a very crucial part of hygiene. The growing population is due to more usage of such products, and disposable incomes have given them new dimensions.
Awareness regarding personal care and hygiene and related campaigns have helped this market to grow more. So, the market for this chemical is estimated to reach its peak point in the coming years. These factors are driving the market and contributing to growth.
Demand & Role of Hexyl Cinnamic Aldehyde:
Hexyl Cinnamic Aldehyde plays a major role as an aromatic substance in various industries. It is a quite popular flavouring agent used in food items. It is used as an odour agent or aroma chemical in personal care items such as soaps, perfumes, and cleaning and furnishing care products.
Apart from these, it is also used in dishwashing and laundry products, and in air care products. Demand for the compound is expected to propel the market in upcoming years due to its applications and its properties, due to which it is being used in a variety of industries.
Personal care and hygiene were always in consideration due to the awareness among the population. In urban areas, where working professionals and college students account for a major part of the population, they are more inclined towards personal care products that help them look more groomed.
So, the demand is estimated to grow in the forecast period. The food and beverage industry also holds a major part in the growth of this market as they are broadly used as additives and flavouring agents in food items, which makes them more appealing to consumers, which results in more purchases and propels the demand for the compound.
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Asia Pacific Demand Market Outlook for Hexyl Cinnamic Aldehyde:
The Asia-Pacific region is anticipated to see a little higher growth in the market. Various applications of the compounds are key factors for the growth of the market. The food and beverage industries, as well as the aroma chemicals industry, are major key market holders in this region.
As a flavouring agent, it is widely used in a variety of foods and beverages where it releases its strong cinnamon essence. It also inhibits the growth of the microorganisms in food products & prevents them from decaying. China and India are major players in this region. The fast-growing food & beverage and cosmetics industries across the region will drive the market.
Europe Demand Outlook for Hexyl Cinnamic Aldehyde:
After the APAC region, the Europe region is the second dominant market for the compound. Personal care products: The cosmetics industry is quite well developed in some areas of the region, such as Paris, which is a fashion and cosmetics hub for the region.
Its usage in shampoo, soaps, laundry & dishwashing powders made it more approachable. It is mostly used as a raw material in the manufacturing of perfumes to spice up the main fragrance. These factors account for the major share of the market and are estimated to increase the demand for the compound.
Who are the Key Manufacturers and Suppliers of Hexyl Cinnamic Aldehyde?
Based on the region and applications, there are many market players in this market which hold a major share of this market. Here are some key market players.
- Muby chemicals
- Eternis
- Noble industries
- Perfine chemicals
- Oxford Lab chem
- Emerald Performance materials
- Aurochemicals
- LANXESS AG
- Graham Chemicals
- Kao Inc. etc.
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