Toluene diisocyanate manufacturer News Market demand maintains a growth trend, and the scale of the methyl dihydrojasmonate industry will continue to expand.

Market demand maintains a growth trend, and the scale of the methyl dihydrojasmonate industry will continue to expand.

Market demand maintains a growth trend and the scale of the methyl dihydrojasmonate industry will continue to expand

Methyl dihydrojasmonate is an ester compound present in jasmine essential oil. Methyl dihydrojasmonate appears as a colorless or light yellow transparent liquid. It has stable chemical properties, is not easy to change color, is biodegradable, and has good compatibility with other raw materials. Methyl dihydrojasmonate has a strong jasmine-like floral aroma and is the main raw material for formulating essences such as jasmine, lily of the valley, tuberose, and succulent.

In the early days, due to technology and production capacity constraints, methyl dihydrojasmonate was relatively expensive and was mainly used in high-end perfume formulations. Later, with technological advancement and cost reduction, methyl dihydrojasmonate was used in cosmetics, air fresheners, and food. , detergents and other fields are becoming more and more widely used. At this stage, methyl dihydrojasmonate has become one of the most demanded synthetic fragrances on the market.

According to the “2022-2026 China Methyl Dihydrojasmonate Industry Market Monitoring and Future Development Prospects Research Report” shows that as one of the basic daily chemical fragrances, methyl dihydrojasmonate has a wide range of applications and market demand maintains a growth trend. In 2021, the global methyl dihydrojasmonate market will be around US$140 million, and the industry The output is about 20,000 tons. It is expected that the global methyl dihydrojasmonate market will grow at a compound annual growth rate of 4.0% from 2022 to 2026.

Globally, the consumer market for methyl dihydrojasmonate is concentrated in Europe and the United States, and production is concentrated in countries such as China, Switzerland, and Japan. The market concentration of methyl dihydrojasmonate is relatively high. Major global manufacturers include Firmenich, New Hutchison, Wanxiang Technology, Zeon, Takasago, and Kao Group.

Kao Group is one of the major suppliers of dihydrojasmonate methyl ester in the European market. In order to expand the market and better meet market demand, in August 2022, Kao Group announced that it will invest in the construction of new production facilities in Spain. Among them, dihydrojasmonate Methyl ester production capacity will be expanded more than twice.

According to different concentrations, methyl dihydrojasmonate can be divided into more than 98%, 96%-98%, 96% and below; according to different application scenarios, methyl dihydrojasmonate can be divided into food grade, industrial grade and Cosmetic grade etc. my country is a major producer of methyl dihydrojasmonate, accounting for approximately 50.0% of global supply. Among them, Wanxiang Technology is the leading domestic supplier of methyl dihydrojasmonate, with export sales and sales of methyl dihydrojasmonate Volume ranks first all year round.

Industry analysts said that the market concentration of methyl dihydrojasmonate is relatively high, and my country is one of the major producers in the world. In recent years, thanks to the decline in costs, the application fields of methyl dihydrojasmonate have continued to expand. At present, cosmetics are its main application scenarios, accounting for more than 60% of the applications. As one of the basic daily chemical fragrances, with consumption upgrading, the market demand for methyl dihydrojasmonate will maintain a growth trend, and the industry will have large room for development in the future.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.allhdi.com/archives/30538

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