What is Cinnamic Alcohol Market?
Cinnamyl alcohol is defined as the organic compound which is found in esterified form in cinnamon leaves, balsam of Peru as well as storax. Cinnamyl alcohol is also known as cinnamon alcohol. It is the primary alcohol consisting of an allyl core with a 1-position hydroxy replacement and a 3-position phenyl replacement. It is a pale yellow liquid that smells similar hyacinth. It is widely used in personal care and cosmetic products and it is used in the formulation of various products such as body & hand products, bath products, perfumes, and others. In addition, it is also used as a material for the synthesis of various fragrance compounds such as cinnamate, propionate, cinnamyl acetate, among others.
Highlights from Cinnamic Alcohol Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Super Chemicals (India), Cetex Petrochemicals Ltd. (India), Emerald Kalama Chemical (United States), Symrise AG (Germany), Rajkeerth Aromatics and Biotech Pvt Ltd (India), Yuancheng Saichuang Technology (China), Hezhong (China) and Jinshigu Technology (China) |
The market is highly fragmented with the presence of local and regional players operating in the market. Some of the major players operating in the market are Super Chemicals (India), Cetex Petrochemicals Ltd. (India), Emerald Kalama Chemical (United States), Symrise AG (Germany), among others. Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Cinnamic Alcohol market throughout the forecasted period.
Super Chemicals (India), Cetex Petrochemicals Ltd. (India), Emerald Kalama Chemical (United States), Symrise AG (Germany), Rajkeerth Aromatics and Biotech Pvt Ltd (India), Yuancheng Saichuang Technology (China), Hezhong (China) and Jinshigu Technology (China) are some of the key players profiled in the study. Cinnamic Alcohol Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Flavoring Agent, Fragrance Ingredient, Household Care, Food & Beverage, Consumer Goods, Pharmaceutical and Other |
Type | Food Grade Cinnamic Alcohol, Agriculture Grade Cinnamic Alcohol and Other |
Distribution Channel | Online,Offline |
On the basis of geography, the market of Cinnamic Alcohol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Cinnamic Alcohol
Market Growth Drivers:
Increasing Usage of Cinnamic Alcohol in Various Application and Rising Demand from Personal Care Industry
Challenges:
Lack of Awareness regrading Cinnamic Alcohol
Restraints:
Stringent Rules as well as Regulation
Opportunities:
Growing Demand from Emerging Market such as China, India, among others
Key Target Audience
Manufacturers of Cinnamic Alcohol, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Market Leaders & Development Strategies
In 2021, LANXESS completed acquisition of Emerald Kalama Chemical. Affiliates of the private equity firm American Securities LLC held the majority of the manufacturer of speciality chemicals with headquarters in the US. The necessary regulatory authorizations have all been obtained. Emerald Kalama Chemical has an enterprise value of USD 1.075 billion (EUR 900 million). The purchase price was roughly USD 1.04 billion (EUR 870 million) after liabilities were subtracted, which LANXESS funded with available liquidity.