Citronellyl Formate Market to Observe Strong Development by 2023
Citronellyl
formate also known as citronellol formate or 3,7-Dimethyl-6-octen--yl
is a chemical compound used as a fragrance ingredient. Citronellyl
formate is transparent colorless oily liquid with characteristic
odor. Citronellyl formate has fruity smell, pear, and fresh floral
odor. Although it has pungent odor, but has distinctly similar smell
of fresh floral and rose petals. Citronellyl formate is manufactured
through reaction of citronellol with formic acid. The reaction
mixture is allowed to decompose to form citronellyl formate.
Citronellol a key raw material is derived from rose, lemon grass and
geranium. Citronellol is slightly soluble in water and is unstable in
presence of oxidizing agents. The U.S. Food and Drug Administration
have approved citronellyl formate as Generally Recognized As Safe
(GRAS) for use as flavoring and fragrance agent in food &
beverage and personal care industry. Citronellyl formate finds
applications in essential oils and perfumes. Over the past few years,
there is rise in demand for citronellyl formate as it is less harmful
compared to its synthetic counterparts.
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The
market for citronellyl formate was mainly driven by perfumery and
personal care industry. Citronellyl formate is one of the key
ingredient in personal care products such as soaps, shower gels,
shampoos, roll-on and body lotions among other. Moreover, it is also
used in laundry care products such as detergent powders, acid
cleaners and cleaning agents. Due to its characteristic odor, it is
sometimes used as flavoring agent in beverages. Citronellyl formate
has sweet odor with combination of apple, peach and fruity flavor.
Due to this pleasant smell, citronellyl formate is used in incense
sticks also known as agarbattis in some parts of the world.
Furthermore, citronellyl formate is also used as a perfumery agent in
candles. Citronellyl formate is also used in essential oils or
volatile oils. These essential oils are used in aromatherapy for
healing treatments. In food & beverage industry, citrononellyl
formate is used as flavoring agents in beverages and aroma oils. In
spite of major applications in perfumery and personal care industry,
regulations from governing agencies such as U.S. FDA and EU related
to the usage of citronellyl formate is likely to hinder the market
growth. Further, a wide range of substitutes is available in the
market for citronellyl formate.
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Asia
Pacific dominated the demand for citronellyl formate in past few
years and is anticipated to show similar trend over the next few
years. China, India and Japan had the highest demand for citronellyl
formate in Asia Pacific region. Southeast Asia is likely to exhibit
higher demand for citronellyl formate owing to increasing demand for
perfumery and personal care products from countries such as
Indonesia, Singapore and Malaysia. Europe followed Asia pacific in
2013. Increasing demand from perfumery and essential oils market is
driving the demand for citronellyl formate in this region. Countries
such as Italy, France and the UK are the major consumers of
citronellyl formate in this region. However, Central and Eastern
Europe is projected to show potential market growth owing to rise in
the perfumery market. Rest of the World market is anticipated to be
the fastest growing region for citronellyl formate owing to higher
demand for perfumery products from the Middle East and South America.
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Some
of the key manufacturers and suppliers in the citronellyl formate
market are Sigma- Aldrich Corporation, Symrise AG, Elan Chemical Co.
Inc. and Triveni Interchem Pvt. Ltd. among others.
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