Dipentene Market Analysis Report, Regional Outlook, Competitive Analysis & Forecast by 2017 - 2024.

The prime growth driver for global dipentene market is the booming food & beverage industry. The extensive use of the product in foods and flavors as additives will hike its demand in the coming future. In addition, the rise in disposable income of consumers, growing awareness about personal health and hygiene around the globe, especially in developing countries is anticipated to positively influence the cosmetics and household products market. This will subsequently augment the global dipentene market size. Furthermore, steadily growing automobile and building & construction industry will boost the paints & coatings and rubber industry in the forthcoming years, which shall subsequently accelerate the global product demand.

Dipentene Market size is likely to witness exponential growth, expanding at a prominent CAGR of close to 5% over the forecast period.

Dipentene, commonly known as limonene, is a type of terpene liquid, belonging to the class of hydrocarbons. It is generally found in liquid state in plants and has a typical lemon-like odor. The product can be used as both, intermediary or end-product. Due to the peculiar fragrance that it possesses, the product is widely used in formulation of fragrances and flavors.

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In recent years, dipentene has caught attention worldwide as an alternative to D-limonene in numerous applications such as solvent carrier for paints and adhesives industry. It is also being increasingly used as a substitute for toxic chlorinated solvents. It is being used in wax removal, degreasing and oil extraction. Among all the available substitutes for D-limonene in the market, the operational costs associated with production of dipentene is cost effective and economical. This makes it easy for market players to manufacture and refine it for making further higher end products.

With technological advancements in manufacturing processes, companies now, can employ effective methods for efficient production of dipentene in bulk so that it helps them to have upper hand when it comes to competition in global market. This can be an opportunity for manufacturers to gain a better hold on consumers and a fair share in global product market.

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The major areas of application of dipentene are rubber, paints and coatings, industrial, food & beverage, household care and cosmetics industry, basically all those fields where fragrance plays a vital role in the acceptability of the product. Perfume and fragrance industry breathes on essential oils which have dipentene as an important constituent. The product is widely used in expanding the variety of aromas. In food & beverage industry, dipentene is primarily used as flavoring agent and additive. Various natural and synthetic flavoring substance need dipentene during preparation.

The product has extensive usage as an adhesive agent for rubber treatment, coatings, plastics, inks and printing electronic circuits. This can be attributed to its high-performance properties such as good heat resistance, superior solvency and excellent dispersing & wetting properties. The product is also used as an intermediate for preparation of terpene resins and carvone. Dipentene has exceptional penetrating ability to clean soils, hence widely used in several processes in plastic industry. In paints industry, it is majorly used in paint varnishes, thinners and oil paint colors.

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Asia-Pacific was the leading manufacturer and consumer of dipentene in 2016. The increasing number of rubber industries in India, China and Japan is likely to propel the product demand in this region. Due to the presence of numerous processing units in UK and Germany, Europe is the next big consumer of dipentene in the forecast timespan. The rising consumption levels of dipentene in U.S is expected to offer ample growth opportunities for the market share contributors to establish their hold on consumers in North America. In regions, such as Latin America and Middle East & Africa, the product market is expected to register a moderate growth rate as there are less number of manufacturing and processing units in this region as compared to others.

The key players in dipentene market are Himachal Terpene Products, Mentha & Allied Products Private Limited, Green Pine Industries, Opus Lubricants, Interstate Commodities Corporation and Brenntag. Other manufactures include Seidler Chemical Company and Millenium Specialty Chemicals.

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