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Citronellyl Formate Market Estimated to Experience a Hike in Growth by 2023

08-23-2018 01:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports
Citronellyl Formate Market Estimated to Experience a Hike

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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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.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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