Global limonene market size is anticipated to exceed 65 kilo tons by 2023

Cleaning application accounted for more than 45% of the total demand in 2015 and is likely to grow at steady rates up to 2023.
U.S. limonene market size was dominant and accounted for over 50% of the total demand in 2015. Central and South America, mainly driven by Brazil economy and orange production & export, is likely to be the fastest growing region up to 2023.

Request for an in-depth table of contents for this report @ http://bit.ly/2fKukyR

Increase in workplace safety awareness coupled with decrease in chlorofluorocarbons (CFCs) and ozone depleting chemicals usage is likely to drive limonene market growth trend. It is an effective solvent for directly replacing toxic component in existing solvent blends. For e.g., d-limonene is substituted for 1,1,1-tri-chor or xylene in blends.

The limonene market price trend experiences fluctuation which is expected to squeeze company profit margins. This is likely to challenge industry growth and price management efforts by manufacturers and blenders which use the product in degreasers or citrus cleaner applications. This is due to the orange production lag owing to innumerable weather which creates supply demand deficit.

Some halogenated hydrocarbon solvents can cause adverse health effects for workers. Their use is curtailed under regulations or eliminated. Also, many solvents are flammable, thereby restriction use in situations where explosion and fire are safety concerns. Manufacturers are increasing preferring to green solvents, particularly, d-limonene to avoid the potential hazards. Global green solvent market size was over 2.5 million tons in 2015 and is likely to reach over 3.3 kilo tons by 2023, growing at a CAGR of more than 4.2%.

Make an inquiry for purchasing this @ http://bit.ly/2fiJQkR


It is extracted from natural sources such as citrus fruit peels and its use as cleanin solvent doesn’t cause any environemetal harm. It is an excellent replacement for toxic based solvents such as methyl ethyl ketone (MEK), xylene, CFCs and freon. It is also non-reactive and non-caustic to metal surfaces.

The global limonene market share is characterized by competition based on prices and service provided to clients. Major industry participants are based in the U.S. and Brazil. Major companies include Florida Chemical Company, Lemon Consentrate S.L., XR-2000, Inc. and Schepise Chemical Sales, LLC. Other prominent players include Orchidia Fragrances, Sharp Methanol India Ltd, Citroflavor Essential Oils, Hunter Sales, Inc., EZclean and Frutech International.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States

This release was published on openPR.