Rising U.S. demand for Korean cosmetics, fueled by retail expansion and social media, is accelerating. The category's lower price points compared with prestige skincare risk pulling down average spending in the cosmetics market as consumers shift toward more affordable options.
Indian FMCG companies reported price increases for soaps and other products during the April-June quarter due to rising raw material costs and geopolitical disruptions. Analysts expect margin pressure to intensify in Q2 but note that recent crude oil price declines may ease future cost increases.
In 2024, the price trend for dihydro myrcenol experienced significant fluctuations influenced by various market dynamics. Dihydro myrcenol, derived from turpentine as its primary feedstock, has seen its prices rise and fall due to changes in supply and demand across different regions.
In North America, strong performance in the construction sector and increased commercial activities in February and March drove up demand, resulting in higher prices. This was despite initial slowdowns caused by adverse weather conditions and rising production costs in January.
Conversely, in Asia, particularly India, prices declined early in the year due to reduced demand from the paint and coating industries and a seasonal construction slowdown. However, as demand began to recover, there was some price support, though an oversupply of inventories quickly mitigated these gains.
Dihydro myrcenol's applications in fragrances, personal care products, and household cleaners ensure steady demand, yet the volatility in its feedstock supply and regional economic activities have led to mixed market sentiments. Overall, the pricing of dihydro myrcenol in 2024 reflected the delicate balance of these factors, showcasing a trend marked by significant regional variations and an overall complex supply-demand scenario.
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Dihydro myrcenol is an important component of the fragrance and flavor industries, which in turn drives its pricing trajectory. Dihydro myrcenol’s high demand is based on its usage in household goods, cosmetics, and perfumes. Its significance in industrial operations is further increased by its function as a precursor in producing many compounds. Dihydro myrcenol has been steadily growing in the industrial sector due to changing customer preferences for natural and sustainable components.
During the third and fourth quarter of 2023, the global dihydro myrcenol market witnessed a price downturn due to reduced demand within the fragrance industry, reflecting a significant slowdown amidst inflationary pressures, particularly in the United States.
The primary driver behind oscillating dihydro myrcenol sales figures was the sluggishness in the American fragrance sector. Additionally, economic challenges, including inflation, constrained consumer spending on high-end home fragrances and personal care items, directly affecting dihydro myrcenol demand. Further, an oversupply of the product exaggerated the downturn. In view of this, the profit margins were lowered by manufacturers and traders.
In the APAC region, the regulatory efforts by the Indian government to standardize fragrance products enhanced their global competitiveness and boosted export rates. In accordance to the market challenges, standardization by the government somehow stabilized the dihydro myrcenol industry in the Asian countries.
Dihydro Myrcenol is basically known as a monoterpenoid, which is oct-7-en-2-ol. It is often substituted by methyl groups at positions 2 and,6 respectively. It is extensively used in soap fragrances as it imparts a powerful, fresh lime-like, citrusy-floral and sweet odour with little or no terpenic undertones. It also plays a role as a metabolite. It is a monoterpenoid and a tertiary alcohol.
C10H20O
Intermediates, Odour Agents, Air Care Products, Cleaning and Furnishing Care Products, Laundry and Dishwashing Products, Paper Products, Personal Care Products
2,6-Dimethyloct-7-en-2-ol, 7-octen-2-ol, 2,6-dimethyl
De Monchy Aromatics, Privi Organics India Limited, Neeru Enterprises, Utkarsh Aromas, Foreverest Resources Ltd.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, first alpha-pinane is hydrolised. After completing the hydrogenation process, the next step is to pyrolyze the resulting alpha-pinane to form a mixture of hydrocarbons including Dihydro Myrcenol, which is separated and refined to obtain the desired product.
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