NTPC Green Energy tendered a water demineralisation plant for its planned 7GW green hydrogen-based chemicals hub in Andhra Pradesh. The project targets 2.5 million tonnes per year of hydrogen-based chemicals, adding substantial future green hydrogen supply and likely easing price pressure.
Asia
The Asian region saw Dihydro Terpinyl Acetate market undergo notable shifts during 2024. The year began with price declines resulting from reduced demand in fragrance and flavor sectors and post-holiday destocking activities. In India, prices surged temporarily in January due to festive season demand but fell sharply afterward as consumer spending on personal care products decreased. By Q2, prices continued their downward trajectory as high inventory levels persisted against subdued demand.
The third quarter brought a reversal with steady price increases driven by growing manufacturing activities in resins, fragrances, and flavors. In the final months, the market faced challenges with subdued domestic demand in sectors like paints and coatings, though the agrochemical sector provided some stability.
Europe
In Europe, Dihydro Terpinyl Acetate prices followed a complex pattern throughout 2024. The year started with a notable upward trend driven by increased demand from cosmetics and fragrance industries. However, this bullish sentiment reversed in Q2, with prices consistently dropping due to weak demand from adhesives and fragrances sectors coupled with substantial inventory levels. Suppliers offered significant discounts to clear excess stock.
The downward trend continued into Q3, with pharmaceutical and flavour industries showing reduced activity. By Q4, initial strong demand gave way to significant weakening due to economic uncertainties affecting consumer spending, with high inventory levels leading to increased pressure on prices.
North America
In North America, Dihydro Terpinyl Acetate prices experienced significant fluctuations throughout 2024. The first quarter saw notable price increases driven by strong demand from the fragrance and cosmetics sectors. This upward trend was supported by robust sales growth in beauty and personal care products. However, as the year progressed into Q2, prices began to decline due to lower feedstock costs and reduced demand from key sectors.
By Q3, the market stabilized somewhat with steady demand from fragrances and pharmaceuticals. The final quarter witnessed initial price strength during seasonal festivities, followed by a downturn as manufacturers dealt with oversupply issues amid waning demand. Throughout the year, operational costs and supply chain disruptions influenced pricing dynamics.
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Dihydro terpinyl acetate is derived from terpineol, a natural monoterpene alcohol found in essential oils like pine oil and cajuput oil. It is commonly used in the fragrance industry as a versatile ingredient due to its pleasant floral and citrus-like aroma. Dihydro terpinyl acetate serves as a key component in perfumes, cosmetics, soaps, detergents, and air fresheners.
The price trend of dihydro terpinyl acetate thus followed the market trends observed in the pine oil and fragrance industries. During the third and fourth quarters, the cost of natural oils and their derivatives, such as dihydro terpinyl acetate, inclined in a northward direction. This steep rise in prices was based on the limited availability of raw materials and strong demand, especially from the FMCG sectors.
In Asian countries such as India, the consistent rise in export interest and depreciation of the rupee in the market also influence the surge in dihydro terpinyl acetate prices in domestic as well as overseas markets. Further, in terms of production, limited supplies from the overseas nations and insufficient domestic produce led to a substantial fall in manufacturing activities which widened the gap between supply and demand and altered its equilibria.
Dihydro Terpinyl Acetate is known for its fresh, warm, pine-woody fragrance. It is a colorless clear liquid with mildly herbaceous odour. Some of the areas or products where it is widely or extensively utilised are deodorants, perfumes and colognes.
C12H22O2
Fragrances, Colognes, Deodorants, Perfumes, Soaps , Shampoos, Cosmetics, Fabric softener and hard surface cleaner
Menthanyl Acetate, 2-(4-methylcyclohexyl)propan-2-yl acetate, Dihydro-alpha-terpinyl acetate
Penta Manufacturing Company, Berjé Inc., Ernesto Ventós, S.A., EXTRASYNTHESE
CurrencyUS$ (Data can also be provided in local currency)
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