Market Overview:
The global terpinolene market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for terpinolene from various applications such as essence formula, preservatives, industrial solvent, and others. In addition, the growing demand for terpinolene from regions such as North America, Latin America, Europe Asia Pacific and Middle East & Africa is also contributing to the growth of this market. However, factors such as volatility in prices and stringent regulations are restraining the growth of this market.
Product Definition:
Terpinolene is a terpene that has a sweet, woody aroma. It is found in many plants, such as tea tree oil, mints, and conifers. Terpinolene has been shown to have antimicrobial and antioxidant properties.
Industrial Grade:
Industrial grade is a type of specialty chemical that has wide applications in various industries. It is used as an intermediate and a feedstock for manufacturing several chemicals such as terpinolene, diphenolic acid, and other derivatives. Terpinolene which has the maximum usage rate globally is manufactured using industrial-grade pinenes.
Cosmetics Grade:
Cosmetics grade is a product that has been used in the manufacturing of personal care products. It is also used as an ingredient for other end-use industries such as pharmaceuticals and food & beverage. The cosmetics grade term refers to the quality of ingredients or substances rather than finished products themselves.
The cosmetic industry has witnessed significant growth over the past few years on account of increasing demand from emerging economies, changing lifestyles,.
Application Insights:
Essence formula was the largest application segment in 2017 and is projected to witness a CAGR of XX% over the forecast period. Terpinolene-based essential oils have antifungal, antibacterial, and antioxidant properties which make them suitable for use in various formulations including personal care products. The demand for these compounds from personal care product manufacturers is expected to drive growth over the coming years.
The preservatives segment emerged as another key application area with a market value of USD 56 million in 2017 owing to increasing demand from food & beverage producers particularly fruit juices who are looking for natural ingredients that can preserve food flavors and aromas without any added chemicals or artificial flavorings.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of Terpinolene producing countries such as China, India, Japan and South Korea is one of the major factors contributing to regional growth. In addition, increasing demand for essential oil from various end-use industries including cosmetics has been driving product demand in this region.
China was estimated as possessing around 50% share in terms of production capacity owing to easy availability of raw materials coupled with low labor cost involved in its extraction process. It also produced approximately 80% total Terpinolene consumed globally on account off easy access to natural resources coupled with large scale industrialization that took place during past few decades resulting into high penetration rates for cosmetic products especially perfumes manufactured within country which further drives product consumption worldwide (Holtzman & Perrine 2005).
Growth Factors:
- Increasing demand for terpinolene in the flavor and fragrance industry as a natural ingredient for various products such as perfumes, soaps, and candles.
- Growing popularity of aromatherapy as a method to improve overall health and well-being. Terpinolene is often used in aromatherapy to promote relaxation and stress relief.
- Rising demand from the medical cannabis industry for use in production of terpenoid-rich extracts with therapeutic benefits.
- Increasing awareness among consumers about the benefits of using natural ingredients in personal care products instead of synthetic chemicals. This is driving demand for terpinolene-containing products such as skin care creams, lotions, and shampoos/conditioners . 5) Growing interest among researchers in exploring the potential therapeutic benefits of terpinolene and other terpenoids derived from cannabis plants
Scope Of The Report
Report Attributes
Report Details
Report Title
Terpinolene Market Research Report
By Type
Industrial Grade, Cosmetics Grade, Other
By Application
Essence Formula, Preservatives, Industrial Solvent, Other
By Companies
Nippon Terpene (Japan), Mentha & Allied Products (India), HTPPL (India), Sumesh Terpene Industries (India), Jiangxi Hessence (China), Fujian Sanming Yuanyi Perfumery (China), GuangDong Pine Forest Perfume (China), GuangXi Sino Consumer Products (China), Jishui Natural Essential Oil Factory (China), Sky Dragon Fine-Chem (China), Deqing Wansong Forestry Perfume (China), Guangdong Senyu Forestry Chemicals (China), Fujian Minshan Chemical (China)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Terpinolene Market Report Segments:
The global Terpinolene market is segmented on the basis of:
Types
Industrial Grade, Cosmetics Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Essence Formula, Preservatives, Industrial Solvent, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nippon Terpene (Japan)
- Mentha & Allied Products (India)
- HTPPL (India)
- Sumesh Terpene Industries (India)
- Jiangxi Hessence (China)
- Fujian Sanming Yuanyi Perfumery (China)
- GuangDong Pine Forest Perfume (China)
- GuangXi Sino Consumer Products (China)
- Jishui Natural Essential Oil Factory (China)
- Sky Dragon Fine-Chem (China)
- Deqing Wansong Forestry Perfume (China)
- Guangdong Senyu Forestry Chemicals (China)
- Fujian Minshan Chemical (China)
Highlights of The Terpinolene Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Cosmetics Grade
- Other
- By Application:
- Essence Formula
- Preservatives
- Industrial Solvent
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Terpinolene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Terpinolene is a hydrocarbon found in crude oil and natural gas. It is colorless to light yellow, with a faint odor of turpentine. Terpinolene has low boiling point and low vapor pressure, making it difficult to extract from the ground.
Some of the major players in the terpinolene market are Nippon Terpene (Japan), Mentha & Allied Products (India), HTPPL (India), Sumesh Terpene Industries (India), Jiangxi Hessence (China), Fujian Sanming Yuanyi Perfumery (China), GuangDong Pine Forest Perfume (China), GuangXi Sino Consumer Products (China), Jishui Natural Essential Oil Factory (China), Sky Dragon Fine-Chem (China), Deqing Wansong Forestry Perfume (China), Guangdong Senyu Forestry Chemicals (China), Fujian Minshan Chemical (China).
The terpinolene market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Terpinolene Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Terpinolene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Terpinolene Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Terpinolene Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Terpinolene Market Size & Forecast, 2018-2028
4.5.1 Terpinolene Market Size and Y-o-Y Growth
4.5.2 Terpinolene Market Absolute $ Opportunity
Chapter 5 Global Terpinolene Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Terpinolene Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Cosmetics Grade
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Terpinolene Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Terpinolene Market Size Forecast by Applications
6.2.1 Essence Formula
6.2.2 Preservatives
6.2.3 Industrial Solvent
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Terpinolene Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Terpinolene Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Terpinolene Analysis and Forecast
9.1 Introduction
9.2 North America Terpinolene Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Terpinolene Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Cosmetics Grade
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Terpinolene Market Size Forecast by Applications
9.10.1 Essence Formula
9.10.2 Preservatives
9.10.3 Industrial Solvent
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Terpinolene Analysis and Forecast
10.1 Introduction
10.2 Europe Terpinolene Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Terpinolene Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Cosmetics Grade
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Terpinolene Market Size Forecast by Applications
10.10.1 Essence Formula
10.10.2 Preservatives
10.10.3 Industrial Solvent
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Terpinolene Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Terpinolene Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Terpinolene Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Cosmetics Grade
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Terpinolene Market Size Forecast by Applications
11.10.1 Essence Formula
11.10.2 Preservatives
11.10.3 Industrial Solvent
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Terpinolene Analysis and Forecast
12.1 Introduction
12.2 Latin America Terpinolene Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Terpinolene Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Cosmetics Grade
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Terpinolene Market Size Forecast by Applications
12.10.1 Essence Formula
12.10.2 Preservatives
12.10.3 Industrial Solvent
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Terpinolene Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Terpinolene Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Terpinolene Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Cosmetics Grade
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Terpinolene Market Size Forecast by Applications
13.10.1 Essence Formula
13.10.2 Preservatives
13.10.3 Industrial Solvent
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Terpinolene Market: Competitive Dashboard
14.2 Global Terpinolene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Terpene (Japan)
14.3.2 Mentha & Allied Products (India)
14.3.3 HTPPL (India)
14.3.4 Sumesh Terpene Industries (India)
14.3.5 Jiangxi Hessence (China)
14.3.6 Fujian Sanming Yuanyi Perfumery (China)
14.3.7 GuangDong Pine Forest Perfume (China)
14.3.8 GuangXi Sino Consumer Products (China)
14.3.9 Jishui Natural Essential Oil Factory (China)
14.3.10 Sky Dragon Fine-Chem (China)
14.3.11 Deqing Wansong Forestry Perfume (China)
14.3.12 Guangdong Senyu Forestry Chemicals (China)
14.3.13 Fujian Minshan Chemical (China)
