Global Hexyl Cinnamal Market: Overview and Dynamics
Hexyl Cinnamal is a sweet-smelling chemical which is frequently appearing as a pale yellow liquid with a sweet jasmine odor. Hexyl cinnamal is a common chemical flavor used in the perfume and cosmetic industry as an odour substance. Other most used trade names of Hexyl Cinnamal are α-Hexyl cinnamaldehyde and 2-benzylideneoctanal.
In the past half-decade, rampant growth was observed in the perfumes industry. Multiple entrants of perfume industry have put their foot in the high potential market. Moreover, increased production of the perfumes was observed over the same period.
Hexyl Cinnamal is frequently used in the cosmetic industry as an aroma substance in bundle of products channeled across the globe. Key product lines derived from the hexyl cinnamal are hair care, skin care and other products. Key consumers procuring the hexyl cinnamal for manufacturing bundle of cosmetic and personal care products are Avon, Garnier, L’Oreal, Unilever, P&G, Coty & other medium and small scale cosmetic manufacturers.
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Haircare to Dominate the Demand Pie of the Hexyl Cinnamal Market
Hexyl Cinnamal is extensively used in manufacturing hair care products such as hair oil, cocoa butter, shampoo, and hair sprays. Over the past half-decade, hexyl cinnamal has clearly gained market space by expanding its arm into the haircare market. Key hair care manufacturers consuming the hexyl cinnamal are
- L’Oréal
- Unilever
- P&G
- Garnier
- Vaseline
- Nivea
- and others. Revenues of these firms over the same period has bolstered at a higher single-digit CAGR paving way for the hexyl cinnamal market growth
Global Hexyl Cinnamal Market: COVID-19 Impact Insights
Covid-19 expressively wedged on the global Hexyl Cinnamal market. COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe. So, the growth from this 2020 year was low for Hexyl Cinnamal market as compared to the previous years. Because of Covid-19, cosmetic industry and chemical industry have observed a partial shut-down affecting the production balance of the hexyl cinnamal. In the Q2 and Q3, revenues firms channeling the hexyl cinnamal to chemical and cosmetic industry have observed a major drop down affecting their short-term strategies.
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Global Hexyl Cinnamal Market: Regional Outlook
Based on regional segmentation, hexyl cinnamal market could be fragmented into six different regions which includes North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. Europe is the dominant player in global Hexyl Cinnamal market. Europe cooperatively accounts for 35% market shares. The growth of the cosmetic industry and perfumes in Europe is awaited to driven by many more factors. Germany is a major player in European Hexyl Cinnamal market.
Followed by Europe, Asia-Pacific is the second dominant player in global Hexyl Cinnamal market. The Asia-Pacific region is estimated to burgeon at the highest growth rate during the forecast period. Growing population in the developing countries in the Asia-Pacific region such as China, India and Indonesia are the prominent contributor for enhancing the growth of Hexyl Cinnamal market in Asia-Pacific region. The companies such as
- Eternis Fine Chemical Ltd.
- Katyani Exports
- Haihang Industry Co., Ltd.
- Vee Kay International
- Tennants Fine Chemicals
- Kunshan Odowell Co., Ltd are the major players in Asia-Pacific Hexyl Cinnamal Market.
Global Hexyl Cinnamal Market: Key Players
Being a moderately consolidated Hexyl Cinnamal market, players have a dominant presence across regions through efficient distribution networks.
- Emerald Kalama Chemical
- Eternis Fine Chemical Ltd.
- Katyani Exports
- Haihang Industry Co., Ltd.
- Vee Kay International
- Tennants Fine Chemicals
- Kunshan Odowell Co., Ltd
- and other key players are amongst the prominent players in Hexyl Cinnamal market accounting for over 60% of the market revenues.
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