Dipentene (Limonene) Market Analysis

Dipentene Market Analysis

Dipentene is sold across continents in majorly two grades; food and technical. Technical grade is also known as industrial grade in different regions. Technical grade will be the fastest growing segment amongst the two in the coming years. It can be attributed to its application in various end-user industries such as paints & coatings, household cleaning, rubber, chemicals, electronics, etc. The product is increasingly becoming preferred choice in paints industry, where the end-user is marine vessels. General cargo tankers, submarines, ships are drifting towards paints & coatings which are aquatic life friendly. Enamels and lacquers made from petrochemicals emit VOC in water that causes water pollution and poses threat to aquatic animals. Varnishes and paints made from technical grade dipentene will be a green alternative to these conventional paints and help in reducing water pollution.
 

Food grade held the largest share in global dipentene market in 2017 due to its particular citrus aroma which makes it an active ingredient for essential oils. Food grade dipentene is also used in making various drugs owing to its antioxidant and anti-inflammatory properties. The expansion of hypermarket and supermarket retail format has driven demand for processed food and drinks. Consumers are actively looking for foods that are mostly ready-to-eat and healthy also. This drifting trend has created demand for pool of products which are processed with natural ingredients. This shall create elevated food grade demand for dipentene in the coming years.
 

Chemicals accounted for the largest share in global dipentene market in 2017. Dipentene has numerous applications in chemical industries and other manufacturing plants. It includes its use as a chemical intermediated, degreaser, cleaner and solvent. Dipentene can be used as release agent which can be sprayed on asphalt trucks’ beds before picking loads for easy unloading.
 

Paints & coatings application has enormous demand in automotive and construction sector. It is also witnessing rising demand from marine vessels industry. Paints & coatings are necessary to new as well as recycled components/machines or parts. Dipentene is used as a fragrant alternative to turpentine, and also as a paint stripper. Most paint formulations use a combination of solvent carriers to spread the product over a desired area. Generally, dipentene can be used as the carrier as an alternative to other petroleum-based solvents, often with resulting in reduction in volume of solvent used.
 

North America was the largest region in global dipentene market in terms of volume and value in 2017. U.S. is among the top 10 citrus fruit producers in the world, hence a large volume of fruits is processed to yield limonene and other fruit oils which are used in various personal care products. Dipentene is widely used in cosmetics such as moisturizers, sunscreen, skin care creams, lipsticks, etc. and U.S. is home to some chief cosmetic producers in the world. Consumers in the U.S. are more aware about the benefits of natural ingredients in cosmetics and have preferences shifting towards bio-degradable products, which will be a prime driver in propelling product demand in the coming years.
 

Asia Pacific will grow at substantial rates in the coming years due to rising citrus fruit production in China, India, Indonesia, Malaysia, etc. The dipentene production shall witness significant increase in terms of volume due to increasing production plants of multi-national companies which have planned product penetration in these countries. Sturdy growth of end-user industries of dipentene in Asia Pacific will positively influence product demand during the forecast timeframe.