Dipentene (Limonene) Market Size

Dipentene Market Size

Dipentene Market size was more than USD 1.2 billion in 2017 and will witness 4.6% CAGR during the forecast timespan.

Global dipentene market is primarily driven by personal care products and food & beverages business across the globe. The product is used as a flavoring and fragrance additive in both the end-user industries. The citrus aroma of the product makes it a desirable choice for food processing companies. Moreover, the product has found widespread application as an ingredient in various cosmetic formulations and personal hygiene care products. Limonene market will substantially grow as a green solvent replacing petroleum-based solvents in industrial and paints & coatings applications in the coming years owing to its bio-degradability and low VOC emission. The market has immense potential to be explored as alternative to mainstream pesticides, owing to its versatile characteristics.
 

Dipentene has low level of toxicity according to the U.S. EPA. The risk of health effects following repeated limonene exposure is likely to be high during end use of the product in confined spaces and in places with limited ventilation. These factors are likely to hamper dipentene market size growth during the forecast timeframe. Additionally, the possibilities of manufacturing bio-based plastics and polymers with dipentene is being explored by many multi-national companies, which has surged product demand in past few years, ultimately resulting in high product prices for both food as well as technical grade applications.