D-Limonene Market Share, Trend & Analysis Forecast

D-Limonene is a monocyclic monoterpene derived from several citrus oils such as orange, lemon, mandarin, lime, and grapefruit. It is basically used in chemical synthesis and as a renewable solvent in cleaning products. D – Limonene is also known as a cleaning formulation ingredient that is extracted from oils which are present in orange rinds. Owing to its pleasant citrus fragrance, D-Limonene is widely used as a flavor and fragrance additive in perfumes, chewing gums, soaps, food, and beverages. It is also listed in the Code of Federal Regulation and is considered as safe to be used as flavoring agent. Being an excellent solvent of cholesterol, d-limonene has been used clinically to dissolve cholesterol-containing gallstones. Because of its gastric acid neutralizing effect and its support of normal peristalsis, it has also been used for relief of heartburn. D-limonene has well-established chemo preventive activity against many types of cancers. Hence, it is widely used in medicinal applications. The global D-Limonene market is projected to grow at a CAGR between 5.1 to 6.1% from 2019 to 2024. Decline in usage of ozone depleting chemicals and chlorofluorocarbon (CFC) is the foremost driving factor for growth of global d – limonene market worldwide.  Furthermore, growing demand for d – limonene as a solvent for replacing toxic materials from the solvent blends is another factor boosting growth of global d – limonene market.

On the contrary, impending threat from the Myralene solvent which is available at lower costs and similar properties may significantly hamper the growth of D-Limonene market in the coming years. The global D-Limonene market has been segmented based on source, application, and geography. Based on source, the global D-Limonene market has been segmented into orange, lemon, mandarin, lime, and grapefruit. Based on applications, the global D-Limonene market has been segmented into personal care products, air care products, cleaning & furnishing care products, electrical & electronic devices, and food additives. Among various applications, personal care products accounted for major share in the global D-Limonene market in 2017 and this segment is further expected to remain dominant in the near future expanding at a CAGR between 4.4% to 5.4% from 2019 to 2024. D-Limonene is used in several personal care products such as soaps, creams, lotions, oils and perfumes among others. Other application segments are also expected to showcase significant growth thereby boost the demand for D-Limonene over the forecast period from 2019 to 2024. Based on geography, the global D-Limonene market has been segmented into North America, Europe, Asia Pacific and rest of the world region which includes Latin America, and Middle East & Africa.

Latin America accounted for the largest share in the global D-Limonene market; it is further projected to dominate the global market by 2024. North America will follow Latin America in terms of demand for D-Limonene owing to increase in the use of limonene in several end use industries. Increasing demand for d – limonene from the chemical industry has boosted market growth in the region. Other regions such as Europe and Middle East & Africa are also projected to fuel demand for d – limonene during the forecast period from 2019 to 2024. The global D-Limonene market is concentrated with leading manufacturers such as Moellhausen SPA and Florida Chemical Company having strong hold on the global market. Some of the key manufacturers of Moellhausen SPA, Florida Chemical Company, Lemon Consentrate S.L., XR-2000, Inc., Schepise Chemical Sales, LLC, Orchidia Fragrances, Sharp Methanol India Ltd, Citroflavor Essential Oils, Hunter Sales, Inc., EZclean and Frutech International., among others.