Cyclopentadecanolide Market Size

Cyclopentadecanolide Market size was valued at USD 13.9 Billion in 2023 and is predicted to cross USD 21.1 Billion by the end of 2036, expanding at more than 5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cyclopentadecanolide is estimated at USD 16.2 Billion.

The reason behind the growth is the rising demand for fragrances across the world. According to the International Fragrance Association released in the year 2023, farmers, the chemical industry, merchants, and makers of consumer products, all benefit from the fragrance industry's value generation and employment support. It also opens doors for our suppliers and consumers.