Hexyl Cinnamic Aldehyde Market Trends

Growth Drivers

• Growing Export and Import of Perfumes – On the accounts of rising demand for luxury and exotic fragrances, the market is expected to expand more in the upcoming years. For instance, according to research as of 2021, India exported perfume worth more than ~USD 84 million.

• Rising Cosmetic Industry – Rising demand for cosmetic and skin care accross the globe disposable income across the globe is estimated to drive market growth. Further, hexyl cinnamaldehyde is a typical ingredient used as an aroma component in the cosmetic industries. As per data, the market for cosmetics worldwide grew by more than 15% in 2022.

• Increasing Awareness about Hygiene – People are paying more attention to hygiene owing to the rising health worries in the world, this as a result is expected to boost the market growth. For instance, according to the most recent expenditure data, the percentage of people who have access to well managed sanitation rose over 50% in 2020.

• Surging Demand for Air Care Products – The increasing usage of air care products in homes, automobiles, restrooms, and other places, is anticipated to drive the market growth. By 2021, electric air fresheners are anticipated to account for more than 20% of market sales.

 Challenges

• Exorbitant Expenses for Storing Hexyl Cinnamic Aldehyde - The increasing concern amongst individuals for the high cost associated with the storage of hexyl cinnamic aldehyde is one of the major factors predicted to slow down the market growth. For instance, it is usually stored in nitrogen, which increases its cost.
• Side Effects of Hexyl Cinnamic Aldehyde - The health hazards associated with the usage of hexyl cinnamic aldehyde is one of the major factors predicted to slow down the market growth. For instance, skin dryness might result from prolonged contact, and making eye contact can cause irritation in the eyes.
• Long-Lasting Impacts that are Toxic to Aquatic Life