The global demand for Citrus Solvents Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
The citrus solvent is a colorless liquid with a pleasant odor of oranges. It is vegetable essence extracted from citrus peels, the D-limonene. Citrus solvents are an excellent degreaser, paint thinner alternative, and can be used to replace petroleum chemicals. It is used for dewaxing waxed wooden surfaces or greasy surfaces and dissolves and dilutes most oils, resins, waxes, and oil paints. It can replace the essence of turpentine and also most mineral spirits.
Market Dynamics
Rising demand for non-volatile and non-petroleum solvents due to health and environmental concerns are major factors driving demand for citrus solvents. The citrus solvent is increasingly preferred as a replacement for mineral spirits and odorless mineral spirits. The citrus solvent can be employed wherever a paint thinner or mineral spirits are required as a natural and safer substitute. Stringent VOC limits for the paints & coatings industry and growing awareness about the benefits of citrus solvent for skin and hair health also propel market growth. However, limited raw material costs and high production costs hinder the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of citrus solvents. The growth and trends of citrus solvents industry provide a holistic approach to this study.
Market Segmentation
This section of the citrus solvents market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Insecticides
- Industrial & Domestic Cleaners
- Paints & Coatings
- Skin & Hair Care
- Printing Ink
- Others
By Sales Channel
- Direct Sales
- Modern Trade
- Specialty Store
- Mono Brand Store
- Online Retailers
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Citrus Solvents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Citrus Solvents Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the citrus solvents market include Lemon Concentrate S.L., Citrosuco S.A., Louis Dreyfus Company B.V., Sucocitrico Cutrale Ltd., Peace River Citrus Products, Archer Daniels Midland Company, Norkem Group, Citrus Oleo, and Mentha & Allied Products Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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