Trans-Cinnamic Acid Market - Current Scenario and Forecast 2018-2022

MRC has published a new research-based report on Trans-Cinnamic Acid market. This comprehensive report talks about the Trans-Cinnamic Acid market in terms of definition, classification, application, forecasts, estimations regarding volume and value. It also features the present scenario and prospects with financial and industrial outlook. Moreover, it includes latest trends, current events, and strategies of leading global companies including key developments, partnerships and agreements, mergers & acquisitions, investments and expansions, etc. in addition to this; it discusses the crucial aspects like drivers, restraints, opportunities and challenges that impact the market growth.

MRC recognizes the following companies as the key players in the global trans-cinnamic acid market: BOC Sciences, Capot Chemical, Ivy Fine Chemicals, Merck, and Tokyo Chemical Industry

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Commenting on the report, an analyst from MRC team said: The latest trend gaining momentum in the market is Continuous R&D to prepare indigo dye which is less hazardous to health. Presence of synthetic indigo dye has resulted in declining use of natural dye in the textile industry. However, health issues and pollution due to synthetic dye has driven the demand for natural dyes in many countries. Keeping this in mind, scientists are trying to invent a method of producing indigo dye that is less hazardous to health with the help of continuous investment in R&D from manufacturers.

According to the report, one of the major drivers for this market is Rapid expansion of flavors and fragrance industry. Trans-cinnamic acid serves as a precursor for esters to develop fragrances. It has a spicy odor and a pungent taste suggestive of cinnamon. It is used as a flavoring agent for bakery goods, confectionaries, beverages, and toothpaste. It is also used to impart fragrance in air fresheners, soaps, and cosmetics. It is used as a blender in perfumes, especially for floral fragrances. It is used in products where a spicy character is required such as in mouthwash and chewing gums.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in crude oil prices. In the last decade, it has been noticed that crude oil prices have been fluctuating. If the price of crude oil decreases, the number of energy derivatives contract increases. However, it has heavily reduced the value-based revenue generated from these contracts.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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About Trans-Cinnamic Acid
Trans-cinnamic acid is the most commonly used derivative of cinnamic acid. It is used as a flavoring agent in cosmetics, dyes, and pharmaceuticals.

MRC’s analysts forecast the global trans-cinnamic acid market to grow at a CAGR of 6.38% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global trans-cinnamic acid market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of trans-cinnamic acid.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

MRC's report, Global Trans-Cinnamic Acid Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
BOC Sciences
Capot Chemical
Ivy Fine Chemicals
Merck
Tokyo Chemical Industry

Market driver
Rapid expansion of flavors and fragrance industry
For a full, detailed list, view our report

Market challenge
Volatility in crude oil prices
For a full, detailed list, view our report

Market trend
Continuous R&D to prepare indigo dye which is less hazardous to health
For a full, detailed list, view our report

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