Limonene Polymers Market Size is Expected to Reach

Wilmington, Delaware, United States, March 10, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – According to a study by Transparency Market Research, the Limonene Polymers Market was valued at US$473.7 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% during the forecast period of 2023 to 2031.

Limonene polymers are polymer products made using limonene – a natural chemical compound found in citrus fruits such as oranges and lemons. Limonene polymers have gained popularity in recent years as they have emerged as a viable alternative to petroleum-based plastics.

Limonene comes in two forms – l-limonene and d-limonene. Both products have a different smell. The former has an orange aroma while the latter has turpentine and pine scents. End-use industries using limonene polymers include electronics, textiles, agriculture and healthcare. The main advantages of limonene polymers, which have made the product popular in several end-use industries, are low toxicity, biodegradability and excellent compatibility with a wide range of active ingredients.

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Limonene polymers have also been used in offline distribution channels such as supermarkets to package fruit and vegetables, bottles, bread bags and baking boxes, and shop windows.

The introduction of new polymers helps leading players in the Limonene Polymers market to generate revenue and gain an advantage over other players. Well-known companies work together with other players to increase their revenue share and expand their presence.

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Manufacturers are expanding their limonene polymer production capabilities to meet consumer demands in various end-use industries.

Main results of the market study

  • Increasing need to separate carbon dioxide from other gases: In recent years, concerns about climate change and the increase in greenhouse gas emissions have increased. Limonene-based polymers have been used to capture carbon dioxide and have helped reduce greenhouse gas concentrations. Limonene polymers have helped separate carbon dioxide from other gases such as methane, hydrogen, and hydrogen. This is a key process in various end-use industries.
  • Increase in demand from the packaging sector: The packaging industry has grown consistently in recent years. Limonene polymers offer gloss and superior barrier properties that make them suitable for use in various packaging solutions such as food containers and bottles. In addition, limonene polymers are resistant to food fats and oils, triggering their demand in the packaging industry and supporting the growth of the industry.
  • Increase in demand for orange-based polymers: In terms of product type, the market is categorized into orange-based polymers, pineapple-based polymers, lemon-based polymers, and others. The orange-based polymer segment held a dominant market share in 2022. Increasing demand for orange-based polymers from various end-use industries such as agriculture, packaging and healthcare due to product properties such as good oxidative and thermal stability is driving segment growth.

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Major Limonene Polymers Market Drivers

  • Increasing use of limonene polymers as flavor and fragrance additives in pharmaceutical, personal care, cleaning and cosmetic products
  • Increasing demand for highly reactive limonene polymers
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Limonene Polymers Market Regional Insights

  • The Asia Pacific market is expected to hold a dominant market share during the forecast period. It is estimated that the continued growth in the pharmaceutical and personal care end-use industries in both developed and developing economies such as China and India is fueling the demand for limonene polymers and helping to increase the market size. Due to the easy availability of land and labor, companies are likely to set up R&D centers in countries like India.
  • The market in North America is expected to see strong growth over the next few years due to advances in several end-use industries such as healthcare and agriculture, as well as the presence of leading players in the US and Canada

Limonene Polymers Market Players

The global market is consolidated and has a small number of international manufacturers. The competition may intensify as new players enter the market during the forecast period.

Well-known manufacturers are investing heavily in R&D activities to produce improved limonene polymers that meet consumer needs in various end-use industries. Increasing demand for improved products should help generate business opportunities over the next few years.
Some of the leading players in the global limonene polymers market are Huntsman International LLC, Cargill Inc., Covestro AG, Florida Chemical Company and BASF SE.

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The World Market was segmented as follows:

Product Type

  • Lemon based polymer
  • Orange based polymer
  • Pineapple based polymer
  • Other


  • electronics
  • textiles
  • Packaging
  • Agriculture
  • healthcare
  • Other
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  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

About transparency market research

Transparency Market Research, a global market research firm based in Wilmington, Delaware, USA, provides custom research and consulting services. The company examines factors that shape the dynamics of demand in different markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments are analyzed based on source, application, demographics, distribution channel, and end-use, which will drive the growth of the markets over the next decade.

Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for thousands of decision makers, enabled by experienced teams of analysts, researchers and consultants. The proprietary data sources and various tools and techniques we use always reflect the latest trends and information. With a broad research and analytical capacity, Transparency Market Research employs rigorous primary and secondary research techniques in all of its annual reports.

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