Para-menthane-3, 8-diol (PMD) Market By Type (Food Grade, Pharma Grade, and Industrial Grade), By Application (Insect Repellent Spray, Repellent Liquid, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Para-menthane-3, 8-diol (PMD) is an organic compound classified as a diol and a terpenoid. Para-menthane-3, 8-diol is primarily extracted from the essential oils of the Eucalyptus plant and is a natural product. Para-menthane-3, 8-diol (PMD) is found as a natural ingredient in insect repellent products.

Market Dynamics

The rising volume of insects from human sewage in congested city areas and the increasing need to adopt natural ingredients for insect repellent products are the primary factors driving the market growth. The growth in the population of people shifting towards cities and towns for better living opportunities have increased the volume of sewage generation, which has become a large-scale breeding ground for all types of insects. The demand for para-menthane-3, 8-diol has subsequently increased in such areas, as it is quite effective in driving away insects. PMD is a natural organic product with minimal side-effects such as skin irritation, which has also influenced its adoption and demand. The rising consumer preference for natural products over chemical substances would further propel the market growth prospects over the forecast period. However, the threat of product substitution from electronic & ultrasonic repellents might hamper market growth prospects. The easy availability of commercial ultrasonic repellents might hinder the chances of market growth. The consistent innovation and development of electronic insect repellent products have caught the attention of consumers, which might act as barriers to the growth of the market. The rapid rate of urbanization and industrialization in developing countries leading to the proliferation of insects would provide lucrative opportunities for the market in the coming years. The need to maintain cleanliness and sanitation of residential and commercial complexes in high population density areas would provide key market vendors with new opportunities of product application and business expansion over the forecast period.
 
Market Segmentation

The global Para-menthane-3, 8-diol (PMD) market is mainly classified based on Type and Application. Type is further segmented into Food Grade, Pharma Grade, and Industrial Grade. By Application, the market is divided into Insect Repellent Spray, Repellent Liquid, and Others.
The Pharma Grade segment by Type holds a considerable share in terms of overall market value and volume owing to the rapid application of para-menthane-3, 8-diol (PMD) into pharmaceutical insect repellent products. The use of PMD ensures the elimination of side effects such as skin irritation owing to its natural organic composition, which would further propel the growth of the segment.

In terms of volume, the Repellent Liquid consumption by Application is poised to garner 689.3 MT; growing at a CAGR of 4.2% during forecast period. The high consumer demand for liquid insect repellent products for direct application on the skin with minimal side-effects would influence the segment growth in the coming years.

Regional Analysis

Based on geography, the global Para-menthane-3, 8-diol (PMD) market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America. At the same time, the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a leading region in terms of overall production volume owing to the establishment of expansive manufacturing facilities catering to the global needs of the consumers. The consistent investments into an extension of production plants would further improve the regional growth of the market during the forecast period.

Competitive landscape
The Para-menthane-3, 8-diol (PMD) market is moderately consolidated, with several players operating with globally expansive production and distribution capabilities, even in remote areas. The establishment of state-of-the-art facilities being run by top players would further intensify the market competitiveness.

Key players operating in the Para-menthane-3, 8-diol (PMD) industry include Citrefine International Limited, Nanning Venusson Bio-Technology Co., Ltd., Foreverest Resources Ltd., Jiangxi Global Natural Spice Co., Ltd., BOC Sciences, Hangzhou Fanda Chemical Co., Ltd, and Shanghai Meryer Chemical Technology Co., Ltd.

The extension of manufacturing abilities through the expansion of production plants and the formation of strategic partnerships for new business opportunities are the primarily followed business strategies of the top players looking to capture substantial market share during the forecast period.

Para-menthane-3, 8-diol (PMD) Market Key Segments:

By Type
• Food Grade
• Pharma Grade
• Industrial Grade

By Application
• Insect Repellent Spray
• Repellent Liquid
• Others

Key Global Para-menthane-3, 8-diol (PMD) Industry Players
• Citrefine International Limited
• Nanning Venusson Bio-Technology Co., Ltd.
• Foreverest Resources Ltd.
• Jiangxi Global Natural Spice Co., Ltd.
• BOC Sciences
• Hangzhou Fanda Chemical Co., Ltd
• Shanghai Meryer Chemical Technology Co., Ltd.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Para-menthane-3, 8-diol (PMD) Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising volume of insects from human sewage in congested city areas
3.3.2. Increasing need to adopt natural ingredients for insect repellent products
3.4. Restraints
3.4.1. Threat of product substitution from electronic & ultrasonic repellents
3.5. Opportunity
3.5.1. Rapid rate of urbanization and industrialization in developing countries leading to the proliferation of insects
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Food Grade
4.2.1. Market Size & Forecast
4.3. Pharma Grade
4.3.1. Market Size & Forecast
4.4. Industrial Grade
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Insect Repellent Spray
5.2.1. Market Size & Forecast
5.3. Repellent Liquid
5.3.1. Market Size & Forecast
5.4. Others
5.4.1. Market Size & Forecast

6. Para-menthane-3, 8-diol (PMD) Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Para-menthane-3, 8-diol (PMD) Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Para-menthane-3, 8-diol (PMD) Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Para-menthane-3, 8-diol (PMD) Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Para-menthane-3, 8-diol (PMD) Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Para-menthane-3, 8-diol (PMD) Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Citrefine International Limited
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Citrefine International Limited Product Category, Application, and Specification
7.1.3. Citrefine International Limited Financial Performance (2015-2019)
7.1.4. Main Business/Business Overview
7.2. Nanning Venusson Bio-Technology Co., Ltd.
7.3. Foreverest Resources Ltd.
7.4. Jiangxi Global Natural Spice Co., Ltd.
7.5. BOC Sciences
7.6. Hangzhou Fanda Chemical Co., Ltd
7.7. Shanghai Meryer Chemical Technology Co., Ltd.