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The prospect of synthetic Menthol crystal is broad in China market


Peppermint menthol crystal, also known as menthol, is extracted from peppermint. Menthol is colorless or white crystal in appearance, easy to burn and has special aroma. It is slightly soluble in water and easily soluble in some organic solvents such as ethanol, ether and chloroform. Menthol has the functions of flavoring, cooling, sterilization and anticorrosion. It can be used in food, medicine, daily chemical and other fields for the production of beverages, sweets, cigarettes, cooling and antipruritic drugs, nasolaryngeal inflammatory drugs, toothpaste, perfume, cosmetics and so on.

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There are many menthol isomers, mainly l-menthol, by racemic isomer (DL menthol). L-menthol has both mint aroma and cooling effect. It is the main product type in the menthol market, accounting for more than 95%.

Menthol can be produced by natural purification method and chemical synthesis method. Among them, the output of natural purification method accounts for about 70% and that of chemical synthesis method accounts for about 30%. The yield of menthol by natural purification method is easily affected by factors such as mint planting area, mint harvest season and climate. The yield of chemical synthesis method is stable and the proportion is continuously expanding.

According to the in-depth market research and investment prospect prediction analysis report of menthol industry from 2021 to 2025 released by xinsijie Industrial Research Center, the global menthol market scale will be about 28 billion yuan in 2019. It is expected that the growth rate will be about 5% in the next five years, and the market scale will reach about 37.5 billion yuan by 2025.

Menthol is mainly produced by natural purification in China. The development of China's synthetic menthol industry is backward, there are basically no large enterprises, and the demand for synthetic menthol depends on import. In the global market, synthetic menthol manufacturers mainly include Takasago in Japan, symrise in Germany, BASF in Germany, etc.

The demand for menthol in China's market is growing, but the domestic market is in short supply. The import of menthol in China is increasing, mainly synthetic menthol. China is also a major exporter of menthol. It mainly exports natural and purified menthol. Due to its excellent quality, its export unit price is high. Since 2016, menthol has been one of the top three export products of plant extracts in China. However, China is a net importer of menthol because its import volume is greater than its export volume.

New thinking industry analysts said that menthol is widely used in food, medicine, daily chemical and other industries, and the demand is growing. L-menthol is the main product type. China's menthol industry is mainly produced by natural purification method with high product quality. It is a high-quality product in the global menthol market. However, the domestic output is limited. In addition to supplying domestic demand, it is also supplied to overseas markets. Therefore, the domestic market is in short supply, and the import of menthol is increasing. The menthol imported from China is mainly synthetic menthol. At this stage, the production capacity of synthetic menthol in China is weak, and there is a large space for the development of the industry in the future.