NTPC Green Energy tendered a water demineralisation plant for its planned 7GW green hydrogen-based chemicals hub in Andhra Pradesh. The project targets 2.5 million tonnes per year of hydrogen-based chemicals, adding substantial future green hydrogen supply and likely easing price pressure.
Rising U.S. demand for Korean cosmetics, fueled by retail expansion and social media, is accelerating. The category's lower price points compared with prestige skincare risk pulling down average spending in the cosmetics market as consumers shift toward more affordable options.
Menthol markets remained firm during April and May due to low carryover inventories, reduced Indian mint oil availability and delayed arrival of fresh crop material. Natural menthol production depended on Mentha arvensis oil supply, with harvesting timing, moisture conditions and steam distillation affecting oil recovery. An estimated 80–85-day gap before meaningful new oil availability increased supply concerns among pharmaceutical, flavour, fragrance and personal-care buyers. Heatwave conditions in northern India during late May increased crop uncertainty, although no confirmed production loss was reported. Fresh harvesting and distillation improved supply conditions in June, reducing immediate pressure. Beverage, confectionery and oral-care applications also supported consumption. However, slower Chinese chemical-sector growth reduced restocking activity among flavour, fragrance and ingredient manufacturers. Higher synthetic menthol production capacity following a new European plant start-up improved supply flexibility and limited further price increases.
Analyst Insight
According to Procurement Resource, menthol prices are expected to remain stable as new Indian crop material improves availability, while pharmaceutical and personal-care demand continues to support the market.
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Throughout Q4’25, the prices of Menthol recorded a firm and gradually increasing trend, largely due to the support received from the demand and supply dynamics. In the case of India, the market depicted consistent month-on-month increases throughout the period. The demand for the product from the oral care segment, pharmaceuticals, confectionery, and personal care segments was healthy and helped sustain the demand situation.
In the case of supply, the production situation was normal throughout the period. However, the supply situation was not very high since the supply was regulated and controlled. The buying strategy adopted was cautious, and the purchases made did not include bulk buying. The purchases made were entirely based on the requirements. Even though the buying strategy was cautious and controlled, the prices depicted an increasing trend throughout the period.
In Asia, especially in key manufacturing hubs, strong domestic output helped maintain market balance. Export activity remained steady, while seasonal factors and raw material trends had a mild influence on sentiment. In North America, demand from healthcare and consumer goods sectors supported stable market conditions, with no major supply concerns reported. Overall, Q4’25 reflected a stable-to-firm Menthol market, where balanced fundamentals prevented sharp volatility but supported gradual price improvement.
Menthol is basically an organic compound that is made synthetically or derived from peppermint or mint oils with flavouring and local anaesthetic properties. When added to pharmaceuticals and foods, menthol functions as a fortifier for peppermint flavours. It is a waxy, crystalline substance. In appearance, it is clear or white in colour.
C10H20O
Odour agent, Air care products, Furnishing care products, Laundry and dishwashing products, Personal care products
2216-51-5 (chiral), 5-Methyl-2-(propan-2-yl) cyclohexan-1-ol, 2-Isopropyl-5-methylcyclohexan-1-ol, 2-Isopropyl-5-methylcyclohexanol, 3-p-Menthanol, Hexahydrothymol, Menthomenthol, Peppermint camphor
Arora Aromatics Pvt. Ltd, Bhagat Aromatics Limited, N.S. Mint, Silverline Chemicals, Swati Menthol And Allied Chemicals Limited, Herbochem Industries
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The hydrogenation process for Menthol production involves the reaction of carbon monoxide and hydrogen with thymol. Menthol is further be separated from its other isomers using the distillation process.
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This report presents a detailed cost analysis of synthetic menthol production from myrcene using a process involving asymmetric synthesis.
This report presents a detailed cost analysis of synthetic menthol production from m-cresol via hydrogenation, known as the Haarmann–Reimer process.
This report provides the cost structure of menthol production by steam distillation, filtration, and cooling processes.
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