Menthol, also known as peppermint camphor, is a chemical naturally found in peppermint and other mint plants. It is obtained from peppermint oil and can be produced synthetically by hydrogenation of thymol. It has a strong, minty, and cooling odor, taste and sensation. It is used to relieve minor pain and irritation and consequently added to various products, such as cough drops, beverages, gum, candy, liqueurs, perfumes, and nasal inhalers. It is also infused into creams, ointments, and cosmetic products to provide a refreshing feeling. In addition, it is widely employed by cigarette companies in cigarettes to reduce the harshness of the smoke and irritation from nicotine.
At present, rapid urbanization and hectic schedules are propelling working professionals to consume cigarettes for releasing stress and relaxing their nerves. This represents one of the primary factors positively influencing the market. It can also be attributed to the cooling and sensory stimulation of menthol cigarettes. Moreover, the introduction of low-tar, ultra-long, and ultra-slim cigarettes is creating a favorable market outlook. Additionally, inflating disposable incomes and significant growth in the number of smokers are bolstering the growth of the market. Besides this, aggressive promotional activities by cigarette manufacturers and the rising influence of social media are catalyzing the demand for menthol worldwide. Additionally, the increasing adoption of menthol in the pharmaceutical sector on account of its cold-inducing sensation capabilities is fueling the market growth. Moreover, menthol exhibits cytotoxic effects in cancer cells, induces a reduction in malignant cell growth, and is used to treat mild to moderate muscle and joint pain, which is supporting the growth of the market. Furthermore, the increasing adoption of synthetic menthol in oral care products, such as toothpaste, mouthwashes, and mouth fresheners, to provide a minty odor and taste is projected to drive the market.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the menthol manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the menthol industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the menthol industry.
The following technical and economic aspects are included in the report:
Key Questions Answered in This Report-
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Menthol Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Menthol Price Trends
4.7.2 Product Margins
5 Menthol Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Menthol Market: Major Drivers and Challenges
Figure 2: Global: Menthol Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Menthol Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Menthol Market: Breakup by Segment (in %), 2022
Figure 5: Global: Menthol Market: Breakup by Region (in %), 2022
Figure 6: Menthol: Price Trends, 2017 & 2022
Figure 7: Menthol: Margins Across Various Stages of the Supply Chain
Figure 8: Menthol: Breakup of Costs
Figure 9: Menthol Price Structure
Figure 10: Menthol: Manufacturing Process Flow
Figure 11: Menthol: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Menthol: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Menthol Manufacturing: Raw Material Requirements
Table 2: Menthol Manufacturing: Raw Material Costs
Table 3: Menthol Manufacturing: Electricity Costs
Table 4: Menthol Manufacturing: Steam Costs
Table 5: Menthol Manufacturing: Process Water Costs
Table 6: Menthol Manufacturing: Total Utility Costs
Table 7: Menthol Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Menthol Manufacturing: Packaging Costs
Table 9: Menthol Manufacturing: Transportation Costs
Table 10: Menthol Manufacturing: Sales and Administration Costs
Table 11: Menthol Manufacturing: Total Operating Costs
Table 12: Menthol Manufacturing: Costs Related to Land and Site Development
Table 13: Menthol Manufacturing: Costs Related to Civil Works
Table 14: Menthol Manufacturing: Costs Related to Plant Machinery
Table 15: Menthol Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Menthol Manufacturing: Costs Related to Electrical works and Piping
Table 17: Menthol Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Menthol Manufacturing: Working Capital Requirements
Table 19: Menthol Manufacturing: Total Capital Investment Required
Table 20: Menthol Manufacturing: Total Production Cost
Table 21: Menthol Manufacturing: Raw Material Suppliers
Table 22: Menthol Manufacturing: Machinery Suppliers
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