Global anisole market is
expected to reach USD 54.9 million by 2022, according to a new study by Grand
View Research, Inc. Rapid industrialization coupled with growing use of these
intermediate chemicals for production of various other products such as
building polycarbonates, and detergents is expected to promote capacity
expansion over the next seven years.
Various factors
including rising disposable income coupled with increasing spending on personal
care products including perfumes is expected to drive product’s need over the
forecast period.
High need from various
applications including perfumes on account of its pleasant aromatic odor and
pharmaceutical sector owing to its tremendous use as an intermediate chemical
will be favorable for global industry expansion.
Rising need for consumer
products such as fragrances and flavors on account of changing consumer habits
along with better living standards is expected to augment the product demand in
emerging economies including India, China, and Brazil. However, raw material
availability will challenge growth over the next seven years.
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Research :
Further key findings from the study suggest:
·
Perfumes dominated the industry with
revenue estimated over USD 19.0 million in 2014. Rising disposable income coupled
with increasing penetration of players such as P&G and Reckitt Benckiser
through new product launches in China and India is expected to promote
cosmetics sector. This in turn will have a positive impact on the market over
the forecast period. Furthermore, rapid urbanization, higher spending power and
growing awareness regarding appearance and grooming in emerging economies is
expected to propel perfume sector in the region thereby fuelling growth.
·
Pharmaceuticals were the second largest
segment and valued over USD 14.0 million in 2014. Prevalence of various
companies including Johnson & Johnson, Pfizer and Merck & Co. along
with high R&D expenditure in the U.S. and Mexico will propel product
expansion.
·
Europe was the largest market, estimated
over USD 13.0 million in 2014. Growing personal care products sector in
Germany, Italy, France and UK is expected to have a positive impact over the
forecast period. Introduction of new gender-specific products and technological
developments is expected to drive need for personal care products. This in turn
will augment demand over the next seven years.
·
Asia Pacific is expected to witness fastest
growth at a CAGR of 4.9% from 2015 to 2022. Growing popularity of various
brands including Christian Dior, Chanel and Elizabeth Arden in developing
countries is expected to augment demand over the next seven years. In addition,
increasing need for men perfumes particularly in India and China is expected to
propel industry over the forecast period.
·
Global industry is fragmented on account of
presence of numerous companies. These invest highly in R&D to introduce
innovative products and employ various strategies including M&A and joint
ventures to expand their presence. In March 2011, Camlin Fine Chemicals Ltd.
signed an acquisition agreement for Borregaard Italy’s anisole facility.
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Research: http://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has
segmented the global anisole market on the basis of application and region:
Anisole Application Outlook (Revenue, USD Million, 2012 -
2022)
·
Perfumes
·
Pharmaceutical
·
Others
Anisole Regional Outlook (USD Million, 2012 - 2022)
·
North America
o U.S.
·
Europe
o Italy
o France
·
Asia Pacific
o China
o Japan
·
Latin America
o Brazil
·
MEA
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View Research: http://www.grandviewresearch.com/press-release/global-anisole-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: http://www.grandviewresearch.com/
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: http://www.grandviewresearch.com/