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.
Browse
full report by Grand View Research : http://www.grandviewresearch.com/industry-analysis/anisole-market
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.
Browse more reports of this category
by Grand View 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
Access
press release by Grand View Research:
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
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