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 research
report on Anisole Market: 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.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-anisole-market
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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