Aroma Chemicals Market Rising Uses across Diverse Industries to Bolster Market Opportunities
Get Research Report Overview @ https://www.transparencymarketresearch.com/aroma-chemicals-market.html
Europe to Remain Dominant Regional Market for Aroma Chemicals
Among the key application segments, which include personal care, household care, and others, the personal care segment held the dominant share of 47.2% in the market in 2015. While its dominance will remain unaffected through the forecast period, the market is also expected to tread along a positive curve in the household care segment.
Regionally, North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa constitute the key market segments. Europe emerged as the region holding the largest share of 33.3% in the global market in 2015. Besides this, Asia Pacific is demonstrating lucrative opportunities for the market players. During the forecast period, the CAGR witnessed by the market in Asia Pacific is expected to remain higher than other regions.
Rising Uses across Diverse Industries to Bolster Market Opportunities
While previously, the use of aroma chemicals was limited to the personal and household care sector, its expansion to the food and beverages and medical industries has spiked market opportunities. With the rising urbanization and growth in per capita income and spending, the demand for aroma chemicals is expected to rise especially in emerging nations such as India, China, Brazil, and Africa. “Rising income entails increasing willingness among consumers to spend on personal care products, which will create lucrative prospects for the aroma chemicals market,” said a lead TMR analyst.
Also the demand for natural fragrances is at all-time high as they are considered greener, safer, and more sustainable. While not all perceptions may be accurate, but they boost the demand for natural aroma chemicals derived from ingredients harvested from sustainably grown plants. This also connotes that the changing consumer lifestyle will have a positive influence on the overall market.
Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2134
Stringent Regulations to Emerge as Key Challenge
On the downside, stringent regulation coercing companies to follow certain compliance policies is inhibiting the market’s trajectory. For instance, wastewater discharge during the production of various synthetic aroma chemicals consists of several biological oxygen compound. As regulations under the Toxic Substances Control Act (TSCA) and Clean Air Act (CAA) impose various restrictions on the emission of VOC under federal laws, the production of aroma chemicals might get curtailed to an extent.
Nevertheless, increasing market penetration and investment towards product development, will help the aroma chemicals market overcome the aforementioned difficulties and register strong growth in the forthcoming years. Also with companies focusing on product diversification, consumers will have wider options to choose from. Spurred by these factors, the global aroma chemicals market will continue treading along a positive trajectory through the forecast period.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Transparency Market Research
90 State Street,
NY – 12207
USA – Canada Toll Free 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aroma Chemicals Market Rising Uses across Diverse Industries to Bolster Market Opportunities here
News-ID: 1228980 • Views: 130
More Releases from Transparency Market Research
Powder Coatings Market to Reach US$ 16,203.14 Mn by 2026 Need for Increased Agri …
The demand within the global powder coatings market is slated to grow by leaps and bounds in the years to follow. The need for coating several materials and products with protective layers has played a vital role in the growth of the global powder coatings market. Request Overview - https://www.transparencymarketresearch.com/powder-coatings-market.html Furthermore, advancements in organic as well as polymer chemistry have paved way for key developments within the market. Several industrial manufacturers acknowledge
Fumigation Products Market to Reach a Value of US$ 1.2 Bn by 2027-Lack of Awaren …
Fumigation Products Market: Key Highlights The global fumigation products market was valued at ~US$ 820 Mn in 2018, and is anticipated to expand at a CAGR of ~4% during the forecast period. The global fumigation products market is driven by the rise in the demand for warehouses/storage and residential applications North America accounts for a major share of the global fumigation products market, led by an increase in the demand for residential housing,
Inks Market will Generate Revenue of US$ 21.2 Bn by 2027- Technological Advancem …
Global Inks Market: Key Highlights The global inks market was valued at ~US$ 15.9 Bn in 2018, and is anticipated to expand at a CAGR of ~3% from 2019 to 2027. Rise in population and urbanization is fueling global trade, and subsequently, the use of packaging. Online trade is further increasing the need for packaging. Products are also being consumed immediately, which is driving the need for food service packaging and
Zinc-Bromine Battery Market to Reach Value US$ 23 Mn by 2027 Enhancing Storage i …
The global zinc-bromine battery market was valued at ~US$ 5 Mn in 2018, and is anticipated to expand at a CAGR of ~18% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR). Increase in the demand for zinc-bromine batteries in power distribution applications is one of the major factors driving the zinc-bromine battery market. In terms of consumption, Asia Pacific accounted for a
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the