Global Benzenoids Market Research Report 2019 Leading Key Players Givaudan, Firmenich, Basf Se, Sigma-Aldrich Co. Llc.

Benzenoids have become a crucial element for aromatic products in almost no time. Market Research Future (MRFR), reports the growing demand for personal care products is expected to boost the global market of benzenoids during the forecasted period (2017-2023).

Benzenoids can be classed as a special aromatic organic compound containing one or more benzene rings, such as naphthalene, anthracene, phenanthrene, pyridine, and others. Leaves, flowers, oil, wood, and bark act as natural sources for benzenoids.

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They are widely utilized in numerous application such as cosmetics & personal care, soap & detergent, household products, food & beverage, and others, owing to its aroma and scent.

Moreover, increasing demand for aromatic soap and detergent along with growing public laundry sector is estimated to give a new momentum to the demand for Benzenoids. Additionally, rapid expansion of end use industries in developing countries is expected to positively influence demand patterns.

Key Players:

Some of the prominent players operating in the global benzenoid market

BASF SE (Germany)
Sigma-Aldrich Co. LLC. (U.S.)
The Good Scents Company (U.S.)
International Flavors & Fragrances (U.S.)
Givaudan (Switzerland)
Firmenich (Switzerland)
Quest International (the Netherlands)
Takasago (Japan)
Haarmann & Reimer (Germany)
Sensient Technologies (U.S.)

Market Segmentation

The Global Benzenoid Market is classified based on type, application, and region.

On the basis of Type, the market is bifurcated into natural and synthetic.

On the basis of Application, the market is categorized into food & beverage, cosmetics & personal care, soap & detergent, household products, and others.

On the basis of Region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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Regional Analysis

The Global Benzenoid Market is categorized into five regions namely– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Europe emerged as the leading Benzenoid Market in 2016, driven by the growth of various end use application such as cosmetics & personal care and soap & detergent.

Europe region was estimated to account for around 38% of the overall volume share in 2016 and is expected to grow with the steady CAGR during the assessment period.

European countries such as Germany, Russia, Spain, UK, France, and Italy have emerged as the major contributors in the regional Benzenoid Market growth and is expected to continue their dominance during the review period on account of wide utilization of Benzenoid in cosmetics and personal care products.

North America is estimated to witness a substantial growth in Benzenoid Market due to a strong consumer base for various industries along with the rising investments to revitalize food & beverage sector over the forecast period.

In North American region, countries such as the U.S. and Canada are among the prominent contributors in the regional growth of Benzenoid Market and are predicted to see a significant demand for Benzenoid during the assessment period, 2017 to 2023.

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