Press release
What's driving the Anisole Market share? Key Company Profiled in Evonik, Merck, Solvay, Atul Ltd, Oakwood Products, Inc., Eastman Chemical Company, Triveni Chemicals, Clean Science and Technology Private Limited
Anisole Market
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The global anisole market is projected to experience an accelerated growth over 2018 – 2024, primarily fueled by organic chemical compound’s applications in the rapidly expanding pharmaceutical and cosmetics sectors. Estimated to be valued at over $77 million, the global anisole market has depicted considerable growth due to the product’s rising incorporation in a plethora of cosmetic products, on account of the artificial fragrance that is associated with anisole.
It is prudent to mention that anisole is also used to manufacture several different chemical compounds that find applications across a slew of application verticals. However, pharmaceuticals and cosmetics are among the biggest and the fastest growing application sectors that are not constrained by the burden of serving only a niche demographic – which is the reason why these sectors are thriving in some of the most populous regions of the globe, gradually aiding the growth of anisole market as well.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Solvay
2. Merck
3. Evonik
4. Atul Ltd
5. Triveni Chemicals
6. Huaian Depon Chemical Co., Ltd.
7. Shanghai Worldyang chemical Co.,
8. Oakwood Products, Inc.
9. Clean Science and Technology Private Limited
10. Eastman Chemical Company
Asia Pacific led anisole market in 2017, with market share above 30%. The region has been a significant market for anisole in various personal care products and cosmetics. The growth was attributed to the enhanced discretionary expenditure, rising consumer preference to premium product investment and the imported personal products. Region will also mark substantial demand for anisole in pesticides with strong growth trends in the agricultural sector. For instance, China government has increasingly shifted its focus to reforming agriculture. Several government initiatives in India such as: ‘Paramparagat Krishi Vikas Yojana’, ‘Pradhan Mantri Fasal Bima Yojana’ etc. are aimed to propel the regional agricultural production in the next decade. Under India’s ‘Blue Revolution Vision’, the Indian government has invested around USD 470 million, with the aim to maintain an annual growth rate of 6-8% of the agriculture and allied sector.
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The U.S. has been the most encouraging domestic environment for the commercialization and development of pharmaceuticals with the minimum industry barriers. The United States attracts the majority of global venture capital investments in start-up biopharmaceutical enterprises The U.S. healthcare spending increased 4.3% in 2016, thereby reaching about USD 10,348 per person, i.e. USD 3.3 trillion. The overall share of regional gross domestic product (GDP) related to health care spending was 17.9 % in 2016, up from 17.7% in 2015. Significant growth aspects in pharmaceutical sector will also propel anisole market size during the forecast timespan.
Anisole Market, Purity By Application
• Up To 99.5%
• Pharmaceuticals
• Cosmetics
• Food
• Others
• Above 99.5%
• Pharmaceuticals
• Cosmetics
• Food
• Others
Anisole Market By Application
• Pharmaceuticals
• Cosmetics
• Food
• Others
Anisole with purity up to 99.5% was the popular segment in global methoxybenzene industry in 2017, with a market share above 50%. Leading industry participants for instance, Atul Ltd., Clean Science Inc., Westman Chemicals Pvt. Ltd., etc. have been involved in manufacturing anisole with purity up to 99.5%.
Browse key industry insights spread across 162 pages with 183 market data tables & 23 figures & charts from the report, Anisole Market in detail along with the table of contents:
www.gminsights.com/industry-analysis/anisole-market
Cosmetics area of application will have highest share surpassing 35% in global anisole (methoxybenzene) market. The product is used to produce fragrances, perfumes and various beauty care products to offer aromatic smell. Pharmaceuticals segment rise with CAGR 4.4% in anisole market by 2024. The product will have robust demand for its usage as a key precursor in manufacturing numerous pharma solutions.
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