openPR Logo
Press release

2-Phenylethanol Market to Garner $761.7 Million, Globally, By 2031 at 3.3% CAGR, Says Allied Market Research

11-30-2022 07:47 AM CET | Associations & Organizations

Press release from: Allied Market Research

2-Phenylethanol Market to Garner $761.7 Million, Globally,

Allied Market Research published a report, titled, "2-Phenylethanol Market by Type (Natural and Synthetic) and End-use Industry (Food & Beverage, Personal Care & Cosmetics, Pharmaceutical, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2031". According to the report, the global 2-phenylethanol industry generated $491.7 million in 2021, and is anticipated to generate $761.7 million by 2031, witnessing a CAGR of 3.3% from 2022 to 2031.

Prime determinants of growth
Increased demand from the cosmetics & personal care industry and surge in demand for cleaning products drive the growth of the global 2-phenylethanol market. However, the availability of substitutes for 2-phenylethanol that offer higher performance restricts the market growth. Moreover, rise in demand for natural fragrance ingredients presents new opportunities in the coming years.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/17584

Covid-19 Scenario
• The outbreak of the Covid-19 pandemic has had a negative impact on the global 2-phenylethanol market, owing to shutting off of almost all operations, manufacturing, and distribution of all industries.
• The demand-supply gap, disruptions in raw material procurement, and price volatility further hampered the chemical industry, thereby affected the growth of the global 2-phenylethanol market.
• On the contrary, increase in demand for home and personal hygiene products due to rise in awareness regarding the cleanliness boosted the growth of the 2-phenylethanol. This, in turn, tends to overcome the impact of COVID-19 on this sector.

The natural segment to maintain its leadership status throughout the forecast period
Based on type, the natural segment held the highest market share in 2021, accounting for more than two-thirds of the global 2-phenylethanol market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 3.3% from 2022 to 2031, due to rise in health concerns among the population. The report also discusses about the synthetic segment.

Get Detailed COVID-19 Impact Analysis on the 2-Phenylethanol Market @ https://www.alliedmarketresearch.com/request-for-customization/17584?reqfor=covid

The personal care and cosmetics segment to maintain its lead position during the forecast period
Based on enduse industry, the personal care and cosmetics segment accounted for the largest share in 2021, contributing to more than two-fifths of the global 2-phenylethanol market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 3.4% from 2022 to 2031, as it acts as a preservative for the cosmetic products, is allergy-free, and does not cause any side effects. Other segments analyzed in the report are food & beverages and pharmaceuticals.

Asia-Pacific to maintain its dominance by 2031
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than two-fifths of the global 2-phenylethanol market. Moreover, the same region is expected to witness the fastest CAGR of 3.4% from 2022 to 2031. The presence of high consumer base for personal care & cosmetics and food & beverage industries is the major factor driving the demand for 2-phenylethanol in the region. Other regions discussed in the report are North America, LAMEA, and Europe.

Leading Market Players: -
• Apple Flavor and Fragrance Group Co., Ltd.
• Eternis Fine Chemicals Ltd.
• Firmenich SA
• Harmony Organics Pvt., Ltd.
• Kdac Chem Pvt., Ltd.
• LyondellBasell Industries Holdings B.V.
• Matrix Scientific
• Symrise AG
• TCI America
• Yingyang (China) Aroma Chemical Group

Interested in Procuring This Report? Visit Here:
https://www.alliedmarketresearch.com/2-phenylethanol-market/purchase-options

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
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 2-Phenylethanol Market to Garner $761.7 Million, Globally, By 2031 at 3.3% CAGR, Says Allied Market Research here

News-ID: 2827676 • Views:

More Releases from Allied Market Research

Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
𝐍𝐚𝐧𝐨𝐬𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐚𝐧𝐝 𝐌𝐢𝐜𝐫𝐨𝐬𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 by End User (Civil, Government, Commercial, and Military), Application (Communications, Earth Observation, Space Science, Technology Demonstration, and Technology Development), and Orbit Type (Non-Polar Inclined, Polar, and Sun-Synchronous): Global Opportunity Analysis and Industry Forecast, 2021-2030." As per the report, the global nanosatellite and microsatellite industry was accounted for $2.23 billion in 2020, and is expected to reach $8.69 billion by 2030, growing at a CAGR of 14.9%
Anti-Drone Market is experiencing significant growth and is anticipated to attain a CAGR of 27.9% by the year 2031
Anti-Drone Market is experiencing significant growth and is anticipated to attai …
𝐀𝐧𝐭𝐢-𝐃𝐫𝐨𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 by Technology (Electronic System, Laser System, Kinetic System), by Application (Detection, Disruption), by End Use (Government, Military & Defense, Commercial), by Platform (Ground, Handheld, UAV Based): Global Opportunity Analysis and Industry Forecast, 2021- 2031". According to the report, the global anti-drone industry generated $1.3 billion in 2021 and is anticipated to generate $14.6 billion by 2031, witnessing a CAGR of 27.9% from 2022 to 2031. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰:
Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R …
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in terms
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of …
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and