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Global Air freshener Market Size 2018 Expected To Reach $13.27 billion With CAGR Of 3.5% By 2025
Air Freshener Market
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Growing concerns associated with declining indoor air quality drives the growth of the global air freshener market. Europe contributed the highest share in 2017, and will maintain its dominance throughout the forecast period. The demand for air freshener from healthcare industry is likely to increase during the Covid-19 pandemic to reduce the bad odor of chemicals used during the treatment of patients and improve the indoor air quality.
Growing concerns associated with declining indoor air qualitydrivesthe growth of the global air freshener market.However,high cost associated with the production of air freashnerhinder the market growth. On the other hand,bad odor in healthcare centers due to bacterial infections and chemicals used during the treatment of patients has increased the demand for air fresheners. This factor is expected to create new opportunities for market playersin coming years.
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Covid-19 scenario:
Several major market players have halted the production of air freshener due to supply shortage of raw material amidst the lockdown due to Covid-19 pandemic.
The demand for air freshener from the healthcare industry is likely to increase during the Covid-19 pandemic to reduce the bad odor of chemicals used during the treatment of patients and improve the indoor air quality.
The report offers a detailed segmentation of the global air freshener market based onproduct type,application,typ of customersand region.
Based on product type, the sprays/aerosols segmentcontributed to the largest share in 2017, accounting for nearly halfof the total share, and is estimated to maintain its dominant position during the forecast period. In addition, it is alsoestimated to portray the highest CAGR of 4.3% during the forecast period.
Based on type of customer, the individual customer segmentaccounted for the largest share in 2017, holding more than two-thirdsof the total share, and is expected to maintain the largest share throughout the forecast period. However,the enterprise customer segmentis expected to register the highest CAGR of 4.3% from 2018 to 2025.
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