Neryl Acetate Market will grow at a rate of 8.80%, size, top players, business growth analysis

Neryl acetate market will grow at a rate of 8.80% for the forecast period of 2021 to 2028. Increasing demand for flavors and perfumes from developed and emerging countries is a vital factor driving the growth of neryl acetate market.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-neryl-acetate-market

Neryl acetate is a type of complex chemical compound, that is generally found in the citrus oils. Neryl acetate has sweet, soapy, fruity, floral, and citrus notes and is majorly used in flavors and perfumery applications for fruity and floral applications. It is generally preferred in the applications such as jasmine and neroli fragrances and is also a chemical which has IUPAC name 3,7-dimethylocta-2 and 6-dien-1-yl acetate. Therefore, increased demand and low production is raising the prices of neryl acetate in the flavors and perfumery market. It is more costly than geranyl acetate and has effective smell than that of geranyl acetate. They are also available in the market in different concentrations, which decides its cost and fragrance performance and the key applications of neryl acetate includes alcoholic perfume, antiperspirants, deodorant, lotions, creams, liquid soap, shampoos, liquid detergents, candles and incense amongst others.

Growing population along with the increasing per capita consumption and spending is the vital factor escalating the market growth, also rising per capita income spend by the population in luxury items and stationery is pushing the demand for high end perfumes and other personal care products, rising continuous changing consumer tests in terms of fragrances and rising demand for unique fragrances from growing population in Asian countries, improving economies in numerous regions and extensive demand from the various end-user industries are the major factors among others driving the neryl acetate market. Moreover, rising research and development activities in the market and rising technological advancements in the production techniques will further create new opportunities for the neryl acetate market in the forecast period of 2021- 2028.

However, rising disturbances in supply chain and market disruption due to rising prevalence of Covid-19 is the vital factor among others acting as a restraint, and will further challenge the growth of neryl acetate market in the forecast period mentioned above.

Key Players Analysis:

The major players covered in the neryl acetate market report are Takasago International Corporation, Privi Speciality Chemicals Limited, Prasol Chemicals Pvt. Ltd, The Good Scents Company (tgsc), Prodasynth, Citrus and Allied Essences Ltd, Eastman Chemical Company, Celanese Corporation, Wacker Chemie AG, Solventis, Teknor Apex, Producers Chemical Company, CABB GmbH, SolvChem, Jiangsu SOPO (Group) Co., Ltd, Esterindia, Acros Organics B.V.B.A., Terpenes UK, Glentham Life Sciences Limited and Augustus Oils Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Neryl Acetate Market Scope and Market Size

Neryl acetate market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Based on product, the neryl acetate market is segmented into 95% purity, 98% purity and 99% purity.

The neryl acetate market is also segmented on the basis of application into perfumes, deodorant, pharmaceuticals, creams, lotions, soap and shampoo and other personal care.

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