Phenethyl Alcohol Market 2024 Size, Global Report Till 2031 | Symrise AG., Shanghai Shenbao Flavors& Fragrances Co., Ltd., Evesa, Mitsubishi Chemical, Cinch Chemicals Pvt.Ltd.

The global phenethyl alcohol market reached USD million in 2023 and is projected to witness lucrative growth by reaching up to USD million by 2031. The market is growing at a CAGR of 5.1% during the forecast period (2024-2031).

This study enhances the understanding of global Phenethyl Alcohol Market dynamics and structure by segmenting and analyzing various market sectors while estimating the overall market size. The purpose of this market research report is to provide a thorough analysis, including insightful observations, statistics, historical data, and industry-validated insights. It also aims to offer forecasts based on solid assumptions and methodologies.

Phenethyl alcohol (C6H5CH2CH2OH) is a volatile, clear, colorless liquid with a rose-like scent. It is commonly used in foods, fragrances, and cosmetics. In personal care products, it is found in makeup, skincare, shampoos, and perfumes. Phenethyl alcohol acts as a preservative by preventing bacterial growth and spoilage while also adding fragrance to the products.

Competitive Landscape

The report go through the competitive positioning of key companies, examining aspects such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach.

Symrise AG., Shanghai Shenbao Flavors& Fragrances Co., Ltd., Evesa, Mitsubishi Chemical, Cinch Chemicals Pvt.Ltd., Novorate Biotech, Hubei Jusheng Technology Co.Ltd., LyondellBasell Industries N.V., Eastman and Eco Organics.

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Key Developments

• In February 2021, Symrise AG upgraded its online platform, enhancing the phenethyl alcohol ingredient finder for flavor and fragrance raw materials. This upgrade allows customers to access detailed information on flavors, fragrances, and pharmaceutical raw materials.
• In the same year, Eternis Fine Chemicals Ltd. acquired Tennants Fine Chemicals Ltd. and its fully-owned subsidiaries in Singapore and China from Tennants Consolidated Limited. This acquisition expands consumer access to a broader range of aroma chemicals, including phenethyl alcohol, through Eternis and Tennants Fine Chemicals. The enhancements and acquisitions reflect the companies' commitment to improving product availability and customer service in the flavor and fragrance industry.

Market Segmentation

The Phenethyl Alcohol market research report is segmented:

By Type: Natural, Synthetic

By Application: Cosmetics & Personal Care, Laundry & Home Care, Food & Beverages, Pharmaceuticals, Cosmetics, Others

Regional Analysis

North America: US, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Rest of Europe
Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
South America: Brazil, Argentina, Rest of South America
Middle East and Africa

*Note: The full version of the report includes an in-depth analysis of emerging players and startups, providing valuable insights into the evolving market landscape and key strategies being adopted.*

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Key Questions Addressed in the Study

➡What is the projected growth rate of thePhenethyl Alcohol Market during the forecast period of 2031?
➡What are the primary factors driving the Phenethyl Alcohol Market across different regions?
➡Who are the leading vendors in the Phenethyl Alcohol industry, and what strategies contribute to their success?
➡What is the expected market scope for the upcoming period?
➡What significant trends are shaping the industry's growth in the near future?
➡What challenges does the Phenethyl Alcohol Market face?

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