November 01, 2021
According to the business intelligence report titled ‘Global Anisole Market Size study, by Application (Perfumes, Pharmaceuticals and Others), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global anisole market is slated to witness considerable expansion between 2021-2027.
Increasing product applications in food & beverage sector as an antioxidant and preservative material, surging demand for cosmetics & perfumes, and growing use in pharmaceutics are the primary factors aiding global anisole market expansion.
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As per Statista, global cosmetics market valuation was USD 507.8 billion in 2018 and is anticipated to be worth USD 758.4 billion by 2025.
For the unversed, anisole is a fragrant, colorless liquid prepared by a process of heating phenol along with methyl alcohol.
Moreover, growing research & development activities and rising disposable income will aid revenue inflow during the upcoming years. On the other hand, fluctuating raw material prices and short shelf life of anisole will act as challenges for businesses operating in this domain.
As per application scope, global anisole market space is arrayed into pharmaceuticals, perfumes, and others. Market share held, growth rate estimates, sales amassed, revenue garnered, profit margins, and valuation of each segment are provided in the research document.
From a regional frame of reference, Europe currently holds a major portion of the industry share due to surging demand for cosmetics in countries like Germany, France, UK, and Italy. Meanwhile, Asia Pacific market is estimated to register significant growth between 2021-2027, due to the expanding pharmaceutical sector in countries such as India, Thailand, China, and others.
Leading players formulating the competitive landscape of global anisole market are Merck & Co., Inc., Benzo Chem Industries Pvt. Ltd., Atul Ltd, Shaanxi Top Pharm Chemical Co. Ltd., Surya Life Sciences Ltd., Kessler Chemical Inc., Westman Chemicals Pvt. Ltd., Evonik Industries AG, Emmennar Chem Pvt. Ltd., and Camlin Fine Sciences Ltd.
Crucial information about listed players such as ex-factory pricing, profit margins, product catalogue with specifications, and strategic decisions such as investments in R&D, alliances, partnerships, mergers & acquisitions, and list of new entrants are given to provide a better understanding of the competitive framework of the industry.