At 5% CAGR, Anisole Market to cross $105 mn by 2024
Date: 2019-01-22   Author: Ronak Bora  Category: #market

At 5% CAGR, Anisole Market to cross $105 mn by 2024

Anisole Market Based on volume, Pharmaceuticals segment will exhibit growth with a CAGR of around 4.4%. The product is extensively used as a chemical intermediate in manufacturing of bulk pharmaceuticals like Dextromethorphan, Raloxifene and substrates of expectorant and antiseptics etc. By 2024, cosmetics industry will account for around a third of the global anisole market. Increasing population coupled with advanced living standards has significantly upsurge the production of perfumes and fragrances products. This trend is projected to boost the overall industry growth during the forecast spell.

 

Anisole Market Based on revenue, Asia Pacific region will foresee significant growth with the highest share of close to 30% owing to rising disposable income, impact of globalization on lifestyles, dependence on imported personal care products and increasing footprints of overseas brands among the people. Further, changing climatic conditions in the region will significantly propel the usage of skin care products with SPF measures for sunscreen protection.

 

Request for a sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2615

 

Anisole market will be mainly driven by its increasing application as an intermediate in manufacturing of dyes, pharmaceuticals & fragrances. Anisole possesses characteristics such as good solubility in ethanol, diethyl ether, chloroform, benzene, and other organic solvents. It is employed as a precursor to insect pheromones and also acts as a solvent in the synthesis of organic compounds.

The increasing purchasing power, demand for enhanced skin-care products and growing image consciousness among middle and high income working class has resulted into growing utilization of the product in cosmetics industry. Favorable demographics and social media are playing an active role in increasing awareness about personal care products along with developing fashion consciousness in metropolitan as well as tier-1 & 2 cities. Such improvements in lifestyle and increasing adoption of western culture will accelerate global anisole market during the forecast spell.

 

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2615

 

Supportive governmental regulations in various regions for using anisole in manufacturing pharmaceutical products for both internal and external purposes will fuel demand for the product over the forecast timespan. The product serves as a key precursor in producing various pharma compounds, for instance, mequinol- a type of phenol used in dermatology and organic chemistry. In developed regions, it is presumed that aging populations will continue to be a prominent factor mainly in Japan and Western Europe where people over the age of 65 will extend to almost 30% and 21% respectively by 2021. Further, growth in the pharmaceutical industries in Argentina, Venezuela Chile and Brazil and will likely have a positive impact on the industry.

Request for a Customization of this research report @ https://www.gminsights.com/roc/2615

 

With over 50% of market share, anisole with purity up to 99.5% will witness growth at a significant pace owing to its huge popularity in cosmetics and fragrance industry. The product also has extended applications in cosmetic products such as blush and lipsticks that comprise of anisole to add fragrance to the finished product. Anisole is prepared by methylation of sodium phenoxide with dimethyl sulfate or methyl chloride.

Global anisole market is quite competitive due to presence of several industry players such as Evonik, Westman Chemicals Pvt. Ltd., Sigma-Aldrich, Solvay, Huaian Depon Chemical Co., Ltd., Camlin Fine Chemicals, Eastman Chemical Company to name some.

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

 

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com

Blog: http://headlinenewsnation.com



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

...

Read More

More from Ronak


Post Recommendents

Neuromorphic Computing Market Global Outlook on Key Growth Trends, Factors
Author: Partha Ray

The latest report on ' Neuromorphic Computing market' as Added by Market Study Report, LLC, offers comprehensive details on industry size, regional spectrum and revenue estimates of the business. In addition, the report stresses on major challenge...


Nerve Monitoring System Market 2019 Global Analysis, Trends, Forecast up to 2025
Author: Partha Ray

The newest report on ' Nerve Monitoring System market' now available a MarketStudyReport.com, offers concise facts about the geographical landscape, industry size and revenue estimation of the business. Additionally, the report focuses on challeng...


Needles Market Detail Analysis focusing on Application, Types and Regional Outlook
Author: Partha Ray

The latest report on ' Needles market' now available at MarketStudyReport.com, delivers facts and numbers regarding the market size, geographical landscape and profit forecast of the ' Needles market'. In addition, the report focuses on major obst...