Global Anisic Aldehyde demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2%to be valued at US$ 8.8 Billion from 2022 to 2032. The recent increase in usage of consumer items containing anisic aldehyde among middle-class customers, particularly in emerging nations, is expected to provide lucrative prospects to the anisic aldehyde market in the next years.
Scented products are chosen by a large number of inhabitants. Considering daily life, products containing fragrance are preferred, consumed and utilized which in turn has resulted in increase in demand for global anisic aldehyde market. Anisic aldehyde also known as para-methoxybenzaldehyde is a clear colourless pale yellowish liquid with powerful aroma. Being an organic compound, it is used in both natural and synthetic form to provide fragrance and flavour. Anisic Aldehyde, form of speciality chemical is increasingly cited as a trigger to produce more scented and odourless products. It is found in vanilla aroma and in essential oils of fennel and anise. It is produced commercially by methoxytoluene using manganese dioxide. It can also be created by oxidation of anethole (an allied fragrance that is found in alcoholic beverages). Owing to its good persistence, it is widely used in perfumery and pharmaceuticals applications.
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Anisic Aldehyde Market: Drivers & Restraints
The demand for anisic aldehyde is constantly rising with growth in fragrance & flavour, pharmaceuticals and personal care industry. An advanced chemical, physical & efficient property of anisic aldehyde drives the demand for global anisic aldehyde market. With progress in the global pharmaceutical market followed by high consumption in cosmetics and personal care, the global anisic aldehyde market is likely to expand at double digit CAGR during the forecast period (2016-2025). However, unexpected fluctuation in raw materials along with government regulations is acting as a restraint in the growth of global anisic aldehyde market.
Anisic Aldehyde Market: Region-wise Outlook
The global anisic aldehyde market is expected to register a double-digit CAGR for the forecast period. India and China is the major manufacturing hub for anisic aldehyde. As of 2015, Asia Pacific, and Western Europe dominates the global anisic aldehyde market in terms of market revenue. U.S., Australia and South Africa are few other countries having a large consumer base for speciality chemicals like anisic aldehyde. India, China & Japan are projected to expand at a substantial growth and will continue to contribute to the global anisic aldehyde market value, exhibiting a robust CAGR during the forecast period, 2016?2025.
Anisic Aldehyde Market: Key Players
Some of the key market players in global bariatric surgery devices market are BASF SE, Atul Ltd, Neshiel Chemical Pvt Ltd, Parchem, AscentFinechem Pvt ltd and Elan Chemical Company and Nandolia Organic Chemicals Pvt Ltd, Global Essence, among many others.
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Anisic Aldehyde Market: Segmentation
On the basis of end-user, the global anisic aldehyde market has been broadly segmented into:
- Perfumes & Fragrances
- Pharmaceuticals
- Personal & Home Care
- Others
On the basis of regions the global acetophenone market has been segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
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