Jan 28, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Anisole Market.
It was estimated prior to this unanticipated outbreak that the Anisole Market is likely to witness a CAGR of 5% during the forecast period. Major factors such systemized retail, increase in urban population, rapid westernization of FMCG sectors paired with the growing e-commerce industry are expected to drive the market during the forecast period. In addition, an assertive surge in women spending on products related to skin and hair care and the uphill trends in male grooming business, is likely to underpin the market growth further.
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Anisole is an organic material which bears the scent of an anise seed. Given its distinctive physical and chemical properties, the usage of this chemical substance has been on rise in diverse industries.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the purity type, the market is segmented as up to 99.5% and above 99.5%. Products with purity above 99.5% are expected to witness significant growth rate in the market during the forecast period as the purity of anisole depends upon its fabrication process which involves a chemical reaction of dimethyl sulfate with phenol and sulfur hydroxide. Key industry players such as Merck Inc., Oakwood Products, Inc., etc. have been fabricating methoxybenzene with purity above 99.5%.
Based on the application type, the market is segmented as pharmaceuticals, cosmetics, food and others. The pharmaceuticals application segment is anticipated to register high growth rate in the market owing to its role in producing numerous pharma compounds, as a major precursor. One of the examples is, mequinol – a type of phenol with varied applications in the field of organic chemistry and dermatology.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to the increasing inclination towards usage of premium products, dependence on imported personal products, and eminent level of unrestricted expenditure in several cosmetics and personal care products. In addition, useful changes in social economic factors such as rise in disposable income and purchasing power of consumers, increase in young population are estimated to drive the anisole market during the forecast period. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Anisole market are-
- Atul Ltd.
- Huaian Depon Chemical Co.
- Merck Group, Ltd.
- Solvay SA
- Westman Chemicals Pvt. Ltd., etc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Anisole analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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