Anisole Market Demand, Recent Trends and Developments Analysis 2024
Category: #reports  By Rahul Sankrityayan  Date: 2020-06-19
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Anisole Market Demand, Recent Trends and Developments Analysis 2024

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.

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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.

Top Companies:      

  1. T&K TOKA Corporation
  2. Toyo Ink Co. Ltd.
  3. Flint Group
  4. DIC Corporation
  5. TCI Graphics (M) Sdn. Bhd.
  6. Siegwerk Druckfarben AG & Co. KGaA
  7. Sakata Inx Corporation
  8. Huber Group
  9. Tokyo Printing Ink Mfg Co. Ltd.
  10. SICPA Holding SA
  11. Daihan Ink Co. Ltd.
  12. FUJIFILM Holdings America Corporation
  13. Dainichiseika Color & Chemicals Mfg. Co. Ltd.
  14. Wikoff Color Corporation
  15. Yip's Chemical Holdings Limited

The report contains details about the production, remuneration, price, growth rate of each segment, as well as market share.

Growth Drivers are

  • Advantage of offset technology for high volume printing applications
  • Developments in the print media industry in Asia Pacific
  • Steady increase in offset printing demand for packaging applications

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/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.

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.

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.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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