H1 2023: In H1 2023, prices of anisole decreased throughout the Asia-Pacific area. Due to a sufficient amount of inventory and stable to weak demand from the downstream agrochemical, perfume, and associated industries, the key participants kept their price on the lower edge. The Asian market's robust material supply and weak demand dynamics caused the decrease in pricing. The Lunar Holidays and a troubled supply chain were the factors that affected the average price of anisole in China. Agrochemical, fragrance, and food flavorings businesses had as strong domestic demand. At the same time, there was minor increase in demand from the overseas market. From April till June, with escalated deflation and subpar demand from abroad, prices remained low in Asia. As observed by market players, the cost pressure from the feedstock phenol was minimal as its prices continued to decline in Asia. Demand-wise, the Asian market had very few inquiries from the downstream agrochemical, perfume, and dyes industries. Due to the lacklustre purchasing behaviour, market transactions were primarily flat. Additionally, there was enough stock of anisole which prevented businesses from accumulating large amounts of inventory. As a result, operating rates in anisole manufacturing enterprises remained low, and prices in the market were low in Asia.
The global Anisole market stood at approximately 29 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 5.15% during the forecast period until 2032.
Anisole is an organic compound which is versatile in nature. Pharmaceutical, cosmetic, and food manufacturing businesses are among the anisole's end-user industries. anisole is typically utilised as a precursor to pharmaceuticals, and perfumes. It is also used as an intermediate in the production of medications, fragrances, and dyes. In the production of organic molecules, it also functions as a solvent. Anisole is a chemical compound that is used to make solvents, insecticides, medicines, and colours. Anisole is used to produce many chemical compounds, including anethole, the nonylphenol isomer 4-(3',6'-dimethyl-3-heptyl) phenol, perfumes, insect pheromones, and medications are synthesised using anisole as a solvent. The creation of inorganic compounds and materials, including tin-core/tin oxide nanoparticles, finds use for anisole. Vanilla, fennel, and beer flavours are primarily created using anisole.
Anisole is used for analyzing the reagents, solvents, and used for preparing perfumery and enteral pesticides.
The market for anisole will have a lot of scope to grow as a result of the rising demand in the cosmetic and personal care sectors. To provide aromatic aromas in cosmetic items, anisole is primarily utilised in the production of fragrances and perfumes. During the projection period, rising demand for creams, fragrances, and various types of perfumes will drive industry penetration. Additionally, the sales of personal and cosmetic care goods have increased due to rising urbanisation and rising disposable income among various people around the world. The global Anisole market is anticipated to increase favorably as a result of these reasons and reach 50 thousand tonnes by 2032.
Regionally, Asia Pacific holds the top position in the Anisole market. The constantly expanding market for cosmetics and personal care goods makes the Asia Pacific region a promising one for anisole. In especially in the Asia Pacific, rising disposable income and rising perfume use will support industry expansion. Additionally, it is anticipated that consumption would rise during the projected period because to the growing usage of cosmetic grades in Latin America and the Middle East. Due to the significant demand for personal care products among consumers in this region, Europe holds a considerable share of the anisole market in terms of revenue. Additionally, the region's predicted growth in the perfume business and rising standards of hygiene and appearance are expected to boost consumer demand for anisole.
Based on the end-user industry, the global Anisole market is segmented into Crop Protection Chemicals, Personal Care (Fragrances), Electronics, Pharmaceuticals, and Others. However, Personal Care (Fragrances) is the leading segment and held about 32% of the global Anisole market in 2022.
Major players in the Global Anisole market are Atul Ltd, Solvay, Tokyo Chemical Industry Co., Ltd, SURYA LIFE SCIENCES LTD, Thermo Fisher Scientific, Westman Chemicals Pvt. Ltd.; Emmennar Pharma Pvt. Ltd., Benzo Chem Industries Pvt. Ltd., and Camlin Fine Sciences Ltd.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Anisole which covers production, demand and supply of Anisole market in the globe.
• To analyse and forecast the market size of Anisole
• To classify and forecast Global Anisole market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Anisole market in the globe.
To extract data for Global Anisole market, primary research surveys were conducted with Anisole manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Anisole market over the coming years.
ChemAnalyst calculated Anisole demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Anisole. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Anisole manufacturers and other stakeholders
• Organizations, forums and alliances related to Anisole distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Anisole manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Anisole market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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29 thousand tonnes
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Market size Volume in 2032
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50 thousand tonnes
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Growth Rate
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CAGR of 5.15% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
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Segments covered
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By End-Use: Crop Protection Chemicals, Personal Care (Fragrances), Electronics, Pharmaceuticals, and Others
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com