Press release
Benzenoid Market is expected to reach USD 1.21 Billion by 2030 : Cognitive Market Research
Benzenoid Market is expected to reach USD 1.21 Billion by 2030 : Cognitive Market Research
What is the Benzenoid?
- Benzenoids are known as aromatic compounds, which are a type of chemical compound with a least one benzene ring in the structure. This is used for the manufacturing of personal care and cosmetics products. In addition, benzenoids are used for various products such as industrial fragrance compounds, specialty aroma chemicals, flavor compounds, and customized fragrance compounds.
Summary:
• The Benzenoid Market size was valued at USD 824.1 Million in 2022 and will grow at a CAGR Of 5.5% during the forecast period, reaching USD 1.21 Billion by 2030.
• Asia-Pacific has the largest revenue share in the benzenoid market.
"To know more about The Benzenoid Market statistics click here: https://www.cognitivemarketresearch.com/benzenoid-market-report
Market Dynamics:
• Benzenoid Market Drivers:
Increasing demand for benzenoids in several applications such as fragrance, chemical, and flavor sectors is the key factor likely to drive the growth of the benzenoid market. In addition, benzenoid is used in several consumer goods including detergents, beverages, hair oil, confectionaries, and perfumes is likely to drive the growth of the benzenoid market.
• Benzenoid Market Opportunities:
Expansion of business along with research and development activities will present growth opportunities for the benzenoid market. In addition, increasing the use of benzenoid in the chemical industry for the manufacturing of flavors and fragrances is projected to create growth opportunities for the benzenoid market in the forecast period.
• Benzenoid Market Restraints:
Benzenoid is toxic and flammable are anticipated to hamper the growth of the benzenoid market. In addition, the use of synthetic chemicals with a negative impact on health may restrict the growth of the benzenoid market.
Segmentation Analysis:
Type
• Vanillin
• Benzyl Acetate
• Cinnamyl
• Benzoate
• Benzaldehyde
• Chloride
• Salicylate
Based on type, the benzoate segment has the largest revenue share in the benzenoid market. This is attributed to benzyl benzoate the organic compound, which is made up of benzyl alcohol and benzoic acid. In addition, increasing the use of benzoate in various applications including plasticizers, fragrances, preservatives, and solvents likely to propel the demand for this segment.
Application
• Household Care
• Personal Care
• Food and Beverage
• Soaps and Detergents
Based on application, the soaps and detergents segment has the major revue share in the benzenoid market. This is owing to the growing use of benzenoid as an aromatic compound for the production of soaps and detergents. In addition, increasing awareness of hygiene due to the increasing demand for soaps is expected to boost the growth of this segment in the target market.
The Major Players in Benzenoid Market are:
Jayshree Aromatics, Tennants Fine Chemicals, Emerald Kalama Chemical, Lanxess, Valtris Specialty Chemicals, Eternis Fine Chemicals, Tianjin Dacals Chemical, Tianjin Dongda Chemical Group, Firmenich, Premier Group Of Industries, Indukern F&F Ingredients, Kadillac Chemicals, Prakash Chemicals International, Elan Chemical, Symrise, BASF, International Flavors & Fragrances, Axxence Aromatic Gmbh, Solvay, Kao Corporation
Get free sample pages of the latest published Benzenoid Market Report: https://www.cognitivemarketresearch.com/benzenoid-market-report#request_sample
Regional Analysis:
- Asia-Pacific accounted for the largest share of the benzenoid market
Asia-Pacific has the largest revenue share in the benzenoid market. This is owing to the increasing benzenoid demand for industries such as processed foods, personal care, and cosmetics sectors in the region. In addition, increasing demand for fragrances and unique flavors in the region is anticipated to drive the demand for the benzenoid market in the region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Benzenoid Market
Chapter 4 Global Benzenoid Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Benzenoid Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Benzenoid Industry Mergers and Acquisition Analysis
• 5.3 Global Benzenoid New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Benzenoid Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Benzenoid Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Benzenoid Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Benzenoid Market Regional Analysis
Chapter 12 North America Benzenoid Market Outlook (2018 - 2030)
Chapter 13 Europe Benzenoid Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Benzenoid Market Outlook (2018 - 2030)
Chapter 15 Latin America Benzenoid Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Benzenoid Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Benzenoid Market TOC click here: https://www.cognitivemarketresearch.com/benzenoid-market-report#table_of_contents
Related Report:
• Aroma Chemical Market - https://www.cognitivemarketresearch.com/aroma-chemical-market-report
• Flavors and Fragrances Market - https://www.cognitivemarketresearch.com/flavors-and-fragrances-market-report
• Benzene Derivative market - https://www.cognitivemarketresearch.com/benzene-derivative-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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