+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Benzenoid Market by Type, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

  • PDF Icon

    Report

  • 230 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781692
The global benzenoid market is envisioned to garner $1333.10 million by 2031, growing from $764.40 million in 2021 at a CAGR of 5.8% from 2022 to 2031.

Demand for benzenoid has increased in the foodservice, perfume, and cosmetics sectors. Growing personal care awareness, applicability in various industries, and increased disposable income are some of the reasons driving market expansion. Benzenoids have been in high demand throughout the COVID-19 pandemic for use in the production of soaps, detergents, cleaning solutions, sanitizers, and personal care products. However, the pandemic has had a significant impact on the cosmetics and fragrance industries.

Absorption of benzenoid can be poisonous and dangerous to health. For example, man-made chemicals that stay in the ecosystem might generate biomagnification, which can lead to acute or long-term toxicity. Furthermore, some of these compounds are carcinogenic and can affect human health, which is expected to limit the benzenoid market share during the projected period.

Development in the cosmetics and beauty industry, particularly in emerging economies, is likely to drive benzenoid market growth. Benzenoid is used in cosmetics, hygiene, and health products for aroma and flavor. Cosmetics, fragrances, and beauty oils have seen more sales as disposable income rises and middle-class aspirational purchasing rises. The growing adoption of Western trends, expanding need and awareness for skin care products, and industry participants' marketing techniques have increased demand for cosmetics and perfumes around the world, fueling the expansion of the benzenoid market.

The benzenoid market in the Middle East & Latin America region is growing at a significant pace. Growing influence of social media, fast-paced lifestyle, changes in consumer buying patterns, and rise in disposable income is estimated to drive the benzenoid market demand in this region. Also, male consumers in the middle east countries are more conscious about the fragrance products owing to growing influence of social media.

The presence of famous perfume brands in middle east countries namely Kayali, Arcadia, Odict, The Fragrance Kitchen, Lootah, and others have attracted large number of customers. In middle east countries alcohol is prohibited due to which fragrance oil such as sandalwood oil is used as a base ingredient for manufacturing perfume known as scent.

The coronavirus outbreak has hampered the operations of numerous enterprises worldwide. The benzenoid market, on the other hand, has seen consistent demand from end-use industries such as household care and taste & fragrance. The demand for fragrance compounds such as vanillin from personal care products such as shampoos, soaps, handwash, and detergents has increased significantly. This increase can be ascribed to rising public health, safety, and hygiene concerns. Because of the increased emphasis on personal cleanliness to avoid coronavirus, there has been an increase in demand for benzenoid, which is widely used in the production of soaps, detergents, handwash, and other goods. Furthermore, panic purchases of COVID-19 basics such as masks, hand sanitizers, handwash, soaps, and detergents have increased demand for benzenoid.

The key players profiled in this report include Jayshree Aromatics Pvt. Ltd., BASF SE, Firmenich SA, LANXESS, International Flavors & Fragrances, Inc., Valtris Specialty Chemicals, Eternis Fine Chemicals Ltd., Symrise AG, Sensient Technologies Corporation, and Givaudan.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the benzenoid market analysis from 2021 to 2031 to identify the prevailing benzenoid market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the benzenoid market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global benzenoid market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Benzyl Acetate
  • Benzoate
  • Chloride
  • Salicylate
  • Benzaldehyde
  • Cinnamyl
  • Vanillin

By Application

  • Soaps and Detergents
  • Personal Care
  • Food and Beverage
  • Household Care

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • BASF SE
  • firmenich sa
  • Jayshree Aromatics Pvt. Ltd.
  • International Flavors & Fragrances, Inc.
  • Lanxess
  • valtris specialty chemicals
  • Eternis Fine Chemicals Ltd
  • Symrise AG
  • Sensient Technologies Corporation
  • givaudan

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Market Share Analysis
3.8. Patent Landscape
3.9. Regulatory Guidelines
3.10. Value Chain Analysis
CHAPTER 4: BENZENOID MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Benzyl Acetate
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Benzoate
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Chloride
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Salicylate
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
4.6. Benzaldehyde
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis by country
4.7. Cinnamyl
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market share analysis by country
4.8. Vanillin
4.8.1. Key market trends, growth factors and opportunities
4.8.2. Market size and forecast, by region
4.8.3. Market share analysis by country
CHAPTER 5: BENZENOID MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Soaps and Detergents
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Personal Care
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Food and Beverage
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Household Care
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: BENZENOID MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key trends and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by Application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Key market trends, growth factors and opportunities
6.2.4.1.2. Market size and forecast, by Type
6.2.4.1.3. Market size and forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Key market trends, growth factors and opportunities
6.2.4.2.2. Market size and forecast, by Type
6.2.4.2.3. Market size and forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Key market trends, growth factors and opportunities
6.2.4.3.2. Market size and forecast, by Type
6.2.4.3.3. Market size and forecast, by Application
6.3. Europe
6.3.1. Key trends and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by Application
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Key market trends, growth factors and opportunities
6.3.4.1.2. Market size and forecast, by Type
6.3.4.1.3. Market size and forecast, by Application
6.3.4.2. UK
6.3.4.2.1. Key market trends, growth factors and opportunities
6.3.4.2.2. Market size and forecast, by Type
6.3.4.2.3. Market size and forecast, by Application
6.3.4.3. France
6.3.4.3.1. Key market trends, growth factors and opportunities
6.3.4.3.2. Market size and forecast, by Type
6.3.4.3.3. Market size and forecast, by Application
6.3.4.4. Spain
6.3.4.4.1. Key market trends, growth factors and opportunities
6.3.4.4.2. Market size and forecast, by Type
6.3.4.4.3. Market size and forecast, by Application
6.3.4.5. Italy
6.3.4.5.1. Key market trends, growth factors and opportunities
6.3.4.5.2. Market size and forecast, by Type
6.3.4.5.3. Market size and forecast, by Application
6.3.4.6. Rest of Europe
6.3.4.6.1. Key market trends, growth factors and opportunities
6.3.4.6.2. Market size and forecast, by Type
6.3.4.6.3. Market size and forecast, by Application
6.4. Asia-Pacific
6.4.1. Key trends and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by Application
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Key market trends, growth factors and opportunities
6.4.4.1.2. Market size and forecast, by Type
6.4.4.1.3. Market size and forecast, by Application
6.4.4.2. Japan
6.4.4.2.1. Key market trends, growth factors and opportunities
6.4.4.2.2. Market size and forecast, by Type
6.4.4.2.3. Market size and forecast, by Application
6.4.4.3. India
6.4.4.3.1. Key market trends, growth factors and opportunities
6.4.4.3.2. Market size and forecast, by Type
6.4.4.3.3. Market size and forecast, by Application
6.4.4.4. South Korea
6.4.4.4.1. Key market trends, growth factors and opportunities
6.4.4.4.2. Market size and forecast, by Type
6.4.4.4.3. Market size and forecast, by Application
6.4.4.5. Australia
6.4.4.5.1. Key market trends, growth factors and opportunities
6.4.4.5.2. Market size and forecast, by Type
6.4.4.5.3. Market size and forecast, by Application
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Key market trends, growth factors and opportunities
6.4.4.6.2. Market size and forecast, by Type
6.4.4.6.3. Market size and forecast, by Application
6.5. LAMEA
6.5.1. Key trends and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by Application
6.5.4. Market size and forecast, by country
6.5.4.1. Latin America
6.5.4.1.1. Key market trends, growth factors and opportunities
6.5.4.1.2. Market size and forecast, by Type
6.5.4.1.3. Market size and forecast, by Application
6.5.4.2. Middle East
6.5.4.2.1. Key market trends, growth factors and opportunities
6.5.4.2.2. Market size and forecast, by Type
6.5.4.2.3. Market size and forecast, by Application
6.5.4.3. Africa
6.5.4.3.1. Key market trends, growth factors and opportunities
6.5.4.3.2. Market size and forecast, by Type
6.5.4.3.3. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1. BASF SE
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.2. firmenich sa
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.3. Jayshree Aromatics Pvt. Ltd.
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.4. International Flavors & Fragrances, Inc.
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.5. Lanxess
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.6. valtris specialty chemicals
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.7. Eternis Fine Chemicals Ltd
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.8. Symrise AG
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.9. Sensient Technologies Corporation
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.10. givaudan
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
List of Tables
TABLE 01. GLOBAL BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 02. BENZENOID MARKET FOR BENZYL ACETATE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 03. BENZENOID MARKET FOR BENZOATE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 04. BENZENOID MARKET FOR CHLORIDE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 05. BENZENOID MARKET FOR SALICYLATE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 06. BENZENOID MARKET FOR BENZALDEHYDE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 07. BENZENOID MARKET FOR CINNAMYL, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 08. BENZENOID MARKET FOR VANILLIN, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 09. GLOBAL BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 10. BENZENOID MARKET FOR SOAPS AND DETERGENTS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 11. BENZENOID MARKET FOR PERSONAL CARE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 12. BENZENOID MARKET FOR FOOD AND BEVERAGE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 13. BENZENOID MARKET FOR HOUSEHOLD CARE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 14. BENZENOID MARKET, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 15. NORTH AMERICA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 16. NORTH AMERICA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 17. NORTH AMERICA BENZENOID MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 18. U.S. BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 19. U.S. BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 20. CANADA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 21. CANADA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 22. MEXICO BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 23. MEXICO BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 24. EUROPE BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 25. EUROPE BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 26. EUROPE BENZENOID MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 27. GERMANY BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 28. GERMANY BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 29. UK BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 30. UK BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 31. FRANCE BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 32. FRANCE BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 33. SPAIN BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 34. SPAIN BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 35. ITALY BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 36. ITALY BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 37. REST OF EUROPE BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 38. REST OF EUROPE BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 39. ASIA-PACIFIC BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 40. ASIA-PACIFIC BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 41. ASIA-PACIFIC BENZENOID MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 42. CHINA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 43. CHINA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 44. JAPAN BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 45. JAPAN BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 46. INDIA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 47. INDIA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 48. SOUTH KOREA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 49. SOUTH KOREA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 50. AUSTRALIA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 51. AUSTRALIA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 52. REST OF ASIA-PACIFIC BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 53. REST OF ASIA-PACIFIC BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 54. LAMEA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 55. LAMEA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 56. LAMEA BENZENOID MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 57. LATIN AMERICA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 58. LATIN AMERICA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 59. MIDDLE EAST BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 60. MIDDLE EAST BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 61. AFRICA BENZENOID MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 62. AFRICA BENZENOID MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 63. BASF SE: KEY EXECUTIVES
TABLE 64. BASF SE: COMPANY SNAPSHOT
TABLE 65. FIRMENICH SA: KEY EXECUTIVES
TABLE 66. FIRMENICH SA: COMPANY SNAPSHOT
TABLE 67. JAYSHREE AROMATICS PVT. LTD.: KEY EXECUTIVES
TABLE 68. JAYSHREE AROMATICS PVT. LTD.: COMPANY SNAPSHOT
TABLE 69. INTERNATIONAL FLAVORS & FRAGRANCES, INC.: KEY EXECUTIVES
TABLE 70. INTERNATIONAL FLAVORS & FRAGRANCES, INC.: COMPANY SNAPSHOT
TABLE 71. LANXESS: KEY EXECUTIVES
TABLE 72. LANXESS: COMPANY SNAPSHOT
TABLE 73. VALTRIS SPECIALTY CHEMICALS: KEY EXECUTIVES
TABLE 74. VALTRIS SPECIALTY CHEMICALS: COMPANY SNAPSHOT
TABLE 75. ETERNIS FINE CHEMICALS LTD: KEY EXECUTIVES
TABLE 76. ETERNIS FINE CHEMICALS LTD: COMPANY SNAPSHOT
TABLE 77. SYMRISE AG: KEY EXECUTIVES
TABLE 78. SYMRISE AG: COMPANY SNAPSHOT
TABLE 79. SENSIENT TECHNOLOGIES CORPORATION: KEY EXECUTIVES
TABLE 80. SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 81. GIVAUDAN: KEY EXECUTIVES
TABLE 82. GIVAUDAN: COMPANY SNAPSHOT
List of Figures
FIGURE 01. BENZENOID MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF BENZENOID MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN BENZENOID MARKET (2022-2031)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALBENZENOID MARKET
FIGURE 10. IMPACT OF KEY REGULATION: BENZENOID MARKET
FIGURE 11. MARKET SHARE ANALYSIS: BENZENOID MARKET
FIGURE 12. PATENT ANALYSIS BY COMPANY
FIGURE 13. PATENT ANALYSIS BY COUNTRY
FIGURE 14. REGULATORY GUIDELINES: BENZENOID MARKET
FIGURE 15. VALUE CHAIN ANALYSIS: BENZENOID MARKET
FIGURE 16. BENZENOID MARKET, BY TYPE, 2021 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR BENZYL ACETATE, BY COUNTRY 2021-2031 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR BENZOATE, BY COUNTRY 2021-2031 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR CHLORIDE, BY COUNTRY 2021-2031 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR SALICYLATE, BY COUNTRY 2021-2031 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR BENZALDEHYDE, BY COUNTRY 2021-2031 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR CINNAMYL, BY COUNTRY 2021-2031 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR VANILLIN, BY COUNTRY 2021-2031 (%)
FIGURE 24. BENZENOID MARKET, BY APPLICATION, 2021 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR SOAPS AND DETERGENTS, BY COUNTRY 2021-2031 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR PERSONAL CARE, BY COUNTRY 2021-2031 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR FOOD AND BEVERAGE, BY COUNTRY 2021-2031 (%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF BENZENOID MARKET FOR HOUSEHOLD CARE, BY COUNTRY 2021-2031 (%)
FIGURE 29. BENZENOID MARKET BY REGION, 2021
FIGURE 30. U.S. BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 31. CANADA BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 32. MEXICO BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 33. GERMANY BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 34. UK BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 35. FRANCE BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 36. SPAIN BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 37. ITALY BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 38. REST OF EUROPE BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 39. CHINA BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 40. JAPAN BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 41. INDIA BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 42. SOUTH KOREA BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 43. AUSTRALIA BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 44. REST OF ASIA-PACIFIC BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 45. LATIN AMERICA BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 46. MIDDLE EAST BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 47. AFRICA BENZENOID MARKET, 2021-2031 ($MILLION)
FIGURE 48. TOP WINNING STRATEGIES, BY YEAR
FIGURE 49. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 50. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 51. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 52. COMPETITIVE DASHBOARD
FIGURE 53. COMPETITIVE HEATMAP: BENZENOID MARKET
FIGURE 54. TOP PLAYER POSITIONING, 2021

Executive Summary

According to the report titled, “Benzenoid Market," the benzenoid market was valued at $764.40 million in 2021, and is estimated to reach $1,333.10 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.

A benzenoid, commonly known as an aromatic compound, is a form of chemical substance that includes at least one benzene ring. The majority of aromatic hydrocarbons are benzenoids, with popular examples including cyclooctadecanonaene, trans-baicalein, and azulene. Benzenoid chemicals that are commonly employed include toluene, nitrobenzene, phenol, and aniline.

Key factors driving the growth of the benzenoid market include the increasing use of the chemical benzenoid in the production of personal care products and cosmetics such as skincare products, moisturizers, sunscreen creams, nail paints, and hair care products. Benzenoid is also used in fragrances, medicines, foodservice, cleaning supplies, detergents and soaps, and household goods. The increasing use of benzenoid in cosmetic and personal care products is one of the primary factors driving market growth. Furthermore, increased processed food consumption and a predilection for flavor and scent trends are expected to accelerate market expansion.

The demand for benzenoid across several regions is increasing rapidly owing to its use in fragrance sector. For instance, the benzenoid market share in Europe is driven by growing demand from cosmetics and personal care sector. Also, the demand for essential oils from food industry in Europe is growing rapidly. In addition, it is estimated that one-third of essential oils production in this region, is used in aromatherapy, cosmetics, and fragrance sector. Recent trend of personalization of fragrances is growing among millennials as young consumers want to wear unique fragrance which is driving the benzenoid market share in this region.

Growing emphasis on the development of sustainable products and inclination toward specific or personalized fragrances are the major factors driving the benzenoid market demand in Europe. Personalization in fragrance help the perfume manufacturers in producing scents from alternative base ingredients that help in developing long-lasting and trustworthy relationship with the clients. Patchouli, lemon, orange, lemon, frankincense, and peppermint are majorly adopted essential oils used to generate exciting fragrances. For instance, Aromaaz International, the leading pure organic oil manufacturer, have stated that Europe is one of the largest personal care and cosmetics market in the world which accounted for US $97 billion in 2019 whereas the Europe fragrance sale accounted for US $18 billion in 2019. Also, European perfumes are world-famous owing to their distinct and enchanting fragrance. High purchasing power and growing awareness regarding glamor, fashion, style, and fragrances is estimated to drive the benzenoid market demand.

Germany, France, UK, Spain, and Netherlands are the largest importers of organic oils and Germany, UK, and France form the largest cosmetics and fragrance market. For instance, France is leading the world perfume industry and it is home to largest perfumeries namely Chloé, Christian Dior, Chanel, Yves Saint Laurent, Guerlain, and others. Perfumes and other fragrance products widely use benzenoid which is a popular aroma chemical that is used to mask the odor of base ingredients or to mimic particular fragrance.

The market also offers growth opportunities to the key players in the market. The benzenoid market is dominated by the need for fragrance items. Benzenoid is a significant place to start for many aroma ingredients. One of the most important benzene-derived aroma molecules is 2-phenoxyethanol. As of its mixing qualities, phenyl ethanol, a prominent element of rose oils, is commonly used in scent. As the smell sense is the first to emerge, the perfume industry has a high demand for benzenoids. Each perfume molecule can be modified to match a variety of items and give each one a distinct aroma. Appealing fragrances are also employed in many personal care items, such as skincare, cosmetics, and hair care, as effective marketing strategies. Benzenoid is commonly used by manufacturers of specialist chemicals to create a variety of flavors and smells.

The benzenoid market is segmented into type, application, and region. On the basis of type, the market is categorized into benzyl acetate, benzoate, chloride, salicylate, benzaldehyde, cinnamyl, and vanillin. As per application, it is categorized into soaps and detergents, personal care, food and beverage, and household care. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, UAE, Saudi Arabia, South Africa, and rest of LAMEA).

The key players profiled in the study include Jayshree Aromatics Pvt. Ltd., BASF SE, Firmenich SA, LANXESS, International Flavors & Fragrances, Inc., Valtris Specialty Chemicals, Eternis Fine Chemicals Ltd., Symrise AG, Sensient Technologies Corporation, and Givaudan. The players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch, and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in December 2021, Firmenich, the prominent fragrance company announced a partnership with Jungle, the French startup company. This partnership will drive sustainable innovation and leadership in natural ingredients sector.

Companies Mentioned

  • BASF SE
  • firmenich sa
  • Jayshree Aromatics Pvt. Ltd.
  • International Flavors & Fragrances, Inc.
  • Lanxess
  • valtris specialty chemicals
  • Eternis Fine Chemicals Ltd
  • Symrise AG
  • Sensient Technologies Corporation
  • givaudan

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...