Benzenoid Market by Type (Benzyl Acetate, Benzaldehyde, Benzyl Benzoate, Benzyl Alcohol, Benzyl Chloride, and Others), Application (Soap & Detergent, Food & Beverage, Household Products, Personal Care Products, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026359 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 675 million mark in 2022 and is expected to hit US$ 1100 million by 2030, recording a CAGR of 5.5% during the forecast period.

 

Benzenoid market has been significantly growing with the increasing their demand from various application fields

The major factor driving the benzenoid market growth is the increasing demand for benzenoid from different application fields such as soap & detergent, food & beverage, household products, and personal care products. Moreover, rising consumption of processed food products and steady growth in the demand for different personal care products is also positively impacting the growth of the benzenoid market. The benzyl benzoate segment is expected to pace up with the growing its use in different applications. Further, other segments such as benzyl acetate, benzaldehyde, and benzyl alcohol are also expected to gain traction during the forecasted year.

 

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into benzyl acetate, benzaldehyde, benzyl benzoate, benzyl alcohol, benzyl chloride, and others. On the basis of application, the market is segmented into soap & detergent, food & beverage, household products, personal care products, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Get more information on this report :

 

Strong growth of the benzenoid market in Asia Pacific region

 

The strong growth of the benzenoid market in the Asia Pacific region is mainly attributed to growing demand for benzenoid in aroma chemicals, flavour industries, and different pharmaceuticals products. In addition, a high demand for products such as detergents, soaps, cosmetics, and personal care products is also boosting the benzenoid market growth in Asia Pacific region.

High demand from fragrance industry

Benzenoid is used for fragrance and flavouring of different cosmetics, hygiene, and wellness products. A high demand for benzenoid from the fragrance industry is driving the demand for benzenoid. The enticing fragrances are highly used in haircare, cosmetics, and variety of personal care products which is a powerful propeller of this product success. Further, the growing fragrance industry of various countries across the globe is fuelling the market growth.

Recent strategic developments in benzenoid market

The benzenoid market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2019, Valtris Specialty Chemicals announced the significant expansion in the production capacity of its benzyl derivatives in Europe.

 

The benzenoid market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships.  BASF SE, Emerald Kalama Chemical, Eternis Fine Chemicals, Symrise, and Valtris Specialty Chemicals are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Benzenoid related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industries of benzenoid
  • Benzenoid manufactures
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Benzyl Acetate
  • Benzaldehyde
  • Benzyl Benzoate
  • Benzyl Alcohol
  • Benzyl Chloride
  • Others
  • Application
  • Soap & Detergent
  • Food & Beverage
  • Household Products
  • Personal Care products
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • BASF SE
  • Emerald Kalama Chemical
  • Eternis Fine Chemicals
  • Symrise
  • Valtris Specialty Chemicals

Companies profiled
- BASF SE
- Emerald Kalama Chemical
- Eternis Fine Chemicals
- Symrise
- Valtris Specialty Chemicals



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