Anisole Market Size By Purity (Up To 99.5%, Above 99.5%), By Application (Pharmaceuticals, Cosmetics, Food), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
Published Date: Aug 2018 | Report ID: GMI2615 | Authors: Kiran Pulidindi, Hemant Pandey
Anisole Market size was over USD 77 million in 2017, with projected gains close to 5% CAGR between 2018 and 2024.
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Anisole market has been identified with high prospects in the cosmetics sector. The artificial fragrance associated with the product will drive its demand in various cosmetics in the coming years. As per a report by the U.S. Department of Commerce, Asian countries observed an escalation in the per capita cosmetics spending in recent 5 years. Few key trends favoring the market growth in Asia Pacific region have been: the organized retail, rise of urban population, westernization of the FMCG sector and the vociferously thriving e-commerce industry.
With an exponential rise in women expenditure on skin and hair care products and the upward trends in male grooming industry, global anisole market will observe significant demand by 2024. The escalating demand for male grooming solutions has resulted in the scope beyond deodorants and shaving gels for men in the recent decade. For instance, in India, the use of face-cleaning products among men increased about 60 times during 2009 to 2016. Currently, the male personal care industry prominently comprises fairness creams and beard balms, beard shampoos, etc. As per Euromonitor International Personal Appearance Survey, range of beauty and personal care (BPC) products - socially acceptable for men has widened in past 10 years. One third of men spend more than thirty minutes a day grooming, featuring a vast scope of opportunities for BPC manufacturers to develop solutions catering the unique needs of the appearance-conscious segment of men. Such traits will drive the market in cosmetics and personal care products over the forecast timeframe.
With an essential involvement of phenolic components in synthesis of product, anisole (methoxybenzene) market growth will be highly subjected to crude trends. The price fluctuations of the crude oil will lead to a moderate growth of the overall market.
|Historical Data for:||2013 to 2017||Forecast Period:||2018 to 2024|
|Pages:||162||Tables, Charts & Figures:||204|
|Geographies covered (15):||U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, South Africa|
|Segments covered:||Purity, Application and Region|
|Companies covered (10):||Solvay S.A., Merck & Co., Inc., Evonik, Atul Ltd, Triveni Chemicals, Huaian Depon Chemical Co. Ltd., Shanghai Worldyang chemical Co.,, Oakwood Products, Inc., Clean Science and Technology Private Limited, Eastman Chemical Company|
Anisole Market, By Purity
The purity of anisole depends upon its manufacturing process which comprises of reaction of phenol and sulphur hydroxide with dimethyl sulfate. Product with purity above 99.5% will observe a steady demand in the coming years, with a projected growth of CAGR 4.8%. Leading industry participants for instance, Merck Inc., Oakwood Products, Inc., etc. have been engaged in manufacturing methoxybenzene with purity above 99.5%.
Anisole Market, By Application
Pharmaceuticals segment is expected to observe significant growth with CAGR 4.4% in global anisole market over the forecast period. 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. Also used for producing 4-methoxy acetophenone (4-MAP), it is a chemical intermediate in manufacturing of bulk pharmaceuticals like Dextromethorphan, Raloxifene etc. Further, the product is used to produce guaiacol which is medicinally an expectorant, antiseptic, and local anesthetic.
Cosmetics segment is likely to contribute the highest market share exceeding 35% in global market. Anisole is used to produce perfumes and fragrances products to offer aromatic scent. Other cosmetic products such as blush and lipsticks also comprise of anisole to add fragrance to the finished product.
Anisole Market, By Region
Rising preference for premium product usage, reliance on the imported personal products and prominent level of discretionary expenditure have made Asia Pacific a promising market for anisole in various cosmetics and personal care products, with the highest share close to 30%. Positive change in social economic factors such as increase in disposable income and consumer purchasing power, rise in self-conscious young population, have been instrumental in shifting consumer preference toward better lifestyle. Upward trends in self-grooming habitats are estimated to propel the anisole market regional demand by 2024. China with a population of 1.3 billion, holding over 480 million urban residents, China, followed by India will present the largest number of potential cosmetic customers in the world. Such trends exhibit that the demand for anisole as a fragrance ingredient in cosmetics is likely to have an upward trend in coming years.
The product serves as an intermediate in several derivatives, for instance, 4-allyl anisole, which has been highly useful ingredient in the pesticide products that protect conifers in parks, forests, recreation areas, etc. from insects such as bark beetles. According to Eurostat data, in 2015, the EU-28 had a total area of 11.1 million hectares cultivated as organic, rising from 5.0 million hectares area in 2002. Organic area in the EU increased by about 500,000 hectares per year during the last decade. Such growth trends exhibited by the agriculture segment will drive the product demand in the future years.
Competitive Market Share
Few significant players in global anisole market have been: Solvay SA, Merck, Atul Ltd., Westman Chemicals Pvt. Ltd., Huaian Depon Chemical Co., Ltd., etc. The industry will be marked with a forward integration among raw material producers and product manufacturers in future years, due to high demand of anisole. For instance, Solvay has been producing phenol as well as anisole to serve several end-user industries.
Anisole is an organic substance which smell resembling anise seed. Application of this chemical in several industrial verticals has been rising owing to unique chemical and physical properties of methoxybenzene. The end-user industries of the market include cosmetic, pharmaceutical and food manufacturing companies. Anisole has been typically used as a precursor to insect pheromones, perfumes and pharmaceuticals; as an intermediate in manufacturing of fragrances, pharmaceuticals and dyes; as a solvent in the synthesis of organic compounds.
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