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Aroma Chemicals Market Size
- Report ID: GMI4596
- Published Date: Mar 2023
- Report Format: PDF
Aroma Chemicals Market Size
Aroma Chemicals Market size surpassed USD 5 billion in 2022 and is poised to grow at over 6% CAGR from 2023 to 2032. The growing manufacturing sector in Asia Pacific owing to favorable government initiatives to serve as a key driver for market growth.
Aroma chemicals are widely used in household detergents, shampoos, cosmetics, perfumes, and soaps. The growing manufacturing sector in Asia Pacific is supporting large-scale production of such items, creating a strong demand for aroma chemicals. Several regional governments have been focusing on expanding their manufacturing sector capacities as a crutch to get out of the post-pandemic economic slump. Many initiatives such as Make in India and Make in China are strengthening the sector and fostering market expansion.
In fact, as per the IBEF, India has the potential to become a global manufacturing hub, having the potential to contribute USD 500 billion annually to the global economy by 2030
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Aroma Chemicals Market Size in 2022: | USD 5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.1% |
| 2032 Value Projection: | USD 9 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 458 |
| Segments covered: | Product, Source, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Aroma Chemicals Market Scope
