Florol Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2620
Florol Market size will witness dynamic growth from 2018 to 2024 led by its extensive use in the perfumes and frlagrance industry. The product is a colorless to pale yellow color oily liquid and is the member of the hydroxypyran chemical family. It is completely soluble in water and alcohol, both of which can be used as a base carrier for the compound.
Revolution in the fragrance and perfumes industry is driving the florol market demand largely. The global perfumes market was roughly valued over 40 billion in 2017. Growing demand for perfumes by the millennial population will boost the florol market demand in coming years. Due to changing lifestyles, increasing disposable income of consumers, purchasing power parity and rising awareness of self-grooming are some of the factors that will positively affect the florol market. People now-a-days want to look and feel good as it creates a different impression among others and also gives a certain confidence to their personality. Moreover, due to round the clock corporate life, using fragrances helps to stay fresh and comfortable. These are the factors driving the fragrance industry, which in turn will majorly fuel the florol market worldwide.
The perfumes industry will witness growth with a potential CAGR in the coming years. Due to extensive use of fragrances in personal care, perfumes and household care industry, the global florol market demand will foresee new heights in the coming years. Also, rising young population using fragrances will further augment the fragrance industry, which in turn will create new opportunities for the florol market in near future. Environmental concerns and chemicals used in the manufacturing of perfumes and other fragrances is likely to pose notable threat to the florol market growth.
Florol is extracted from flower petals and can also me industrially produced using petrochemicals. Flowers such as lily are used for florol extraction, however owing to very limited cultivation, industrial manufacturing is done from petrochemicals and involves the reaction between isovaleraldehyde and isoprenol.
Based on the application, the florol market can be segmented into personal care, perfumes and household. In personal care, the product finds its applications in shampoos, shower gels and body soaps. Florol is used in a wide range of perfumes in world-class brands such as Ralph Lauren, Dior, Lancome, Paco Rabanne, Jean Paul Gaultier, Cacharel and Estee Lauder to name a few. Apart from this, the product is also used as a building block in the production of other fragrance compound known as clarycet. With the fragrance of herbal-floral and dried fruit, clarycet is also used in various odors. In the household segment, the product finds its uses in detergents and other cleaners.
The global florol market demand is projected to increase in the next few years due to the uprising perfumes market. Giant perfumes production houses are located in the European region resulting in huge florol market demand. Countries such as France, Germany, Switzerland and Italy are the major consumers of the product in this region. Asia Pacific is projected to have the fastest growing florol markets in the coming years. The fragrance producing industry is rapidly expanding in the countries such as India, China, Malaysia and Indonesia to fuel the florol market in this region. Also, the use of florol in soaps and detergents is rising gradually. Florol market growth in the U.S. is likely to be sluggish the market there is at a matured phase. Middle East is likely to have the new and emerging florol market owing to increasing ue of fragrances.
Major players operating in the global florol market include BASF SE, Vigon International, Penta Manufacturing Company, Indukern F&F, Givaudan, Firmenich SA, Ernesto Ventos, Safewater Lines, Privi Organics, Innospec, PCW France, Srs Aromatics Limited, Taytonn, ACS International, Givaudan, Moellhausen S.p.A. and The John D. Walsh Company, Inc. to name some.
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