Global Anisole market size is estimated to be valued over USD 83 million in 2019 and will register a CAGR of 4.3% during the forecast period. Anisole, also known as methoxybenzene, is a colorless organic liquid compound with the formula CH3OC6H5. The product is prepared by methylation of sodium phenoxide with dimethyl sulfate or methyl chloride. It is one of the key derivatives found in natural and artificial fragrances. Besides perfumes and fragrances, the product is also used extensively in pharmaceutical industry. As such, anisole is registering significant demand from end-use industry. The trade balance is higher towards demand side – depicting large scale production demand. As such, engaged midsize companies have expanded their production capacity especially by China based players.
Growth in anisole market revenue is primarily attributed to increasing sales of personal care industry. According to the estimates, the cosmetic market stood at US$ 577 billion in 2018 and is set to register significant growth to create new market opportunity for players. Relatively higher market along with rising demand will drive the sales of anisole worldwide. The trend is quite stronger in Asia Pacific followed by Western Europe. Some macroeconomic factors has also pushed the industry to register optimistic growth. Higher per capita income, increased personal care spending, rise in young age demographics and high urbanization rate are few macroeconomic factors having impact on overall anisole market. However, the impact is relatable to its end-use industry and so has no direct impact on anisole sales. Demand for anisole has been through staggering growth phase in 2016 and 2017. This is owing to fluctuating raw material and crude oil prices and changes in government policies. The impact was quite short and industry was able to revive its growth in 2018. The growth trend is expected to continue throughout the forecast period.
Global Anisole Market Size and Forecast: By Grade Type
Based on grade, the global anisole market is segmented into 85%-90%, 90%-98%, and >98%. Among these, 85%-90% is used extensively for industrial purpose. Anisole with purity level above 98% is used for R&D purpose and in specified pharmaceutical product. 85%-90% will not only dominate the global share, but will also register fastest CAGR of 5.7% during the forecast period.
Global Anisole Market Size and Forecast: By Application Type
Based on application, the global anisole market is segmented into personal care purpose, homecare purpose, pharmaceutical, research, and others. Among these 47% of anisole revenue was generated from personal care industry and cosmetic demand.
Global Anisole Market Size and Forecast: Regional Analysis
Globally, Asia Pacific accounted for 39% of global share in 2018. Sales in Asia Pacific is dominated by China, India, and Japan. Asia has large consumer base along with presence of numerous small and midsize personal care and pharmaceutical industry. This has created good business prospects in the region. Macroeconomic factors has also boosted the overall sales of anisole. High per capita spending along with changing lifestyle are key factors boosting end-use market, which in turn leaves positive impact on the anisole industry revenue. In Asia, China generated 43% of total revenue followed by India and Japan. China and India has net population of 2.5 billion. As a result, consumer base is relatively higher compared to rest of the world.
Western Europe stands next to Asia Pacific. The region commands 438 million population. Germany accounted for 27% of regional anisole sales followed by UK and France. The region has per capita cosmetic consumption is almost 2.8X higher than that in Asia. Per capita cosmetic consumption in the region stands at US$ 479 in 2018.
Middle East and Latin America share is miniscule, however, will continue to register stable growth. The region has strong market potential, though, is affected by macroeconomic and political instability.
Global Anisole Market Size and Forecast: Competition Landscape
Key Anisole players are:
- Solvay SA
- Huaian Depon Chemical Co., Ltd.
- Westman Chemicals Pvt. Ltd.
- Food & Beverage
- Personal Care
- Research and Others
What Will You Discover in the Report?
- An in-depth analysis of the Anisole market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Anisole market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Anisole market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Anisole industry during the forecast period
- Who are the Anisole industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Anisole Industry Suppliers
- Anisole Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
Analyst access with Bekryl Market Analysts
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