The new report by Expert Market Research titled, ‘Global Anisole Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global anisole market, assessing the market based on its segments like purity, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 94.09 Million
- Forecast CAGR (2022-2027): 14%
- Forecast Market Size (2027): USD 127.11 Million
The increasing use of anisole in the production of perfumes and other cosmetic products is driving the growth of the anisole industry. The growing purchasing power, rising need to improve one’s physical appearance, and brand promotions can also be attributed to the incremental development of the anisole industry in the cosmetics sector. The manufacturing of dyes and the utilisation of anisole is also playing a critical role in the development of the market. Moreover, the use of anisole in various other industries, such as pharmaceuticals and electronics, is also bolstering the growth of the market. All these factors are providing impetus to the development of the anisole industry.
Industry Definition and Major Segments
Anisole, also called methoxybenzene, is an organic clear liquid with an aromatic odour. It has the same density as that of water and is insoluble in water. It is chemically transformed and used in various industries, such as pharmaceuticals, cosmetics, and as a solvent in electronics.
The anisole industry, by purity, is divided into:
- Up To 99.5%
- Above 99.5%
Based on application, the market can be segmented into:
The regional markets of anisole include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The ambitious target of several governments across the globe to increase the biofuel content in the transport sector is fuelling the market growth of anisole. This is because research is being conducted to use alternative fuels like ternary blend that is composed of anisole (15%) in spark-ignition engines. These fuels are expected to reduce greenhouse gas emissions by 11-22% as compared to base gasoline. Moreover, the initiatives taken by leading industry players to escalate their market potential is also contributing to the development of the anisole industry. For instance, Solvay SA offers anisole for a wide range of applications, such as a solvent for chemical reactions, synthesis intermediates, and electronics.
Key Market Players
The major players in the market are Solvay SA, Westman Chemicals Pvt. Ltd., Benzo Chem Industries Pvt. Ltd., Huaian Depon Chemical Co., Ltd., and Clean Science and Technology Private Limited., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.