Fatty alcohol ethoxylates are predominantly utilized in number of end use industries such as textile, household, paper, personal care, agriculture, and others. Fatty alcohol ethoxylates market is predicted to witness moderate growth on account of their demand in various end use industries such as textiles, personal care, and agriculture. Based on type, lauryl alcohol ethoxylates and ceto stearyl alcohol ethoxylates together accounted for the largest market share on account of their wide utilization in household cleaning and personal care end use industries.
Cellulose is an organic compound which is built from polysaccharide and is present in plants. It is a natural long-chain polymer that has multipurpose uses in various industries such as veterinary foods, wood and paper, cosmetic, fibers, clothes, and pharmaceutical industries.
Organic personal care products are made from all natural ingredient, which is strictly an ingredient which has been harvested without the use of synthetic chemical compounds. Consumers are now aware of the ill effects of chemically loaded personal care products, hence demand for organic personal care products has increased in past few years.
Persistence Market Research’s new market research report titled “Glycerin Market: Global Industry Analysis 2013 – 2017 and Forecast, 2018 – 2028”, examines the market and offers critical insights for the duration between 2018 and 2028. As per the insights in the report, the glycerin market is expected to witness robust growth from 2018 to 2026 owing to rising demand for refined form of glycerin from pharmaceutical, personal care, food and chemical applications, among others.
Global revenue from the sales of perfume ingredient chemicals was valued at $5.2 billion in 2017 and is projected to reach a market value of $9 billion by 2027 end, increasing at a CAGR of 5.5% during the forecast period i.e. between 2017 and 2027. According to a new publication by Future Market Insights titled “Perfume Ingredient Chemicals Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” most of the companies manufacturing perfume ingredient chemicals focus on manufacturing fragrances and materials with synthetic chemicals. The expert analysts of Future Market Insights have observed that the personal care and cosmetics industry will witness major opportunities for growth and is all set to help market players increase their market share and business revenue.
Global Perfume Ingredient Chemicals Market: Restraints
- High cost of raw materials and lack of low tier manufacturing
- Low awareness of greener products and low production growth
- High cost of extracting raw ingredients and expensive research & development programs
- Raw material price fluctuations and high cost of petroleum based fuels
- Growing concerns regarding the harmful effects of using aggressive ingredients
On the basis of application, the global perfume ingredient chemicals market is segmented into fine fragrance, home care, laundry care, personal care, cosmetics, and others. The fine fragrance segment accounted for a significant market value share of 22.3% in 2017, followed by the personal care segment. The personal care segment is expected to remain dominant till 2027. This segment is also expected to remain the most lucrative during the forecast period.
Product type segmentation comprises synthetic aroma chemicals and essential oils. Synthetic aroma chemicals segment is further segmented into alcohols, esters, ethers, ketone, and others. Essential oils segment is sub-segmented into orange, citronella, peppermint, eucalyptus and others. Synthetic aroma chemicals segment is anticipated to witness the highest value CAGR of 5.7% in the global perfume ingredient chemicals market. Cost factor is expected to move market players to adopt synthetic products; further, a global trend towards green products is expected to create lucrative opportunities for manufacturers of essential oils owing to a growing consumer preference for herbal products.
Asia Pacific is estimated to be the most lucrative regional market in terms of revenue generation in the global perfume ingredient chemicals market, valued at $1.2 billion in 2017 and is expected to expand at a CAGR of 6.2% over the forecast period. Within the Asia Pacific, China & India are expected to remain in a dominant position for perfume ingredient chemicals demand. In terms of growth, following the Asia Pacific are several European countries such as Italy, France, and U.K. A noteworthy increase in sales in other developing markets such as Brazil, Russia, Turkey, GCC countries and South Africa is anticipated over the forecast period.
Sensient Technologies Corporation, BASF SE, Eternis Fine Chemicals, YingYang (China) Aroma Chemical Group, KDAC CHEM Pvt. Ltd., Frutarom Harmony Organics Pvt. Ltd., Atul Ltd, GODAVARI BIOREFINERIES LTD, Givuadan Firmenich, International Flavors and Fragrances Inc., Symrise, Takasago International Corporation, MANA SE, Robertet SA, T. Hasegawa USA, Huabao International Holdings Limited, Zhejiang, Xinhua Chemical Co., Ltd, Henkel AG & Co KGaA ADR, and Charkit Chemical Company LLC are some of the leading companies operating in the global market that have been profiled in this report.
Greyboard is a 100% recycled, low grade thick sheet. Greyboard also known as chipboard, is considered as a more economical alternative of wooden boards. With the rising concerns regarding the usage of plastics have resulted in hiked demand for paperboard packaging solutions which has aided in growth of greyboard market globally.
There has been a radical change in the expectations for the everyday comforts of individuals. The increasing awareness about the chemicals and other ingredients utilized in the products will leave a positive effect on the product market. The expanded focal point of the geriatric populace on anti-aging products is considered to fuel the personal care chemicals and ingredients market.