Fatty Alcohol Ethoxylates Market Sees Moderate Growth

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.

Global Glycerin Market to Witness Rapid Development

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.

Perfume Ingredient Chemicals Market Smelling Sweet

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

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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.

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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.

Personal Care Chemicals and Ingredients Market to Reflect Steadfast Expansion

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.