Title: Anisole Industry Overview 2018-2024
1Anisole Market Overview, Analysis, Growth
Opportunities and Forecast
2Global Market Scenario of Anisole Market
- Anisole Market share is expected to cross USD 105
million by 2024 according to a new research
report by Global Market Insights, Inc. The market
growth will be ascribed to the upward trends
particularly in the men cosmetics area of
application by 2024. - Men across the globe have been gradually
indulging in beauty personal care products.
Demand for men-face washes and creams has
increased manifold over the years. - According to Personal Appearance Survey
statistics by Euromonitor International, in the
developed geographies, men are indulged in using
beard shampoos, beard creams, lip balms and
foundation. - Besides, as more men involve in refining their
appearance with enhanced grooming habits, it will
be vital for manufacturers to create products
aimed at male personal care, which in turn will
present significant aspects for anisole in the
cosmetics and personal care sector.
3Continue.....
The U.S. has been the most encouraging domestic
environment for the commercialization and
development of pharmaceuticals with the minimum
industry barriers. The United States attracts the
majority of global venture capital investments in
start-up biopharmaceutical enterprises The U.S.
healthcare spending increased 4.3 in 2016,
thereby reaching about USD 10,348 per person,
i.e. USD 3.3 trillion. The overall share of
regional gross domestic product (GDP) related to
health care spending was 17.9 in 2016, up from
17.7 in 2015. Significant growth aspects in
pharmaceutical sector will also propel anisole
market size during the forecast
timespan. Anisole with purity up to 99.5 was
the popular segment in global anisole industry in
2017, with a market share above 50. Leading
industry participants for instance, Atul Ltd.,
Clean Science Inc., Westman Chemicals Pvt. Ltd.,
etc. have been involved in manufacturing anisole
with purity up to 99.5.
4Anisole Market Analysis 2018 To 2024
5Key Report Insights Suggest
- Cosmetics area of application will have highest
share surpassing 35 in global anisole market.
The product is used to produce fragrances,
perfumes and various beauty care products to
offer aromatic smell. Pharmaceuticals segment
rise with CAGR 4.4 in anisole market by 2024.
The product will have robust demand for its usage
as a key precursor in manufacturing numerous
pharma solutions. - Asia Pacific led anisole market in 2017, with
market share above 30. The region has been a
significant market for anisole in various
personal care products and cosmetics. The growth
was attributed to the enhanced discretionary
expenditure, rising consumer preference to
premium product investment and the imported
personal products. - Region will also mark substantial demand for
anisole in pesticides with strong growth trends
in the agricultural sector. For instance, China
government has increasingly shifted its focus to
reforming agriculture. Several government
initiatives in India such as Paramparagat
Krishi Vikas Yojana, Pradhan Mantri Fasal Bima
Yojana etc. are aimed to propel the regional
agricultural production in the next decade. Under
Indias Blue Revolution Vision, the Indian
government has invested around USD 470 million,
with the aim to maintain an annual growth rate of
6-8 of the agriculture and allied sector.
6Industry Background
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