Global Anisole market size is estimated to be valued over US$ 83 Mn in 2019Posted by Hannah Brown on July 13th, 2019 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. To know more, click here: https://bekryl.com/industry-trends/anisole-market-share-analysis 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. Global Anisole Market Size and Forecast: Competition Landscape Key Anisole players are:
Industry Segmentation By Grade:
By Application:
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