Azulene Market: Introduction
Azulene is an organic chemical compound. Azulene is an aromatic nonalternant and nonbenzenoid hydrocarbon consist of six-membered rings. Azulene is an isomer of naphthalene and has a similar odor, whereas naphthalene is colorless, while azulene color is dark blue.
Dark blue colored compound with the azulene structure have known for six centuries. Azulene feature such as vetivazulene, guaiazulene, and two terpenoids are found in nature as a constituent of pigments in guaiac wood oil, mushrooms, and some marine invertebrates. Azulene is primarily synthesized by the fusion of cyclopentadiene and cycloheptatriene rings.
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Furthermore, Azulene is used as a moisturizer, skin conditioning agent, and antiseptic in the cosmetics and personal care industry. Azulene oil soothes and cleans skin after waxing, moisture skin and prevents inorganic hair growth.
Azulene is an active feature of Chamomile, and it is also known for its inflammatory properties. In the electronic industry, azulene is used in designing and developing novel advanced materials. In the advanced electronic materials include, liquid crystals, electrochromic materials, near-infrared (NIR) resonance materials, anion sensors/receptors, and molecular switches, among others.
Azulene Market: Dynamics
Market Drivers:
- Growing Demand for azulene in the development of advanced organic materials.
- Azulene is used as a derivative in the production of various types of advanced organic materials such as molecular switches and devices, liquid crystals, sensor and receptors, among others. Such advanced organic materials are used in various electronic equipment and systems. Technology development and innovation coupled with novel electronic structure has attributed the electronic industry growth in recent years. And, high traction of advanced organic materials with novel electronic structure is expected to lay a strong platform for the robust growth of the azulene market during the forecast period.
- Multitudinous application in the Cosmetic and Personal care Industry.
- Recently, the cosmetic and personal care industry coupled with increasing population has reported significant growth across the globe. Intensifying penetration of azulene in the cosmetic and personal care industry as a moisturizer, anti-flaming agent, and skin conditioning agent, etc. are projected to attributing towards market growth in the upcoming years.
Market Restraints:
- Stringent Regulations and High-Cost Chemical Compound
- Azulene is used in the development and synthesis of advanced organic materials. Azulene is a high-cost aromatic hydrocarbon and has a limited application. Such factors are anticipated to hampering the azulene market growth during the forecast period
Azulene Market: Segmentation
Global azulene market can be segmented on the basis of form, grade, application, end-use, and region.
On the basis of form, the azulene market is segmented into:
- Solid
- Liquid
On the basis of application, the azulene market is segmented into:
- Moisturizer
- Skin Conditioning Agent
- Antiseptic
- Anti-inflammatory
- Liquid Crystals
- Polymeric Conductors
- Electro-chromic Materials
- Others
On the basis of end-use, the azulene market is segmented into:
- Pharmaceutical
- Cosmetics and Personal Care
- Electronics
- Others
Azulene Market: Regional outlook
With the growing technological development and product innovation across the globe are expected to contributing in the growth of the azulene market during the forecast period. Azulene is significantly used as a derivative in the development of advanced organic materials, novel electronic structure, and advanced cosmetics and personal care products. From the regional perspective, North America is accounted prominent share in the global azulene market owing to the growing development and innovation activities in the various industries such as electronic and cosmetic industry. Well-established cosmetic and electronic industry in the North America region is projected to drive the azulene market significantly during the forecast period. Moreover, the azulene market in the Asia Pacific is estimated to capture the second largest share and is projected to register protuberant growth across the globe. Owing to the high growth of cosmetic and personal care industry in the emerging economies of the Asia Pacific region is projected to lay a strong platform for healthy growth for azulene market in the near future. Growing demand for advanced cosmetic products and novel electronic materials in Europe is expected to drive the global azulene market during the forecast period. Latin America and Middle East & Africa are projected to register healthy growth in the global azulene market during the forecast period. Rising per capita income coupled with increasing population in those regions are enhancing the demand for advanced cosmetics product which, in turn, is expected to fuel the demand for azulene in those regions.
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Azulene Market: Market participants
Some of the key market participants involved in the azulene market are as follows:
- R & D Chemicals
- Shanghai Zheyan Biotech Co., Ltd.
- Chemwill Asia Co.,Ltd.
- Haihang Industry Co.,Ltd.
- Guangzhou Fourto Sanitary Products Co., Ltd.
- HONG KONG YASHA Bio-technology Company Ltd.
- MEDIANS Co.,Ltd.
- Venus Concept
- Mainchem Co., Ltd.
- Hubei xin bonus chemical co. LTD
