The global anisole market is projected to have a moderate-paced CAGR of 5.50% during the forecast period. The current valuation of the market is US$ 100.64 Million in 2022. The market value of anisole is anticipated to reach a high of US$ 171.90 Million by the year 2032. A historical market valuation of US$ 95.39 Billion has been recorded in the analysis conducted by Future Market Insights.
Report Attribute
Details
Market Value (2022)
US$ 100.64 Million
Market Anticipated Value (2032)
US$ 171.90 Million
Market Projected Growth Rate (2022 to 2032)
5.50%
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Anisole Underlines a Plethora of Uses Across Diverse End-use Industries
It is identified that the anisole market is witnessing an unprecedented surge over the past few years. There has been robust growth in market shares from the base year to the current. The change of dynamics in the market can be attributed to the wide number of usages of anisole in different industries.
Anisole is having high demand from the pharmaceuticals, cosmetics, and food & beverages industries. It is highly getting employed as an intermediate in the manufacture of dyes, which is expected to fuel the rise in market shares through the forecast period.
Additionally, it is observed that owing to the surge in disposable income, the urban populace across the globe is spending a lot on luxury products. There is a high sale of perfumes identified during the period 2017-2021. This is estimated to be a key demand driver augmenting the anisole industry growth through 2032.
Upscaling demand for scents, creams, and other cosmetic products is likely to propel the industry’s expansion. Moreover, anisole is also highly being adopted across the pharmaceutical industry for the manufacture of multiple ailments. The government across developing economies is formulating supportive regulations towards the use of anisole for manufacturing pharmaceutical products.
The manufacturers in the anisole industry are also deploying technological innovations that are aimed at improving the process of manufacturing. This is likely to yield products with high purity levels, which is estimated to have an assertive influence on the growth of the anisole market.
Although the market is having positive growth, it is estimated that certain elements prevailing in the industry are likely to curb the growth in the long run. There is volatility in the price of raw materials and the concerns related to the availability of these raw materials are anticipated to impede the expansion of the market through the forecast period.
Take of Key Industry Players to Strengthen their Foothold
Due to the existence of numerous international and regional companies, the market for anisole is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.
Anisole, also known as methoxybenzene can be described as an organic compound and colourless liquid with smell similar to that of anise seed. Anisole is prepared synthetically and is a precursor of other synthetic compounds and it is an ether.
The chemical formula of anisole is CH3OC6H5. Anisole has a good solubility in diethyl ether, ethanol, benzene, chloroform, toluene and most of the organic solvents. It is used as a solvent, insect pheromone, and as an intermediate in manufacturing of dyes, fragrances, pharmaceuticals, etc.
Anisole is generally supplied to end-users in drums or specially constructed tanks for hazardous liquids commonly called as ISO TANKS. Anisole suffers electrophilic aromatic reaction quicker than benzene, which reacts relatively quicker than nitrobenzene. Anisole is produced by the reaction of sodium phenoxide with methyl bromide and Williamson ether synthesis.
Rapid industrialization along with rising use of intermediate chemicals for manufacturing of other products such as polycarbonates, and detergents is expected to promote the expansion of capacity over the forecast period. It is utilized in manufacturing nanoparticles (tin oxide) and inorganic complexes, rising the demand for anisole, which is expected to boost the market growth.
The compound is an important raw material for producing Guaiacol, MEHQ & 4-MAP.
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Global Anisole Market: Dynamics
Increasing demand for fragrance products such as creams, scents, perfumes will push the industry penetration over the upcoming years. Moreover, improved manufacturing process as well as technological innovations to increase the demand of products with high purity levels will have a progressive impact on the market.
Strong manufacturing base of fragrance products coupled with increasing demand in countries like Germany, U.S., Brazil, Mexico and Saudi Arabia is expected to drive the global anisole market.
Apart from these products, anisole finds its application in pharmaceutical industry as an intermediate chemical. Requirement of these products in higher amounts triggers the growth of anisole market in a large scale even in developing countries.
Raw material availability and price volatility remain as one of the largest challenges in the global anisole market. Further, stringent environmental regulations and less storage time of anisole is the key reason restraining the growth of global anisole market.
In addition, exposure to the product above acute limit can cause serious health related problems including irritation in eyes, throat burning, etc. which in turn hamper the growth of global anisole market.
Application of anisole as insect pheromones is anticipated to provide significant opportunities in the market over the forecast period.
Global Anisole Market: Region-wise Outlook
Considering regions, Europe accounts for a larger share in the global anisole market and will show a significant growth in France, Germany, and the U.K. since the need for cosmetic products are increasing swiftly. Rising awareness among the youth regarding grooming and beauty care promotes global anisole market over the forecast period.
Asia-Pacific is expected to witness the highest growth over the forecast period owing to the rising pharmaceutical industries in India, China, Malaysia, Thailand and Vietnam. Latin America is the evolving region for perfume industry and is expected to grow at a significant rate.
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Global Anisole Market: Market Participants
Examples of some of the market participants in the anisole market identified across the value chain include SIGMA-ALDRICH Co. LLC, Atul Ltd., Solvay S.A., Westman Chemicals Pvt. Ltd., Parchem fine & specialty chemicals, Evonik Industries AG, Huaian Depon Chemical Co., Ltd., JIANGSU TIANJIAYI CHEMICAL CO. LTD., Kessler Chemical, Inc., Shaanxi Top Chemical Co., Ltd., Yasho Industries Pvt., Ltd., Hangzhou Haichem Co., Ltd. among others.
Manufacturers are employing latest technologies for manufacturing of anisole which includes acetylation, acylation and electrophilic aromatic bromination. Among the various technologies, electrophilic aromatic bromination is the most employed technology as it enhances their reactivity and increases energy among the anisole molecules.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Anisole Market: Segmentation
The global anisole market can be segmented on the basis of application as follows;
Dyes
Perfumes
Pharmaceutical products
Others (food products, etc.)
Frequently Asked Questions
What is the Growth Outlook for Anisole Market?
The market is likely to register a CAGR of 5.50% through 2032.
What is the Current Valuation of the Market?
The market is currently valued at US$ 100.64 Mn in 2022.
How is the Future of the Market?
The market is likely to grow to a valuation of US$ 171.90 Mn by 2032.
Which is the Leading Region in the Market?
Europe is likely to be a leading market during the forecast period.
