The global Alcohol Synthetic Fragrance Market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are versatility longevity of these fragrances, as well as cost-effectiveness of synthetic fragrances as compared to natural fragrances.
Synthetic fragrances are very high performing scents made of synthetic/man-made materials. These are chemically induced reactions that help in creating an artificial fragrance. These are usually produced in laboratories and have been in use since late 1800s. These are known to replace natural materials, such as leaves, barks, and flowers. The palette of needed ingredients to manufacture synthetic fragrances is vast and the aroma of these are richer than natural fragrances. These amalgams of materials and artificial compounds belong to a group of substances that are known as petrochemicals. Besides, synthetic fragrance can replicate natural accords, without harming the environment.
Top Companies Operating in the Global Alcohol Synthetic Fragrance Market:
- BASF
- Firmenich.
- Vantage Specialty Chemicals
- Royal DSM
- Ashland
- FMC Corp
- Procter Gamble
- Corning
- Clariant International
- Eastman Chemical
- Akzo Nobel
- Givaudan
- Lonza Group
- Merck KGaA
- Royal Dutch Shell
- Croda International
- Emery Oleochemicals
- Solvay
- Evonik Industries
- Lanxess
- Dow Chemical
- Pilot Chemical
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The factors that drive the industry's growth are highlighted in the report. The report divides the Alcohol Synthetic Fragrance Market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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Alcohol Synthetic Fragrance Market Segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Hydrocarbon Synthetic Fragrance
- Alcohol Synthetic Fragrance
- Aromatic Synthetic Fragrance
- Ether Synthetic Fragrance
- Other
Application Outlook (Revenue, USD Billion; 2018-2028)
- Cosmetics
- Soap
- Perfume
- Others
Category Outlook (Revenue, USD Billion; 2018-2028)
- Full Synthetics
- Semi-synthetics
- Natural Isolates
Sales Channel Outlook (Revenue, USD Billion; 2018-2028)
- Direct Channel
- Distribution Channel
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Alcohol Synthetic Fragrance Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Alcohol Synthetic Fragrance Market.
The global Alcohol Synthetic Fragrance Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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