Anisole is an organic compound in form of colorless liquid. It is also known as methoxybenzene with the chemical formula CH3OC6H5. It smells like seeds of anise and used in perfumes, dyes, and food & beverages. It is also used as a solvent and animal pheromone. Major factor driving growth of the global anisole market is increasing demand for perfumes and pharmaceuticals among consumers. However, changing prices of raw materials may hamper growth of the global market.
The global anisole market has been segmented on the basis of application, and region. On the basis of application, the market is segmented into pharmaceuticals, perfumes, food & beverages, and dyes. Currently, perfumes segment dominates the global market and expected to witness high growth in the near future. Growing cosmetics industry in developed as well as developing countries is a factor boosting growth of the global anisole market. Pharmaceuticals segment is anticipated to account for second-highest share in terms of revenue over the forecast period, due to high demand for cosmetics coupled with health consciousness among consumers.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in Europe holds major share in terms of revenue and expected to maintain its position over the forecast period, owing to increasing demand for personal care products among consumers in this region. In addition, expanding perfume sector is another factor fueling growth of the global anisole market in Europe region. Asia Pacific market is expected to witness significant growth in terms of revenue in the near future, owing to increasing number of pharmaceutical industries especially in emerging economies. Middle East and Africa market is expected to witness lucrative growth in terms of revenue over the forecast period, owing to increasing awareness regarding cosmetics products and perfumes among individuals in this region.
Key players operating in the global anisole market include Evonik Industries AG, Atul Ltd., Surya Life Sciences Ltd., Westman Chemicals Pvt. Ltd, Sigma-Aldrich Corporation, Camlin Fine Sciences Ltd., Eastman Chemical Company, Solvay S.A., Huaian Depon Chemical Co., Ltd., and JIANGSU TIANJIAYI CHEMICAL CO. LTD.