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Benzenoid Market Size

ID: MRFR//3017-HCR | 135 Pages | Author: Anshula Mandaokar| July 2024

The Benzenoid market plays a role along with a number of the factoers the majority of which have an effect on the market´s patterns and its growth. Indisputably, the main catalyst is the continually growing need to implement benzenoid compounds in pharmaceutical, fragrance and agrochemical companies. Benzenoids constitute aroma affected chemical molecules that act as foundation blocks in the production of different chemical composites which are associated with the entire pharmaceuticals, perfumes and agricultural ventures.

The Benzenoid market being highly regulated featuring standards veys a key role in it. The regulation bodies in place are to limit the polluting capacity of these hydrocarbons and prevent adverse effects on the environment as well human health. Besides guaranteeing the safety and the sustainably of benzenoid-based products, manufacturers' compliance with these regulations also influences industry efforts to practice responsible behavior and aligned with global goals of environmental conservation.

The global economic climate if frequently directly the Benzech market. The exchange rates of the currencies, the geopolitical vagaries, and important macroeconomic statistics (such as inflation and fluctuation in output) can greatly affect production costs, pricing, and the general stability of the market. The other reason is that economic downturn of basic industries, such as pharmaceuticals and cosmetics, has immediate negative effect on the demand of benzenoid compounds which are the essential constituents of end-product formulation. Traders and suppliers who work in such a market face the necessity to keep pace with and to get used to new economic conditions in order to make the business right and quality decisions.

Technology and innovation are the axial factors boosting the Benzenoid market. Discoveries of new synthesis methods, techniques for purification, and the applications in benchmarking compounds are arise due to continuity of research and development activities. The introduction of new methodologies during the manufacturing process, however, boosts productivity, allowing the manufacturers to supply the high demand for variations of benzenoids while remaining profitable and with minimal environmental impact.

End-user inclination on use of Benzenoids and trends in the industry influences the market characteristics of Benzenoids. There has been a transformation in fragrance and cosmetics industries where the need of natural and sustainable commodities has pushed the market to bio-based benzenoid compounds. Besides, the research activities for the drug discovery and development by the pharmaceutical industry which are aimed at generating new benzenoid derivatives with advanced therapeutic profiles.

The proximity or distance from the country of origin can create different demand patterns in the Benzenoid market. The micro economic management of European Union member countries through varying regional regulations, raw materials availability, and industry requirements limit the market dynamics in different areas of the world. Regional differences mandate unique market approaches from manufacturers, including full compliance with local standards and adapting to regional market exigencies ( e. g. trade deals, cultural, and legislative preferences).

Covered Aspects:

Report Attribute/Metric Details

Benzenoid Market Synopsis

Benzenoids belong to a special class of aromatic organic compound which contain one or more benzene ring such as naphthalene, anthracene, phenanthrene, pyridine, and others. Naturally, they are found in leaves & flowers, oil, and wood & bark. They are widely utilized in numerous application such as cosmetics & personal care, soap & detergent, household products, food & beverage, and others, owing to its aroma and scent.

As per our analysis, some of the important market factors and trends identified in the global Benzenoids resin are, growing awareness, increasing consumption of flavored dairy products, rising population. Rising number of working professional coupled with increasing per capita disposable income is expected to boost up the demand for Benzenoid over the forecast period. Rising usage of Benzenoid in the manufacturing of personal care products along with increasing demand for cosmetics & personal care products is predicted to fuel the growth of the market during 2017 to 2023. Moreover, increasing demand for aromatic soap and detergent along with growing public laundry sector is estimated to give a new momentum to the demand for Benzenoids. Additionally, rapid expansion of end use industries in developing countries is expected to positively influence demand patterns. Moreover, changing lifestyle and growing purchasing power of people are some other factors which are expected to positively influence the growth of the market.

Benzenoid Market Segmentation

The Global Benzenoid Market is classified on the basis of type, application, and region. On the basis of type, the market is bifurcated into natural and synthetic. On the basis of application, the market is categorized into food & beverage, cosmetics & personal care, soap & detergent, household products, and others. On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players

Some of the prominent players operating in the Global Benzenoid Market are BASF SE (Germany), Sigma-Aldrich Co. LLC. (U.S.), The Good Scents Company (U.S.), International Flavors & Fragrances (U.S.), Givaudan (Switzerland), Firmenich (Switzerland), Quest International (the Netherlands), Takasago (Japan), Haarmann & Reimer (Germany), Sensient Technologies (U.S.), and others.

The Global Benzenoid Market Share by Application (2016), (%):Benzenoid Market

Regional Analysis:

The Global Benzenoid Market is categorized into five regions namely– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Europe emerged as the leading Benzenoid Market in 2016, driven by the growth of various end use application such as cosmetics & personal care and soap & detergent. Europe region was estimated to account for around 38% of the overall volume share in 2016, and is expected to grow with the steady CAGR during the assessment period. European countries such as Germany, Russia, Spain, UK, France, and Italy have emerged as the major contributors in the regional Benzenoid Market growth and is expected to continue their dominance during the review period on account of wide utilization of Benzenoid in cosmetics and personal care products.

North America is estimated to witness a substantial growth in Benzenoid Market due to a strong consumer base for various industries along with the rising investments to revitalize food & beverage sector over the forecast period. In North American region, countries such as the U.S. and Canada are among the prominent contributors in the regional growth of Benzenoid Market and are predicted to see a significant demand for Benzenoid during the assessment period, 2017 to 2023. The U.S accounted for the largest market share and is followed by Canada in terms of value and is predicted to grow with the moderate CAGR due to growth in pharmaceutical sector.

Asia Pacific regional market is predicted to grow with the highest CAGR over the assessment period, (2017 to 2023) on account of expansion of various end use application such as soap & detergent, cosmetics & personal care, and household products. The demand for Benzenoids is predicted to surge in numerous countries of the Asia Pacific such as Malaysia, China, Thailand, India, Vietnam, and South Korea due to growing demand for cosmetics and personal care products. In Asia Pacific, China and India are predicted to hold the major market share in terms of volume and is estimated to continue their dominance due to increasing purchasing power, availability of cheap labor & land, and soberly strict regulatory framework. Latin American countries such as Argentina, Brazil, and Colombia are predicted to dominate the regional market share on account of rising consumer spending on beauty care products and strong presence of personal care brand names. The Middle Eastern & African countries such as Oman, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are among the major contributors in the regional market growth and is estimated to positively influence the end use industries growth over the forecast period.Recent DevelopmentMay 2021 - The National Institutes of Health (NIH) in the United States discovered that pesticides like lindane and metalaxyl increase the risk of thyroid cancer. Advanced-stage thyroid cancer and non-aggressive thyroid tumors are becoming more common. However, environmental pollutants, such as pesticides, may have a role in this growth, according to researchers, especially given the widespread use of pesticides in the general population. According to the study, metalaxyl (benzenoid fungicide) and lindane (organochlorine insecticide) raise the incidence of thyroid cancer. Thyroid cancer shows an inverse relationship with high levels of carbaryl (a carbamate pesticide). Furthermore, chlorimuron-ethyl (herbicide) has an inverse relationship with papillary cancer, a prevalent thyroid cancer subtype.

Geographical Analysis:

The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Intended Audience


  • Benzenoid Manufacturers

  • Traders and Distributors of Benzenoid

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory

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