Cosmetics

Cosmetics applications to significantly impact glutathione market trends over 2019-2025

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Glutathione market outlook is expected to majorly transform over 2019-2025 due to rising demands for skincare products as well as growing health concerns due to the prevalence of lung and heart problems caused by unhealthy lifestyle and deteriorating air quality.

U.S. Reduced Glutathione Market Size, By Application, 2018 & 2025, (Kilo tons)

U.S. Reduced Glutathione Market Size, By Application, 2018 & 2025, (Kilo tons)

Glutathione is extensively used for producing supplements and rising trend of supplement intake across the globe will proliferate glutathione market share. Due to detoxifying and oxidative stress reducing properties these supplements have been found to be effective in treating health and skin issues and enable the human body to withstand foreign bodies.

Glutathione is a powerful antioxidant found in every cell in the body and is made up of amino acids. Amino acids combine in different patterns to constitute proteins in the body. Glutathione is unique because it is produced in the liver unlike other antioxidants. It helps to synthesize chemicals and proteins in the human body, which further boosts immunity and cure diseases.

Glutathione has various functions, including DNA production, sperm cell formation, breaking down free radicals, regenerating vitamin E and C, assisting apoptosis (normal cell death), transporting mercury out of the brain, supporting immune function etc. Deficiency of glutathione or decreased glutathione levels in the human body can lead to serious health issues. Oral glutathione supplements and injections can help maintain glutathione levels. Due to the essential nature of the product, glutathione market trends are slated to majorly proliferate over the forecast period.

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In a study conducted by the Baylor School of Medicine to measure impact of glutathione on insulin resistance in aging and mitochondrial fat burning, it was determined that correcting a glutinous deficiency can improve impaired mitochondrial fat burning and insulin resistance in aging patients.

With respect to cancer, glutathione metabolism plays both protective and pathogenic roles. It is important in the removal and detoxification of carcinogens. Any alterations in this pathway can have a significant effect on cell survival. Nevertheless, by aiding resistance to a few chemotherapeutic drugs, increased levels of glutathione in tumor cells are able to protect such cells in breast, larynx, colon, bone marrow and lung cancers.

Due to wide ranging pharmaceutical application, the U.S. glutathione market value is estimated to exceed $20 million by the end of the forecast timeline. Increasing R&D activities in the country to utilize the product more efficiently in drug formulation is expected to propel the regional glutathione industry growth.

The rise in demand of glutathione in cosmetics is anticipated to boost glutathione market growth. Glutathione is an effective antioxidant and plays an important role in DNA synthesis and repair, amino acid transport, enzyme activation and protein synthesis. Moreover, glutathione products are now massively used for skin whitening purposes, that are largely marketed via social media. Internet penetration and demand for skin whitening as well as anti-aging products are expected to augment glutathione market size.

The discovery of glutathione’s anti-melanogenic properties has led to its promotion as a skin-lightening agent. It is widely used for this indication among some ethnic populations. Skin fairness products include skin-lightening and whitening creams, face washes and lotions. This sector is one of the fastest growing segments of the global beauty industry, particularly in Asia and Africa, and is estimated to surpass more than $30 billion by 2024.

India has one of the fastest growing glutathione markets as the country witnesses an annual spending of $450 million on skin fairness products. Glutathione market in India is estimated to record considerable gains amounting to over 5.5% over 2019-2025 from cosmetics application. The product, due to wrinkle reducing and skin lightening characteristics, is used for manufacturing soaps and creams in personal care industry. Mounting demand for creams owing to increasing expenditure on personal appearance will fortify glutathione industry growth.

However, there is a dichotomy between evidence to support its efficacy and safety. The hype around its de-pigmentary properties may be a marketing trick of pharma-cosmeceutical companies.

Glutathione is available in topical, parenteral and oral forms. Even though the use of intravenous glutathione injections is prevalent, its efficacy has not yet been proven. Moreover, the side-effects triggered by intravenous glutathione have led the FDA of Philippines to issue a public warning, reproving the use for unapproved medications such as skin lightening. These factors may hamper product demand. However, the extensive utilization of glutathione products in healthcare sector for curing numerous diseases is anticipated to expand glutathione market size in the years to come.

Author NameAakriti Kakkar

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Rising automobile manufacturing trends to fuel glycol ether market size over 2019-2025

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Touted as an essential component across a slew of household and industrial applications, glycol ether market size has increased with concurrent expansion of the chemicals, cosmetics, personal care, paints and pharmaceutical sectors worldwide. As a vast number of products manufactured in these segments are water-based, effective solvents are needed to ensure their stability, shelf life and performance. Supposedly, a variety of product formulations and element combinations would not be possible without the presence of glycol ethers to support their reactions.

U.S. Ethylene Glycol Propyl Ether (EGPE) Market Size, By Application, 2018 & 2025, (Kilo Tons)
U.S. Ethylene Glycol Propyl Ether (EGPE) Market Size, By Application, 2018 & 2025, (Kilo Tons)    

Glycol ethers are applicable in the production of electronics and rubber products, while paints and coatings utilized by automotive OEMs represent a vital segment where glycol ether industry share could witness steady expansion in the years to come. Painting of vehicles represents one of the most critical coating applications, with end products ranging from passenger cars and bikes to all kinds of trucks. Basecoats or clearcoats and topcoat enamel finishes are applied by OEMs during assembly using various paint systems, and glycol ether-based solvents are now being preferred due to their high solvency and evaporation rates.

Suitable coatings provide various aesthetic benefits like enhanced shine and color, along with protecting against UV rays which can fade the exterior paint of a vehicle. Considering few other advantages of these solvent-based coatings and the number of vehicles produced each year, glycol ether market is poised to witness steady demand over the coming years. Evolving automotive sector, which is highlighted by increased preference towards more eco-friendly production processes, will further strengthen the industry outlook.

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Asia-Pacific (APAC) region boasts of the largest population base as well as some of the fastest growing economies in the world. Not only has the region produced many leading automakers, but car companies form Europe and North America have also established a significant operational presence in the area. Unsurprisingly, auto manufacturing has provided a major boost to the economic growth and created tremendous opportunities for other business verticals, including glycol ether industry.

Referring to data released by the OICA, in 2018 China, India and Indonesia had manufactured more than 34.3 million vehicles combined, indicating the vast prospects benefiting the supportive industries in the region. Driven by rising disposable incomes and the development of more fuel efficient vehicles, the automobile segment in the region can be expected to grow at a considerable pace, in turn generating increased demand for effective paints and coatings. Subsequently, the segment could lead to augmented consumption of glycol ether solvents in APAC over the forecast period.

China’s state-owned automobile company, SAIC, had confirmed in late 2018 that a new $2.5 billion plant in Shanghai would be built under its joint venture with Volkswagen AG, where the German carmaker’s Audi branded vehicles will be produced. Production at the facility, having a 300,000 annual capacity, is likely to commence from 2020. In addition, SAIC had unveiled recently that it could invest nearly $350 million in India for setting up another manufacturing unit in the country for its MG brand. Similar expansion plans will drive glycol ether market outlook favorably from the paints & coatings segment.

The advent and growing popularity of electric cars (EVs) could reinvigorate glycol ether industry trends, since these vehicles are fast replacing their combustion engine predecessors on assembly lines and on the roads. Accelerated production of EVs globally will simultaneously propel the demand for glycol ether-based solvents to ensure that high-performance and efficient coatings are applied to them, which additionally provide other chemical benefits. For instance, Chinese firm BYD recently signed a deal with an Australian company to build EVs in Adelaide by 2020.

Evidently, a broad application scope and a fast growing automotive sector will significantly foster the consumption of glycol ether based paints and coatings. Globally, glycol ether market size is predicted to exceed $8.5 billion in annual revenues by 2025, outlined by the presence of key industry participants like Exxon Mobil, BASF SE, Dow Chemical, SABIC, Shell and HanNong Chemicals.

Author NamePankaj Singh

APAC sodium metasilicate pentahydrate market to showcase an appreciable CAGR over 2019-2025

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Sodium metasilicate pentahydrate market is gaining immense traction owing to proliferation in the global textile industry. Acknowledged for its fast dissolving capability, sodium metasilicate pentahydrate (SMP) is mainly used as a builder in soaps and detergents. SMP is preferred in liquid detergents due to its high-water solubility (36%). It is also a strong buffering agent which can avoid large changes in pH and can protect surfaces against corrosion. In addition, SMP can be used as hardening accelerator of cement slurry.

U.S. 29% Sodium Metasilicate Pentahydrate Market Size, 2018 & 2025, (Kilo Tons)

  U.S. 29% Sodium Metasilicate Pentahydrate Market Size, 2018 & 2025, (Kilo Tons)

With rapid urbanization and increased standard of living, the demand for washing products, cosmetics, cleaning agents and construction materials has increased significantly in the past couple of years, supporting utilization of SMP. Significant technological advancements and developments of new cleaning products have enhanced the penetration of detergents in developing countries, boosting market share.

In the textile industry, SMP is used as a hydrogen peroxide (H2O2) stabilizer in cotton bleaching processes and jeans & stone washing. Being alkaline, the product used extensively to manufacture various types of detergents pertaining to its grease and oil removal and cleaning capability. It also has a detergent and buffering action which supports removal of oils, soil, and grease from cloth and works as a soil anti-re-deposition agent.

SMP finds growing application in laundry detergent which will stimulate market growth across the healthcare, hospitality and textile industries. Increasing disposable incomes and government regulations promoting hygiene in numerous manufacturing industries will further drive sodium metasilicate pentahydrate market share.

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The U.S. Food and Drug Administration (FDA) has recognized SMP as safe for use in sanitizing solutions for food contact surfaces, denuding agent in boiler water, and as hog scald agent for hair removal. The product is also regulated by the Environmental Protection Agency (EPA) and Reregistration Eligibility Decision (RED) approved.

Proliferation in textile industry is anticipated to propel product demand in the coming years. For instance, the Indian textiles industry was estimated to reach US$ 250 billion by FY 2019. Whereas the country’s overall textile exports, accounted at US$ 39.2 billion in 2018, was predicted to increase to US$ 82.00 billion by 2021, claims India Brand Equity Foundation (IBEF) reports.

Rapid surge in cement consumption will boost sodium metasilicate pentahydrate market size. SMP works as a connecting agent in the production of refractory cements and offers enhanced properties like hardness, mechanical and chemical resistance. It is used to protect components in high temperature manufacturing processes. SMP is also used as an additive to accelerate cement curing process and in the making of fire doors and wall partitions.

With growing application in the construction sector, sodium metasilicate pentahydrate market size will expand significantly over the years ahead. For instance, The ICE (Institution of Civil Engineers) claims that as per a new report ‘Global Construction 2030’, the volume of construction output is expected to grow by 85% to reach $15.5 trillion by 2030 worldwide, with countries including China, U.S. and India accounting for 57% of overall global growth. Shifting focus of government toward increasing infrastructure spending will accelerate market size.

Asia Pacific sodium metasilicate pentahydrate market size is expected to grow significantly owing to increased cement consumption in the residential & non-residential construction sector like development of metro projects across countries comprising India and China. The region’s booming healthcare industry has also stimulated cement demand which is likely to accelerate market growth.

China’s share in the global construction market is increasing marginally in recent years. Global Market Insights, Inc., claims that China 99% sodium metasilicate pentahydrate market share from flameproofing applications hit US$ 12.5 million in 2018. This will augment APAC industry size considerably.

India construction market is anticipated to grow almost twice as fast as China by 2030, providing new growth opportunities for APAC sodium metasilicate pentahydrate market players. Rapid growth in India’s urban population will also escalate cement consumption in the coming years – the UN World Population Prospects 2019 claims India to have a population of 1.65 billion by 2059.

Sodium metasilicate pentahydrate is commonly used as a cleaning agent in dishwasher and laundry detergent. Rapidly growing textile and construction industries across economies like China and India have stimulated business outlook.

Reports from Global Market Insights, Inc, estimate sodium metasilicate pentahydrate market to exceed US$ 875 million by 2025.

Author NameMateen Dalal

Global benzalkonium chloride market to witness augmented demand from food & beverages sector over 2019-2025, pharmaceutical applications to fuel the industry growth

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Increasing consumption of various consumer and industrial products has led to a steady expansion of the global benzalkonium chloride market, in conjunction with the surge in disposable incomes of the working class population. The compound is effective as a disinfectant and preservative across food & beverage, pharmaceutical and chemical applications, being extensively found in nasal and ophthalmic medicines. Benzalkonium chloride is usually deployed as an antibacterial agent and surfactant in several household products like hand wash and hand wipes, along with personal care products and ointments. An augmented demand for such everyday products worldwide owing to rising population and higher consumer spending will reinforce the position of the benzalkonium chloride industry over the next few years.

U.S. Benzalkonium Chloride Market Size, By Application, 2018 & 2025, (Kilo Tons)
U.S. Benzalkonium Chloride Market Size, By Application, 2018 & 2025, (Kilo Tons)

Essentially, the pharmaceutical and cosmetic segments represent two key business verticals where the compound has made a significant impact. It helps preserve the efficacy of medicines while the antimicrobial activities help protect make-up products from disintegrating and increase their quality. Subsequently, consistent consumption of cosmetics and pharmaceuticals will offer considerable momentum to the benzalkonium chloride market throughout various regions. The size of the global pharmaceutical sector is projected to reach US$1.43 trillion by 2020 itself, suggesting vast opportunities for the industry. Narrowing the market potential in terms of using benzalkonium chloride as preservative in eye drops, Bayer and Regeneron’s ophthalmic drug Eylea alone had recorded sales of around US$6 billion in 2017.

Expounding the scope of the benzalkonium chloride industry in the food and beverage sector

In essence, the food and beverages industry require suitable disinfecting and sanitizing chemicals for food contact surfaces, to ensure bacteria and other microorganisms are eliminated and the product is not spoilt while in transit or before consumption. Quaternary ammonium compounds such as benzalkonium chloride can counter a wide range of microbes and are applied in appropriate quantities by food producers. The constantly growing demand for packaged food and bottled drinks has made it necessary to tackle all possible threats to health safety and food shelf life, bringing in substantial proceeds for the benzalkonium chloride market. Several reported cases of food-related diseases has notably spurred businesses, government agencies and research organizations to address likely health risks posed by various food-grade chemicals.

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Referring to a study undertaken by the University of Veterinary Medicine, Vienna, certain strains of gram-positive Listeria seem to be resistant to quaternary ammonium compounds, including benzalkonium chloride disinfectants, and display quite low sensitivity to them. An estimated 47.8 million cases of foodborne illnesses care recorded in the U.S. every year, indicating the enormous need for enhancing food safety. Europe also witnesses nearly 23 million people suffering due to the intake of unsafe food annually, according to WHO. The benzalkonium chloride market is slated to accrue remarkable gains over the forecast timespan from accelerated efforts by food manufacturers to adopt effective sanitizing and disinfecting practices.

Within the beverage industry, compounds can be used for cleaning milking equipment, bulk tanks and other surfaces that come in contact with organic milk or similar products. Milk and other dairy offerings are witnessing consistent rise in demand and producers are required to clean and sanitize any equipment, storage tanks and packaging before utilization. Benzalkonium chloride products are also available as sanitizers for PET as well as glass bottles in which numerous beverages are sold. As evident, the beverages segment is bound to provide significant revenue prospects to the benzalkonium chloride industry.

In a nutshell, a number of critical applications in the food and beverages segment will fuel the development of the global benzalkonium chloride market, which is anticipated to surpass billion dollar valuation by 2025. Prominent companies outlining the competitive dynamics of the industry include  Dishman group, Jinshan Jingwei Chemical, Manav Aktteva Biopharma LLP, Merck Millipore and Novo Nordisk.

Author NamePankaj Singh

North America soy chemicals market to emerge as a pivotal regional contender over 2018-2024, escalating demand for soy-based food products and medicines to fuel the industry expansion

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Pertaining to the surging importance of soybean pertaining to its many medicinal benefits, soy chemicals market has emerged as one of the most profitable spheres of the healthcare cosmos. Experts assert that the consumption of soy can lead to a reduction in cardiovascular diseases, breast cancer, as well as cosmetic and dermatological problems. In addition, soy injections help patients with diabetes mellitus to improve metabolism. Considering the nutritional benefits of soy, most of the nutritionists have been encouraging the consumption of soy and its food derivatives that has resulted in the demand upsurge for soy-based drugs and food products on a large scale. On these grounds, several medical companies have been developing soybean oil-based medicines, providing a push to soy chemicals market trends.

U.S. Soy Polyols Market Size, By Application, 2017 & 2024, (Kilo Tons)

Nowadays, several restaurants and food companies have been making tall claims about having incorporated heart-healthy oils in their products such as dressings, bottled oils, baked goods, snacks, and dips to attract more consumers who have been trying to reduce the inclusion of saturated fat in their diet. The U.S. is one of the largest producers of soybean, accounting for more than 30 percent of worldwide production.  In America, soybean is one of the most used ingredients owing to its health potential. In this regard, the U.S. Food and Drug Administration (FDA) has been providing suitable support to pharmacies and biomedical companies that have been involved in the development of soybean oil-based medicines for reducing the risks associated with coronary heart disease and cancer.

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Recently, the agribusiness and food ingredient company, Bunge North America received an approval from the U.S. FDA for its claim related to the consumption of soybean oil and its connection to coronary heart diseases. With its versatile portfolio, Bunge is continuously striving to disseminate the importance of soybean oil and its health benefits. Moreover, facilitated with in-depth scientific and clinical research, Bunge is looking forward to strengthening its business with strategic acquisitions and joint ventures. The growing North America soy chemicals industry is slated to generate such attractive business opportunities for players such as Bunge over the years ahead. Indeed, driven primarily by Canada, U.S., and Mexico, North America soy chemicals market, claim estimates, will register a CAGR of more than 5% over 2018-2024.

In order to target the leading consumers of soybean and its food products, globally renowned companies have been establishing suitable partnerships to commercialize their activities by reducing import costs. Validating the aforementioned fact, on February 2018, Cargill and Archer Daniels Midland company formed a JV to supply soybean meal and oil across Egypt. This JV has also acquired the crush plant of the Egypt based oil company located in Borg Al-Arab. In addition, Cargill also has been investing to expand its daily crush capacity from 3000 metric tons to 6000 metric tons with which it will decrease the soybean meal imports in Egypt. This strategy will help Cargill to expand its business across Egypt and North Africa to enhance its customer base by supplying affordable, safe, and healthy food. With the adoption of such business tactics, the players in the soy chemicals market are aiming to utilize their existing facilities and infrastructure in order to meet the growing regional product demand.

The increasing popularity of soybean oil and its byproducts among the manufacturers of consumer and industrial products over petroleum and other hazardous ingredients is slated to stimulate the industry trends over the years ahead. In addition to medicinal usage, the deployment of soybean products for manufacturing coatings, plastics, solvents, adhesives, rubber, and lubricants will also have a positive influence on business growth. Driven by the rising number of facility expansions, soy chemicals market size is anticipated to be pegged at USD 44.5 billion by the end of 2024.

Author Name : Sunil Hebbalkar

Fragrance ingredients market to garner substantial proceeds from fine fragrances & perfume applications: global industry to be characterized by a plethora of novel product innovations over 2018-2024

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Driven by the escalating demand recorded on a global scale for cosmetics and perfumes, fragrance ingredients market is anticipated to make remarkable progress over 2018-2024. It is to be noted that one of the factors that has greatly influenced the direction of the modern fragrance industry is stringently meeting consumer demand which in turn has also extended its influence on the fragrance ingredients market. Formulators are apparently reinventing perfumes for personal products to create new scents that will attract and satisfy a much wider and diverse segment of consumers all over the globe. The fragrance industry encompasses key players across the skin care, makeup, hair care and bath products manufacturing sectors that set the shape, trend, concept and strategies for this business sphere, thereby influencing fragrance ingredients industry.

U.S. Synthetic Fragrance Ingredients Market Size, By Product, 2017 & 2024, (Kilo Tons)
U.S. Synthetic Fragrance Ingredients Market Size, By Product, 2017 & 2024, (Kilo Tons)

While fragrance ingredients are prominently used across a plethora of end-use sectors, such as soaps & detergents and toiletries, the beauty & personal care domain is likely to emerge as the principal growth avenue for the fragrance ingredients industry. As per Global Market Insights, Inc., fragrance ingredients market size is estimated to cross 1.5 million tons by volume by 2024. With increasing disposable incomes in the emerging economies as well as the recovering economies in the developed nations, a considerable boost in consumer spending on personal care products has been observed. New innovations are also on the radar, as besides women’s fragrances increasing demand for men’s toiletries and cosmetics in the last few years has acted as a catalyst for experimentation and expansion in the fragrance ingredients market, increasing sales stability.

Considered a conventional element in the cosmetics industry, fragrances have thrived as an industry that has been largely driven by beauty trends and prevalent fashion. The use of perfumes which was once considered a non-essential luxury has come to be considered a must-have personal grooming product as competition in the fragrances industry has become steeper and perfumes have carved a place of their own in the personal care products segment. Though the use of perfumes has become common and an everyday affair, the fragrances ingredients industry has received a boost from use of the ingredients in mass produced products as well as in luxury products that bring special and personalized products to the market and still considered a luxury item meant for connoisseurs. Fragrance ingredients market size from fine fragrances & perfumes is thus set to grow at a remarkable pace in the years ahead, driven by ever-changing consumer demands.

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E-commerce and globalization have added an extra edge to the fragrance ingredients market as countries with emerging economies have consumers reaching out to buy famed North American and European products helping to expand their demand and reach. Increasing disposable incomes among such consumers have encouraged them to use more personal care products as well as cosmetics which has again indirectly added momentum to fragrance ingredients industry. In the developed nations while the recovering economy is indicating a positive trajectory for perfume and consequentially fragrances ingredients industry, fragrance companies are trying to offset higher costs by introducing eco-friendly products and well-priced gift sets.

Innovations are also changing the face of the perfume industry. For instance, the application of perfumes is not being limited to the neck and wrists. Instead perfumes are being created that can be applied to the hair as long hair is very good at retaining fragrances. More mists, oils and shampoos are being produced that can help hair strands to retain a favorable fragrance. New methods of marketing are also expanding scope for the perfume industry. For example, several new services are being offered that lets the customers try on different perfumes for a month and then decide their favorite or use personality quizzes to match a perfume to the user.  As the consumer base for perfumes and fragrant products continue to expand, it is apparent that the fragrance ingredients market will continue to grow substantially.

Innovation in the perfume industry has been extended to merchandising solutions such as Paperscent, a device that dispenses perfume samples on paper in department stores thus making the test bottle redundant. With consumers demanding more varied scents to be made available and to be used in products, the fragrance ingredients industry is expected to traverse alongside a profitable growth trajectory over 2018-2024.

Author NameParoma Bhattacharya

APAC anisole market to accumulate commendable returns by 2024, rising demand for premium cosmetics to impel the regional industry

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The global anisole market is projected to experience an accelerated growth over 2018 – 2024, primarily fueled by organic chemical compound’s applications in the rapidly expanding pharmaceutical and cosmetics sectors. Estimated to be valued at over $77 million, the global anisole market has depicted considerable growth due to the product’s rising incorporation in a plethora of cosmetic products, on account of the artificial fragrance that is associated with anisole.

U.S. anisole market size, by application, 2013 – 2024 (USD Million)
U.S. anisole market size, by application, 2013 – 2024 (USD Million)

It is prudent to mention that anisole is also used to manufacture several different chemical compounds that find applications across a slew of application verticals. However, pharmaceuticals and cosmetics are among the biggest and the fastest growing application sectors that are not constrained by the burden of serving only a niche demographic – which is the reason why these sectors are thriving in some of the most populous regions of the globe, gradually aiding the growth of anisole market as well.

Unveiling APAC anisole market trends

The Asia Pacific is one of the most lucrative regional anisole markets, that is popularly driven by the rise in demand for cosmetic brought on by the increased disposable incomes and the subsequent affordability in the region. According to a 2017 report by the French personal care and cosmetics company – L’Oréal S.A., the firm’s accrued almost 24% of its global sales in 2017 from the Asian belt. This can be undeniably attributed to the rising demands for premium cosmetic products due to the rate at which the discretionary expenditure skyrocketing, especially across the economies of India and China.

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It is also prudent to mention that APAC anisole market has also received commendable boost on account of the product being used as a pesticide, in the agro-based economies, wherein governments have been attempting to readdress pivotal issues in the agricultural domain. For example, the Indian government has brought about initiative such as Pradhan Mantri Fasal Bima Yojana and Paramparagat Krishi Vikas Yojana in order to reform agricultural production, The government of China has also shifted its focus toward agricultural reformation. These initiatives have led to an escalation in the demand for pesticides, that would gradually help augment the regional anisole market trends. Driven by the efforts across the economies, APAC anisole market share is likely to soar in the years to come. As per Global Market Insights, Inc., the APAC region accounts for 30% of the global anisole market share.

Apart from the cosmetic applications, the global anisole market would also be receiving a significant boost from the pharmaceutical sector. The U.S. pharmaceutical sector has been the most flourishing domestic market for the development and commercialization of different pharmaceuticals. According to a report by PricewaterhouseCoopers (PwC), primary pharmaceutical markets such as Europe, North America and Japan had been under considerable pressure a decade back, having experienced a slowdown in growth. Today however, the pharma sector has witnessed considerable incline across the developed as well as developing economies, thereby making the domain a lucrative growth avenue for the global anisole market. Anisole industry share from pharmaceutical applications is expected to witness a CAGR of 4.4% over 2018-2024, driven by the fact that the product serves as a crucial precursor in producing a plethora of pharma compounds. For instance, 4-methoxyphenol, a phenol derived from anisole is used to create 4-methoxyphenol – a chemical used in manufacturing of bulk pharmaceuticals like Raloxifene and Dextromethorphan.

It is imperative to mention that global anisole market growth is slightly hampered due to the small amounts of anisole required for cosmetics products. For instance, according to a study by the American College of Toxicology, p-Hydroxyanisole, a phenol derived from anisole is used as an antioxidant in different cosmetic products in concentrations as low as 1% because the organization recommends that smaller concentrations would not result into it being a severe irritant. Nonetheless, despite anisole and the anisole-derived phenols being used in small quantities and dilute concentrations, the compounds are still expected to be incorporated in a plethora of cosmetic products worldwide, thereby augmenting the commercial landscape of global anisole industry. As per Global market insights, Inc., anisole market size is projected to cross $100 million by 2024.

Author NameAkshay Kedari