Guaiazulene is a dark blue crystalline hydrocarbon and is a derivative of azulene, the blue color constituent of chamomile oil. It is an aromatic non-alternant and non-benzenoid hydrocarbon consisting of six membered rings. This is found in nature as a constituent of pigments in guaiac wood oil and some marine invertebrates. It is primarily synthesized by the fusion of cyclopentadiene and cycloheptatriene rings. It is used as a moisturizer, skin conditioning agent and as an antiseptic in cosmetic and personal care industry. The guaiazulene oil soothes and cleans skin after waxing, wash dry skin, and prevent organic hair growth. It is also known for its inflammatory properties. It is also used in advanced electronic materials including liquid crystals, electrochromic material, near infra-red (NIR) resonance materials, and molecular switches. However, due to its high-cost of aromatic hydrocarbon, it has a very limited application, and it has multiple substitutes.
Covid-19 Impact Analysis
- The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the guaiazulene in 2020.
- The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
- The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
- The lockdown has resulted in hampering the imports and exports of various goods. Also, the uncertainty created in the market in the consumers’ buying pattern has resulted in hampering of the guaiazulene market. But the trend is expected to change once the lockdown is lifted and the market will flourish because of the demands.
Top Impacting Factors
The growing technological development and product innovation processes is expected to contribute towards the growth of the guaiazulene market in the coming years. Guaiazulene is used as a derivative in development of advanced organic materials, mobile electronic structure, and advanced cosmetics along with personal care products. Region wise, North America is accounted as the prominent share holder in the global market owing to the growing development and innovation activities in the various industries such as electronic and cosmetics. Owing to the high growth of cosmetic and personal care industry in the emerging economies of Asia-Pacific region, it is projected as strong platform for healthy growth for the market in the near future.
- Growing demand for Guaiazulene in the development of advanced organic materials
- Guaiazulene is used as a derivative in the production of various types of advanced organic material such as molecular switches, devices, sensor, receptors, and liquid crystals. Such advanced organic materials are used in various electronic equipment and systems.
- Technology development and innovation coupled with normal electronic structure along with increased per capita income as attributed for the growth.
- High traction of advanced organic materials with novel electronic structure is expected to lay a strong platform for the robust growth of the market in the coming years. Also, the rising per capita income toppled with increasing population in the regions of Asia-Pacific has enhanced the demand for advanced cosmetic products which in turn is expected to fuel the demand in those regions
- Multitudinous application in the cosmetic and personal care industry.
- Recently the cosmetic and personal care industry coupled with increasing population has reported significant growth across the globe. Intensifying penetration of guaiazulene in the cosmetic and personal care industry as moisturizer, anti-flaming agent, and skin conditioning agent are projected to attribute towards the market growth in the upcoming years
Key Benefits of the Report
This study presents the analytical depiction of the guaiazulene industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the guaiazulene market share.
- The current market is quantitatively analyzed to highlight the guaiazulene market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed guaiazulene market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Guaiazulene Market Report
- Who are the leading market players active in the Guaiazulene market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is “Guaiazulene “?
- What does “Guaiazulene " allow organizations to achieve?
- Which technologies combine to make “Guaiazulene “a critical organizational asset?
- What is " Guaiazulene” Market prediction in the future?
- Who are the leading global players in the “Guaiazulene” market?
- What are the current trends and predicted trends?
- What are the challenges faced in the “Guaiazulene” Market?
- What are the key benefits of the “Guaiazulene “Market report?
- What will be the anticipated growth rates for your own Guaiazulene Market economy altogether and for every segment inside?
- What are the driving factors and opportunities in the market?
Guaiazulene Market Report Highlights
Key Market Players
Venus Concept Ltd., Mainchem Co., Ltd., Shanghai Zheyan Biotech Co., Ltd., Sinoway Ltd., Guangzhou Fourto Sanitary Products Co., Ltd., Jiangsu Dahua Pharmaceutical Co., HONG KONG YASHA Bio-technology Company Ltd., Chemwill Asia Co.,Ltd., Haihang Industry Co.,Ltd., Aurobindo Pharmal Ltd., Hubei xin bonus chemical co. LTD