0

Global 2-Phenylethanol Market Expected To Reach $ 761.7 Million by 2031—Allied Market Research

 
2022
Global 2-Phenylethanol Market

Report Code : A17166

quote Increase in demand for 2-phenylethanol from end-use industries, such as cosmetics and pharmaceuticals, is expected to drive the 2-phenylethanol market during the forecast period. Moreover, increasing demand form emerging countries like China, India and Brazil is expected to create lucrative opportunity for the 2-phenylethanol market. However, fluctuating price of raw material is expected to hinder the market growth. quote

According to Eswara Prasad
Manager, Chemical and Materials Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new published report by Allied Market Research titled, “2-phenylethanol Market by Type and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2022–2031,” The 2-phenylethanol market attained $491.7 million in 2021, and is projected to reach $761.7 million by 2031, growing at a CAGR of 3.3% from 2022 to 2031.

2-Phenylethanol, also known as phenethyl alcohol, is a type of alcohol that is known for its sweet floral aroma. This alcohol may be found in large quantities in the natural world, particularly in Daphne papyracea and Gardenia jasminoides. Essential oils derived from hyacinth, orange blossom, champaca, carnation, rose ylang-ylang, Aleppo pine, neroli, and geranium all contain significant amounts of 2-phenylethanol. In addition, it has a scent similar to honey, which is a primary component in the aroma of muscat wine. As it is able to maintain its stability even when subjected to primary circumstances, it is utilized in the manufacturing of cigarette additives and soap preservatives. 

In addition, 2-phenylethanol is utilized in the fragrance and flavoring application, particularly when the alluring aroma of rose is sought after in the end product. As a consequence of this, rise in customer demand for rose scent in a variety of cosmetics and personal care items has been vital to the growth of the 2-phenylethanol industry.

The global 2-phenylethanol market is segmented into type, end-use industry, and region. Depending on type, the market is categorized into natural and synthetic. On the basis of end-use industry, it is fragmented into food & beverage, personal care & cosmetics, pharmaceutical, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

The major players operating in the global 2-phenylethanol market are Apple Flavor and Fragrance Group Co., Ltd., Eternis Fine Chemicals Ltd., Firmenich SA, Harmony Organics Pvt., Ltd., Kdac Chem Pvt., Ltd., LyondellBasell Industries Holdings B.V., Matrix Scientific, Symrise AG, TCI America, and Yingyang (China) Aroma Chemical Group.

Other players operating in the 2-phenylethanol market are Alkyl Amines Chemicals Ltd. (AACL), Zhejiang Novorate Biotech Co., Ltd., Shanghai PuJie Fragrance Co., Ltd., and Vigon International, Inc.

KEY FINDINGS OF THE STUDY

  • The report outlines the current 2-phenylethanol market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
  • The market size is provided in terms of revenue and volume.
  • On the basis of type, the natural segment is expected to grow at a CAGR of 3.3%, in terms of revenue, during the forecast period.
  • Depending on end-use industry, the personal care & cosmetics segment is expected to grow at a CAGR of 3.4%, in terms of revenue, during the forecast period.
  • Region wise, Asia-Pacific garnered a share of 3.5% in 2021 in terms of revenue.

IMPACT OF COVID-19 ON THE GLOBAL 2-PHENYLETHANOL MARKET

  • COVID-19 has spread across the globe and effected almost all aspects of life.
  • Some major economies that have suffered severely from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
  • There is an uneven impact of COVID-19 pandemic on the 2-phenylethanol market, owing to implementation of lockdowns worldwide to halt spread of the virus. This resulted in shutting off of almost all operations, manufacturing, and distribution of all industries.
  • This further decreased the demand for cosmetic products from beauty shops, which, in turn, has led to sluggish growth of the market.
  • The demand–supply gap, disruptions in raw material procurement, and price volatility further hampered the growth of the chemical industry during the COVID-19 pandemic.
  • The COVID-19 crisis has affected the chemical industry supply chain to a major extent; thus, having a major impact on raw material procurement.
  • On the contrary, increase in demand for home and personal hygiene products due to the awareness regarding the cleanliness boosted the growth of the 2-phenylethanol market, which, in turn, tends to overcome the impact of COVID-19 on this sector.
  • The future of the 2-phenyethanol market industry will be shaped by post pandemic changes in social, economic, trade, and political situations, as well as planned environmental regulatory reforms.
     

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote 2-Phenylethanol Market by Type (Natural and Synthetic) and End-use Industry (Food & Beverage, Personal Care & Cosmetics, Pharmaceutical, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Global 2-Phenylethanol Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers