Transparency Market Research, New York: Aroma chemicals are generally obtained from aromatic compounds and essential oils. They are used as a raw material in the manufacturing of gamut of personal care products including cosmetics, fine fragrances, and toiletries. Similarly, they find application in the production of many household care products such as dishwashing, and laundry. Depending on the source, there two types of aroma chemicals, namely, natural and synthetic.
Analysts at TMR highlight that the aroma chemicals market will show promising growth during the tenure of 2019 to 2027. The present valuation of this market is ~US$ 4.6 Bn, and it is projected to touch the value of ~US$ 7.8 Bn by 2027 end. On regional front, Asia Pacific and Europe hold significant shares in the aroma chemicals market.
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Key Findings of Aroma Chemicals Market Report
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Aroma Chemicals Market: Key Driving Factors and Promising Avenues
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Aroma Chemicals Market: Competitive Assessment
Several companies engaged in the global aroma chemicals market are increasing spending on research activities. The main motive of these activities is to combine fragrances with diverse home care products.
Many vendors from the aroma chemicals market are concentrating on collaboration and partnership agreements with detergent manufacturers as well as washing machine manufacturing companies. By using this strategy, they are chasing the possibility of manufacturing cost-efficient and superior-quality detergents for customers. All these activities connote that the aroma chemicals market is expanding at promising rate.
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The list of key companies operating in the global aroma chemicals market includes Symrise AG, Givaudan, Firmenich S.A., International Flavors & Fragrances Inc., Tennants Fine Chemicals Ltd., BASF SE, Kao Corporation, Takasago International Corporation, Eternis Fine Chemicals Ltd., Yingyang (China) Flavors & Fragrance Group, QINGDAO COSO, INTERNATIONAL TRADING CO., LTD., and Privi Organics India Limited.
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The Aroma Chemicals Market can be segmented as follows:
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