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Global Anisole Market to Grow at a CAGR of 5.14% During 2022-2027, Aided by the Growing Expansion of Pharmaceutical Industry

According to a new report by EMR titled, ‘Global Anisole Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 94.09 million in 2021. The global market is further expected to grow at a CAGR of 5.14% between 2022 and 2027 to reach USD 127.11 million by 2027.

Anisole is a widely adopted raw material for chemical transformation in the pharmaceutical industry. Hence, the market is driven by the growing expansion of the pharmaceutical industry owing to the rising cases of chronic diseases, emerging COVID-19 variants, and growing R&D activities to curb the prevalence of cancer. Meanwhile, the growing application of dyes in the textiles, paper, and leather, among others, is likely to augment the market growth in the forecast period.

 

In November 2021, McAfee Corporation (NASDAQ: MCFE) announced that the company entered into an agreement under which it will be acquired by a group of investors led by Advent International Corporation and Permira Advisers LLC. McAfee will sell all its outstanding shares worth USD 12 billion.

 

Geographically, the Asia Pacific region is likely to be one of the fastest growing regions in terms of market growth in the forecast period. The growth of the market is anticipated to be driven by the increasing sale of perfumes and deodorants due to the rising disposable incomes, expansion opportunities for luxury brands and easy availability of anisole.

 

The significant economic growth of countries like India, China, Japan, and South Korea, among others is likely to provide lucrative opportunities to the market in the forecast period.

 

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Market Breakup by Purity, Application, and Region:

  • The market is segmented on the basis of purity into up to 99.5% and above 99.5%.
  • Based on application, the market is divided into perfumes, dyes, pharmaceuticals, and pesticides, among others.
  • Region-wise, the global market for anisole can be divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

 

Key Findings of the Report:

  • The global market for anisole is being driven by the thriving pharmaceutical industry owing to the rising chronic diseases across the continents.
  • The rising application of anisole in the personal care and cosmetics industry is anticipated to boost the market growth.
  • The growing popularity of perfumes and deodorants will propel the demand for anisole during the forecast period.
  • The market growth will further be aided by the expansion of e-commerce sector, which will boost the sale of downstream products of anisole.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global anisole market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the purity, applications, and regional markets of anisole.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the global market are Solvay SA, Westman Chemicals Pvt. Ltd., Benzo Chem Industries Pvt. Ltd., Huaian Depon Chemical Co., Ltd., and Clean Science and Technology Private Limited., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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