The benzenoid market is estimated at
The report "Benzenoid Market by type (Benzyl Acetate, Benzoate, Chloride, salicylate, Benzaldehyde, Cinnamyl, vanillin), by application (soaps & detergents, food & beverage, household products), by region - Global forecast to 2025" The global benzenoids market size is estimated to be
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The spread of COVID-19 pandemic affected the overall chemicals market in the global regions. The value of trade in organic chemicals reached
The soaps and detergents sub-segment, in by application segment, is projected to dominate the market during the forecast period.
The demand for soaps and detergents has been observing a stable demand from the global market in the pre-Covid period and their demands, further spikes since there spread of Covid-19 with the increasing focus of the population on cleanliness and hygiene. For these, there was rising demand for the production of quality and premium fragrance products. These are estimated to drive the market growth.
The benzyl benzoate sub-segment, in the by type, is projected to witness the highest growth in the benzenoids market.
Benzyl benzoate is estimated to observe the fastest market growth during the forecast period in the benzenoids market as the compound is a thick liquid that has a weak, sweet-balsamic odor and it occurs naturally in some flower blossoms, fragrances and benzyl benzoate can also be formulated in a lab with added scents to slow their evaporation. It serves a supporting role that helps in dissolving and blending together all the different scent substances. Thus their usage is expected to grow.
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Key players in this market include major players such as
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