Get the detailed impact analysis of COVID-19 that has disrupted the entire world and affected many industries.
Request Insights
IN THE NEWSJune 14, 2022: Merck KGaA to make an announcement about the collaboration with Agilent Technologies to enable the Bioprocessing 4.0 and real-time release.
May 31, 2022: Lanxess AG merges its path with Advent International to develop engineering polymers of high performance by obtaining the required materials from DSM.
The global 4-tert-butylcyclohexanone market is estimated to garner substantial revenue by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated remarkable revenue in the year 2021. The growth of the market can be attributed to the rising demand for 4-tert-butylcyclohexanone in the personal care industry. personal care industry comprises products associated with nails, oral, and skin care. For instance, around 15 million Americans were observed to be using facial lotions, creams and gels.
Get more information on this report: Request Sample PDF
Furthermore, the global 4-tert-butylcyclohexanone is less polar than 4-tert-butylcyclohexanol and both are generally separated by the chromatography method. 4-tert-butylcyclohexanone is soluble in alcohol and ethanol but not in the water with an experimental density of 0.893g/mL. It is an organic chemical associated with the C10H180 ketones family and sold in the market under CAS number 98-53-3. 4-tert-butylcyclohexanone is nontoxic in nature and this is one of the major reasons for its utilization in the manufacturing of flavors, fragrances, and various cosmetics products. Edible flavors are generally added to junk food to make it more appealing to the customers and a higher prevalence of junk food can be observed across the globe. For instance, the total size of the quick service restaurant industry was valued at USD 700 billion in 2021.
As of 2022, about 300 contract manufacturers of personal care products were active in the US.
In the flavor and fragrance (F&F) industry, the fragrances division was estimated to generate revenue of approximately 10 billion euros in 2021.
It was observed that around 40% of males across the globe prioritized self-care and personal grooming.
In 2019, the toilet cleaners segment in dishwashing product industry was valued at around USD 7 billion.
The revenue generated by the deodorant segment per person in the year 2022 was estimated to be around USD 4.
The global 4-tert-butylcyclohexanone market is segmented and analyzed for demand and supply by application into perfumes & fragrances, biocides, cleaning & washing, and others, out of which, the perfumes & fragrances segment is projected to acquire a notable share in the global 4-tert-butylcyclohexanone market during the forecast period. The growth of the segment is accounted to higher demand for perfumes and deodorants across the globe. For instance, the revenue generated by the deodorants segment in the associated industry amounted to approximately USD 5 billion in 2022. A growing inclination of people toward personal care has been observed in recent decades that is projected to hike the growth of the segment over the forecast period.
Get more information on this report: Request Sample PDF
The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, which accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. The easy availability of low-cost raw materials & labor, as well as government subsidies and relaxed environmental norms, have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for investment in businesses in Asia Pacific countries in the upcoming years.
Regionally, the global 4-tert-butylcyclohexanone market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031. The growth of the market is attributed to spiking sales of skincare products, perfumes, deodorants, and other sorts of cosmetics. In 2021, the sales of facial cosmetics in the United States were valued at almost USD 1 billion. Additionally, the increasing demand for perfume and deodorants is further anticipated to boost the growth of the market in the region during the forecast period. USA was observed to generate the highest revenue in the deodorant segment in the global comparison in 2022 of about USD 5000 million.
Furthermore, the Asia Pacific region is anticipated to obtain the second-largest share in the market during the forecast period. The growth of the market is attributed to the similar factors such as, growing demand for personal hygiene products, perfumes, deodorants, and others and the increasing disposable income in the region. For instance, the value of the Asian fragrance segment was estimated to be around USD 10 billion in 2022. Hence, all these factors are projected to influence the growth of the market in the region positively over the forecast period.
Get more information on this report: Request Sample PDF
The global 4-tert-butylcyclohexanone market is further classified on the basis of region as follows:
Our in-depth analysis of the global 4-tert-butylcyclohexanone market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Rising awareness of hygiene and personal grooming and significant utilization in multiple industries such as, the cosmetics industry and household cleaners is estimated to majorly boost the market growth.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2031.
The possibility of adverse effects on the environment, aquatic life, and health is estimated to challenge the market growth.
The market in the North America region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are Dayang chem (Hangzhou) Co., Ltd., Thermo Fisher Scientific Holdings, Inc., Hubei Jusheng Technology Co., Ltd., Merck KGaA, Lanxess AG, Tokyo Chemical Industry Co., Ltd., WeylChem International GmbH, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.
The market is segmented by purity, application, and by region.
The perfumes & fragrances sub-segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
Related Reports
Disclaimer | Privacy Policy | Terms & Conditions
Copyright © 2021 Research Nester. All Rights Reserved
