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Benzenoid Market Trends

Report ID: GMI6421
Published Date: Aug 2023
Report Format: PDF

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Benzenoid Market Trends

There is a growing consumer preference for natural and sustainable products, including fragrances and flavors. This trend has led to an increased demand for benzenoid compounds sourced from natural materials, such as essential oils and plant extracts. Consumers are seeking products with clean and transparent labeling, indicating the use of safe and eco-friendly ingredients. Manufacturers in the benzenoid market are increasingly emphasizing the origin and composition of their products to meet consumer demands.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for benzenoid was USD 700 million in 2022 and is estimated to reach USD 1167.1 million by 2032 owing to increasing demand in the food and sector industry for fragrance and flavoring agents.

Benzenoid industry size from the benzaldehyde type segment accounted for USD 214.6 million in revenue in 2022 and is likely to gain significant traction through 2032 owing to surging need in various industrial applications, including paints, adhesives, and chemical synthesis.

U.S. market size for benzenoid was USD 162.3 million in 2022 and is anticipated to expand at significant pace through 2032 owing to the rising demand for fragrances and flavors in personal care and beauty products, including perfumes, lotions, and hair care items in the region.

The competitive landscape of the benzenoid industry includes prominent companies, such as BASF SE, Dow Chemical Company, Exxon Mobil Corporation, DuPont de Nemours, Inc., Huntsman Corporation, Lanxess AG, Chevron Phillips Chemical Company LLC, and LyondellBasell Industries N.V.