Bizizz Market Research has recently published a research report, “Linalool Market by Product Type (Synthetic Linalool and Natural Linalool) by Application (Flavor, Fragrance, and Others) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Linalool Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 12.0 Bn by 2027, witnessing a CAGR of 4.0 % during the forecast period. Key drivers of the market are benefits of linalool, increasing popularity in pharmaceutical and chemical industry, and easy accessibility of origin sources.
Linalool is used in most of the scented cleaning and hygiene products due to its floral aroma. Also, it is used in several pharmaceutical and chemical products. Linalool is able to reduce pain, and contains anti-inflammation properties therefore it is widely used by aroma therapists and herbologists. Also, linalool is used to make different types of insecticides which is anticipated to fuel the growth of global market during the forecast period.
The Linalool Market Is Anticipated To Register A CAGR Of Over 4.0% During The Forecast Period.
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Adverse Effects of Using Linalool Might Hamper The Market Growth
Linalool has some adverse effects to the end-user. Some of the side-effects of using linalool include allergic and other skin related issues. However, the ration of consumers experienced these negative effects are very minimal. Though, it might hamper the market growth in coming years.
North AmericaIs Anticipated To Hold Prominent Share During the Forecast Period
In terms of region, North America is anticipated to lead the global market by holding prominent share over the forecast period. In 2018, North America accounted for 32.8 % market share. The growth of the region can be attributed to significant production capability in the U.S. for linalool. Moreover, owing to rising purchasing power, consumers are inclining towards flavor and fragrance sector which is expected to poise a positive impact on the regional growth.
The global linalool market is a mature and well-established market around the globe. The market is highly fragment in nature. The market is experience significant competition among major industry players. Companies are focused on research and development activities in order to gain technical competence which is expected to strengthen their foothold in global market.
Prominent players operating in the Global Linalool Market are: Purong Essences, Symrise, Jiaxing Sunlong Industrial & Trading, BASF, Tianxiang, DSM, Jiangxi East, NHU, Arora Aromatics Pvt. Ltd, Elan-Chemical.com, Menthaallied, The John D. Walsh Company Inc, and Phoenix Aromas & Essential Oils LLC., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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