PUBLISHER: Grand View Research | PRODUCT CODE: 1678501
PUBLISHER: Grand View Research | PRODUCT CODE: 1678501
The global anisole market size is expected to reach USD 129.6 million by 2030, registering a CAGR of 6.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rapid industrialization coupled with growing use of these intermediate chemicals for production of various other products such as building polycarbonates, and detergents is expected to promote capacity expansion over the next seven years.
Various factors including rising disposable income coupled with increasing spending on personal care products including perfumes is expected to drive product's need over the forecast period.
High need from various applications including perfumes on account of its pleasant aromatic odor and pharmaceutical sector owing to its tremendous use as an intermediate chemical will be favorable for global industry expansion.
Rising need for consumer products such as fragrances and flavors on account of changing consumer habits along with better living standards is expected to augment the product demand in emerging economies including India, China, and Brazil. However, raw material availability will challenge growth over the next seven years.