The Phenoxy Ethyl Isobutyrate Market Size is valued at USD 127.78 Mn in 2022 and is predicted to reach USD 265.35 Mn by the year 2031 at a 8.6% CAGR during the forecast period for 2023-2031.
Phenoxyethyl isobutyrate is a chemical compound extensively used as a scent ingredient in the fragrance and cosmetics industries. Its chemical structure consists of a combination of organic groups and an ester linkage. The structure includes a methyl group, an isobutyl group, an ester group (COO), and a phenoxyethanol group. It is an ester, specifically a phenoxyethanol and isobutyric acid ester. The fragrance and cosmetics industries are the principal users of phenoxy ethyl isobutyrate. Any increase in this sector, driven by consumer demand for personal care products, perfumes, and other scented things, can boost demand for fragrance compounds such as phenoxy ethyl isobutyrate.
Economic expansion, particularly in emerging nations, can result in higher disposable income, driving demand for cosmetics and luxury items, benefiting the fragrance business and its components. However, the pandemic produced supply chain interruptions due to lockdowns, limitations, and transportation issues. This may have hampered the supply of components such as phenoxy ethyl isobutyrate, affecting production and product development.
Competitive Landscape
Some Major Key Players In The Phenoxy Ethyl Isobutyrate Market:
- BASF SE
- Prakash Chemicals
- The Good Scents Company
- Tristar Intermediates
- Ernesto Ventós S.A.
- Robertet Group
- Takasago International Corporation
- TCI Chemicals
- Bell Flavors &
- Fragrances
- ScenTree
Market Segmentation:
The phenoxy ethyl isobutyrate market is segmented on the basis of purity, application, and end-use. According to purity, the market is segmented as 98.0% to 99.0%, 99.0% & 99.5%, and > 99.5%. The application segment includes perfumes & colognes, body sprays & lotions, soaps & shower gels, air fresheners, cleaning agents, and others. By end-use, the market is segmented into the fragrance industry, flavour industry, cosmetics & personal care, home care products, and others.
Based On End-Use, The Fragrance Segment Is Accounted As A Major Contributor In The Phenoxy Ethyl Isobutyrate Market.
The fragrance industry is expected to hold a major share in the global Phenoxy Ethyl Isobutyrate Market in 2022. The global fragrance scene is undergoing a dramatic transformation owing to an increase in consumer preference for premium scents. This move is shifting the emphasis to components that give perfumes distinctiveness and longevity. The importance of phenoxy ethyl isobutyrate corresponds to the growing desire for high-quality smells in personal care and household products.
The Perfumes & Colognes Segment Witnessed Growth At A Rapid Rate.
The perfumes & colognes segment is projected to grow at a rapid rate in the global phenoxy ethyl isobutyrate market. The strong demand for perfumes and colognes can be attributed to the segment's growth. Customers are looking for scents that are personal to them. Phenoxy ethyl isobutyrates can provide long-lasting and prominent floral and fruity scents, promoting their application in fragrances and colognes. The sophisticated artistry of creating perfumes and colognes necessitates using materials that make an immediate impression and linger gently. The low volatility and long-lasting properties of phenoxy ethyl isobutyrate come to the fore, ensuring the fragrant symphony unfolds gradually, revealing layers of olfactory delight.
In The Region, The Asia Pacific Phenoxy Ethyl Isobutyrate Market Holds A Significant Revenue Share.
Asia Pacific Phenoxy Ethyl Isobutyrate Market is expected to register the highest market revenue share in the near future. The market dynamics are being fueled by growth in the cosmetics and personal care industry, as well as an increased emphasis on aesthetic appeal. In Asia Pacific, China & India are the two largest markets for phenoxy ethyl isobutyrate. Due to the increased disposable incomes, urbanization, and shifting consumer preferences, the APAC area has seen significant expansion in the cosmetics and fragrance industry.
As customers in the region seek out a diverse selection of personal care products, the demand for scent compounds such as phenoxy ethyl isobutyrate may have increased. Moreover, premium and luxury cosmetic and fragrance goods are in high demand in the North American market. These segments frequently prioritize high-quality chemicals and distinct aroma profiles, which may open up the potential for using phenoxy-ethyl isobutyrate.
Phenoxy Ethyl Isobutyrate Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 127.78 Mn |
|
Revenue Forecast In 2031 |
USD 265.35 Mn |
|
Growth Rate CAGR |
CAGR of 8.6% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn, Volume (KT) and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Purity, Application, End-Use |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
BASF SE, Prakash Chemicals, The Good Scents Company, Tristar Intermediates, Ernesto Ventó's S.A., Robertet Group, Takasago International Corporation, TCI Chemicals, Bell Flavors & Fragrances, and ScenTree. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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