Anisole Market Size & Share 2022

1. Anisole Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2024

2. Anisole has excellent functional characteristics and is highly soluble in a range of organic solvents including ethanol, chloroform, diethyl ether, and benzene. Its properties makes the compound suitable for application as a solvent in the synthesis of various organic compounds. Global anisole market trends will be majorly driven by extensive application as an intermediate during manufacturing of pharmaceuticals, dyes and fragrances. • Changing consumer outlook towards personal appearance along with a significant rise in disposable incomes is fueling the demand for premium skin-care products. Proliferation of global cosmetics & personal care sector will certainly accelerate the product demand in the near future. The compound is synthesized by methylation of sodium phenoxide with either methyl chloride or dimethyl sulfate. Global Market Insights, Inc., forecasts that global anisole market size will hit US$ 105 million by 2024. • Consumers have become increasingly fashion conscious and more aware about the use of personal care products. Growing penetration of social media platforms along with favorable demographics have been major factors fueling this trend in recent years. Upgradation in living standards of consumers and growing adoption of western lifestyle and culture is impacting anisole industry outlook through cosmetics demand.

3. Anisole with purity up to 99.5% holds a 50% revenue share in global anisole market and is anticipated to experience healthy growth over the coming years. This can be largely attributed to widespread product use in cosmetics, personal care, and fragrance industry. The product has additional application in cosmetic products such as lipsticks to add fragrance to the finished product. • Anisole is prominently used as a chemical intermediate in the synthesis of bulk pharmaceuticals such as raloxifene, dextromethorphan, as well as substrates of antiseptics and expectorants. Pharmaceutical applications segment will offer a robust CAGR of 4.4% to global anisole market size over 2018-2024. A booming world population along with evolving lifestyles has fueled the demand for perfumes, fragrances and other cosmetics and personal care products. • Cosmetics applications are projected to capture one-third of global anisole industry share by 2024. Favorable government norms and regulatory framework in various regions concerning the use of anisole in manufacturing of pharmaceuticals will propel the business growth. Anisole is predominantly used as a key precursor in manufacturing various pharmaceutical compounds. For instance, mequinol is a type of phenol which is used in organic chemistry and dermatology.

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