Market Overview:
The global galaxolide market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for perfumes and cosmetics, soap and detergent, and other applications. Galaxolide is used as an ingredient in various products such as perfumes, cosmetics, soaps, detergents, candles, air fresheners etc. It has a sweet floral fragrance that is widely appreciated by consumers across the globe. North America accounted for the largest share of the global galaxolide market in 2017 followed by Europe and Asia Pacific respectively.
Product Definition:
A synthetic musk fragrance used in many personal care products. Galaxolide is said to be a human allergen and has been shown to cause skin and eye irritation.
BB:
Benzyl Benzoate, also known as BB, is an organic compound derived from benzene. It has a slight aroma similar to that of vanilla and is soluble in alcohol and water. Benzylbenzoate can be found in various products such as cleaners, perfumes, soaps & detergents among others. The compound acts as a solvent for dyes & pigments and is used in the production of pesticides among other applications (1).
DEP:
Depletion Enzyme Protein (DEP) is an enzyme that acts as a catalyst in the biosynthesis of proteins. It is found in plants and animals, especially liver and kidney. The protein-catalyzed reaction produces glyoxylate and carbon dioxide. Glyoxylate can be used for various purposes such as producing polyethers or building blocks for cell walls; while carbon dioxide helps maintain pH levels inside cells by balancing the acidity or alkalinity of the environment.
Application Insights:
Perfume and cosmetics was the largest application segment in 2017, accounting for over 55% of global galaxolide market. Increasing demand for perfumes with longer shelf life is expected to drive product demand in this segment. Soap and detergent is estimated to be the fastest-growing application, expanding at a CAGR of XX% from 2018 to 2030 owing to increasing population coupled with rising disposable income across various regions including Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high product demand from various end-use industries such as cosmetics and perfumery, personal care products, detergents and soaps. Increasing disposable income levels coupled with rapid urbanization in emerging countries such as China and India are projected to drive regional growth over the coming years.
The industry is witnessing healthy growth due to increasing investments by multinational companies for manufacturing eco-friendly products along with rising consumer awareness regarding health issues caused due to chemical additives used in conventional formulations.
North America accounted for a significant share of revenue generated by Galaxolide Market on account of growing demand from several end-use industries including soaps.
Growth Factors:
- Increasing demand from emerging markets: The global population is growing at a rapid pace and the demand for cosmetics and personal care products is increasing along with it. Galaxolide is a key ingredient in many of these products, so its demand will continue to grow as well.
- Innovation in product formulations: Cosmetic companies are always looking for new ways to improve their products, and many are turning to galaxolide as an ingredient to help them do just that. This will help drive growth in the market for galaxolide going forward.
- Growing popularity of natural ingredients: A growing number of consumers are interested in using natural ingredients in their cosmetics and personal care products, and galaxolide is one such ingredient that meets this need. This trend will likely continue into the future, boosting demand for galaxolide even further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Galaxolide Market Research Report
By Type
BB, DEP, DPG, IPM
By Application
Perfume and Cosmetics, Soap and Detergent, Other
By Companies
Tianjin Shuotai, Shanghai Fuhai, Yingyang, Shanghai Jiulin, Tianjin Shuotai
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Galaxolide Market Report Segments:
The global Galaxolide market is segmented on the basis of:
Types
BB, DEP, DPG, IPM
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Perfume and Cosmetics, Soap and Detergent, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tianjin Shuotai
- Shanghai Fuhai
- Yingyang
- Shanghai Jiulin
- Tianjin Shuotai
Highlights of The Galaxolide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- BB
- DEP
- DPG
- IPM
- By Application:
- Perfume and Cosmetics
- Soap and Detergent
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Galaxolide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Galaxolide is a medication used to treat anxiety and panic disorders. It works by reducing the activity of certain nerve cells in the brain.
Some of the major players in the galaxolide market are Tianjin Shuotai, Shanghai Fuhai, Yingyang, Shanghai Jiulin, Tianjin Shuotai.
The galaxolide market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Galaxolide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Galaxolide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Galaxolide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Galaxolide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Galaxolide Market Size & Forecast, 2018-2028
4.5.1 Galaxolide Market Size and Y-o-Y Growth
4.5.2 Galaxolide Market Absolute $ Opportunity
Chapter 5 Global Galaxolide Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Galaxolide Market Size Forecast by Type
5.2.1 BB
5.2.2 DEP
5.2.3 DPG
5.2.4 IPM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Galaxolide Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Galaxolide Market Size Forecast by Applications
6.2.1 Perfume and Cosmetics
6.2.2 Soap and Detergent
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Galaxolide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Galaxolide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Galaxolide Analysis and Forecast
9.1 Introduction
9.2 North America Galaxolide Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Galaxolide Market Size Forecast by Type
9.6.1 BB
9.6.2 DEP
9.6.3 DPG
9.6.4 IPM
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Galaxolide Market Size Forecast by Applications
9.10.1 Perfume and Cosmetics
9.10.2 Soap and Detergent
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Galaxolide Analysis and Forecast
10.1 Introduction
10.2 Europe Galaxolide Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Galaxolide Market Size Forecast by Type
10.6.1 BB
10.6.2 DEP
10.6.3 DPG
10.6.4 IPM
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Galaxolide Market Size Forecast by Applications
10.10.1 Perfume and Cosmetics
10.10.2 Soap and Detergent
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Galaxolide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Galaxolide Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Galaxolide Market Size Forecast by Type
11.6.1 BB
11.6.2 DEP
11.6.3 DPG
11.6.4 IPM
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Galaxolide Market Size Forecast by Applications
11.10.1 Perfume and Cosmetics
11.10.2 Soap and Detergent
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Galaxolide Analysis and Forecast
12.1 Introduction
12.2 Latin America Galaxolide Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Galaxolide Market Size Forecast by Type
12.6.1 BB
12.6.2 DEP
12.6.3 DPG
12.6.4 IPM
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Galaxolide Market Size Forecast by Applications
12.10.1 Perfume and Cosmetics
12.10.2 Soap and Detergent
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Galaxolide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Galaxolide Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Galaxolide Market Size Forecast by Type
13.6.1 BB
13.6.2 DEP
13.6.3 DPG
13.6.4 IPM
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Galaxolide Market Size Forecast by Applications
13.10.1 Perfume and Cosmetics
13.10.2 Soap and Detergent
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Galaxolide Market: Competitive Dashboard
14.2 Global Galaxolide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tianjin Shuotai
14.3.2 Shanghai Fuhai
14.3.3 Yingyang
14.3.4 Shanghai Jiulin
14.3.5 Tianjin Shuotai
