Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Synthetic Fragrance Market by Type (Hydrocarbon Synthetic Fragrance, Alcohol Synthetic Fragrance, Aromatic Synthetic Fragrance, Ether Synthetic Fragrance, Other), By Application (Cosmetics, Soap, Perfume, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Synthetic Fragrance Market by Type (Hydrocarbon Synthetic Fragrance, Alcohol Synthetic Fragrance, Aromatic Synthetic Fragrance, Ether Synthetic Fragrance, Other), By Application (Cosmetics, Soap, Perfume, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 215459 3300 Chemical & Material 377 248 Pages 4.8 (32)
                                          

Market Overview:


The global synthetic fragrance 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 synthetic fragrances from various applications such as cosmetics, soap, perfume, and others. In addition, the growing awareness about personal hygiene and rising disposable income are also contributing to the growth of this market. Based on type, hydrocarbon synthetic fragrance is expected to lead the global synthetic fragrance market during the forecast period owing to its properties such as low volatility and good odor retention. Alcohol synthetics fragrances are also anticipated to witness high demand due their ability impart long-lasting scents in products.


Global Synthetic Fragrance Industry Outlook


Product Definition:


A synthetic fragrance is a man-made chemical that smells like a natural scent. It is used in many products such as perfumes, colognes, air fresheners, and cleaning supplies. Synthetic fragrances are important because they add a pleasing smell to products and make them more appealing to consumers.


Hydrocarbon Synthetic Fragrance:


Hydrocarbon synthetic fragrance is a group of chemicals that are produced by the chemical reaction between hydrocarbons and oxygen. The most common types of hydrocarbon synthetic fragrances includeaneedle, lotion, creams, soaps, perfumes and deodorants among others. Needle or stick fragrances are usually made up of a combination of scents such as lavender with thymesand patchouli oil.


Alcohol Synthetic Fragrance:


Alcohol synthetic fragrance is a group of perfumes and deodorants whose main raw materials are alcohols. The most common types of alcohol used in the production of these fragrances are ethanol, n-propyl alcohol, isopropyl alcohol, and 2-ethylhexanol. Other raw materials such as esters or amides can also be used to produce these products; however they have lesser market penetration than the aforementioned chemicals due to their high cost.


Application Insights:


The cosmetics segment accounted for more than 40% of the global market share in terms of revenue in 2017. The rising popularity of natural skincare ingredients has led to an increased demand for synthetic fragrance-based products, such as perfumes and body lotions. In addition, growing consumer awareness regarding health and hygiene is expected to fuel the growth over the forecast period.


Soaps are one of the most common household cleaning products across regions. Synthetic fragrances are used in soaps on a large scale due to their ability to provide long-lasting scent without any noticeable fading or loss of quality over time like other scents do when exposed to water or moisture from human skin pores itself.


Regional Analysis:


Europe dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to rising demand for luxury cosmetics and increasing spending power among consumers. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to rapid urbanization, growing middle class population, and increasing purchasing power of consumers. Rising awareness regarding health & hygiene coupled with expanding application scope in perfumes will drive product demand further.


Growth Factors:


  • Increasing demand for fragrances in personal care products
  • Rising awareness about the benefits of synthetic fragrances
  • Growing popularity of aromatherapy and other fragrance-based therapies
  • Proliferation of online retail channels that offer a wide range of synthetic fragrances
  • Innovation in product offerings by key players in the market

Scope Of The Report

Report Attributes

Report Details

Report Title

Synthetic Fragrance Market Research Report

By Type

Hydrocarbon Synthetic Fragrance, Alcohol Synthetic Fragrance, Aromatic Synthetic Fragrance, Ether Synthetic Fragrance, Other

By Application

Cosmetics, Soap, Perfume, Other

By Companies

BASF, Dow Chemical, Corning, Clariant International, Eastman Chemical, Evonik Industries, FMC Corp, Akzo Nobel, Ashland, Givaudan, Lanxess, Lonza Group, Merck KGaA, Procter & Gamble, Royal DSM, Royal Dutch Shell, Croda International, Emery Oleochemicals, Vantage Specialty Chemicals, Solvay, Pilot Chemical, Firmenich

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

248

Number of Tables & Figures

174

Customization Available

Yes, the report can be customized as per your need.


Global Synthetic Fragrance Market Report Segments:

The global Synthetic Fragrance market is segmented on the basis of:

Types

Hydrocarbon Synthetic Fragrance, Alcohol Synthetic Fragrance, Aromatic Synthetic Fragrance, Ether Synthetic Fragrance, Other

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

Cosmetics, Soap, Perfume, 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:

  1. BASF
  2. Dow Chemical
  3. Corning
  4. Clariant International
  5. Eastman Chemical
  6. Evonik Industries
  7. FMC Corp
  8. Akzo Nobel
  9. Ashland
  10. Givaudan
  11. Lanxess
  12. Lonza Group
  13. Merck KGaA
  14. Procter & Gamble
  15. Royal DSM
  16. Royal Dutch Shell
  17. Croda International
  18. Emery Oleochemicals
  19. Vantage Specialty Chemicals
  20. Solvay
  21. Pilot Chemical
  22. Firmenich

Global Synthetic Fragrance Market Overview


Highlights of The Synthetic Fragrance Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Hydrocarbon Synthetic Fragrance
    2. Alcohol Synthetic Fragrance
    3. Aromatic Synthetic Fragrance
    4. Ether Synthetic Fragrance
    5. Other
  1. By Application:

    1. Cosmetics
    2. Soap
    3. Perfume
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Synthetic Fragrance 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

Global Synthetic Fragrance Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Synthetic fragrance is a type of fragrance that is not derived from natural sources. These fragrances are made by combining different chemicals to create a scent.

Some of the key players operating in the synthetic fragrance market are BASF, Dow Chemical, Corning, Clariant International, Eastman Chemical, Evonik Industries, FMC Corp, Akzo Nobel, Ashland, Givaudan, Lanxess, Lonza Group, Merck KGaA, Procter & Gamble, Royal DSM, Royal Dutch Shell, Croda International, Emery Oleochemicals, Vantage Specialty Chemicals, Solvay, Pilot Chemical, Firmenich.

The synthetic fragrance market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Synthetic Fragrance Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Synthetic Fragrance Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Synthetic Fragrance Market - Supply Chain
   4.5. Global Synthetic Fragrance Market Forecast
      4.5.1. Synthetic Fragrance Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Synthetic Fragrance Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Synthetic Fragrance Market Absolute $ Opportunity

5. Global Synthetic Fragrance Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Synthetic Fragrance Market Size and Volume Forecast by Type
      5.3.1. Hydrocarbon Synthetic Fragrance
      5.3.2. Alcohol Synthetic Fragrance
      5.3.3. Aromatic Synthetic Fragrance
      5.3.4. Ether Synthetic Fragrance
      5.3.5. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Synthetic Fragrance Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Synthetic Fragrance Market Size and Volume Forecast by Application
      6.3.1. Cosmetics
      6.3.2. Soap
      6.3.3. Perfume
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Synthetic Fragrance Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Synthetic Fragrance Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Synthetic Fragrance Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Synthetic Fragrance Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Synthetic Fragrance Demand Share Forecast, 2019-2026

9. North America Synthetic Fragrance Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Synthetic Fragrance Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Synthetic Fragrance Market Size and Volume Forecast by Application
      9.4.1. Cosmetics
      9.4.2. Soap
      9.4.3. Perfume
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Synthetic Fragrance Market Size and Volume Forecast by Type
      9.7.1. Hydrocarbon Synthetic Fragrance
      9.7.2. Alcohol Synthetic Fragrance
      9.7.3. Aromatic Synthetic Fragrance
      9.7.4. Ether Synthetic Fragrance
      9.7.5. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Synthetic Fragrance Demand Share Forecast, 2019-2026

10. Latin America Synthetic Fragrance Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Synthetic Fragrance Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Synthetic Fragrance Market Size and Volume Forecast by Application
      10.4.1. Cosmetics
      10.4.2. Soap
      10.4.3. Perfume
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Synthetic Fragrance Market Size and Volume Forecast by Type
      10.7.1. Hydrocarbon Synthetic Fragrance
      10.7.2. Alcohol Synthetic Fragrance
      10.7.3. Aromatic Synthetic Fragrance
      10.7.4. Ether Synthetic Fragrance
      10.7.5. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Synthetic Fragrance Demand Share Forecast, 2019-2026

11. Europe Synthetic Fragrance Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Synthetic Fragrance Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Synthetic Fragrance Market Size and Volume Forecast by Application
      11.4.1. Cosmetics
      11.4.2. Soap
      11.4.3. Perfume
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Synthetic Fragrance Market Size and Volume Forecast by Type
      11.7.1. Hydrocarbon Synthetic Fragrance
      11.7.2. Alcohol Synthetic Fragrance
      11.7.3. Aromatic Synthetic Fragrance
      11.7.4. Ether Synthetic Fragrance
      11.7.5. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Synthetic Fragrance Demand Share, 2019-2026

12. Asia Pacific Synthetic Fragrance Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Synthetic Fragrance Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Synthetic Fragrance Market Size and Volume Forecast by Application
      12.4.1. Cosmetics
      12.4.2. Soap
      12.4.3. Perfume
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Synthetic Fragrance Market Size and Volume Forecast by Type
      12.7.1. Hydrocarbon Synthetic Fragrance
      12.7.2. Alcohol Synthetic Fragrance
      12.7.3. Aromatic Synthetic Fragrance
      12.7.4. Ether Synthetic Fragrance
      12.7.5. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Synthetic Fragrance Demand Share, 2019-2026

13. Middle East & Africa Synthetic Fragrance Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Synthetic Fragrance Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Synthetic Fragrance Market Size and Volume Forecast by Application
      13.4.1. Cosmetics
      13.4.2. Soap
      13.4.3. Perfume
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Synthetic Fragrance Market Size and Volume Forecast by Type
      13.7.1. Hydrocarbon Synthetic Fragrance
      13.7.2. Alcohol Synthetic Fragrance
      13.7.3. Aromatic Synthetic Fragrance
      13.7.4. Ether Synthetic Fragrance
      13.7.5. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Synthetic Fragrance Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Synthetic Fragrance Market: Market Share Analysis
   14.2. Synthetic Fragrance Distributors and Customers
   14.3. Synthetic Fragrance Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. BASF
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Dow Chemical
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Corning
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Clariant International
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Eastman Chemical
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Evonik Industries
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. FMC Corp
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Akzo Nobel
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Ashland
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Givaudan
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Lanxess
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Lonza Group
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Merck KGaA
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Procter & Gamble
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Royal DSM
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Royal Dutch Shell
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Croda International
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Emery Oleochemicals
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. Vantage Specialty Chemicals
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Solvay
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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