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.
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:
- 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
Highlights of The Synthetic Fragrance 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:
- Hydrocarbon Synthetic Fragrance
- Alcohol Synthetic Fragrance
- Aromatic Synthetic Fragrance
- Ether Synthetic Fragrance
- Other
- By Application:
- Cosmetics
- Soap
- Perfume
- 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 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.
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- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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- 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?
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