Aroma Chemicals Market by Chemical Type, Application, and Geography - Forecast and Analysis 2023-2027

Published: Nov 2022 Pages: 175 SKU: IRTNTR44678

Aroma Chemicals Market Forecast 2023-2027

The aroma chemicals market is estimated to grow by USD 2.19 billion at a CAGR of 6.16% between 2022 and 2027. Changes in consumer preferences, such as a shift towards more sustainable and energy-efficient products, are driving the demand for metal castings in various industries. The growth in end-user markets, including automotive, aerospace, and construction, is also contributing to the market's expansion. Additionally, the rise in demand from regions like Asia-Pacific (APAC) and South America is creating new growth opportunities for metal casting manufacturers. These factors combined are driving the growth of the global metal casting market.

What will be the size of the Market Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by application (soaps and detergents, cosmetics and toiletries, fine fragrances, and others), type (terpenes, benzenoids, musk chemicals, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

By Application

The market share growth by the soaps and detergents will be significant during the forecast period. The soap market is divided into true soaps (a combination of caustic material, fast, and other chemicals) and non-soapy detergents (mainly petroleum by-products).

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The soaps and detergents show a gradual increase in the market share of USD 1.78 billion in 2017. Most soap manufacturers do not maintain in-house chemical production capabilities for enhanced properties, such as fragrance. They source the materials from other suppliers that manufacture fragrance ingredients. This scenario has increased the business for the vendors operating in the market. The rise in awareness regarding health and personal hygiene has increased the use of aroma chemicals in soaps and detergents. The rise in the demand for premium soaps in emerging markets, such as the Middle East, South America, and APAC, has increased the consumption of aroma chemicals, especially those synthesized using natural ingredients. This is primarily driving the soaps and detergents segment growth during the forecast period.

By Region

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is a mature market for aroma chemicals. The buyers in this region are more open to new ideas and have a high penetration rate for premium fragrance products. Mexico and Canada are the other two prominent hubs for aroma chemicals. The presence of many established vendors of aroma chemicals in this region, along with the presence of end-user industries of aroma chemicals, is a notable factor that can be attributed to the market growth in North America during the forecast period. 

Market Dynamics and Customer Landscape

The market is experiencing growth due to industrial expansion, particularly in the fragrance, personal care products, and cosmetics industries. Synthetic chemicals, including benzene and aldehydes, are key components driving this market. Technological advancements have led to the development of fragrance oils used in perfumes, soaps, wines, and detergents. The market caters to the fragrance and food & beverage industries, responding to consumer spending trends and net sales in beauty and grooming. It also serves cosmetics & toiletries, soaps & detergents, food & beverages, dairy, fine fragrances, convenience foods, bakery foods, and confectionery industries, providing natural-identical aromas and other fragrant compounds for various applications. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The change in consumer preferences is notably driving the aroma chemicals market growth. Studying perception and consumer buying behavior is crucial for analyzing industry performance and growth prospects. Consumer behavior involves how individuals and organizations choose, use, and discard goods or services. There has been a significant rise in the popularity of personal care products with enhanced fragrances, not just among women but also among men. This trend is particularly notable in industries such as the fragrance industry, personal care products industries, and fine fragrances industry. Additionally, the convenience foods industry, bakery foods industry, and confectionery industry have also witnessed increased consumer interest in products with enhanced fragrances. The men's grooming sector has expanded rapidly, offering a wide array of personal care items.

Changing lifestyles, driven by increased disposable incomes and heightened health awareness, have prompted consumers to spend more on high-quality products. There is a growing awareness of personal hygiene, leading to increased use of fragranced cleaning and home care products. The middle class, with its improving lifestyle and greater purchasing power, is becoming more beauty and grooming conscious, driving the demand for aroma chemicals in the foreseeable future.

Major Market Trends

Advances in technology and emerging applications are a major trend in the market. The established vendors in the market are involved in enhancing the available technologies and the development of new products. The synthesis of aroma chemicals such as terpenes is difficult as they have complex chemical structures, and plants produce these valuable chemicals in very small amounts. 

This factor makes the production process difficult, time-consuming, and expensive if extracted directly from the plants. Scientists have found some enzymes and pathways that produce these chemicals in plants. They have identified genes that code the enzymes that synthesize terpenoids and give terpenes their basic properties. Therefore, a synthetic biological technique that can produce larger quantities of terpenes can be developed by using plants and microorganisms as factories for manufacturing these compounds. The demand for natural aroma chemicals is increasing; therefore, research on the easy manufacture of enhanced fragrance variants is being considered. All such developments are expected to propel the market in focus during the forecast period. 

Significant Market Challenge

High R&D cost is a major challenge impeding the market growth. Aroma chemicals are crucial for manufacturing many products. Though the cost of raw materials is high, manufacturers are under pressure to spend more on R&D to improve the products and retain existing customers.

Changing consumer preferences are affecting the market, which requires manufacturers to develop new and interesting solutions to cater to the customer's needs. The certification process that ensures the quality and safety of the product is also an expensive procedure. Therefore, the high R&D costs involved in the aroma chemicals market are a challenge to the vendors in the market. They need to invest a huge amount in R&D annually to survive in the competitive market scenario. Moreover, there could be a time lag between the demand for aroma chemicals and the delivery due to complex R&D processes and changing customer preferences.

A vendor's R&D focuses on the research of new materials, enhancement of existing compounds and ingredients, and the creation of new compounds and technologies to support the system. Vendors also focus on the R&D of aroma chemicals based on the client's requirement for the development of aroma chemicals tailored to the customer's needs. They also collaborate with different research centers across the world to deliver innovative, unique, and natural products, which further increases the cost. Such factors directly hamper the growth of the market in focus during the forecast period. 

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Global Market Market Customer Landscape

Who are the Major Aroma Chemicals Market Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Kao Corp - The company?offers fabric care, home care, and sanitary products. The key offerings include?aroma chemicals. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Aroma Aromatics & Flavours
  • Bell Flavors & Fragrances GmbH
  • Bordas SA
  • De Monchy Aromatics Ltd.
  • Ernesto Ventos SA
  • Eternis Fine Chemicals Ltd.
  • S H Kelkar and Co. Ltd.
  • Koninklijke DSM NV
  • KURARAY Co. Ltd.
  • Lanxess AG
  • Norex Flavours Pvt. Ltd.
  • Oriental Aromatics Ltd.
  • Indesso
  • Symrise AG
  • Takasago International Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook 
    • Soaps and detergents
    • Cosmetics and toiletries
    • Fine fragrances
    • Others
  • Type Outlook 
    • Terpenes
    • Benzenoids
    • Musk chemicals
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Market Analyst Overview

The market is thriving with advancements in Extracting technologies and a shift towards Sustainable fragrances. The Cosmetics industry and Personal care industry are major consumers, demanding Customizable fragrances and Greener fragrance formulations. Additionally, the Food & beverages industry seeks Naturally derived compounds for Low calories drinks and Organic molecules for enhanced products. International Flavors & Fragrances (IFF) leads in innovative solutions, catering to Niche fragrances and Fine Fragrances Application. However, challenges like Environmental and sanitary risks and concerns over Synthetic chemicals in perfumes persist, emphasizing the need for Natural fragrances and safer alternatives.

The market is crucial for various industries, including the Chemical sector and the Food and beverage industry, where it enhances the flavors and fragrances of products. It's also integral to the Cosmetics & toiletries industry for creating appealing scents in products like Creams, Facemasks, and Soaps & detergents. The market also serves the Dairy industry by improving the aroma of dairy products. However, concerns exist regarding the use of Petroleum-based chemicals and Synthetic aroma chemicals, with a growing interest in natural alternatives like Terpenes/Terpenoids and Spices. Understanding the Potential health effects of these chemicals is paramount for consumer safety.

 Market Scope

Report Coverage

Details

Page number

175

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.16%

Market growth 2023-2027

USD 2.19 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.76

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 37%

Key countries

US, China, India, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aroma Aromatics & Flavours, Bell Flavors & Fragrances GmbH, Bordas SA, De Monchy Aromatics Ltd., Ernesto Ventos SA, Eternis Fine Chemicals Ltd., Kao Corp., S H Kelkar and Co. Ltd., Koninklijke DSM NV, KURARAY Co. Ltd., Lanxess AG, Norex Flavours Pvt. Ltd., Oriental Aromatics Ltd., Indesso, Symrise AG, Takasago International Corp., BASF SE, Givaudan SA, and Zeon Corp.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global aroma chemicals market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global aroma chemicals market 2017 - 2021 ($ million)
    • 4.2 By Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – By Application Segment 2017 - 2021 ($ million)
    • 4.3 By Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – By Type Segment 2017 - 2021 ($ million)
    • 4.4 By Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – By Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Soaps and detergents - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Soaps and detergents - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Soaps and detergents - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Soaps and detergents - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Soaps and detergents - Year-over-year growth 2022-2027 (%)
    • 6.4 Cosmetics and toiletries - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Cosmetics and toiletries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Cosmetics and toiletries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Cosmetics and toiletries - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Cosmetics and toiletries - Year-over-year growth 2022-2027 (%)
    • 6.5 Fine fragrances - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Fine fragrances - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Fine fragrances - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Fine fragrances - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Fine fragrances - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 51: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 53: Chart on Comparison by Type
      • Exhibit 54: Data Table on Comparison by Type
    • 7.3 Terpenes - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Terpenes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Terpenes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Terpenes - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Terpenes - Year-over-year growth 2022-2027 (%)
    • 7.4 Benzenoids - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Benzenoids - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Benzenoids - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Benzenoids - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Benzenoids - Year-over-year growth 2022-2027 (%)
    • 7.5 Musk chemicals - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Musk chemicals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Musk chemicals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Musk chemicals - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Musk chemicals - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 71: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 117: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 120: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 121: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 122: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 123: Matrix on vendor position and classification
            • 12.3 BASF SE
              • Exhibit 124: BASF SE - Overview
              • Exhibit 125: BASF SE - Business segments
              • Exhibit 126: BASF SE - Key news
              • Exhibit 127: BASF SE - Key offerings
              • Exhibit 128: BASF SE - Segment focus
            • 12.4 Ernesto Ventos SA
              • Exhibit 129: Ernesto Ventos SA - Overview
              • Exhibit 130: Ernesto Ventos SA - Product / Service
              • Exhibit 131: Ernesto Ventos SA - Key offerings
            • 12.5 Eternis Fine Chemicals Ltd.
              • Exhibit 132: Eternis Fine Chemicals Ltd. - Overview
              • Exhibit 133: Eternis Fine Chemicals Ltd. - Product / Service
              • Exhibit 134: Eternis Fine Chemicals Ltd. - Key offerings
            • 12.6 Givaudan SA
              • Exhibit 135: Givaudan SA - Overview
              • Exhibit 136: Givaudan SA - Business segments
              • Exhibit 137: Givaudan SA - Key offerings
              • Exhibit 138: Givaudan SA - Segment focus
            • 12.7 Kao Corp.
              • Exhibit 139: Kao Corp. - Overview
              • Exhibit 140: Kao Corp. - Business segments
              • Exhibit 141: Kao Corp. - Key offerings
              • Exhibit 142: Kao Corp. - Segment focus
            • 12.8 S H Kelkar and Co. Ltd.
              • Exhibit 143: S H Kelkar and Co. Ltd. - Overview
              • Exhibit 144: S H Kelkar and Co. Ltd. - Business segments
              • Exhibit 145: S H Kelkar and Co. Ltd. - Key offerings
              • Exhibit 146: S H Kelkar and Co. Ltd. - Segment focus
            • 12.9 Koninklijke DSM NV
              • Exhibit 147: Koninklijke DSM NV - Overview
              • Exhibit 148: Koninklijke DSM NV - Business segments
              • Exhibit 149: Koninklijke DSM NV - Key news
              • Exhibit 150: Koninklijke DSM NV - Key offerings
              • Exhibit 151: Koninklijke DSM NV - Segment focus
            • 12.10 KURARAY Co. Ltd.
              • Exhibit 152: KURARAY Co. Ltd. - Overview
              • Exhibit 153: KURARAY Co. Ltd. - Business segments
              • Exhibit 154: KURARAY Co. Ltd. - Key offerings
              • Exhibit 155: KURARAY Co. Ltd. - Segment focus
            • 12.11 Lanxess AG
              • Exhibit 156: Lanxess AG - Overview
              • Exhibit 157: Lanxess AG - Business segments
              • Exhibit 158: Lanxess AG - Key offerings
              • Exhibit 159: Lanxess AG - Segment focus
            • 12.12 Norex Flavours Pvt. Ltd.
              • Exhibit 160: Norex Flavours Pvt. Ltd. - Overview
              • Exhibit 161: Norex Flavours Pvt. Ltd. - Product / Service
              • Exhibit 162: Norex Flavours Pvt. Ltd. - Key offerings
            • 12.13 Oriental Aromatics Ltd.
              • Exhibit 163: Oriental Aromatics Ltd. - Overview
              • Exhibit 164: Oriental Aromatics Ltd. - Business segments
              • Exhibit 165: Oriental Aromatics Ltd. - Key offerings
              • Exhibit 166: Oriental Aromatics Ltd. - Segment focus
            • 12.14 Indesso
              • Exhibit 167: Indesso - Overview
              • Exhibit 168: Indesso - Product / Service
              • Exhibit 169: Indesso - Key offerings
            • 12.15 Symrise AG
              • Exhibit 170: Symrise AG - Overview
              • Exhibit 171: Symrise AG - Business segments
              • Exhibit 172: Symrise AG - Key offerings
              • Exhibit 173: Symrise AG - Segment focus
            • 12.16 Takasago International Corp.
              • Exhibit 174: Takasago International Corp. - Overview
              • Exhibit 175: Takasago International Corp. - Business segments
              • Exhibit 176: Takasago International Corp. - Key news
              • Exhibit 177: Takasago International Corp. - Key offerings
              • Exhibit 178: Takasago International Corp. - Segment focus
            • 12.17 Zeon Corp.
              • Exhibit 179: Zeon Corp. - Overview
              • Exhibit 180: Zeon Corp. - Business segments
              • Exhibit 181: Zeon Corp. - Key offerings
              • Exhibit 182: Zeon Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 183: Inclusions checklist
                • Exhibit 184: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 185: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 186: Research methodology
                • Exhibit 187: Validation techniques employed for market sizing
                • Exhibit 188: Information sources
              • 13.5 List of abbreviations
                • Exhibit 189: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

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              Quantitative

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              Key Questions Answered

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              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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