Anisole Market Anticipated To Grow Owing To Enhanced Demand From Cosmetics And Fragrance Industries Till 2022: Grand View Research, Inc.

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Anisole market is witnessing high growth over the past few years on account of increasing applications in chemical and pharmaceutical industries.

Global anisole market is witnessing high growth over the past few years on account of increasing applications in chemical and pharmaceutical industries. It is a colorless organic liquid having a particular spicy sweet odor and many of its derivatives can be found in natural and artificial fragrances.

Increasing application scope and growing demand from cosmetics and fragrance industry is likely to boost the product demand over the forecast period. In addition, it is used as a solvent in number of process industries, which is further expected to propel the demand. Further, its application as insect pheromones is expected to open new opportunities in the field over the forecast period.

Anisole is utilized in manufacturing inorganic complexes and nanoparticles, which include tin oxide, increasing the demand of which is expected to promote market growth over the forecast period. Increasing application of its derivatives as flavoring agents in animal feed is likely to contribute to the market growth over the forecast period. However, exposure to the product above critical limits can cause health problems including throat burning, irritation in eyes, and foreign taste in mouth.

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Anisole is synthesized using sodium phenoxide and methyl bromide by Williamson ether synthesis. It is widely used in preparation of different flavors including gardenia, lilac, and sunflower. Rising consumption of this product as beer antioxidant and UV stabilizer for ethylene polymer is expected to trigger the market demand in the next seven years. In addition, increasing use in intestinal pesticides is expected to fuel growth over the forecast period.

Application of the product as thermostat filler is expected to have a positive impact on the market. It is used for synthesis of cleavage compounds such as phosphopeptides, 2-(arylamino)quinazolinones, and 1,5-disubstituted 2-aryliminoimidazolidines by solid phase synthesis.

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Rising demand for consumer products such as fragrances and flavors on account of changing consumer habits along with better living standards is expected to augment the demand for anisole in emerging economies including India, China, and Brazil. Europe and North America are expected to have high market growth on account of increasing consumer demand for perfumes.

Latin America is one of the emerging segments for perfumes and is expected to grow at a significant rate in the next seven years. Similarly, improved standard of living in emerging economies is expected to promote the demand for anisole in future. Increasing development in thermostat sector in North America and Europe is stimulating demand for the product owing to its application as thermostat filler.

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