The global brassylic acid market size is expected to experience considerable growth backed by the growing demand for premium perfumes and the growing demand for adhesives across the globe. This information is published by Fortune Business Insights in its upcoming report, titled, “Brassylic Acid Market Size, Share & Industry Analysis, By Product type (Paraffin Oil, Vegetable Oil), By Application (Fragrances, Adhesives, Plastics, Others), By Process (Chemical, Fermentation) and Regional Forecast 2021-2028.”
The negative effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been at a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
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Fortune Business Insights™ lists out a few of the renowned companies present in the brassylic acid market. They are as follows:
- Cathay Industrial Biotech, Ltd.
- Palmary Chemical
- Unisource Chemicals Pvt. Ltd.
- Zibo Guangtong Chemical Co., Ltd.
- Beyo Chemical Co., Ltd
- Larodan Ab
- Evonik Industries
- Nantong Senos Biotechnology Co., Ltd.
- Shanghai Kaleys Holding Co., Ltd.
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- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
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- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
What Does the Report Offer?
- Deep research into the upcoming market opportunities;
- Granular evaluation of the market drivers, trends, and restraints;
- Microscopic analysis of all individual market segments; and
- Thorough examination of the regional developments and competitive dynamics of the market.
By Product type
- Paraffin Oil
- Vegetable Oil
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
We have segregated the global market for brassylic acid based on product type, application, process, and region. On the basis of product type, the market is segmented into paraffin oil and vegetable oil. Based on application, the market is divided into fragrances, adhesives, plastics, and others. Moreover, on the basis of process, the market is segmented into chemical and fermentation. Lastly, based on the region, the market is categorized into Europe, Latin America, North America, Asia-Pacific, and the Middle East and Africa.
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What does the Report Provide?
The global market for brassylic acid report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.
Increasing Demand for Premium Perfumes to Aid Growth
The rapid-paced urbanization and the high disposable income of the working population is expected to drive the demand for premium perfumes globally. Moreover, the growing demand for customization trend is propelling the manufacturers to introduce new fragrances to cater to the consumer’s demand. For instance, in February 2021, Bulgari announced the launch of new customized perfume fragrances with the launch of its Allegra collection that comes with magnifying essence to enable customers to personalize their perfumes as per personal taste. This is expected to boost the adoption of advanced brassylic acid for perfume manufacturing purposes. Moreover, the growing demand for adhesives in the construction sector is anticipated to bode well for the global brassylic acid market during the forecast period.
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Key Questions Answered:
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth?
- Why Choose Fortune Business Insights?
Asia-Pacific – The region is expected to hold the largest global brassylic acid market share in terms of revenue during the forecast period. This is attributable to the high disposable income of the working population and the evolving lifestyle of consumers that will boost the adoption of brassylic acid for manufacturing premium grade perfumes in the region.
Latin America – The region is expected to experience moderate growth backed by the limited presence of manufacturers and sparse availability of substitutes that will impact the demand for brassylic acid in the region between 2020 and 2027.
Prominent Companies Focus on Expanding Facilities to Strengthen Their Footprint
The global market for brassylic acid comprises small, medium, and large companies striving to maintain their stronghold by expanding their production facilities to cater to the growing industrial demand. Additionally, adoption of strategies such as partnership, collaboration, and merger and acquisition by other key players is expected to bode well for the growth of the market.
- July 2020 – Evonik, a leading engineered polymer technology provider, announced the launch of its new manufacturing center for 3D printing located in Texas. The company aims to strengthen its position in the global marketplace with its proactive expansion strategies.
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