Overview of Synthetic Perfumes Market Growth with Upcoming Opportunities Industry Trends to 2028

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The high demand for personal care products would also boost the demand for synthetic fragrances among young people.

NEW YORK CITY, NEW YORK, USA, Aug. 18, 2022 /EINPresswire.com/ — The synthetic fragrance market size was significantly large in 2020 and is expected to continue registering a rapidly increasing revenue CAGR between 2021 and 2028. Key factors responsible for the market revenue growth are the versatility and longevity of these fragrances, as well as the cost effectiveness of synthetic fragrances compared to natural fragrances.

Synthetic fragrances are high performance fragrances made from synthetic/artificial materials. These are chemically induced reactions that help create an artificial scent. These are usually produced in laboratories and have been in use since the late 1800s. These are known to replace natural materials, such as leaves, barks, and flowers. The palette of ingredients needed to make synthetic perfumes is vast, and the aroma of them is richer than natural perfumes. These amalgams of man-made materials and compounds belong to a group of substances known as petrochemicals. In addition, the synthetic fragrance can reproduce natural chords, without harming the environment.

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

Factors driving the growth of the global synthetic fragrance market are ever increasing demand for fragrances, developing economy in a growing market, less labor intensive, rise in consumption habits of consumers , the fall in the cost of raw materials and the expansion of the cosmetics industry. In addition to this, rising concerns over appearance and high demand for personal care products would also propel the demand for synthetic fragrances among young people.

The chemicals used for the production of synthetic chemicals, including aldehydes, phthalates and benzene derivatives, are highly toxic to manufacturers and consumers. These chemicals are especially dangerous for pregnant women, as this toxicity can lead to birth defects and developmental disabilities in children. Synthetic fragrances are very harmful to the environment and often cause water pollution and air contamination.

The major regions covered in the report are as follows:

North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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Market segmentation :

Product Type Outlook (Revenue, USD Billion; 2018-2028)

Synthetic Hydrocarbon Perfume
Alcohol Synthetic Perfume
Aromatic Synthetic Perfume
Ether Synthetic Perfume

Application Outlook (Revenue, USD Billion; 2018-2028)

Beauty products

Category Outlook (Revenue, USD Billion; 2018-2028)

Full Synthetics
Natural isolates

Sales Channel Outlook (Revenue, USD Billion; 2018-2028)

direct channel
Distribution channel

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Presentation of the report

1.1 Scope of research

1.2 Major Synthetic Perfumes Market Segments

1.3 Main players

1.4 Market Analysis by Product Type

1.5 Market Analysis by Application

1.6 Chronology of the report

Global Growth Trends

2.1 Global Synthetic Perfumes Market Size

2.2 Latest Regional Market Trends

2.3 Emerging Growth Trends

Competitive Perspectives

3.1 Key Players in Global Synthetic Perfumes Market

3.2 Global Synthetic Perfumes Size by Manufacturers

3.3 Major Players Products

3.4 Barriers to Entry in the Synthetic Perfumes Market

3.5 Mergers, acquisitions, joint ventures and other strategic alliances

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