Impact of COVID-19 on Economy, Industry and Company :
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in significant demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identify various methodologies which would assist C-Level executive to counter this ongoing threat and make informed business decision.
Kindly contact us to know more details: https://www.bizizzmarketresearch.com/contact
The Global Linalool Market was Valued at US$ 8.87 Bn in 2019 and it is Expected to Reach More than US$ 12.56 Bn by 2028, Likely to Grow with the CAGR of 3.9 % During the Forecast Period.
Linalool is two enantiomers of a naturally occurred terpene alcohol which can be extracted from several spies and flower plants like ylang-ylang, laurel, lemon, tangerine, cypress, and spearmint. The chemical is used as a scent in most of the perfumed hygienic and cleaning agents such as lotions, soaps, shampoos, and detergents. The most common linalool downstream product is Vitamin E. The global linalool market has shown impressive growth and anticipated to grow at a same pace during the forecast period. Some of the factors fuelling the growth of global linalool market include rising demand from end-use industries, growing chemical sector, and advantages associated with linalool.
Huge Demand from Several End-Users Coupled with Its Advanced Features is anticipated to Propel the Market Growth
Linalool contains a touch of spiciness and a floral aroma similar to lavender which makes it suitable for many commercial applications such as oils and creams. Linalool is significantly used in personal care and pharmaceutical products owing to the advantages associated with it. Linalool has pain reducer and anti-inflammation properties which is useful for diminishing an overreactive response to a sickness or injury. Also, linalool helps in reducing stress level which is making it popular among working population.
These chemicals are gaining popularity in chemical and pharmaceutical industries owing to their anti-microbial properties. Medicines and cosmetic products need high concentration level of essential oils to maintain their microbial purity. Linalool maintain the microbial purity of these products without putting any adverse effects which makes it preferable among these industries. Additionally, linalool has applications in cockroach, fruit fly, and flea insecticides. Some of the mosquito repellent products contain linalool. These factors are anticipated to boost the growth of global linalool market over the forecast period.
Adverse Effects of These Chemicals Might Hamper the Market Growth
Linalool has minimal potential negative aspects. Some of the rare side effects of the chemical is allergic reaction or skin irritation if used directly to the skin. Only 7% people who went through patch testing of oxidized linalool experienced irritation. This might hamper the growth of global market. However, in response with huge demand from end-users cosmetic and pharmaceutical companies are continuously introducing linalool-based products which are expected to positively influence the market growth.
North America is anticipated to lead the Global Market during the Forecast Timespan
By geography, North America is anticipated to occupy highest share throughout the forecast period. The U.S. is one of the largest producers of linalool which is anticipated to support the regional growth. Moreover, rising fragrance and flavour sector in North America is expected to positively influence the market growth.
Asia Pacific is projected to witness rapid growth in global Linalool market. The growth of the region can be credited to significant demand for persona care and cosmetic products coupled with rising income per capita and trend of dual income in emerging economies such as China, Japan, and India. Furthermore, Latin America is expected to witness noteworthy growth in coming years. Manufacturers are focused on targeting untapped market which will further fuel the growth of linalool market in Latin America.
Key players operating in global Linalool market include Purong Essences, Symrise, Jiaxing Sunlong Industrial & Trading, BASF, Tianxiang, DSM, Jiangxi East, NHU, Arora Aromatics Pvt. Ltd, Elan-Chemical.com, Menthaallied, The John D. Walsh Company Inc, and Phoenix Aromas & Essential Oils LLC.
Global Linalool Market by Product Type
- Synthetic Linalool
- Natural Linalool
Global Linalool Market by Application
Global Linalool Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America