How will advancements in the global cosmetics sector impact anisole market share over 2018-2024?

Burgeoning developments in the production of cosmetics, pharmaceuticals and fragrances are likely to add impetus to the anisole market over the forecast spell of 2018-2024. Anisole is made via methylation of sodium phenoxide and methyl chloride or dimethyl sulfate, and has myriad advantageous characteristics like good solubility in many organic solvents including ethanol, benzene, chloroform, and diethyl ether, among others. Get sample copy of this research report @ Rising per capital incomes, higher demand for high-quality skin-care products and the increasing focus on image consciousness among the working classes, particularly the middle- and high-income groups have led to a considerable demand surge for anisole from the cosmetics industry. Furthermore, suitable demographics and the advent of social media are contributing towards the heightening awareness pertaining to personal care items and instilling a sense of fashion in the population of various metropolitan and Tier 1 & 2 cities. The improving lifestyle conditions and shift towards a modern culture are likely to boost global anisole market outlook during the estimated timeline. In terms of revenue, APAC was the dominant region in 2017, having held over 30% of anisole industry share, as a result of higher disposable incomes, dependence on quality personal care items, global influence on lifestyles and the rising prevalence of foreign brands in the region. Likewise, changing weather conditions in the region will spur the utilization of sunscreen products with SPF properties. The APAC region is also likely to witness elevated demand for anisole application in pesticides owing to the robust growth of the regional agricultural sector. For example, the Chinese government is largely focused on agricultural reformation. Request For Discount of this Report @ On a similar note, the Indian government has initiated several measures for the augmentation of the agricultural sectors, including the 'Pradhan Mantri Fasal Bima Yojana' and 'Paramparagat Krishi Vikas Yojana', among others. The Indian government has also made investments of over $ 470 million under the "Blue Revolution Vision", in an attempt to gain an annual growth rate of over 6-8% for the agricultural sector and other related verticals. With regards to the application spectrum, the cosmetics segment is projected to hold majority share of over 35% by 2024 in the overall anisole market. This segment demonstrates commendable application potential in the manufacture of fragrances, perfumes and other aromatic beauty products. On the other hand, the pharmaceuticals segment is expected to register a CAGR of 4.4% through 2024, in the global anisole industry. Anisole products are used as chemical intermediate in the production of bulk pharmaceutical products such as Dextromethorphan, Raloxifene and various expectorant and antiseptic substrates, among others. Browse complete Table of Contents (ToC) of this research report @