Synthetic musk refers to a chemical compound that is used in various perfumes for replicating the smell of deer musk or other animals such as civet cat or Louisianan muskrat. Synthetic musk is also known as white musk and is poorly soluble in water. It exhibits a high water partition co-efficient. It is often used as a sordid fragrance in many nitro-musk and perfumes. They have a clean, smooth and sweet scent that lacks the fecal notes of animal musks.
MARKET DYNAMICS
An increase in the spending of consumers in personal care and cosmetic products drives the growth of the synthetic musk market. Besides this, the application of synthetic musk as an alternative to deer musk also drives the market growth. However, organ toxicity, reproductive toxicity, and other health issues caused by synthetic musks restrict the growth of the market. The growth in perfume and fragrance industries in the coming years is expected to offer lucrative opportunities in synthetic musk market in the near future.
MARKET SCOPE
The "Global Synthetic Musk Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the synthetic musk market with detailed market segmentation by type, application, end user and geography. The global synthetic musk market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading synthetic musk market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global synthetic musk market is segmented on the basis of type, application and end user. On the basis of type, the synthetic musk market is segmented into nitro-musk, poly-cystic musk, macro-cylic musk and acrylic musk. Based on application the market is broken into detergent, soap, perfumes, colognes, lotions others. The synthetic musk market as per end use is bifurcated into cosmetics, food, water treatment and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synthetic musk market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The synthetic musk market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the synthetic musk market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the synthetic musk market in these regions.
MARKET PLAYERS
The reports cover key developments in the synthetic musk market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from synthetic musk market are anticipated to lucrative growth opportunities in the future with the rising demand for synthetic musk market in the global market. Below mentioned is the list of few companies engaged in the synthetic musk market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the synthetic musk market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- A.M. Aromatics Private Limited
- Baruti Fragrances
- BMV Fragrances Pvt. Ltd.
- Firmenich SA
- Givaudan
- Puyang Yuantai Fine Chemicals Co. Ltd.
- S. C. Johnson & Son, Inc.
- The Brooklyn Perfume Company
- The Good Scents Company
- Yingkou Tanyun Chemical Research