Global Perfume chemical ingredients market is valued approximately at USD 17.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.67% over the forecast period 2020-2026. Fragrance refers to a variety of ingredients used to convey scent. A perfume is a mixture of aroma compounds fragrant with essential oils, solvents, and fixatives. Perfume chemicals are complex combinations of synthetic and/or natural substances that are added to products to give them a distinctive fragrance. Increasing urbanization, increased demand for natural and healthy products and an aging population are the main influencers driving the changing consumer preferences. New consumer products drive the market for perfume ingredients, in particular hair and skin care products. As per statista, “Revenue in the Natural Cosmetics segment amounts to US$803.8m in 2020”Harmful effects of synthetic fragrance ingredients and High price & short shelf life of natural fragrance ingredients are the restraining factors.
Increasing demand for fragrances from Latin American and Asia-Pacific emerging economies will provide opportunities for the chemical market for perfume ingredients within the forecast period, as there is growing demand for detergents market in Asia-Pacific. Europe dominates the chemicals market for perfume ingredients followed by North America. Significant growth in Europe is seen in key markets in the regions such as France, Germany and Switzerland. A substantial growth for the market of perfume ingredients is expected due to the improved standard of living and increased manufacturing facilities in Asia Pacific. The rising disposable income of consumers in countries such as Chile, Brazil and Argentina is encouraging the growth of perfume ingredients market.
Major market player included in this report are:
YingYang (China) Aroma Chemical Group
Godavari Biorefineries Ltd.
Zhejiang Xinhua Chemical Co., Ltd.
Harmony Organic
Eternis Fine Chemicals Ltd.
Atul Ltd.
Hankel AG & Co KGaA
Charkit Chemical Company LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Aromatic chemicals
Essential oils

By Application:
Soaps and detergents
Cosmetics and toiletries
Fine fragrances
Home Care
Laundry Care
Personal Care

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Residential Energy Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers