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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Benzenoid Market By Product Type, Application, and Region Forecast 2020-2031
Benzenoid Market size was valued at US$ 832.4 million in 2024 and is expected to reach US$ 1,243.3 million by 2031, growing at a significant CAGR of 5.9% from 2025-2031. Benzenoids are a class of chemical compounds with at least one benzene ring. These compounds have increased stability due to resonance in the benzene rings. Most aromatic hydrocarbons are benzenoid. The increasing applications across the aroma chemicals, flavor, and fragrance industry is driving the global market growth.
For instance, benzenoid also known as an aromatic hydrocarbon, has various applications in cosmetics, pharmaceuticals, soaps, and other beauty products. Also, benzenoid is widely used in consumer goods such as detergents, perfumes, hair oils, confectionaries, beverages, and others. Hence, the various applications of benzenoids in different industries will maintain the global market trend. Moreover, the shifting flavours & fragrance trends and preferences will fuel the global market growth. Also, the growing retail sector in emerging countries and the availability of products such as cosmetics, detergents, soaps, fragrances, and other products will boost the global market growth.
However, the increasing health risk associated with chemical compounds may hamper the overall market during the forecast period. The compounds are very toxic in nature and some are carcinogenic. Hence, the increasing awareness about chemical products and the trend of using organic natural products will restrain the global market growth. Based on the product type, the market can be divided into benzyl acetate, benzoate, chloride, salicylate, benzaldehyde, cinnamyl, vanillin, and others. Geographically, Asia Specific held the major market share in the global market and is expected to dominate the global market in the forecasted years.
Study Period
2025-2031Base Year
2024CAGR
5.9%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The increasing demand for benzenoids in the fragrance industry is driving the global benzenoid market growth. Aroma or fragrance is the essence of every product, and each aroma molecule can be adapted to suit a variety of products and their own signature fragrance. The growing demand for fragrances in haircare, cosmetics, and a variety of personal care products is boosting the overall market growth. Also, the strong marketing strategy of global players is attracting customers across the world with the increasing retail sales and the increasing number of e-commerce platforms. Hence, it will drive global market growth.
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market Size in 2024 |
US$ 832.4 million |
Market Size in 2031 |
US$ 1,243.3 million |
Market CAGR |
5.9% |
By Product Type |
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By Application |
|
By Region |
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The benzenoid market size was valued at US$ 832.4 million in 2024 and is expected to reach US$ 1,243.3 million by 2031, growing at a significant CAGR of 5.9% from 2025-2031.
Historic years considered for the market study are 2017 through 2021, 2021 is considered as the base year for market estimation and Seven years forecast presented from 2022 – 2028.
Asia Specific is dominating the global market.
1. Executive Summary |
2. Global Benzenoid Market Introduction |
2.1. Global Benzenoid Market Taxonomy |
2.2. Global Benzenoid Market Definitions |
2.2.1. By Product Type |
2.2.2. By Application |
2.2.3. By Region |
3. Global Benzenoid Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Benzenoid Market Dynamic Factors - Impact Analysis |
3.6. Global Benzenoid Market Competition Landscape |
3.7. Epidemiology |
4. Global Benzenoid Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 |
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Benzenoid Market, By Product Type, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.1. Benzyl Acetate |
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Benzoate |
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Chloride |
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Salicylate |
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Benzaldehyde |
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Cinnamyl |
5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Vanillin |
5.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Others |
5.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
6. Global Benzenoid Market, By Application, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
6.1. Soaps & Detergents |
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Personal Care |
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Food & Beverage |
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Household Care |
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Benzenoid Market Forecast, By Region, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
7.1. North America |
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia-Pacific |
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Latin America |
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Middle East and Africa |
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Global Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2025 - 2031 |
8. North America Benzenoid Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
8.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
8.1.1. R Benzyl Acetate |
8.1.2. Benzoate |
8.1.3. Chloride |
8.1.4. Salicylate |
8.1.5. Benzaldehyde |
8.1.6. Cinnamyl |
8.1.7. Vanillin |
8.1.8. Others |
8.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
8.2.1. Soaps & Detergents |
8.2.2. Personal Care |
8.2.3. Food & Beverage |
8.2.4. Household Care |
8.2.5. Others |
8.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
8.3.1. USA |
8.3.2. Canada |
8.4. North America Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2025 - 2031 |
8.5. North America Benzenoid Market Dynamics Trends |
9. Europe Benzenoid Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
9.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. R Benzyl Acetate |
9.1.2. Benzoate |
9.1.3. Chloride |
9.1.4. Salicylate |
9.1.5. Benzaldehyde |
9.1.6. Cinnamyl |
9.1.7. Vanillin |
9.1.8. Others |
9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Soaps & Detergents |
9.2.2. Personal Care |
9.2.3. Food & Beverage |
9.2.4. Household Care |
9.2.5. Others |
9.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Germany |
9.3.2. UK |
9.3.3. France |
9.3.4. Spain |
9.3.5. Italy |
9.3.6. Rest of Europe |
9.4. Europe Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2025 - 2031 |
9.5. Europe Benzenoid Market Dynamics Trends |
10. Asia-Pacific Benzenoid Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
10.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. R Benzyl Acetate |
10.1.2. Benzoate |
10.1.3. Chloride |
10.1.4. Salicylate |
10.1.5. Benzaldehyde |
10.1.6. Cinnamyl |
10.1.7. Vanillin |
10.1.8. Others |
10.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Soaps & Detergents |
10.2.2. Personal Care |
10.2.3. Food & Beverage |
10.2.4. Household Care |
10.2.5. Others |
10.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.3.1. China |
10.3.2. India |
10.3.3. Japan |
10.3.4. ASEAN |
10.3.5. Australia & New Zealand |
10.3.6. Rest of Asia-Pacific |
10.4. Asia-Pacific Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2025 - 2031 |
10.5. Asia-Pacific Benzenoid Market Dynamics Trends |
11. Latin America Benzenoid Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
11.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. R Benzyl Acetate |
11.1.2. Benzoate |
11.1.3. Chloride |
11.1.4. Salicylate |
11.1.5. Benzaldehyde |
11.1.6. Cinnamyl |
11.1.7. Vanillin |
11.1.8. Others |
11.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Soaps & Detergents |
11.2.2. Personal Care |
11.2.3. Food & Beverage |
11.2.4. Household Care |
11.2.5. Others |
11.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Brazil |
11.3.2. Mexico |
11.3.3. Rest of Latin America |
11.4. Latin America Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2025 - 2031 |
11.5. Latin America Benzenoid Market Dynamics Trends |
12. Middle East and Africa Benzenoid Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
12.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. R Benzyl Acetate |
12.1.2. Benzoate |
12.1.3. Chloride |
12.1.4. Salicylate |
12.1.5. Benzaldehyde |
12.1.6. Cinnamyl |
12.1.7. Vanillin |
12.1.8. Others |
12.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Soaps & Detergents |
12.2.2. Personal Care |
12.2.3. Food & Beverage |
12.2.4. Household Care |
12.2.5. Others |
12.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Gulf Cooperation Council (GCC) Countries |
12.3.2. South Africa |
12.3.3. Rest of MEA |
12.4. MEA Benzenoid Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2025 - 2031 |
12.5. MEA Benzenoid Market Dynamics Trends |
13. Competition Landscape |
13.1. Strategic Dashboard of Top Market Players |
13.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis) |
13.2.1. BASF SE |
13.2.2. Firmenich SA |
13.2.3. International Flavors & Fragrances, Inc. |
13.2.4. Valtris Specialty Chemicals |
13.2.5. Eternis Fine Chemicals Ltd |
13.2.6. Symrise AG |
13.2.7. Sensient Technologies Corporation |
13.2.8. Givaudan |
13.2.9. Emerald Kalama Chemical |
13.2.10. Tennants Fine Chemicals Ltd. |
14. Research Methodology |
15. Key Assumptions and Acronyms |
Key Market Players