According to a new report, published by KBV research, The Global Anisole Market size is expected to reach $132.8 million by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 22360.1 Tonnes, experiencing a growth of 4.5% (2019-2022).
The Up To 99.5% segment is leading the Global Anisole Market by Grade in 2022 thereby, achieving a market value of $82.7 Million by 2030. A vast range of industry sectors utilize up to 99.5% of anisole to produce various products such as colorants, active pharmaceutical ingredients (APIs), agrochemicals, flavor and fragrance chemicals, antioxidants, polymerization inhibitors, and colorants. Its extensive industrial utility is enhanced because it is a solvent in various chemical processes.
The Insect Pheromones segment is experiencing a CAGR of 6.1% during (2023 - 2030). Anisole is often utilized as a key component in synthesizing insect pheromones. Its chemical structure and reactivity make it suitable for creating specific pheromone compounds that mimic those naturally produced by insects. Insect pheromones are widely used in integrated pest management (IPM) strategies for crops. They are employed to monitor, trap, and control pest populations in an environmentally friendly and targeted manner. The demand for insect pheromones in agriculture directly influences the demand for anisole as a precursor in their synthesis.
Full Report: https://www.kbvresearch.com/anisole-market/
The Europe region dominated the Global Anisole Market by Region in 2022 thereby, achieving a market value of $48.8 Million by 2030, growing at a CAGR of 4.6 % during the forecast period. The North America region is experiencing a CAGR of 5% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 6.2% during (2023 - 2030).
By Grade (Volume, Tonnes, USD Millions, 2019-2030)
By Application (Volume, Tonnes, USD Millions, 2019-2030)
By Geography (Volume, Tonnes, USD Millions, 2019-2030)