The coniferyl alcohol global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Coniferyl Alcohol Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
coniferyl alcohol market size has grown strongly in recent years. It
will grow from $1.16 billion in 2023 to $1.24 billion in 2024 at a
compound annual growth rate (CAGR) of 7.1%. The growth in the historic
period can be attributed to the adoption of lignin-based additives in
adhesives and coatings, growing interest in lignin as a precursor for
carbon materials, increased demand for sustainable and eco-friendly
products, investment in lignin valorization projects.
The coniferyl alcohol market size is expected to see strong growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the adoption of lignin-based products in various industries, growing interest in lignin valorization and biorefineries, government policies promoting the use of bio-based materials, and integration of lignin-derived products in the textile and paper industries. Major trends in the forecast period include research advancements in lignin-derived compounds, innovation in lignin depolymerization technologies, development of novel applications for lignin-based chemicals, technological developments in lignin extraction processes, investment in research and development for lignin-derived chemicals.
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Scope Of Coniferyl Alcohol Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Coniferyl Alcohol Market Overview
Market Drivers -
The
consumers increasingly prioritize health and wellness, which is
expected to propel the growth of the coniferyl alcohol market going
forward. Consumers increasingly prioritize health and fitness,
emphasizing overall well-being and adopting lifestyle choices that
promote vitality and optimal quality of life. Consumers increasingly
prioritize health and wellness due to various factors, including a
heightened awareness of preventive healthcare, the desire for natural
and organic products, and the influence of digital health technologies.
Coniferyl alcohol has various potential natural health benefits, such as
promoting antioxidant-rich diets and contributing to overall wellness
and vitality. For instance, in May 2022, according to a survey of 1,005
Americans ages 18 to 80 by the International Food Information Council, a
US-based nonprofit education and consumer research organization, a
notable surge in dietary consciousness was observed among Americans,
with 52% reporting adherence to a specific diet or eating pattern in
2022. This marked a substantial rise compared to the preceding years,
which recorded figures of 39% in 2021 and 43% in 2020. Therefore,
consumers increasingly prioritize health and wellness, which is driving
the growth of the coniferyl alcohol market.
Market Trends -
Major
companies operating in the coniferyl alcohol market are focused on
forming strategic partnerships for new developments to enhance their
product offerings and market reach. Strategic partnerships are formal
agreements between two or more organizations to collaborate on specific
business objectives while maintaining their independence. For instance,
in September 2022, Qmx Laboratories, a UK-based supplier of specialist
chemical and laboratory equipment, partnered with Toronto Research
Chemicals Inc., a Canada-based manufacturer of complex organic
chemicals, including Dehydrodiconiferyl alcohol, to launch a wide range
of products, including biochemicals, fluorescent reagents, pesticides,
pharmaceuticals, vitamins, and stable isotopes. They will also supply
therapeutic and research targets for cancer research, including products
in cancer immunology, growth factors, ligands, and labeled isotopes.
The coniferyl alcohol market covered in this report is segmented –
1) By Biosynthesis: Eugenol, Stilbenoids, Coumarin
2) By Application: Fragrance And Flavor, Polymer Materials, Other Applications
3) By End User: Food And Beverage, Cosmetics, Personal Care, Pharmaceuticals, Other End Users
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Regional Insights -
Asia-Pacific
was the largest region in the coniferyl alcohol market in 2023. The
regions covered in the coniferyl alcohol market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle
East, Africa.
Key Companies -
Major companies operating in the
coniferyl alcohol market are Thermo Fisher Scientific Inc., Merck &
Co. Inc., FUJIFILM Corporation, Avantor, Lenzing AG, SRI International,
Cayman Chemical Company, Biosynth AG, Santa Cruz Biotechnology Inc.,
LEAP CHEM CO. LTD., Manchester Organics Ltd., TargetMol Chemicals Inc.,
Finetech Industry Limited, Lifeasible, DC Chemicals, Biorbyt Ltd, The
Good Scents Company , Aladdin Scientific, Shanghai Acmec Biochemical
Technology Co. Ltd., Molcore
Table of Contents
1. Executive Summary
2. Coniferyl Alcohol Market Report Structure
3. Coniferyl Alcohol Market Trends And Strategies
4. Coniferyl Alcohol Market – Macro Economic Scenario
5. Coniferyl Alcohol Market Size And Growth
…..
27. Coniferyl Alcohol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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