Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Styrallyl Acetate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
Styrallyl acetate, a clear and colorless liquid with the chemical formula C10H12O2, is making its mark in the global market. Found naturally in cloves and garden flowers, this versatile substance has unique properties, including solubility in oils, kerosene, and dipropylene glycol, while remaining insoluble in water and glycerin.
Known by alternate names such as methyl phenyl carbinyl acetate, gardenol, and alpha-methylbenzyl acetate, styrallyl acetate boasts a distinctive gardenia-like fragrance, making it a sought-after ingredient in the perfumery industry.
The substance is not classified as dangerous, making it safe for various applications. Styrallyl acetate has gained FDA approval for human consumption, allowing it to find its way into food and beverage products. The market for styrallyl acetate is still in its early stages, with ongoing research and development efforts aimed at exploring new commercial applications and creating innovative products.
Styrallyl Acetate Market Dynamics
Drivers:
- Growing Food & Beverage Industry: The global food & beverage market has witnessed robust growth, driven by technological advancements such as blockchain, online ordering convenience, and evolving consumer preferences for innovative and nutritious food products. This growth has led to an increased demand for ingredients like styrallyl acetate, which can enhance the aroma and flavor of food and beverage products.
- Consumer Shift Towards Natural Products: As consumers increasingly favor organic and natural products, styrallyl acetate's natural sources and fragrant qualities make it an attractive choice for manufacturers looking to meet this demand.
- Versatility and Regulatory Compliance: Manufacturers are seeking products that cater to multiple applications and adhere to regulatory guidelines from authorities like WHO, FDA, and USDA. Styrallyl acetate's applicability in food products, as well as perfumery items like shower gel, bar soap, and candle wax, positions it as a versatile and compliant ingredient.
Restraints:
- Limited Pharmaceutical Applications: Styrallyl acetate primarily serves as a fragrance ingredient, and its applications in the pharmaceutical field are limited. With rising demand for products offering medical benefits, the preference for naturally occurring chemicals with both fragrance and medicinal properties could impact the styrallyl acetate market in the long run.
- Competition from Synthetic Chemicals: The growing demand for synthetic chemicals that meet regulatory requirements may lead to decreased demand for styrallyl acetate in the future.
Regional Outlook
- South and East Asia: These regions are expected to experience significant growth in the styrallyl acetate market due to abundant raw materials and a growing food & beverage industry.
- North America and Europe: Key players are concentrated in these regions, and the increasing demand for natural products in countries like Germany, the U.K, the U.S., Italy, and France is expected to drive market growth.
- Latin America and MEA: These regions are projected to show steady growth as styrallyl acetate market players are still maturing in these markets.
Key Participants
Market players in the styrallyl acetate industry are focusing on expanding their production and distribution channels to improve customer accessibility.
Notable players in the styrallyl acetate market include Eternis, Vigon International, Riverside Aromatics, Ernesto Ventos, S.A., Triveni Chemicals, Tianjin Honesty, Moellhausen S.p.A., and others.
Styrallyl Acetate Market: Segmentation
Purity
- >99%
- Above 99%
Application
- Perfumery
- Flavor and Fragrance
- Food & Beverage
End Use
- Industrial
- Laboratory
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