Global Coniferyl Alcohol Market Size to Worth USD 2.361 Billion by 2033 | CAGR of 7.42%
Category: Chemicals & MaterialsGlobal Coniferyl Alcohol Market Size to Worth USD 2.361 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Coniferyl Alcohol Market Size is expected to Grow from USD 1.154 Billion in 2023 to USD 2.361 Billion by 2033, at a CAGR of 7.42% during the forecast period 2023-2033.
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Browse key industry insights spread across 225 pages with 110 Market data tables and figures & charts from the report on the “Global Coniferyl Alcohol Market Size, Share, and COVID-19 Impact Analysis, By Biosynthesis (Stilbenoids, Eugenol, and Coumarin), By Application (Polymer Materials, Fragrance and Flavor, and Others), By End-User (Pharmaceuticals, Cosmetics, Food and Beverages, Personal Care, and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/coniferyl-alcohol-market
The coniferyl alcohol market involves the synthesis and commercialization of coniferyl alcohol, an organic compound used in the pharmaceuticals, cosmetics, food, and beverages industries. Coniferyl alcohol, a monolignol obtained from P. trichocarpa, is a potent antioxidant and precursor of various bioactive products. It is synthesized on a large scale from commercially available ferulic acid using a mixed anhydride reduction method. Coniferyl alcohol is also used in the production of pulp and paper products. As economies develop, the demand for these products is expected to increase, further driving the demand for coniferyl alcohol. Researchers from the University of British Columbia have developed a new method for producing coniferyl alcohol from lignin, a renewable and abundant raw material. The growing emphasis on health and wellness among consumers is predicted to drive the expansion of the coniferyl alcohol market. Innovations in lignin depolymerization and extraction processes are expanding the applications of lignin-derived chemicals. Increased investment in R&D for lignin-derived chemicals is driving new applications and market opportunities. However, the high cost of the raw materials may impede the market growth.
The eugenol segment held a substantial in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the biosynthesis, the global coniferyl alcohol market is categorized as stilbenoids, eugenol, and coumarin. Among these, the eugenol segment held a substantial in 2023 and is predicted to grow at a significant CAGR during the predicted period. Eugenol, a natural compound found in cloves, is used in flavoring agents, fragrances, and traditional medicine for its anti-inflammatory and analgesic properties, making it popular in dental treatments and aromatherapy for stress management and relaxation.
The polymer material segment accounted for a substantial share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the application, the global coniferyl alcohol market is categorized as polymer materials, fragrance and flavor, and others. Among these, the polymer material segment accounted for a substantial share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. Enzymatic polymerization processes are transforming the production of sustainable and eco-friendly polymer materials, including biodegradable polymers like lignin. This natural polymer, found in plant cell walls, is being explored for its structural integrity and rigidity, which are crucial for healthcare and energy applications.
The pharmaceuticals segment accounted for a remarkable share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the end-user, the global coniferyl alcohol market is categorized as pharmaceuticals, cosmetics, food and beverages, personal care, and others. Among these, the pharmaceuticals segment accounted for a remarkable share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. Sustainable polymer materials, especially in enzymatic polymerization processes, contribute to the structural integrity and rigidity of lignin, a natural polymer found in plant cell walls. Coniferyl alcohol's antioxidant and anti-inflammatory properties make it promising for skin care and dermatological treatments.
Asia Pacific is expected to hold the greatest share of the global coniferyl alcohol market over the forecast period.
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Asia Pacific is expected to hold the greatest share of the global coniferyl alcohol market over the forecast period. Its usage in food and drink, cosmetics, and pharmaceuticals is responsible for this. Eco-friendly and sustainable products are in high demand throughout the region, with China, India, and Japan dominating the market. Production is more economical and efficient thanks to advancements in lignin extraction and value-adding technology. Consumer preferences for wellness and health are in line with the increased emphasis on natural and organic products.
North America is predicted to grow at the fastest CAGR rate throughout the estimated period. The market for coniferyl alcohol in North America is expanding because of its sustainable and environmentally favorable qualities, which make it a popular option for the manufacturing of renewable products. Coniferyl alcohol is being used in sectors including packaging and personal care because of the growing need for environmentally friendly and biodegradable materials.
Major key players in the global coniferyl alcohol market are Molcore, Lenzing AG, Manchester Organics Ltd., Cayman Chemical Company, FujiFilm Corporation, Santa Cruz Biotechnology Inc., FinTech Industry Limited, Biosynth AG, Shanghai Acmec Biochemical Technology Co. Ltd., Aladdin Scientific, Biorbyt Ltd., LEAP CHEM CO. LTD., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In February 2020, Researchers from Brazil and the UK developed a simplified biotechnological route to convert sugarcane bagasse and wheat straw into fine chemicals for food, cosmetics, and pharmaceutical industries. The technology is now seeking commercial partners. Coniferol, a valuable compound with a gram costing €300, is used to synthesize other chemicals like pinoresinol and sesamin. It also has potential for use in perfume and cosmetics fragrances.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global coniferyl alcohol market based on the below-mentioned segments:
Global Coniferyl Alcohol Market, By Biosynthesis
- Stilbenoids
- Eugenol
- Coumarin
Global Coniferyl Alcohol Market, By Application
- Polymer Materials
- Fragrance and Flavor
- Others
Global Coniferyl Alcohol Market, By End-User
- Pharmaceuticals
- Cosmetics
- Food and Beverages
- Personal Care
- Others
Global Coniferyl Alcohol Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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