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World Air Freshener Market - Asia-Pacific is Expected to Lead the Global Market!
Air fresheners contain different ingredients such as aerosol propellants, fragrances and solvents such as 2-butoxyethanol, mineral oil and glycol ethers, which neutralize unpleasant odor.
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Growing importance of air care and increasing concerns over indoor air quality have generated a high demand for air fresheners worldwide. The demand is further fuelled by the rapidly increasing car sales and rise in pet ownership, worldwide. Consumers’ willingness to use premium air fresheners is also boosting the growth of the market. All these factors coupled with increasing disposable income and improving life style of consumers are driving the market growth. Air fresheners with natural fragrances are gaining popularity among the consumers. However, the lack of awareness about availability of different types of products in the market is restraining the market growth. Increasing preference for the use of natural fragrance and growing popularity of aromatherapy, offer several market opportunities to the players operating in the market.Air Freshener market is segmented on the basis of product type, application, sales channel and geography. Product type segment covers sprays/aerosols, electric air fresheners, gel, candle, and other air fresheners. The application segment includes residential, corporate offices, cars and others. On the basis of sales channel, the market is classified into retail and business-to-business channel. Based on geography, the market is segmented into North America, Europe, Asia Pacific and LAMEA.The market is expected to grow at a CAGR of 2.8% during the forecast period 2015 - 2020. Sprays/aerosol segment held the largest market share in 2014, followed by electric air fresheners. In 2014, world air freshener market was dominated by Europe; however, Asia-Pacific is expected to register fastest growth during the forecast period.The key players operating in the market, include Procter & Gamble Co., Reckitt Benckiser Inc., Henkel KGaA, Church & Dwight Co. Inc., Car-Freshener Corporation, SC Johnson & Son Inc., Kobayashi Pharmaceutical Co. Ltd., Godrej Household Products Ltd., Farcent Enterprise Co. Ltd. and Jarden Corporation. These players are concentrating on development of organic air fresheners.Key BenefitsThe study provides an in-depth analysis of the world air freshener market with current and future trends to elucidate the imminent investment pockets in the marketCurrent and future trends have been outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the marketThe report provides information regarding key drivers, restraints and opportunities with impact analysisQuantitative analysis of the current market and forecast during the period of 2015?2020 have been provided to highlight the financial appetency of the marketPorter’s five forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the marketValue chain analysis in the report provides a clear understanding on the roles of stakeholders involved in the value chainAIR FRESHENER MARKET SEGMENT AND SCOPEThe world air freshener market is segmented on the basis of product type, application, sales channel and geography.By Product typeSprays/AerosolsElectric Air Fresheners (Plug-In)Gel Air FreshenersCandle Air FreshenersOther Fresheners (Liquid, solid, pot pourri, papers, vents, clips and crystal beads)By ApplicationResidentialCorporate officesCarsOthers (Hotels, Malls, hospitals, railways, public bathrooms, theaters, government buildings & Institutions)By Sales ChannelRetailBusiness to BusinessBy GeographyNorth AmericaEuropeAPACLAMEAKey PlayersProcter & Gamble Co.Reckitt Benckiser Inc.Henkel KGaAChurch & Dwight Co. Inc.Car-Freshener CorporationSC Johnson & Son Inc.Kobayashi Pharmaceutical Co. Ltd.Godrej Household Products Ltd.Farcent Enterprise Co. LtdJarden Corporation
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News Release: World Air Freshener Market - Asia-Pacific is Expected to Lead the Global Market!
Submitted on: December 26, 2016 05:18:47 AM
Submitted by: hemanth
On behalf of: www.marketintelreports.com