Home / All Categories / Chemicals & Materials / Other / Global Lyral (CAS 31906-04-4) Market Report 2018-2029
Global Lyral (CAS 31906-04-4) Market Report 2018-2029
Global Lyral (CAS 31906-04-4) Market Report 2018-2029

Pages: 134       Published Date: Jul 04 2023       Category: Other       Report ID: HJR868925
The Lyral (CAS 31906-04-4) industry has been witnessing significant growth in recent years, driven by the growing demand for this compound in various applications. Lyral is a fragrance ingredient known for its unique scent and is widely used in the production of Cosmetic Essence, Soap Compound, and Parfum.

In 2022, the global market size of Lyral (CAS 31906-04-4) is projected to reach US$1535.5 million, with a compound annual growth rate (CAGR) of 7.11%. This indicates a positive trend in the industry and highlights the rising popularity and usage of Lyral across different sectors.

The Cosmetic Essence sector is one of the leading applications for Lyral. The compound's pleasant scent makes it a preferred choice for incorporating fragrances into cosmetic products. Lyral adds a distinct fragrance to perfumes, lotions, creams, and other cosmetic items, enhancing their appeal and overall customer experience.

Another prominent application of Lyral is in Soap Compound formulations. The compound's fragrance not only masks unpleasant odors but also provides a refreshing and invigorating scent to soaps. This makes Lyral an essential ingredient in the production of scented soaps, which are highly favored by consumers.

The Parfum industry also relies heavily on Lyral as a key perfume ingredient. The compound's pleasant floral fragrance is often used as a base note in perfumes, blends, and fragrances. The demand for high-quality perfumes continues to grow, driven by factors such as changing consumer preferences and rising disposable incomes, further boosting the demand for Lyral.

Several major global manufacturers dominate the Lyral (CAS 31906-04-4) industry. These include run-biotech, Capot Chemical, Parchem, Oxchem Corporation, Hangzhou Dayangchem, Musks & Fragrance, Goly Chemical, Shenzhen Simeiquan Biotechnology, Triveni Chemicals, Hangzhou J&H Chemical, and Hubei XinRunde Chemical.

These manufacturers play a crucial role in meeting the growing demand for Lyral, catering to a diverse range of industries globally. They utilize advanced production technologies and take necessary measures to maintain the quality and consistency of Lyral supplies.

Overall, the Lyral (CAS 31906-04-4) industry holds promising prospects for the future, driven by the increasing demand for fragrance ingredients in cosmetic, soap, and perfume production. With a projected market size of US$1535.5 million in 2022 and a CAGR of 7.11%, the industry is expected to witness sustained growth and continue to be a significant player in the global fragrance market.

The SWOT analysis of the Lyral (CAS 31906-04-4) industry is as follows:

Strengths:
1. High demand: Lyral is a popular fragrance ingredient used in a wide range of personal care and cosmetic products, such as perfumes, lotions, and soaps. The strong demand for these products contributes to the growth of the Lyral industry.
2. Unique scent profile: Lyral possesses a unique and pleasant scent, reminiscent of lilies and lemon. This versatility allows it to be used in various fragrance compositions, making it an attractive choice for perfumers and fragrance manufacturers.
3. Stable production: Lyral is commercially produced through chemical synthesis, ensuring a stable and consistent supply to the industry. This stability in production helps meet the demand of consumers and ensure a reliable supply chain for manufacturers.

Weaknesses:
1. Sensitization potential: Lyral has been reported to cause skin sensitization in certain individuals, leading to allergic reactions and dermatitis. This aspect poses challenges for manufacturers, as they need to carefully assess the concentration and usage of Lyral in their products to minimize the risk of adverse reactions.
2. Regulatory restrictions: Due to its sensitization potential, Lyral usage is regulated in some countries. For instance, the European Union has restricted its concentration in cosmetic products. These regulations can limit the potential market and usage of Lyral, affecting the industry's growth prospects.

Opportunities:
1. Research and development: There is an opportunity for further research and development to create alternatives or less sensitizing versions of Lyral. This could help address regulatory concerns and provide safer options for manufacturers in the industry, opening up new market opportunities.
2. Growing demand for natural fragrances: With the increasing preference for natural and organic products, there is a growing demand for natural fragrance ingredients. Lyral, being a synthetic compound, may face competition from natural alternatives. However, there are opportunities to develop natural fragrance molecules that mimic Lyral's scent profile.

Threats:
1. Environmental concerns: The production and disposal of Lyral may raise environmental concerns, particularly in terms of waste generation and potential impact on ecosystems. Increased scrutiny on environmental sustainability may lead to stricter regulations or consumer preference for more environmentally friendly alternatives, posing a threat to the Lyral industry.
2. Changing consumer preferences: Consumer preferences for fragrances can change rapidly, and the Lyral industry may face the risk of declining demand if consumers shift towards other fragrance ingredients or product categories. Keeping up with evolving trends and staying innovative will be crucial to staying competitive in the market.

Key players in global Lyral (CAS 31906-04-4) market include:
run-biotech
Capot Chemical
Parchem
Oxchem Corporation
Hangzhou Dayangchem
Musks & Fragrance
Goly Chemical
Shenzhen Simeiquan Biotechnology
Triveni Chemicals
Hangzhou J&H Chemical
Hubei XinRunde Chemical

Market segmentation, by product types:
Purity 95%
Purity 98%
Purity 99%
Other

Market segmentation, by applications:
Cosmetic Essence
Soap Compound
Parfum

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