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Los Angeles, CA -- (SBWIRE) -- 05/16/2019 -- Musk is a class of aromatic substances commonly used as base notes in perfumery. They include glandular secretions from animals such as the musk deer, numerous plants emitting similar fragrances, and artificial substances with similar odors. Musk was a name originally given to a substance with a penetrating odor obtained from a gland of the male musk deer. The substance has been used as a popular perfume fixative since ancient times and is one of the more expensive animal products in the world.
In 2015, the global synthetic musk market was led by China. Europe was the second-largest region-wise market. At present, the major manufacturers of synthetic musk are concentrated in China and Europe. Yingyang is the world leader, holding 34.46% production market share in 2015. Firmenich and Symrise are also synthetic musk market leader in Europe.
Musk downstream is wide and recently Musk has acquired increasing significance in various fields of household chemicals, pharmacology and others. Globally, the musk market is mainly driven by growing demand for household chemicals.
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According to our research and analysis, synthetic musk manufacturers from China and EU are the major leaders in the international market of musk. Manufacturers from China are immature in technology. There is large space in the global market, as well as big gap between international brands and china brands on price. In the future, green synthetic musk will be the mainstream market. Currently, the European manufacturers are trying to improve their technology. In sum, artificial musk and synthetic musk production is still too small for the whole market.
The global Musk market was 160 million US$ in 2018 and is expected to 170 million US$ by the end of 2025, growing at a CAGR of 0.8% between 2019 and 2025.
This report studies the Musk market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Musk in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
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