Analysis of Coumarin Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~8% During 2024-2036 and Attain ~USD 0.556 Billion by 2036
Research Nester assesses the growth and market size of global coumarin market which is anticipated to be on account of the growing cases of chronic diseases and growing usage of rubber products
New York – November 06, 2023- Research Nester’s recent market research analysis on “coumarin Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global Coumarin market in terms of market segmentation by type, application, and by region.
Growing Usage in Soaps to Promote Global Market Share of Coumarin
The global coumarin market is estimated to grow majorly on account of the increasing application in soaps. Coumarin is a naturally occurring and synthesized smell component that is widely used as a flavoring in soaps with concentrations ranging from over 0.01%.
The global coumarin market is estimated to grow majorly on account of the increasing usage in electroplating and coating. Electroplating, sometimes referred to as electrodeposition or electrochemical deposition, is essentially the hydrolysis-based plating of one metal onto another. Moreover, in the electroplating industry, coumarin is frequently used, to give chrome-plated steel a highly polished appearance.
Some of the major growth factors and challenges that are associated with the growth of the global coumarin market are:
Growth Drivers:
• Surge in Cases of Respiratory Disorders Globally
• Rising Consumption of Alcohol
Challenges:
The side effects associated with the exposure of Coumarin, and the stringent regulations are some of the major factors anticipated to hamper the global market size of coumarin. Hair loss, headaches, stomach pain, blood in the stools and urine, and potential blood thinning effects are the potential side effects of coumarin which is a chemical compound that is found in certain plants.
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By application, the global coumarin market is segmented into perfumery and fragrances, medicine, detergents, and electroplating and Coating. The perfumery and fragrances segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The demand for more expensive eau de fragrances is predicted to rise as a result of changing lifestyles and greater disposable income, particularly as the younger generation—chooses more expensive smells. These elements may increase the need for coumarin in the upcoming years as it is derived from the tonka bean and is a popular component of perfume formulas that foster the fragrances of herbs such as oakmoss, lavender, rosemary, and citrus oils, as well as scents of newly cut hay, vanilla, and almonds.
By region, the Asia Pacific coumarin market is to generate the highest revenue by the end of 2036. This growth is anticipated by rising prevalence of cardiovascular diseases in the region. Over the past 26 years, there has been over 32% increase in heart disease fatalities in India owing to increasing smoking, obesity, diabetes mellitus, and hypertension. Moreover, India accounts for over 55% of the global burden of heart disease which accounts for the majority of deaths and disabilities. These factors are expected to fuel the demand for coumarin in the region as they have been demonstrated to have positive effects on the cardiovascular system.
Besides this, India's food and beverage sector is growing increasingly that accounts for about two-thirds of the country's retail market and contributes over 2% of the country's GDP and it is predicted that this industry will grow to more than USD 85 billion by 2029 owing to factors like urbanization, changing consumer habits, and increased disposable incomes. All of these factors are expected to create a huge demand for coumarin in the region.
Furthermore, rising consumption of alcohol and tobacco in the region is expected to drive market growth. Teenagers in India are consuming alcohol and tobacco at significantly higher rates which is the main risk factor for early death and disability in people. As a result, the demand for coumarin is expected to rise significantly in the region as wine and various spirits are matured in oak barrels, from which coumarin compounds are released, which could add to the bitterness of alcoholic beverages. Moreover, coumarin has a vanilla-like flavor and has long been used as a flavor fixative in food and tobacco products.
It was projected that India's alcohol consumption would increase by over 6 billion liters in 2024.


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This report also provides the existing competitive scenario of some of the key players of the global coumarin market which includes company profiling of Omkar Speciality Chemicals, N.S.Chemicals, Yingyang Flavors & Fragrance, Anhui jinpeng Flavours & Fragrances, China Tuhsu, Changzhou XinTongLi Chemicals, Wuhan Sincere-star Chemical, Saichuang Technology, Botai (Tianjin) Fine Chemical., and others.
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