According to our (Global Info Research) latest study, the global Styrax market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period.
Styrax is a natural resin obtained from the bark of certain trees belonging to the Styracaceae family. It has been used for centuries in various cultures for medicinal, aromatic, and incense purposes. There are several species of trees that produce styrax resin, but two of the most notable ones are Liquidambar orientalis (also known as Oriental sweetgum) and Liquidambar styraciflua (commonly known as American sweetgum).
When the bark of these trees is damaged or wounded, it exudes a fragrant resin, which hardens upon exposure to air. This hardened resin is then collected and used for various applications.
Styrax resin has a distinctive sweet, balsamic, and slightly spicy aroma. It is commonly used in perfumery as a base note to add warmth and depth to fragrances. Styrax is also utilized in incense and as a fixative in various cosmetic and fragrance formulations.
In traditional medicine, styrax resin has been used for its supposed healing properties, including as an antiseptic and expectorant. However, its medicinal use has decreased over time due to the availability of more effective modern medicines.
Styrax is an important ingredient in the world of fragrance and perfumery, contributing to the creation of rich and complex scents.
The Global Info Research report includes an overview of the development of the Styrax industry chain, the market status of Perfumes (Styrax Gum, Styrax Essence), Aromatherapy (Styrax Gum, Styrax Essence), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Styrax.
Regionally, the report analyzes the Styrax markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Styrax market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Styrax market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Styrax industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Tons), revenue generated, and market share of different by Type (e.g., Styrax Gum, Styrax Essence).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Styrax market.
Regional Analysis: The report involves examining the Styrax market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Styrax market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Styrax:
Company Analysis: Report covers individual Styrax manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Styrax This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Perfumes, Aromatherapy).
Technology Analysis: Report covers specific technologies relevant to Styrax. It assesses the current state, advancements, and potential future developments in Styrax areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Styrax market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Styrax market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Styrax Gum
Styrax Essence
Market segment by Application
Perfumes
Aromatherapy
Cosmetic
Others
Major players covered
Biolandes
Willy Benecke
Albert Vieille
Nelixia
IFF (International Flavors & Fragrances)
The Good Scents Company
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Styrax product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Styrax, with price, sales, revenue and global market share of Styrax from 2018 to 2023.
Chapter 3, the Styrax competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Styrax breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Styrax market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Styrax.
Chapter 14 and 15, to describe Styrax sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Styrax. Industry analysis & Market Report on Styrax is a syndicated market report, published as Global Styrax Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Styrax market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.