Benelux Anisole Market Outlook

benelux anisole market outlook can be explained as the analysis on the current and forecasted market trends across the benelux region over the period of 2018-2032. the benelux region includes the three countries of belgium, netherlands and luxembourg, offering immense opportunities for the manufacturers of anisole. anisole is an organic compound having a chemical formula of c6h5och3. it is a colorless liquid with a characteristic aroma and is mildly toxic in nature. anisole is mainly used as a precursor in the synthesis of organic compounds, such as aspirin. it is also used as a plasticizer and is a component in perfumes, odours and essential oils. further, anisole is utilized in the production of industrial chemicals, pharmaceuticals and solvents. the demand for anisole in the benelux region is driven mainly by the demand from the pharmaceutical industry. anisole is used as a raw material for producing a variety of medicines in the region, along with in fragrances and flavours, which further boosts its demand. further, anisole is widely used in various laboratory processes due to its properties. moreover, its low price and availability of substitutes boost its demand further. for instance, btx (benzene, toluene and xylene) serves as a strong substitute for anisole in the benelux region. netherlands is the key contributor towards the anisole market in benelux and has been the largest importer of anisole, majorly from countries such as india. however, the demand for anisole is projected to reduce with the increased popularity of synthetic fragrances and flavours. moreover, stringent regulations towards the usage and import of anisole will further hinder its growth in the benelux region. the benelux anisole market is expected to witness moderate growth over the forecast period, 2018-2032. the players in the market are concentrating more on increasing their production facilities, in order to focus on the growing demand from pharmaceutical and fragrance & flavour industries. further, the introduction of technologically advanced anisole with improved features is expected to further support the growth in demand for anisole in the benelux market.