Global Anisole Market Outlook

global anisole market outlook in 2018 and beyond is largely dependant on various factors such as the production of para-xylene, the derivatives of it, its application areas and also the cost & availability of other intermediates. para-xylene, a colourless liquid hydrocarbon and a mesitylene isomer, forms the key building blocks for plastic bottles, polyester fibre, plastic containers, and a wide range of other products. the global demand for para-xylene has been on the rise due to increasing demand for plastic products from various end-use industries. one of the major intermediates for the production of px is ethylbenzene (eb) which is produced in the fractional distillation process. anisole, a colorless liquid hydrocarbon and a methyl ether of phenol, is predominantly produced from eb and acts as an intermediate in the production of variety of plastics. additionally, owing to their increasing use in different areas such as the electronics industry, electrical fluids, primers, adhesives, polymer synthesis and rubber chemicals, anisole market is likely to remain strong in the upcoming years. in the near future, though the demand for anisole will remain largely dependent on the production of other plastic intermediates, the rise of alternative sources of feedstock such as ethylene glycol, methyl acrylate, ethylhexanol, and propylene, for the production of eb is likely to supplement the demand of anisole. moreover, with the rising awareness for environment conservation, anisole market is anticipated to receive a significant boost from various environmental-friendly intermediates such as bio-based chemicals, which are expected to gain popularity in the near future. nevertheless, owing to the volatile pricing of raw materials, primarily eb, uncertain regulatory guidelines, supply scarcity and pressure mounted on the manufacturers to upgrade their production technologies, can be a hindrance to its market growth in the future. nevertheless, technological advancements in the petroleum industry and increasing focus on maximizing efficiency and cost optimization is likely to provide impetus to the global anisole market. overall, its anticipated, that the global anisole market will observe strong positive growth in the mid to long-term outlook, driven by rising demand from the various plastic industries, consumer electronics and a strong focus on the environment.