Aroma Chemicals Market

May 5, 2023 ⚊ 1 Min read ⚊ Views 39 ⚊ BUSINESS

Terpenes and terpenoids chemicals dominated the market for aroma chemicals by composition, accounting for 38.4% of total revenue in 2021. Its significant market share is due to both its abundant natural supply and the expanding usage of terpene resin in chewing gum, paints and printing inks, pressure-sensitive tapes, and rubber adhesives. Terpenes are employed in a range of end-use applications as flavoring and fragrance components. The food and beverage industry, as well as the rubber industry, dominate terpene utilization. However, a few locations’ limited terpene supply and high extraction costs are anticipated to stunt market expansion.

Read details: https://www.maximizemarketresearch.com/market-report/global-aroma-chemicals-market/23657/

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