Infinium Global Research Air Freshener Market | Page 8

Air Freshener Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023 Executive Summary Global Air Freshener Market Highlights, (USD Million) The global air freshener market is expected to grow at a CAGR of 3.5% between 2017 and 2023 in terms of value. Rapidly increasing consumer’s preference towards aromatherapy and growing disposable income are the factors driving the growth of air fresheners market worldwide. In addition, rising inclination towards good quality, healthy and innovative product applications are expected to fuel the market growth over the forecast period. On the other side, some chemical components used in the air fresheners may cause the allergic effect which can have a negative impact on the market growth. Also, the high cost of operation may restrain the market growth of air fresheners. Moreover, advancement in the products and fragrance with the healthy and environment-friendly components are projected to create several opportunities in upcoming years. Among the application, cars dominated the air fresheners market. This segment provides enormous demand due to air in cars gets polluted due to the emission of pollutants which increases the demand for good quality air freshener for the car. In automotive industry sales of cars has increased and the air fresheners are being an important product in the car aftermarket which leading towards the growth of air freshener market. Global Air Freshener Market Projection 2015 2016 2017 2018 2019 2020 2021 2022 2023 Value © Infinium Global Research Page 8