Jasmal Market 2016 Share, Trend, Segmentation and Forecast to 2024 Jasmal Market - Global Industry Analysis, Size, Sh

Jasmal Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 -
2024
Jasmal is the trade name given to chemicals with chemical formula C14H18O. These
chemicals are used in the production of perfumes. Physical appearance of jasmal is
mostly colorless to pale yellow clear liquid with long shelf life. It is stored in cool and
dry place in tightly sealed containers protected from heat and light. Jasmal has a
typical odor of herbal oily green jasmine. Thus, it is commercially useful for the
manufacture of jasmine perfumes. Perfumes can be described as the complex
mixture of synthetic/natural substances and solvents in order to provide pleasant
odor to humans, objects, living space, and food, among others. Jasmal is mixed with
solvents or fixatives for the production of perfumes; the most commonly used
solvents are alcohols. Other types of solvents include coconut oil, jojoba oil, and
liquid waxes.
The market for jasmal is compact; it accounts for small share of the global fragrance
market owing to the presence of various economical and efficient substitutes.
However, the jasmal market is anticipated to expand during the forecast period due
to the ever-increasing demand for jasmine perfumes among women across the
globe. Rise in population and ascending demand for personal care products are the
key factors propelling the jasmal market. Increasing in consumer income is
expected to be another factor driving the demand for jasmine perfumes. Fragrances
are considered to have positive effects on people. For instance, they are known to
alleviate stress levels among consumers. This is also anticipated to propel the
demand for perfumes, thereby boosting the jasmal market.
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Usage of certain personal care products such as perfumes can potentially cause skin
problems such as allergies. It can even cause skin cancer. This is one of the factors
that can hamper market growth. Implementation of stringent government
regulations on the usage of certain chemicals can also adversely affect the jasmal
market. REACH is an example of such regulatory boards that govern in Europe,
REACH is an abbreviation which stands for registration, evaluation, authorization
and restriction of chemicals which is legislated in the European Union.
In terms of geography, Europe accounted for major share of the jasmal market in
2015. Its share is anticipated to expand at a significant pace owing to the strong