Air Fresheners Market Brief Overview by Research Cosmos

Air Fresheners Market Analysis Size, Growth rate and Overview:

Air Fresheners Market size was expected to reach at USD 11.86 Billion by the end of 2024 from USD 9.6 Billion in 2017 and with a CAGR of 3.4% during the forecast period 2018-2024

Air fresheners are products that are used to release fragrances and eliminate foul odors or smells from the environment. These products are only applicable for use in indoor environments such as homes, offices, hotel rooms, cars and others. In recent years, this functional product has become a decorative product. Air fresheners comprise chemical agents such as artificial or original essence, aerosol propellants, solvents such as mineral oil, 2-butoxyethanol and other glycol ethers, which help in neutralizing odors and freshens the air.

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Air Fresheners Market Key Drivers, Challenges, and Opportunities:

The market for air fresheners is expected to grow significantly as it should maintain a pleasant environment in offices, homes and vehicles. The global market has grown in recent years due to changing consumer trends and perceptions. It is expected that the growing consumer demand for various fragrance products, including aerosols, supplements, beads, gels and candles, will be the main driver of market growth. In addition, the increasing preference of consumers for aromatherapy should also be a key factor in the market during the forecast period. With the emerging innovations, it is expected that the increase in the acceptance of luxury goods and the increase in disposable income will result in market growth over the next six years. The growing demand in Asia-Pacific and Latin America is expected to boost growth in the air freshener market.

The economic slowdown in the main developed countries has had a great impact on the growth of the market in the last five years. However, the development of new products and economic recovery should play a key role in promoting market development over the next six years.

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Air Fresheners Market – Regional Presence:

Europe was the largest regional market for air fresheners due to its higher standard of living and high disposable income. The Asia-Pacific region is expected to experience strong demand due to improved lifestyles and demographic factors, as well as an increase in population and purchasing power in countries such as China, Malaysia and India.

Some of the Key Players Profiled in this Air Fresheners Market Report are:

California Scents, Church & Dwight Co. Inc., Car Freshener Corporation, Ada Electrotech (Xiamen) Co. Ltd., Procter & Gamble, Godrej Household Products Ltd., Reckitt Benckiser Group Plc. air. Air Delights Inc. and ACS Giftware Industrial Ltd.

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