Global Eugenol Market Set for Robust Growth Driven by Rising Demand in Specialty Chemicals
The global eugenol market was valued at approximately USD 170 million in 2023 and is projected to reach around USD 295 million by 2032, expanding at a compound annual growth rate (CAGR) of 6.3% during the forecast period. The market growth is driven by increasing demand from pharmaceutical, cosmetic, and flavoring industries, where eugenol is utilized for its functional and aromatic properties.
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