Submitted by: Submitted by holdenpamela1
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Words: 385
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Category: Business and Industry
Date Submitted: 03/02/2016 08:59 AM
According to a new report published by Allied Market Research titled, “World Air Freshener Market - Opportunities and Forecasts, 2014 - 2020,” the world air freshener market is estimated to garner $11.04 billion by 2020, registering a CAGR of 2.8% during the forecast period, 2015–2020. Globally, Europe was the leading market in 2014, with about 36% of the market share, followed by North America. Asia-Pacific is anticipated to exhibit the fastest growth, registering a CAGR of 4.5% during the forecast period.
Various types of air fresheners marketed by companies include spray/aerosol, electric, gels, candles and others. Spray/aerosol type air fresheners segment occupied the largest market share of the overall market in 2014. The segment is anticipated to lead the market throughout the forecast period, owing to higher popularity amongst households for the purpose of home-care. The segment of Gel air fresheners holds huge growth potential during the forecast period, due to the increasing usage of these fresheners in cars. Further, air fresheners with battery operated dispenser systems are gaining importance over electric counterparts as they do not require a plug in socket. Candle air fresheners are preferred for festive and other occasional use; however, cases of fire accidents have limited their adoption in main stream application areas.
Read complete report at: https://www.alliedmarketresearch.com/air-freshener-market
Key findings of the study:
• In 2014, Sprays/Aerosols air fresheners was the largest revenue-generating product type and would continue to lead the market through 2020
• Residential usage dominated the application segment in 2014 and would maintain this trend throughout the analysis period.
• By sales channel, retail would account for the larger share of the overall sales revenue throughout 2014-2020
• Asia-Pacific would register the fastest growth rate during the forecast period and would contribute nearly 29% of the market revenue by...