TORAY INDUSTRIES, INC., Solvay and International, Flavors & Fragrances, Inc. are Dominating the Aroma Chemicals Market in 2020

Global Aroma Chemicals Market is expected to grow with the CAGR of 7.4 % in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global aroma chemicals market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in the aroma chemicals market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in September 2020, Firmenich SA has announced a setup of pilot plants in biotechnology and naturals. The plant will help in development of new flexible and clean solutions with standards according to the environment. This will increase the revenue of Firmenich SA.

TORAY INDUSTRIES, INC. is the dominating player in the aroma chemicals market. The other key players existing in the market Givaudan, Toyotama International Inc., Takasago International Corporation, Toray Industries, Inc, inoue perfumery MFG. Co.,ltd., BASF SE, Kao Corporation, Symrise, Firmenich SA, Solvay, International Flavors & Fragrances Inc, Beijing LYS Chemicals CO., LTD., Harima Chemicals Group, Inc, DE Monchy Aromatics, MANE, Cedarome, Sensient Technologies Corporation, Vigon International, INC., Treatt PLC and Bordas S.A., among others.

Aroma Chemicals MarketTORAY INDUSTRIES, INC.

TORAY INDUSTRIES, INC. was founded in 1926 and is headquartered in Tokyo, Japan, which is engaged in the manufacturing of synthetic fibers with an array of chemical oriented sectors such as plastics, fine chemicals and pharmaceuticals. The company offers various products such as resins, films, chemicals and electronics and information material and the market focused product is chemicals.

  • In December 2020, TORAY INDUSTRIES, INC. won an award for Excellent Green Logistics Commendation Program under collaboration with UPR Corporation at Green Logistics Partnership Conference. This has helped in reduction of C02 emissions and reduction in loading and unloading time for the product. This has increased the sales and revenue with rise in the goodwill of TORAY INDUSTRIES, INC.

The company has wide global presence across Asia, Europe, Americas and Middle East and Africa. It also has subsidiaries such as Toray Medical Company Limited (Japan), Toray Construction Co., Ltd. (Japan), CHORI CO., LTD.(Japan), Zoltek (U.S.), Soda Aromatic Co., Ltd. (Japan), among others.


Solvay was founded in 1863 and is headquartered in Brussels, Belgium. The company is engaged in the manufacturing of sustainable products such as food and consumer goods, cars, batteries, water purification system and among others with an aim to protect the environment. The company offers various products such as surfactants, rare earths and metal compound, specialty chemicals, phenols and derivate, flavors and fragrances, calcium and magnesium derivatives, barium and strontium derivatives, amines, solvents, sodium derivatives, silicium derivatives, specialty polymers, mining chemicals, stabilizers and antioxidants, fluorine derivatives, phosphorous specialties, peroxygens, polymers among which flavors and fragrance is market focused segment.

  • In December 2020, Solvay announced a partnership with PrinterPrezz which is a trailblazer having combination of nanotechnologies and metal 3D printing which is been used in the development and manufacturing of medical devices. This will help in increasing the sales and revenue of Solvay.

The company has wide global presence across Asia-Pacific, Europe, Middle East and Africa, North America, Latin America. It also has subsidiaries such as Rhodia (France), Rhodia Chemicals India Pvt. Ltd.(India), Rhodia Hpcii SAS (Belgium), Rhodia Brasil Ltda. (Brazil), RHODIA Italia S.p.a. (Italy), Rhodia Holding, Inc. (U.S.), among others.

International Flavors & Fragrances, Inc.

International Flavors & Fragrances, Inc. was founded in 1958 and was headquartered in New York, U.S. The company is engaged in the manufacturing of flavors, fragrance with the use of innovative techniques by creating new products. The company offers various products such as fine fragrance, fabric care, hair care, home care, personal care, toiletries, ingredients among which fine fragrance is market focused segment.

  • In December 2020, International Flavors & Fragrances, Inc. has received an award for 2020 EcoVadis platinum sustainability for sustainable procurement and supply chain process. This will increase the sales and revenue of IFF.

The company has wide global presence across Asia-Pacific, Europe, North America, Latin America, Middle East and Africa. It also has subsidiaries such as Frutarom (Israel), P.T. Essence Indonesia (Indonesia), Laboratoire Monique Remy SAS (France), International Flavours and Fragrances (India), Henry H. Ottens Manufacturing Co., Inc. (U.S.), IFF-Benicarlo, S.A. (Spain), among others.