46 Atul Ltd | Annual Report 2021-22 AROMATICS – II Product groups: Intermediates, Perfumery, Others The products falling under these product groups are mainly used by customers belonging to Fragrance and Personal Care industries. The product groups comprise about 37 products. para-Cresol, para-Anisicaldehyde and para-Cresidine are some of the key products. During 2021-22, sales increased by 40% from ` 562 cr to ` 786 cr. Sales in India increased by 19% from ` 211 cr to ` 251 cr. Sales outside India increased by 52% from ` 351 cr to ` 535 cr and formed 68% of the total. Growth on account of volume was 9%. The Company completed one project during the year. The world market for para-Cresol (a key product ) is estimated at 69,000 MT and is growing at about 2%. Though earlier the product used to be manufactured in the UK and the USA, China and India are now major suppliers of the product. The size of the world Fragrance industry is estimated at US$ 15 bn and is growing at about 5%. The size of the world Personal Care industry is estimated at US$ 467 bn, of which personal care ingredients segment is US$ 27 bn and is growing at about 5%. The main user industries, namely, Fragrance and Personal Care are growing well due to an improved standard of living. The Company will participate in this growth by - i) broadening its market reach, ii) increasing itsmanufacturing efficiencies, iii) debottlenecking and adding capacities, iv) introducing new products and v) evaluating inorganic growth opportunities. Fluctuations in foreign exchange may impact sales realisations. Performance and Other Chemicals segment consists of four sub-segments, namely, Aromatics - II, Bulk Chemicals and Intermediates, Colors and Polymers. Performance and Other Chemicals segment 3,484 2021-22 2,336 2020-21 49 % change Sales (` cr) 71 2021-22 68 2020-21 3 % change Share in total sales (%)
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