41 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 41 products. para-Cresol, para-Anisicaldehyde and para-Cresidine are some of the key products. During 2022-23, sales decreased by 3% from ` 786 cr to ` 766 cr. Sales in India increased by 27% from ` 251 cr to ` 318 cr. Sales outside India decreased by 16% from ` 535 cr to ` 448 cr and formed 58% of the total sales. The decrease in sales on account of volume was 17%. The Company completed one project during the year. The world market for para-Cresol (a key product ) is estimated at 70,000 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$ 16 bn and is growing at about 5%. The size of the world Personal Care industry is estimated at US$ 490 bn, of which personal care ingredients segment is US$ 28 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 its manufacturing efficiencies, debottlenecking and adding capacities, iii) introducing new products and iv) 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 3,287 2022-23 3,484 2021-22 (6%) % change Sales (` cr) 66% 2022-23 71% 2021-22 (5%) % change Share in total sales (%)
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