The global Phenoxyethanol Preservatives market is slated to accrue revenue worth nearly 115.5(USD Million) by 2026 and record the CAGR of nearly over 5% over the period from 2020 to 2026. The report offers assessment and analysis of the Phenoxyethanol Preservatives market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Introduction
Phenoxyethanol is a colorless and clear as well as oily liquid and is used as preservative in cosmetic items like skin creams and sunscreen lotions. The compound is manufactured through reaction of phenol and ethylene oxide at high temperature & pressure. Apart from this, the product has intermediate water solubility and demonstrates adequate rate of evaporation. It finds a plethora of applications as preservative in pharmaceutical drugs and lubricants. It is used as insect repellant, antiseptic, and solvent for resins, dyes, cellulose acetate, and inks. Apparently, massive use of anesthetic in organic synthesis and fish aquaculture will drive the product penetration across the globe.
Market Growth Dynamics
Surge in disposable incomes and thriving ecommerce sector in developing countries are the key factors enhancing the demand for personal care as well as home items. This will steer the need for the product over the forthcoming years. Apart from this, phenoxyethanol is used for arresting microbial proliferation and hence elevate the shelf life of any item. Rapid urbanization, surge in the living standards, and increase in the per capita expenditure in the developing countries of Latin America and Asia Pacific will embellish the market growth over the forthcoming years. High spending on personal care items and emerging fashion industry will enlarge the market scope over the forthcoming years.
With less toxic product features and exceptional antimicrobial activities, the market is likely to gain traction over the ensuing years. However, strict norms governing the use of preservatives in the cosmetic sector and changing customer perceptions can prove to be detrimental to the growth of the phenoxyethanol preservatives market in the near future.
Asia Pacific Market To Register Noteworthy Growth Over 2020-2026
The growth of the phenoxyethanol preservatives market in Asia Pacific over forecast timespan is owing to humungous demand for personal care items and cosmetics in the countries like India and China. Apart from this, nations like South Korea, Taiwan, Indonesia, Malaysia, and Japan are set to be the some of the key regional revenue pockets over the forecast timeline.
Key players influencing the market growth include Jiangsu Jiafeng Chemical Co. Ltd., The Dow Chemical Company, Haihang Industry Co. Ltd., Galaxy Surfactants Ltd., BASF SE, Clariant Corporation, Symrise, and Jinan Haohua Industry Co. Ltd.
The global phenoxyethanol preservatives market is segmented as follows:
By Product
By Application
By Region
Introduction
Phenoxyethanol is a colorless and clear as well as oily liquid and is used as preservative in cosmetic items like skin creams and sunscreen lotions. The compound is manufactured through reaction of phenol and ethylene oxide at high temperature & pressure. Apart from this, the product has intermediate water solubility and demonstrates adequate rate of evaporation. It finds a plethora of applications as preservative in pharmaceutical drugs and lubricants. It is used as insect repellant, antiseptic, and solvent for resins, dyes, cellulose acetate, and inks. Apparently, massive use of anesthetic in organic synthesis and fish aquaculture will drive the product penetration across the globe.
Market Growth Dynamics
Surge in disposable incomes and thriving ecommerce sector in developing countries are the key factors enhancing the demand for personal care as well as home items. This will steer the need for the product over the forthcoming years. Apart from this, phenoxyethanol is used for arresting microbial proliferation and hence elevate the shelf life of any item. Rapid urbanization, surge in the living standards, and increase in the per capita expenditure in the developing countries of Latin America and Asia Pacific will embellish the market growth over the forthcoming years. High spending on personal care items and emerging fashion industry will enlarge the market scope over the forthcoming years.
With less toxic product features and exceptional antimicrobial activities, the market is likely to gain traction over the ensuing years. However, strict norms governing the use of preservatives in the cosmetic sector and changing customer perceptions can prove to be detrimental to the growth of the phenoxyethanol preservatives market in the near future.
Asia Pacific Market To Register Noteworthy Growth Over 2020-2026
The growth of the phenoxyethanol preservatives market in Asia Pacific over forecast timespan is owing to humungous demand for personal care items and cosmetics in the countries like India and China. Apart from this, nations like South Korea, Taiwan, Indonesia, Malaysia, and Japan are set to be the some of the key regional revenue pockets over the forecast timeline.
Key players influencing the market growth include Jiangsu Jiafeng Chemical Co. Ltd., The Dow Chemical Company, Haihang Industry Co. Ltd., Galaxy Surfactants Ltd., BASF SE, Clariant Corporation, Symrise, and Jinan Haohua Industry Co. Ltd.
The global phenoxyethanol preservatives market is segmented as follows:
By Product
- Phenoxyethanol P5
- Phenoxyethanol P25
By Application
- Home and personal care
- Cosmetics
- Perfumes
- Detergents
- Ointments
- Pharmaceuticals
- Dyes and inks
- Others (Including metalworking fluids, chemical intermediates, jet fuel additives, etc.)
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Contents
- Chapter 1. Preface
