Phenoxyethanol Preservatives Market Share 2017 Global Industry Size, Growth, Demand, Segment, Statistics & Forecast to 2024
Market Study Report adds 2017-2024 global Phenoxyethanol Preservatives market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Phenoxyethanol Preservatives Market size will surpass USD 170 million by 2024 according to a new research report. Cosmetics industry has flourished in the past few years with a robust growth rate which will accelerate the product market. The cosmetics segment is anticipated to grow with a CAGR of 6.9% in the forecast timeframe. Good toxicology profile makes the product a preferred preservative which will drive the phenoxyethanol preservatives market in various end-use industries. Active ingredient delivery systems are on the rise, which has improved the product market. The ban of paraben preservatives in many regions has brought phenoxyethanol into spotlight.
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The increased expenditure on personal hygiene and product innovations has upscaled the demand for liquid detergents. The reduced prices resulting from increased competition has also escalated the demand for liquid detergents. Increased applications and advanced technologies in the chemical industry will boost the phenoxyethanol preservatives market. These factors will allow the manufacturers to explore the niche market in emerging economies, thereby, propelling the product market.
International bodies such as European Economic Community, Cosmetic Toiletry Fragrance Association, USA, U.S. Pharmacopoeia, British Pharmacopoeia and Japanese Ministry of Health and Welfare have approved and recognized phenoxyethanol as an effective preservative.
The product is also used to preserve food which can be an opportunity for the food & beverage industry competitors to explore the phenoxyethanol preservatives market. The rising concerns of skin sensitization call for a need to develop effective preservative blends in the market, which will augment the phenoxyethanol preservatives market growth. The product market has broadly two variants that are widely used, phenoxyethanol P5 and phenoxyethanol P25. The market for phenoxyethanol P25 is likely to cross USD 30 million in 2024.
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The pharmaceuticals category is projected to grow at a significant rate and is estimated to surpass USD 30 million in 2024. In inks, glycol ether is used for the free flow of resins pigment. Due to the antibacterial properties, the product is widely used in home care and beauty products such as detergents, shampoos, cosmetics, etc. It is used as a fixative in perfumes and a solvent for dyes, resins and inks.
Some of the major contributors in the phenoxyethanol preservatives market include BASF SE, Jiangsu Jiafeng Chemical Co., Ltd., Clariant Corporation, Galaxy Surfactants Ltd., Sigma-Aldrich Co. LLC, Akzo Nobel N.V., Liaoning Kelong Fine Chemical Co., Ltd., Dow Chemical Company, etc.
Table of Contents
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Phenoxyethanol preservatives industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Phenoxyethanol Preservatives Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
184.108.40.206. Increased product demand in cosmetic industry
220.127.116.11. Replacement of parabens with phenoxyethanol
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