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Phenoxyethanol Market

Published Date : Jun 2024 | Forecast Year : 2019

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Phenoxyethanol Market Size, Analysis, By Type (Reagent Grade, Pharmaceutical Grade, Chemical Grade), By Application (Personal Care and Cosmetics, Pharmaceuticals, Dyes and Ink) Trends Regional Outlook, and Forecast 2024-2032

Report ID: AG953

Published : Jun 2024

Pages : 126

Category : Chemical & Material

Format : Phenoxyethanol Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 116.9 Million
MARKET SIZE (2024)USD 91.05 Million
CAGR (2023-2029)4.5 %
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEReagent Grade
Pharmaceutical Grade
Chemical Grade
BY APPLICATIONPersonal Care and Cosmetics
Pharmaceuticals
Dyes and Ink
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSBASF (Germany), Clariant (Switzerland), Symrise (Germany), Air Liquide (U.S.), DowDuPont (U.S.), Ashland (U.S.), Akzo Nobel (Netherlands), Galaxy Surfactants, Haihang Industry Co (China), Liaoning Kelong Fine Chemicals (China), Lonza (Switzerland) .

The Global Phenoxyethanol Market size was estimated to be valued at USD 91.05 Million in 2023 and is expected to reach at USD 116.9 Million by 2032, exhibiting at a CAGR of 4.5 % during the forecast period. This report provides a deep insight into the Phenoxyethanol Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Phenoxyethanol Market

Size, by Product, - (USD Billion)

Reagent Grade

Pharmaceutical Grade

Chemical Grade

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

4.5 %

The Forecast Market

Size for in USD:

$116.9 Million B

b0d51e3055fd6f23ff6a384a6e091406.svg

Phenoxyethanol Market Segments

By Type: Reagent Grade, Pharmaceutical Grade, Chemical Grade 

By Application: Personal Care and Cosmetics, Pharmaceuticals, Dyes and Ink

Key Profiles:

BASF (Germany), Clariant (Switzerland), Symrise (Germany), Air Liquide (U.S.), DowDuPont (U.S.), Ashland (U.S.), Akzo Nobel (Netherlands), Galaxy Surfactants, Haihang Industry Co (China), Liaoning Kelong Fine Chemicals (China), Lonza (Switzerland) 

Regional Analysis

  • North America: Large economies like the United States and Canada are covered in this region.
  • Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.
  • Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.
  • Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.
  • Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.
  • Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Phenoxyethanol Market

Share, by end user, (USD Billion)

Analytica Global 91.05 Million %

Personal Care and Cosmetics

Pharmaceuticals

Dyes and Ink

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

116.9 Million

Total Market Size

USD (Billion),

4.5 %

CAGR

-

Market Overview:

  • The phenoxyethanol market has experienced robust growth driven by its versatile applications across various industries. 
  • Primarily used as a preservative in cosmetics, personal care products, and pharmaceuticals, phenoxyethanol ensures product safety and extends shelf life by inhibiting microbial growth. 
  • The expanding global cosmetics and personal care industry, coupled with stringent regulatory standards in pharmaceuticals, has significantly bolstered demand. Increasing consumer awareness regarding ingredient safety has further fueled adoption, despite ongoing scrutiny over potential skin sensitivities. 
  • The market's future outlook remains promising, with continued innovation in formulations and geographical expansion expected to sustain growth, albeit amid competition from alternative preservatives and natural ingredient trends. 

Market Key Drivers:

  • Phenoxyethanol is widely used as a preservative in cosmetics and personal care products because it is effective against microbial growth, which extends the shelf life of the product. The rapid growth of these industries around the world is driving the demand for phenoxyethanol.
  • Phenoxyethanol is approved for use within specified limits in cosmetics, pharmaceuticals and other products by regulatory agencies of the United States and the European Union such as the FDA. Compliance with these regulations promotes their adoption in the market.
  • Growing consumer awareness of the safety of ingredients in personal care products has led to a preference for preservatives such as phenoxyethanol, which are considered a safer alternative to traditional preservatives such as parabens.
  • In medicine, phenoxyethanol is used in various formulations to ensure product safety and stability. The strict regulatory requirements of the pharmaceutical industry ensure a stable demand for phenoxyethanol.
  • Continuous advances in formulation technologies and product innovations aimed at improving efficacy and safety profiles are driving market growth. 

The Food Grade Segment is Gaining traction in the Phenoxyethanol Market:

  • Phenoxyethanol's effectiveness as a preservative is recognized beyond cosmetics and pharmaceuticals, extending to food products. Its ability to inhibit microbial growth makes it suitable for preserving a wide range of food items, including sauces, dressings, and beverages.
  • Regulatory bodies such as the FDA and other food safety agencies have approved phenoxyethanol for specific applications in the food industry. Compliance with these standards ensures its safety and efficacy, which is crucial for manufacturers and consumers alike.
  • Similar to personal care products, consumers are increasingly concerned about the safety and shelf life of food items. Phenoxyethanol provides a solution by extending the freshness and stability of foods, thereby meeting consumer expectations for quality and safety.
  • in food processing technologies have facilitated the integration of phenoxyethanol into various food formulations without compromising taste or nutritional value. This versatility enhances its appeal to food manufacturers seeking effective preservation solutions.
  • The growth of the food manufacturing sector, coupled with increasing demand for convenience foods and beverages, drives the need for reliable preservatives like phenoxyethanol. This trend supports market expansion and adoption across diverse food product categories.
  • The food grade segment of phenoxyethanol offers opportunities for innovation in formulations and product differentiation. Manufacturers can leverage its preservative properties to develop new food products with extended shelf life and improved sensory qualities. 

    Phenoxyethanol Market

    Size, by Product, - (USD Billion)

    APAC $ 24

    The Market will Grow

    At the CAGR of:

    4.5 %

    The Forecast Market

    Size for in USD:

    $116.9 Million B

    b0d51e3055fd6f23ff6a384a6e091406.svg

Rise in Demand for Cosmetic Products Bolstering Phenoxyethanol Market Statistics:

  • There is a growing awareness among consumers regarding the safety and efficacy of personal care products. Phenoxyethanol is widely recognized as a safe and effective preservative, which enhances its appeal in cosmetics.
  • The cosmetics industry continues to expand globally, driven by increasing disposable incomes, urbanization, and changing consumer lifestyles. This growth directly translates into higher demand for preservatives like phenoxyethanol to maintain product quality and shelf life.
  • Phenoxyethanol has received regulatory approval for use in cosmetics within specified limits in major markets such as the US, EU, and others. This regulatory compliance assures consumers and manufacturers of its safety, further boosting its adoption.
  • Phenoxyethanol's ability to inhibit microbial growth effectively makes it a preferred choice for preserving cosmetic formulations, including creams, lotions, serums, and makeup products. Its broad-spectrum antimicrobial activity ensures product stability and extends shelf life.
  • Ongoing advancements in cosmetic formulations and packaging technologies allow for the integration of phenoxyethanol in a variety of products without compromising sensory attributes or efficacy. This supports product innovation and differentiation in the competitive cosmetics market. 

Market Trends (New Product Launches):

  • A major factor driving the growth of the global phenoxyethanol market is the ever-increasing demand for cosmetics and the need to protect cosmetics from bacterial growth and extend their shelf life in products such as lip makeup and eyes, water-based lotions, perfumes and deodorants and nail removers. Furthermore, increasing use of phenoxyethanol in various industrial sectors such as pharmaceuticals, paints and coatings, soap, healthcare, and others is likely to boost the market expansion.
  • However, during the forecast period, product innovations with the addition of natural alternatives will provide new opportunities for competing market players in the global phenoxyethanol market.
  • Regulations on the use of phenoxyethanol are expected to curb the expansion of the global phenoxyethanol market. Additionally, phenoxyethanol is a potential allergy and excessive exposure can cause vomiting and diarrhea, leading to lower usage of related cosmetics, daily care products and other products, which is a challenge for market growth.

    Phenoxyethanol Market TO (USD BN)

    Phenoxyethanol Market

    CAGR OF

    4.5 %

    Phenoxyethanol Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 116.9 Million %
     

Restraints Factors:

  • Despite regulatory approvals, there is ongoing concern and debate about the potential health risks associated with phenoxyethanol, such as skin irritation and allergic reactions in some people. These issues can affect consumer confidence and market acceptance.
  • Alternative preservatives compete in the market, including natural preservatives and other synthetic alternatives. Consumer preference for organic and clean labels will challenge the growth of the phenoxyethanol market.
  • While regulatory approval is a driving factor, ongoing monitoring and evolving regulatory requirements can present challenges for manufacturers in terms of compliance and formulation adjustments.
  • Economic fluctuations and cost considerations of raw materials and manufacturing processes can affect the market dynamics and pricing of phenoxyethanol-based products.
  • Emphasizing environmental sustainability and biodegradability in product formulations may influence market preferences toward more environmentally friendly alternatives, which may affect demand for phenoxyethanol.

Frequently Asked Questions (FAQs)

1.How big is the Phenoxyethanol Market?

Ans: The Phenoxyethanol Market size valued at USD 8.52 Billion in and grow at a CAGR of 4.5 % 

2.What is the current Phenoxyethanol Market size?

ANS: The Phenoxyethanol Market size is expected to be USD 91.05 Million.

3.Who are the key players in Phenoxyethanol Market?

Ans: BASF (Germany), Clariant (Switzerland), Symrise (Germany), Air Liquide (U.S.), DowDuPont (U.S.), Ashland (U.S.), Akzo Nobel (Netherlands), Galaxy Surfactants, Haihang Industry Co (China), Liaoning Kelong Fine Chemicals (China), Lonza (Switzerland)

4.Which is the fastest growing region in Phenoxyethanol Market?

Ans: Asia Pacific is estimated to grow at the highest CAGR over the forecast.

 

Phenoxyethanol Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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