Stratview Research has published a new report on the Phenoxyethanol Preservatives Market, segmented by Product Type (Phenoxyethanol P5 and Phenoxyethanol P25), by Application Type (Home & Personal Care [Cosmetics, Perfumes, Detergents, and Ointments], Pharmaceuticals, and Dyes & Inks), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Phenoxyethanol Preservatives Market is likely to witness an impressive CAGR of 5% during the forecast period. Growing per capita income, presence of huge young consumer base and emergence of e-commerce in developing economies are the major factors fueling the demand for home & personal care products, thus in turn, driving the market for phenoxyethanol preservatives during the forecast period.
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Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Phenoxyethanol Preservatives Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the product type, the market is segmented as phenoxyethanol P5 and phenoxyethanol P25. Phenoxyethanol P5 is projected to witness strong growth rate, owing to its property of being a preservative of superior category with less than 5 ppm of phenol constituent that encourages cosmetic manufacturers to opt for over its substitutes.
Based on the application type, the market is segmented as home & personal care, pharmaceuticals, and dyes & inks. The home & personal care application type dominates the market with almost 45% share of the total market. Rising demand for safe and paraben free cosmetics had compelled the cosmetic manufacturers to spend more in R&D activities to develop phenoxyethanol preservative blends having enhanced effectiveness and making them fit for different cosmetic products while adhering to strict norms. These factors are expected to boost the product market growth during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market, owing to rising product application in home & personal care and pharmaceutical products. In addition, trends such as increasing real income and belligerent marketing strategies taken on by leading cosmetic manufacturers are further expected to underpin the product adoption in the regional market over the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period owing to the presence of leading cosmetics manufacturing companies in countries such as France, Italy, and Germany accompanied with the approval for using phenoxyethanol preservative in limited concentrations by the European Council.
Following are the key players in the Phenoxyethanol Preservatives Market:
· Akema S.r.l.
· Ashland Global Specialty Chemicals Inc.
· BASF SE
· Clariant AG
· DuPont de Nemours, Inc.
· Galaxy surfactants
· Lonza Group AG
· Schülke & Mayr GmbH
· Symrise AG Continental AG
· Thor Personal Care.
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