Phenoxyethanol Preservatives Market Size by Key Players: BASF, The Dow Chemical Company, Clariant, Sigma-Aldrich Co. LLC, Akzo Nobel N.V.

Worldwide phenoxyethanol preservatives market is projected to record an annual growth rate of 6% over 2017-2024. In 2016, the phenoxyethanol preservatives industry was valued at USD 100 million and is estimated to record a target revenue of USD 170 million by 2024.

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The Global Phenoxyethanol Preservatives Market is expanding at a remarkable pace with its wide application scope in the cosmetics, pharmaceutical, and household applications. These preservatives play an important role in inhibiting the growth of microorganisms and are thus extensively used as bactericide in product formulations. Growing public awareness and increasing trend of using paraben-free compounds have further favored phenoxyethanol preservatives industry to expand.

Phenoxyethanol preservatives market witnesses a broad application spectrum in the cosmetics industry, owing to its stability under extreme conditions, good toxicology, and good compatibility with the cosmetics products. The ban on the paraben in several regions have increased the demand for phenoxyethanol preservatives market. The cosmetic application is estimated to record a CAGR of 6.9% over the period of 2017-2024. The premium grade of phenoxyethanol preservatives for example, phenoxyethanol P5 is mainly used in the cosmetics application due to its phenol free content of less than 5 ppm. Higher content of free phenol makes the P25 grade products a less suitable choice for diverse range of industrial application. Besides the free phenol content, both the product grades including phenoxyethanol P25 and phenoxyethanol P5 contains 99.5% purity factor.

Phenoxyethanol possess better anesthetic properties and can also use as a mild disinfectant. They are also used as vaccine and allergen preservatives and thus finds prominent usage in the pharmaceutical sector. The phenoxyethanol preservatives market from the pharmaceutical segment is expected to generate revenue over USD 30 million in 2024 and register a CAGR of over 7% over 2017-2024. Europe witness a fierce competitiveness amongst its pharmaceutical industry players and thus experience robust developments in the phenoxyethanol preservatives industry.

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Partial Chapter of the Table of Content

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

3.4.1.1. Increased product demand in cosmetic industry

3.4.1.2. Replacement of parabens with phenoxyethanol

3.4.2. Industry pitfalls & challenges

3.4.2.1. Expensive and time-consuming approval process for preservatives

3.4.2.2. Use of natural preservatives

3.5. Growth potential analysis

3.6. Regulatory trends

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.7. Porter’s analysis

3.8. Company market share analysis, 2016

3.8.1. Strategy dashboard

3.9. PESTEL analysis

3.10. Regional price trends

3.10.1. Cost structure analysis

3.10.2. Raw material trends

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Owing to the high consumption and significant expenditure on beauty products, Brazil will record a rising trajectory in terms of product market growth. In Europe, the demand of the product will be driven by the competitive pharmaceutical sector as it represents a major source of growth of the economy.

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.

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