Phenoxyethanol Market will expand at a CAGR of 4.9% between 2017 and 2025

The presence of several large and small scale companies has rendered the Phenoxyethanol Market Outlook highly competitive. In a recent study, Transparency Market Research (TMR) finds that the vendor landscape in China is highly concentrated.

Read report Overview-

https://www.transparencymarketresearch.com/phenoxyethanol-market.html

In order to make a cut amidst fierce competition, most companies operating in the China market are going an extra mile to undertake scientific researches. Through this they are aiming at better safety and efficiency of their products. Furthermore, they are cautiously adopting strategies to let customers know about their efforts, in turn gaining traction for the global phenoxyethanol market.

In the study TMR profiles some of the leading companies operating in the global phenoxyethanol market, which include BASF SE, The Dow Chemical Company, Ashland Inc., Procter & Gamble Co. (P&G), and others. Strategies adopted by these companies are likely to exert significant influence on the overall market.

global phenoxyethanol market
Increasing Applications Bolsters Scope for Expansion

TMR studies growth trajectory of the market in details. As per the report, the global phenoxyethanol market will rise at a steady 4.9% CAGR between 2017 and 2025. At this pace, the market will reach US$260.3 mn by the end of 2025 as against US$170.3 mn in 2016. The increasing use of phenoxyethanol in home care, personal care, paint additives, industrial coatings, architectural coatings, inks and dyes, and pharmaceuticals is expected to boost the market over the forecast period. Among this, the homecare segment held a significant share in the market in 2017. Going forward it is forecast to exhibit rising demands for phenoxyethanol.

Request PDF Brochure -

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=38249

Regionally, Asia Pacific held sway over the global phenoxyethanol market. The rising demand from China on account of its massive population and rapid economic development will help the market rise in Asia Pacific.

Rising Spending on Discretionary Products Fuels demand for Phenoxyethanol

Rising spending by consumers on discretionary items gives the biggest fillip to the global phenoxyethanol market. Given the scenario, growing disposable incomes will attract considerable opportunities for the market.
Phenoxyethanol is supplanting formaldehyde donor preservatives in a fast and efficient manner, leading to their increasing application in personal care products. "Phenoxyethanol has excellent antimicrobial properties and can act against various microorganisms, which is why their use in both rinse-off and leave on personal care products has increased," said a lead TMR analyst.

Furthermore, phenoxyethanol is preferred due to its low sensitization, which has also earned it approval from around the world. In addition to personal care products, phenoxyethanol is also used as a solvent in cosmetic ingredients.

REQUEST FOR COVID19 IMPACT ANALYSIS -

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=38249

Increasing Use in Cosmetic Industry Boosts Growth Prospects

In the coming years, the market is expected to witness rising demand from the cosmetic industry. Driven by this, it will exhibit a steady growth worldwide. Phenoxyethanol is also used as a preservative in cleaners due to its effectiveness against gram-positive and negative bacteria. Also, its application in active pharmaceutical ingredients has considerably increased and so has its use to anaesthetize ornamental fish during transportation. Despite its non-toxic nature, phenoxyethanol is associated with reproductive disorders, endocrine disruptions, and cancers. This is a key factor hampering the global phenoxyethanol market.

This review is based on a TMR report, titled "Phenoxyethanol Market (Product - Phenoxyethanol P5 and Phenoxyethanol P25; Applications - Personal care (Hair Care, Face and Body Care, Hygiene Products, Cosmetics, and Perfumes), Home Care, Pharmaceuticals, Inks and Dyes, Paint Additive, Architectural, and Industrial Coatings) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025."

Explore Transparency Market Research's award-winning coverage of the global (Chemicals and Materials) Industry

https://www.prnewswire.com/news-releases/global-chloromethane-market-to-garner-cagr-of-4-to-reach-us-3-billion-valuation-during-2019--2027-transparency-market-research-301003570.html

Explore Transparency Market Research's award-winning coverage of the global (Energy) Industry

https://www.globenewswire.com/news-release/2019/09/05/1911366/0/en/Rapid-Strides-of-Shale-Gas-Augment-Splendid-Revenue-Generation-for-Global-Natural-Gas-Liquid-Market-TMR.html

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.

This release was published on openPR.