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Phenoxyethanol Preservatives Market 2021 – Impact of COVID-19, Future Growth Analysis and key players like BASF, Symrise AG, Akema, Dow, AkzoNobel, Clariant, Ashland, Lonza
Phenoxyethanol Preservatives Market
Being a clear, colorless, oily liquid with a faint aromatic odor at room temperature, PE has a wide spectrum antimicrobial activity against yeasts, bacteria and mold. With the mounting clampdown on parabens, phenoxyethanol preservatives are being highly sought-after among end-users.
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Ongoing transformation of distribution channels leading toward establishment of specialty retailers and online sellers has been also fostering the proliferation of personal and home care products, which should further stimulate the phenoxyethanol preservatives market demand by 2024. The chemical preservative is extensively used with most of the cosmetics and exhibits exceptional stability in extreme conditions which should augment the industry size.
Moreover, it has been widely replacing the older formaldehyde based preservatives which carry some disadvantages, thus favoring the product consumption over the forecast timeframe. Increasing spending toward cosmetics and personal care products will bolster the business prospective in the upcoming years. Global presence of the international brands providing quality products complemented with rising number of geriatric populations across the globe will fuel the anti-aging cosmetics demand further supporting expansion of the market landscape.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. Schülke & Mayr
3. Symrise AG
4. Akema Fine Chemicals S.r.l.
5. The Dow Chemical Company
6. AkzoNobel
7. Galaxy Surfactants Limited
8. Sigma-Aldrich
9. Clariant
10. Ashland
11. Lonza
12. Santa Cruz Biotechnology (SCBT)
13. Liaoning Kelong Fine Chemical Co., Ltd.
14. Penta Manufacturing Company
15. Jiangsu Tianyin Chemical Industry Co., Ltd.
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The Japanese spend around USD 220 per capita annually on cosmetics owing to which Japan is tagged as major market for cosmetics & personal care products. for instance, in 2016 the country witnessed a substantial sale of around USD 13.2 billion. Pertaining to ever-increasing demand for cosmetics the country even beats some of the larger markets such as the U.S and France. According to research report by Global Market Insights, Inc., Phenoxyethanol Preservatives Market size is likely to exceed USD 150 million by 2024.
Trends that can fuel phenoxyethanol preservatives market outlook. With phenoxyethanol preservatives boosting shelf life, preventing the growth of bacteria and stabilizes products, industry trends exhibit expanding use of PE preservatives in cosmetics. The antimicrobial property attached to PE helps in impeding the growth of bacteria, fungi and yeast in a product formula and preventing products from losing their strength.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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