Press release
Phenoxyethanol Market Size & Share Worth US$ 329.4 Mn by 2031, at a 5.1% CAGR: Transparency Market Research (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38249
The phenoxyethanol market was valued at US$ 210.1 Mn in 2022; It is estimated to grow at a CAGR of 5.1% from 2023 to 2031 and reach US$ 329.4 Mn by the end of 2031
Market Size and Growth
The increasing demand for natural and paraben-free cosmetics is a significant growth factor for the phenoxyethanol market. Consumers are becoming more aware of the potential health risks associated with parabens, leading to a shift towards safer alternatives like phenoxyethanol.
Market Segmentation
The phenoxyethanol market can be segmented based on various factors, including:
Application: Personal care (creams, lotions, shampoos), pharmaceuticals, home care (disinfectants, cleaners)
Product Type: Phenoxyethanol P5, Phenoxyethanol P25
Region: Asia Pacific, North America, Europe, Latin America, Middle East & Africa
Regional Analysis
The Asia Pacific region currently holds the largest market share due to the burgeoning cosmetics industry and rising disposable incomes. North America and Europe are also expected to witness significant growth due to the established presence of key market players and increasing consumer awareness regarding product safety [1, 2].
Market Drivers and Challenges
Drivers:
Rising demand for natural and paraben-free personal care products
Increasing awareness of product safety and shelf life
Growth of the cosmetics industry in emerging economies
Rising demand for disinfectants and sanitizers due to health concerns
Challenges:
Stringent regulations regarding the use of phenoxyethanol in certain product categories
Potential health concerns associated with high concentrations of phenoxyethanol
Availability and pricing fluctuations of raw materials
Market Trends
Development of bio-based phenoxyethanol for a more sustainable market approach
Increasing focus on multifunctional personal care products containing phenoxyethanol
Growing demand for natural and organic cosmetics with phenoxyethanol as a safe preservative
Future Outlook
The phenoxyethanol market is expected to maintain a steady growth trajectory in the coming years. Rising consumer demand for safe and effective personal care products, coupled with the growing awareness of product safety, will continue to drive market expansion. Additionally, the exploration of bio-based alternatives and the development of multifunctional products containing phenoxyethanol present promising growth opportunities.
๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ | ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.transparencymarketresearch.com/checkout.php?rep_id=38249<ype=S
Key Market Study Points
Identifying the fastest-growing application segments for phenoxyethanol
Analyzing the impact of government regulations on market growth
Assessing the potential of bio-based phenoxyethanol alternatives
Evaluating the competitive landscape and key players' strategies
Competitive Landscape
The phenoxyethanol market is moderately competitive, with a presence of established players as well as emerging regional manufacturers. Some of the key players include BASF SE, Dow, Clariant, Ashland Inc., Lonza, Procter & Gamble Co. (P&G), Galaxy Surfactants, Schulke & Mayr GmbH, Akema S.r.l., Finetech Industry Limited, Penta Manufacturing Company, and Troy Corporation.
Recent Developments
Leading manufacturers are focusing on expanding their production capacities to meet the growing demand for phenoxyethanol.
There is a growing trend of collaborations between ingredient suppliers and personal care brands to develop innovative products containing phenoxyethanol.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
Synthetic Zeolite Market : https://www.prnewswire.com/news-releases/synthetic-zeolite-market-to-be-worth-usd-6-7-billion-by-2031-exclusive-report-by-transparency-market-research-inc-301994648.html
Recycled Metal Market - https://www.prnewswire.com/news-releases/recycled-metal-market-size-to-be-worth-usd-1-1-billion-by-2031--with-notable-cagr-of-3-6-transparency-market-research-inc-302012609.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Transparency Market Research Inc.
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