Press release
Phenoxyethanol Market to Record Sturdy Growth by 2024 - 2031 | Kemira Oyj, Solvay S.A., Promox S.p.A.
Phenoxyethanol Market
Global phenoxyethanol market was valued at US$ 167.5 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2022 to 2030).
Market Dynamics:
The growth of the phenoxyethanol market is primarily driven by the rising application of phenoxyethanol in personal care products. Phenoxyethanol is commonly used as a preservative in cosmetic formulations due to its broad-spectrum activity against bacteria, yeasts, and molds. It protects products from spoilage without altering colors, consistency, or odor of formulations. Furthermore, stringent regulations regarding product preservation and consumer demand for natural preservatives are expected to boost the demand for phenoxyethanol. However, the possible carcinogenicity of phenoxyethanol may hamper market growth over the forecast period. Nevertheless, the expanding personal care industry worldwide is likely to offer lucrative opportunities for phenoxyethanol producers.
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Stringent Regulations Limiting Phenoxyethanol Levels Pose a Challenge
Phenoxyethanol has been facing regulatory restrictions due to safety concerns around its use levels in certain end-use sectors. Several countries and international regulatory bodies have imposed limits on the maximum allowed concentrations of phenoxyethanol in different product categories like cosmetics, personal care, pharmaceuticals and household cleaners. For instance, the European Union Cosmetic Regulation restricts phenoxyethanol concentration to 1% in leave-on cosmetic products and 1.5% in rinse-off products to reduce risks of skin irritation. Similarly, the US FDA and Health Canada have prescribed guidelines for appropriate levels of this preservative in various OTC drug formulations. Such regulations aim to ensure safe application of phenoxyethanol while allowing its widespread preservation benefits. However, tight restrictions on use levels increase production challenges and compliance costs for manufacturers. Formulating products within regulatory limits without compromising efficacy is a major restraint faced by the phenoxyethanol market.
Rising Opportunities in Asia Pacific Region
The phenoxyethanol market is anticipated to receive a strong boost from the Asia Pacific region going ahead. The Asia Pacific personal care industry has emerged as one of the fastest growing consumer markets globally driven by rising spends on grooming and appearance enhancement products in developing countries. Booming middle classes, rapid urbanization and changing lifestyles are fueling sales of various cosmetic and skincare items in the region. At the same time, Asian contract cleaning industries are expanding rapidly as outsourcing of facility services gains momentum across commercial and industrial sectors. Favorable economic conditions, growing awareness about sanitization and easy availability of affordable cleaning services present lucrative opportunities for downstream phenoxyethanol demand. Moreover, increasing regulatory approvals for phenoxyethanol usage in cosmetic and personal care applications in Asia Pacific opens up new avenues for suppliers. The Asia Pacific phenoxyethanol market is projected to surge at an impressive pace with continued urbanization and rising penetration of personal care and household products in the region.
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Top Companies Featured in This Report:
β Kemira Oyj
β Solvay S.A.
β Promox S.p.A.
β Evonik Industries
β Ecolab Inc.
β Thai Peroxide Limited
β Mitsubishi Gas Chemical Company Inc.
β PeroxyChem LLC
β Diversey Inc.
β Aditya Birla Chemicals Ltd.
β Christeyns NV
β Acuro Organics Limited
β RX CHEMICALS
β Swiss Chemi Pvt. Ltd
β Brainerd Chemical Company
Market Segmentation:
By Product Type:
β By Grade: Less than 5% Grade , 5-15% Grade , and Greater than 15% Grade
β By End User: Food and Beverages , Pulp and Paper Bleaching , Water Treatment , Healthcare , Agriculture , and Others
By Applications:
β By Application : Disinfectant , Sterilant , Sanitizer , and Others
Key Regions/Countries Classified as Follows:
Β» North America (U.S., Canada, Mexico)
Β» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Β» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Β» South America (Brazil, Argentina, Rest of SA)
Β» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Phenoxyethanol Market Competition Landscape by Players
Chapter 4: Assessment of Phenoxyethanol Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Phenoxyethanol sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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