Press release
Phenylbenzimidazole Sulfonic Acid Market Expected to Reach Prominent Growth by 2031| BASF SE, DSM, Corey Organics.
Phenylbenzimidazole Sulfonic Acid Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Phenylbenzimidazole Sulfonic Acid market from 2024 to 2031?
The "Phenylbenzimidazole Sulfonic Acid Market" is estimated to reach at a Significant Growth during the forecast period (2024-2031).
What is Phenylbenzimidazole Sulfonic Acid Market?
The Phenylbenzimidazole Sulfonic Acid Market focuses on the production and application of this chemical compound, commonly used as a UV filter in sunscreens and personal care products. Known for its ability to absorb UV radiation and protect skin from harmful effects, phenylbenzimidazole sulfonic acid is increasingly popular in cosmetic formulations. Market growth is driven by rising consumer awareness of skin protection, increasing demand for sun care products, and stricter regulations regarding UV filters in various regions. Additionally, the expanding cosmetic and skincare industries contribute to the growing adoption of this ingredient in formulations.
Growth Driver
High Compatibility and Non-Greasy Nature
Phenyl benzimidazole sulfonic acid stands out in the sunscreen formulation landscape due to its water-soluble nature, making it an excellent choice for creating high SPF skincare and sunscreen products. Unlike many traditional chemicals used in sunscreens, this compound is lightweight and non-greasy, which is particularly beneficial for individuals with oily skin. Its unique properties allow it to be easily absorbed without leaving a heavy or greasy residue, reducing the risk of skin breakouts. This compatibility makes phenyl benzimidazole sulfonic acid a promising ingredient for those seeking effective sun protection without compromising their skin's comfort.
Key Players:
Profiles of some of the major players in the global Phenylbenzimidazole Sulfonic Acid market, which include BASF SE, DSM, Corey Organics, Belchem, UNIPROMA, Merck KGaA, Shandong Ench Chemical Co., Ltd., Hebei Saiyi Technology Co., Ltd., Hairui Chemical, Shanghai Hanhong Chemical.
Industry Development:
In October 2019, Merck KGaA, a leading scientific and technology company, announced its acquisition of FloDesign Sonics, known for developing an innovative acoustic cell processing platform aimed at industrializing cell and gene therapy production. This groundbreaking technique utilizes ultrasonic vibrations to manipulate cells, representing a significant advancement in the field. With this acquisition, Merck KGaA aims to become the first company to commercialize acoustic technology for the production of cell therapies, potentially transforming the landscape of therapeutic development.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Phenylbenzimidazole Sulfonic Acid market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Application: Sunscreen, Lotion, Others.
By Product Type: Purity (Less than 95%), Purity (Less than 97%), Purity (Less than 98%), Purity (Less than 99%).
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
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