Phenoxy Ethyl Isobutyrate Market Revenue Report with Forecast to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Phenoxy Ethyl Isobutyrate Market- (By Purity (98.0% to 99.0%, 99.0% & 99.5%, > 99.5%), By Application (Perfumes & Colognes, Body Sprays & Lotions, Soaps & Shower Gels, Air Fresheners, Cleaning Agents, Others), By End-Use (Fragrance Industry, Flavor Industry, Cosmetics & Personal care, Homecare Products, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Phenoxy Ethyl Isobutyrate Market is valued at US$ 127.78 Mn in 2022, and it is expected to reach US$ 265.35 Mn by 2031, with a CAGR of 8.6% during a forecast period of 2023-2031

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Phenoxy ethyl isobutyrate is a chemical compound widely utilized in the fragrance and flavor industries, particularly as a key ingredient in cosmetics, perfumes, and personal care products. It is valued for its distinctive floral and fruity scent profile, as well as its low volatility, which contributes to the longevity of the fragrance. Economic growth, especially in emerging markets, has led to increased disposable income, thereby boosting demand for luxury goods and cosmetic products-subsequently benefiting the fragrance industry and the compounds it employs.

The growing consumer preference for natural and environmentally friendly products is also influencing market trends. Should phenoxy ethyl isobutyrate be perceived as eco-friendly or derived from natural sources, its market potential is likely to expand. Rising interest in premium fragrances and luxury personal care items is expected to further support market growth. Phenoxy ethyl isobutyrate is commonly found in a range of products including perfumes and colognes, body sprays and lotions, soaps and shower gels, as well as air fresheners.

List of Prominent Players in the Phenoxy Ethyl Isobutyrate Market:
• BASF SE
• Prakash Chemicals
• The Good Scents Company
• Tristar Intermediates
• Ernesto Ventós S.A.
• Robertet Group
• Takasago International Corporation
• TCI Chemicals
• Bell Flavors &
• Fragrances
• ScenTree

Market Dynamics:
Drivers-
The rapid expansion of e-commerce and online retail platforms has significantly transformed consumer purchasing behavior, particularly in the cosmetics and fragrance sectors. A strong digital presence and strategic online marketing are increasingly influencing the visibility and demand for products containing phenoxy ethyl isobutyrate. In addition, the growing emphasis on health and wellness within the cosmetics industry has prompted consumers to seek products perceived as safe and beneficial for skin health.

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Challenges:
Rising consumer expectations for environmentally sustainable and eco-friendly products present challenges for manufacturers. Sourcing sustainable ingredients such as phenoxy ethyl isobutyrate and aligning with green practices can be complex and resource-intensive.

Regional Trends:
The Asia-Pacific region is projected to capture a significant market share and exhibit robust growth in the coming years. The rising middle class in many APAC countries has fueled greater consumer awareness and spending on personal care and grooming products, which is expected to drive demand for fragrances and related ingredients. Furthermore, the rapid growth of e-commerce across the region is enhancing consumer access to a diverse array of cosmetics and fragrances, potentially boosting sales of products containing phenoxy ethyl isobutyrate.
North America is also expected to witness considerable growth during the forecast period. The region benefits from a well-established e-commerce infrastructure, which continues to expand due to its convenience and reach.

Recent Developments:
• In March 2023, BASF intends to enhance its fragrance ingredients business by augmenting its worldwide manufacturing capabilities through the establishment of new facilities in China and Germany.
• In March 2023, The Robertet Group has announced that it has bought Aroma Esencial, a company that processes natural products like vetiver, patchouli, cedar, ylang-ylang, and other key products for the aroma business.

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Segmentation of Phenoxy Ethyl Isobutyrate Market-
By Purity-
• 98.0% to 99.0%
• 99.0% & 99.5%
• > 99.5%
By Application-
• Perfumes & Colognes
• Body Sprays & Lotions
• Soaps & Shower Gels
• Air Fresheners
• Cleaning Agents
• Others
By End-Use-
• Fragrance Industry
• Flavor Industry
• Cosmetics & Personal care
• Homecare Products
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.