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Propylparaben Market industry growth forecast from 2016 to 2024

Propylparaben Market industry growth forecast from 2016 to 2024

Global Propylparaben Market size is likely to witness a substantial growth in the forecast spell owing to its extensive use as a preservative in cosmetic industry and personal care products. It is a white and odorless powder which occurs in insects and plants naturally.

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Similar to other chemicals from the paraben family, the product finds its use as a preservative and additive in several range of cosmetic, pharmaceutical, food and personal care products. This is due to its antimicrobial property which is effective even in low concentration. Cosmetics, pharmaceutical and food products, if not added with preservatives, can get spoiled easily due to fungal and bacterial growth.

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The most commonly used parabens in the cosmetic products are butylparaben, propylparaben and methylparaben. Threat of internal substitution within the paraben products can be a hindrance to future growth of global propylparaben market. Moreover, the propylparaben market faces serious threats from the water-based and organic antimicrobial additives as they are eco-friendlier.

Due to the low production cost, the product finds its application in a wide range of segments such as personal care products, cosmetics, food, and pharmaceuticals. In personal care, it is used extensively in products such as sunscreens, deodorants, shower gels, conditioners, shampoos and moisturizers. It is also used as an additive in cosmetic products such as foundations, eye shadows, mascaras, and lipsticks. In food, it is used in the preservation of flavoring syrups, processed vegetables, frozen dairy products, pickles, jams, processed fish, soft drinks, desserts, sauces, and beer.

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North America accounts for a major chunk of share in the global propylparaben market whereas Asia Pacific is considered as fastest growing market. The presence of global manufacturers of cosmetics and pharmaceuticals in North America is likely to boost demand in that region. Owing to the improving lifestyles, rise in disposable income and purchasing parity of people, coupled with increasing production capacities in Asia Pacific, especially in China and Japan, the propylparaben market demand will rise substantially. The highly growing food processing industry in the Middle East and Latin America is also driving the demand for propylparaben market.

Some of the prominent p propylparaben market participants include Hainan Zhongxin Chemical Co., Ltd., Alta Laboratories Ltd., Anhui Leafchem Co., Ltd., Cameo Health Care, Argos international, The Dow Chemical Company, The Good Scents Company, Avantor Performance Materials LLC, Nebula Health Care, Salicylates and Chemicals Pvt. Ltd., Akema Fine Chemicals to name a few.

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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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