Methylparaben Market to Witness Exponential Growth by 2021

The continued expansion and growth of cosmetics and pharmaceuticals industries is one of the key drivers for the methylparaben market. The rise in per capita income and increase in standard of living across the world has lead to increased spending on cosmetics. Methylparaben is used to preserve majority of cosmetics that are available in the market today. Parabens are popular as they are inexpensive, odorless, colorless, non toxic and have wide spectrum of antimicrobial activity. They are approved by the FDA for use in the cosmetics industry. The future of preservatives in cosmetic industry is expected to be shaped by consumer perception and regulatory issues.

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The Asia Pacific market is projected to be the fastest growing market for methylparaben based products due to increasing demand for skin care, color cosmetics and hair care products. The BRIC (Brazil, Russia, India and China) countries are project to be major market for cosmetics in the coming years. Most of the major international cosmetic manufacturers are focusing on expanding their base in BRIC. Large population, rise in disposable income and availability of international products will contribute to the growth of cosmetic industry in emerging economies such as China and India. Further emerging countries like Argentina, Mexico, Thailand and Turkey will also show incremental growth. Hence, the growth of cosmetic industry is expected to drive the growth of the methylparaben market in the near future. Europe is currently the largest market for methylparaben followed by Asia Pacific, North America and rest of the world.

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There are large numbers of small and medium companies operating in this market especially in Asia Pacific. Some of the manufactures of methylparaben in Asia are Wuhu Huahai Biology Engineering Co. Ltd, Changzhou Elly Chemical Industry Co., Ltd, Gujarat Organics Ltd, Triple Chem, Evergreen Chemical Industry Limited, Dafeng Huaxin Bio-technology Co.,ltd, Prism Intertrade Tanzania Ltd, Xian Meheco, Qingzhou Ailitong Chemicals Technical Co.,Ltd, and HangzhoujianchengtradeCo.,Ltd among others . CellMark USA, LLC, Sea-Land Chemical Co, Charkit Chemical Corporation, BOC Sciences and Santa Cruz Biotechnology Inc among others are the key manufacturers in the U.S. In addition, Sigma-Aldrich Corporation is one of the key suppliers in the global market.

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