Phenoxyethanol Preservatives Market, Analysis Report & Opportunities, 2017 – 2024.
Higher content of free phenol makes the P25 grade products a less suitable choice for diverse range of industrial application. Besides the free phenol content, both the product grades including phenoxyethanol P25 and phenoxyethanol P5 contains 99.5% purity factor. The P25 grade phenoxyethanol preservatives market is further anticipated to cross USD 30 million by 2024. U.S. is a major consumer of phenoxyethanol P5 grade products, owing to flourishing cosmetics & pharmaceutical industry in the region. The U.S. P5 grade phenoxyethanol preservatives market collected revenue over USD 12 million in 2016 and is anticipated to accomplish lucrative gains over the coming seven years.
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Regionally, U.S. is one region where P5 phenoxyethanol preservatives industry demand is quite high. Being one of the most lucrative growth grounds for the cosmetic and pharmaceutical markets, the United States has been observing an escalated commercialization of P5 grade preservatives lately. As per estimates, U.S. P5 phenoxyethanol preservatives market in 2016, held a valuation of USD 12 million, and taking into account the increasing product demand, it is certain that U.S. industry will accomplish significant gains over the coming seven years.
Europe is also likely to carve a profitable road map in the phenoxyethanol preservatives market over the forecast span. Driven by the fierce competitiveness in Europe pharmaceutical industry, the demand for the product is anticipated to rise, thereby sourcing lucrative business opportunities. Globally, phenoxyethanol preservatives industry from pharmaceutical applications is forecast to record a revenue of USD 30 million by the end of 2024, with a projected annual growth rate of 7% over 2017-2024.
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North America sodium lauryl sulfate market, with U.S. at the helm, covered over 15% of the business share in 2015 and will collect considerable revenue by 2024. The expanding personal care products and detergents sectors will stimulate the industry size.
Shifting trends toward the usage of organic personal care products will also influence the regional SLS market share, and the U.S. is undoubtedly slated to be the major revenue pocket. It has been observed that industry giants prefer to manufacture liquid products rather dry products, due to the high miscibility factor of the former coupled with its cost-effectiveness. On that note, sodium lauryl sulfate industry size from liquid forms was valued at USD 200 million in 2015, and is slated to collect a revenue of more than USD 350 million by the end of 2024. The growth can be attributed to the prominent use of liquid products in personal care and detergents applications.
Phenoxyethanol Preservatives Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
188.8.131.52. Increased product demand in cosmetic industry
184.108.40.206. Replacement of parabens with phenoxyethanol
3.4.2. Industry pitfalls & challenges
220.127.116.11. Expensive and time-consuming approval process for preservatives
18.104.22.168. Use of natural preservatives
3.5. Growth potential analysis
3.6. Regulatory trends
3.7. Porter’s analysis
3.8. Company market share analysis, 2016
3.8.1. Strategy dashboard
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
View a summary and Industry Analysis Report @ https://www.gminsights.com/industry-analysis/phenoxyethanol-preservatives-market
The above-mentioned drivers and factors have allowed the industry players to explore the niche phenoxyethanol preservatives market segments in emerging and the developing economies. The top five manufacturers have captured more than 50% of the overall phenoxyethanol preservatives industry share. The key industry players include Dow Chemical Company, Lonza Group, Symrise AG, Ashland Inc., Akema Fine Chemicals, Santa Cruz Biotechnology, Inc., Schülke & Mayr GmbH, Jiangsu Tianyin Chemical Industry Co. Ltd., Galaxy Surfactants Ltd., Clariant Corporation, Penta Manufacturing Company, BASF SE, Liaoning Kelong Fine Chemical Co., Ltd., and Akzo Nobel N.V.
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