(MENAFN- Zion Market Research) According to the analysis of the by global phenoxyethanol preservatives market by analysts at Zion Market Research, the valuation of the market in 2019 was more than USD 115.5 million and is projected to grow at a CAGR of about 5% from 2020 to 2026. Few of the major players actively participating in the global phenoxyethanol preservatives market consist of Galaxy Surfactants Ltd., BASF SE, Clariant Corporation, Symrise, Jiangsu Jiafeng Chemical Co. Ltd., The Dow Chemical Company, Haihang Industry Co. Ltd., and Jinan Haohua Industry Co. Ltd. Several companies are undertaking different approaches, such as mergers & acquisitions, new product launches, and so on, to set a strong foot in the market. To cite, Dow Microbial Control, in October 2018, has introduced 2 new product lines namely NEOLONE PH and NEOLONE phenoxyethanol blends. These products, according to the firm, are more efficient and safer.
Rising Demand From Cosmetic Products Manufacturers Likely To Boost Market Growth
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The global phenoxyethanol preservatives market is growing at a considerable rate primarily owing to strong demand from makers of cosmetic products for phenoxyethanol preservatives together with the increasing use of phenoxyethanol-based blends. There is a wide usage of phenoxyethanol preservatives in personal care products up to the highest 5% w/w concentration. It is widely utilized in personal and home care products as a result of their antibacterial properties.
There has been a rising trend at present of paying out for discretionary products like eye make-up and color cosmetics on account of a huge count of sales channels for these products and the increasing per capita income. With the rising stipulation for cosmetics at a fast rate, the phenoxyethanol preservatives market is projected to witness a spur during the forecast period. Contrarily, an inclination for organic and plant-based cosmetic products in comparison to synthetic ones is anticipated to hamper the phenoxyethanol preservatives market growth in the near future.
Rising Product Application In Pharmaceutical Products And Home & Personal Care To Boost Asia Pacific Market
In 2018, the phenoxyethanol preservatives market in Asia Pacific generated an income of over USD 39.45 million and is anticipated to witness steady expansion over the period to come. The growth in this region can be attributed to the rising product application in pharmaceutical and home & personal care products. Further, the rising real income and rigorous marketing approaches implemented by prominent cosmetics makers are increasing product penetration throughout the region, thus propelling the market growth. Europe is also projected to witness a considerable rate of growth in the phenoxyethanol market in the near future. Countries such as Italy, Germany, and France have prominent cosmetics manufacturing firms and following the sanction by the European Council for using phenoxyethanol preservative in specified concentrations, it is being utilized by firms such as Unilever and Revlon further driving the market growth.
Browse the full 'Global Phenoxyethanol Preservatives Market - By Applications (Home & Personal Care (Perfumes, Cosmetics, Ointments, And Detergents), Dyes & Inks, Pharmaceuticals, Chemical Intermediates, Jet Fuel Additives, And Metalworking Fluids), By Products (Phenoxyethanol P5 And Phenoxyethanol P25), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 2026. Report at [To enable links contact MENAFN]
The global phenoxyethanol preservatives market is segmented as follows:
By Product
- Phenoxyethanol P5
- Phenoxyethanol P25
By Application
- Home and personal care
- Cosmetics
- Perfumes
- Detergents
- Ointments
- Pharmaceuticals
- Dyes and inks
- Others (Including metalworking fluids, chemical intermediates, jet fuel additives, etc.)
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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