Global Phenoxyethanol Market to be Driven by the Rising Demand for Cosmetics in the Forecast Period of 2020-2025

[Steven Luke]

The new report by Expert Market Research titled, ‘Global Phenoxyethanol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global phenoxyethanol market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): USD 183 million
• Forecast CAGR (2020-2025): 4.5%
• Forecast Market Size (2025): USD 238 million

The global phenoxyethanol market is expected to exhibit a growth driven by the rising demand for cosmetics. Phenoxyethanol finds widespread applications in various industries, including paints and coatings, pharmaceuticals, healthcare, and soap. This, in turn, has propelled the global phenoxyethanol market growth. Widespread technological advancements and product innovations in the sector are expected to drive the market forward. Moreover, the rising disposable incomes, rapid urbanisation, and changing lifestyles are expected to drive the market forward.

Industry Definition and Major Segments

Phenoxyethanol is a germicidal, and aromatic alcohol often used together with quaternary ammonium compounds. The antibacterial, antiseptic, insect repellent, preservative, and solvent properties of phenoxyethanol make it a chemical of immense use. It is found naturally in green tea.

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By product type, the market is divided into:

• Phenoxyethanol P5
• Phenoxyethanol P25

The market on the basis of application can be divided into:

• Personal Care
o Hair Care
o Face and Body Care
o Hygiene Products
o Perfumes
o Cosmetics
o Others
• Home Care
• Paints and Coatings
• Inks and Dyes
• Pharmaceutical
• Others

The personal and home care segment accounts for the majority market share.

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On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

The Asia Pacific is the leading regional market for phenoxyethanol.

Market Trends

The phenoxyethanol market is expected to witness a growth, supported by the rising adoption of the product in various end use industries. The industry is being further driven by the product’s rising acceptance in the cosmetics and personal care sector. The favourable characteristics of phenoxyethanol as an antiseptic, insect repellent, preservative, and solvent have helped the product find a place in the global market. The Asia Pacific leads the market, owing to the rising disposable incomes and changing lifestyles. North America is slowly emerging as a major region for the product, driven by the rising demand for personal care products in the region. Moreover, regulatory approvals from authorities like the USFDA are expected to drive the market forward.

Key Market Players

The major players in the market are BASF SE (OTCMKTS: BASFY), Clariant International Ltd, Galaxy Surfactants Limited (NSE: GALAXYSURF), Clariant Ltd (OTCMKTS: CLZNY), Dow Chemical Company (Dow Chemical Company) (BVMF: C1TV34), and Schülke & Mayr GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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