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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Phenoxyethanol Market Outlook
The global phenoxyethanol market attained a value of USD 208.83 million in 2023. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2024-2032 to reach a value of USD 309.94 million by 2032.
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Asia Pacific Presents Significant Growth Opportunities for the Phenoxyethanol Market
The Asia Pacific region is expected to be one of the fastest-growing regions in the phenoxyethanol market, driven by the rising disposable incomes and changing lifestyles. The rising adoption of the product in the pharmaceutical industry in the region is further propelling the growth of the market. The rapidly rising personal care industry is also expected to present lucrative growth opportunities for the phenoxyethanol industry in the Asia Pacific.
Europe and North America are also significant phenoxyethanol markets. The growth of the industry in these regions can be attributed to the rising demand for personal care products due to the improving living standards and increasing focus on aesthetic appearances. The approval of the product from various regulatory authorities like the USFDA has also aided the growth of the industry in Europe and North America.
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Phenoxyethanol: Market Segmentation
Phenoxyethanol is a glycol ether with antibacterial, antiseptic, insect repellant, preservative, and solvent properties. It also acts against pseudomonas aeruginosa strains, even with a 20% serum. Phenoxyethanol is present naturally in green tea and can be used to reduce bacterial growth in cosmetics such as moisturisers, eye shadows, lipsticks, sunscreens, and other products.
On the basis of type, the market is divided into:
- Phenoxyethanol P5
- Phenoxyethanol P25
Based on application, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Cosmetics to Aid the Global Phenoxyethanol Market Growth
The global phenoxyethanol market is driven by the rising demand for cosmetics due to the need for the protection of such beauty products from any bacterial development and to prolong the shelf life of products like lip and eye make-up, perfumes and deodorants, water-based skin lotions, and nail polish removers. The market is further aided by the rise in the adoption rate of phenoxyethanol by sectors, such as paints and coatings, pharmaceuticals, healthcare, soap, and other sectors. Some of the factors, such as product innovation by introducing natural alternatives, is predicted to generate new opportunities for the key players in the forecast period. Other factors, such as the rising disposable income, rapid urbanisation, and changing lifestyles, are also expected to aid the market growth for phenoxyethanol.
However, the market may face challenges owing to the strict government regulations in relation with the use of phenoxyethanol. In addition to this, the fact that phenoxyethanol is a potential allergen, due to which overexposure to the product may cause diarrhea, or vomiting, is also not favourable for the market growth.
Key Industry Players in the Global Phenoxyethanol Market
The report gives a detailed analysis of the following key players in the global phenoxyethanol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BASF SE
- Clariant International Ltd
- Galaxy Surfactants Limited
- Clariant Ltd
- Dow Chemical Company
- Schülke & Mayr GmbH
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global phenoxyethanol market attained a value of nearly USD 208.83 million.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 309.94 million by 2032.
The growing disposable incomes and evolving lifestyles, the rising use of phenoxyethanol in the construction sector, and the surging demand for personal care products are the major factors driving the market.
The increasing approvals of phenoxyethanol by various regulatory bodies like the FDA, the rising demand for cosmetics amid the surging focus on physical appearance, and the growing use of the chemical in diverse end-use sectors, including pharmaceuticals, coatings, and healthcare, among others, are expected to be the key trends augmenting the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of phenoxyethanol in the market are phenoxyethanol P5 and phenoxyethanol P25.
The major applications of phenoxyethanol are personal care, home care, paints and coatings, inks and dyes, and pharmaceutical, among others.
The key players in the phenoxyethanol market include BASF SE, Clariant International Ltd, Galaxy Surfactants Limited, Clariant Ltd, Dow Chemical Company, and Schülke & Mayr GmbH, among others.
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