According to the current analysis of Reports and Data, the globalPhenoxyethanol Preservatives marketwas valued at USD 143.56 Million in 2021 and is expected to reach USD 225.61 Million by the year 2030, at a CAGR of 5.23%.Phenoxyethanol in Cosmetics prevent any biological activity by conjoining with the bacterial cell wall. As a result, it is highly effective against gram-positive and gram-negative bacteria. These antimicrobial properties against mold formation, bacteria, and yeast are expected to be one of the factors propelling the growth of the global market in the coming years. Phenoxyethanol is used in manufacturing as preservative blends by adding it to other Phenoxyethanol in Cosmetics such as capryl glycol, ethylhexylglycerin, or hexylene glycol. There have been observations that though microorganisms can adapt to any environment, they are unable to adapt to the presence of Phenoxyethanol P5, which is a factor contributing to the high demand for these Phenoxyethanol in Cosmetics from the cosmetics industry.
The Phenoxyethanol in Cosmetics market investigation report assesses the global market for the Phenoxyethanol in Cosmetics industry and provides revenue and capability forecasts for the projected period of 2022-2030. The factors that drive the industry's growth are highlighted in the report. The report divides the Phenoxyethanol in Cosmetics market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
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The global materials chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food beverage industries, buildings construction, automotive, packaging, and manufacturing industries. Other major factors driving the growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
Competitive Landscape:
The report offers precise information about each market player along with global position, business expansion plan, license agreement, research and development investments, and product base expansion plans. The global Phenoxyethanol in Cosmetics market is extremely competitive and comprises of key operating at global and regional levels. Major companies are focusing on developing new strategies like mergers and acquisitions, partnerships, collaborations, and new product launches to maintain their market position as well as enhance their product base.
Top 10 leading companies profiled in the report includeBASF SE, Schlke Mayr GmbH, Symrise AG, Akema Fine Chemicals S.r.l., Dow Dupont Inc., Galaxy Surfactants Ltd., Clariant AG, Ashland Global Holdings Inc., Lonza Group AG, Santa Cruz Biotechnology, Inc., Liaoning Kelong Fine Chemical Co. Ltd., Penta Manufacturing Company, Zhejiang Shengxiao Chemicals Co. Ltd., Thor Personal Care SAS, and Finetech Industry Limited among others
Further key findings from the report suggest
- As of 2020, phenoxyethanol P5 is the leading type segment of the global Phenoxyethanol in Cosmetics This segment is projected to register the fastest growth with the highest CAGR of 5.2% during the forecast period due to its rising preference in cosmetics end-use applications
- The phenoxyethanol P25 type Phenoxyethanol in Cosmetics segment has also shown a significant growth trend in 2020 and is expected to maintain its position during the forecast period
- The home personal care application of Phenoxyethanol in Cosmetics accounted for the most significant market share in of 46.2% in 2020. It is projected to maintain its lead with a significant CAGR during the forecast period
- The pharmaceuticals application segment is the fastest-growing segment, registering the highest CAGR of 6.4% followed by the home personal care segment which held the chief position in the Phenoxyethanol in Cosmetics market
Key Points Illustrated in theRegionalAnalysis:
- Regional contribution to the overall market revenue
- Forecast revenue share of each regional market
- Vital information and data related to the production and consumption rates in all the regions
- Factors driving the regional market growth over the forecast period
- Leading products and application segments in each regional market
- Presence of key market competitors in each of these regions
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Phenoxyethanol in Cosmetics Market Segmentation based on Types:
- Phenoxyethanol P5
- Phenoxyethanol in Cosmetics
Phenoxyethanol in Cosmetics Market Segmentation based on Application:
- Home Personal Care
- Pharmaceuticals
- Dyes Inks
- Others
Phenoxyethanol in Cosmetics Market Segmentation Based on Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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