Published by Coherent Market Insights
Posted on September 15, 2021
Phenoxyethanol is a preservative used widely across the personal care industry in order to combat the Gram-negative bacteria but is weak against molds and yeast. It has massive use in cosmetic products and is classified into phenoxyethanol P25 and phenoxyethanol
P5. Some of the other end-users of the phenoxyethanol preservatives are dyes & inks, home care, metalworking, chemical, aquaculture, and pharmaceuticals.
The global phenoxyethanol preservatives market is projected to surpass US$ 210 million by the end of 2027, in terms of revenue, growing at CAGR of 5.9% during the forecast period (2020 to 2027).
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Drivers
Growing demand for household cleaners such as stain removers, dishwashing liquids, fabric softener, etc. is expected to foster the market growth of phenoxyethanol preservatives. Phenoxyethanol preservatives plays very important role in the liquid detergents and cleaners as it helps in the prevention of spoilage during storage and extends the shelf-life of the cleaners. Thus, high demand for cleaners around the globe is expected to propel the market growth of phenoxyethanol preservatives.
An increasing number of young consumer base along with the growing number of the working women is expected to bolster the demand for cosmetic products. Increasing disposable income and improving lifestyle of the consumers is also playing an important role in the growth of the phenoxyethanol preservatives. Growing domestic production of cosmetic and personal care products is further anticipated to foster the market growth of phenoxyethanol preservatives.
Market Opportunities
Increasing use of phenoxyethanol as an active pharmaceutical ingredient (API) in the pharmaceutical industry for the manufacturing of drugs is expected to offer lucrative opportunities to the market. Phenoxyethanol has antimicrobial properties that help in eliminating the gram-positive and negative bacteria, yeast, and mold effectively. Thus, growth in the pharmaceutical industry is expected to propel the market growth of phenoxyethanol preservatives.
Global Phenoxyethanol Preservatives Market – Impact of Coronavirus (Covid-19) Pandemic
According to Coherent Market Insights’ analysis, the global demand for specialty chemicals declined by over 5% in the month of May 2020 amid COVID-19 crisis. The demand for chemical intermediates used in mining, foundry, and paints industry has shown a major decline in the past few months, however, specialty chemicals utilized in pharmaceutical industry are expected to witness a significant growth in Asia Pacific in the near future. This in turn is expected to foster the growth of the market till 2021.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/4070
Competitive Section
Key players are operating in the global phenoxyethanol preservatives market are BASF SE, BOC Sciences, The Dow Chemical Company, Finetech Industry Limited, Haihang Industry Co., Ltd., Health Chemicals Co., Ltd., Jinan Haohua Industry Co., Ltd., Kraft Chemical Company, Inc., Procter & Gamble Co. (P&G), Penta Manufacturing Company, LLC, Spectrum Chemical Mfg. Corp., and StruChem Co., Ltd.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post What Are Phenoxyethanol Preservatives Market Emerging Players Setting The Stage For The Long Term? appeared first on Gatorledger.
Phenoxyethanol is a preservative used widely across the personal care industry in order to combat the Gram-negative bacteria but is weak against molds and yeast. It has massive use in cosmetic products and is classified into phenoxyethanol P25 and phenoxyethanol
P5. Some of the other end-users of the phenoxyethanol preservatives are dyes & inks, home care, metalworking, chemical, aquaculture, and pharmaceuticals.
The global phenoxyethanol preservatives market is projected to surpass US$ 210 million by the end of 2027, in terms of revenue, growing at CAGR of 5.9% during the forecast period (2020 to 2027).
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/4070
Drivers
Growing demand for household cleaners such as stain removers, dishwashing liquids, fabric softener, etc. is expected to foster the market growth of phenoxyethanol preservatives. Phenoxyethanol preservatives plays very important role in the liquid detergents and cleaners as it helps in the prevention of spoilage during storage and extends the shelf-life of the cleaners. Thus, high demand for cleaners around the globe is expected to propel the market growth of phenoxyethanol preservatives.
An increasing number of young consumer base along with the growing number of the working women is expected to bolster the demand for cosmetic products. Increasing disposable income and improving lifestyle of the consumers is also playing an important role in the growth of the phenoxyethanol preservatives. Growing domestic production of cosmetic and personal care products is further anticipated to foster the market growth of phenoxyethanol preservatives.
Market Opportunities
Increasing use of phenoxyethanol as an active pharmaceutical ingredient (API) in the pharmaceutical industry for the manufacturing of drugs is expected to offer lucrative opportunities to the market. Phenoxyethanol has antimicrobial properties that help in eliminating the gram-positive and negative bacteria, yeast, and mold effectively. Thus, growth in the pharmaceutical industry is expected to propel the market growth of phenoxyethanol preservatives.
Global Phenoxyethanol Preservatives Market – Impact of Coronavirus (Covid-19) Pandemic
According to Coherent Market Insights’ analysis, the global demand for specialty chemicals declined by over 5% in the month of May 2020 amid COVID-19 crisis. The demand for chemical intermediates used in mining, foundry, and paints industry has shown a major decline in the past few months, however, specialty chemicals utilized in pharmaceutical industry are expected to witness a significant growth in Asia Pacific in the near future. This in turn is expected to foster the growth of the market till 2021.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/4070
Competitive Section
Key players are operating in the global phenoxyethanol preservatives market are BASF SE, BOC Sciences, The Dow Chemical Company, Finetech Industry Limited, Haihang Industry Co., Ltd., Health Chemicals Co., Ltd., Jinan Haohua Industry Co., Ltd., Kraft Chemical Company, Inc., Procter & Gamble Co. (P&G), Penta Manufacturing Company, LLC, Spectrum Chemical Mfg. Corp., and StruChem Co., Ltd.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post What Are Phenoxyethanol Preservatives Market Emerging Players Setting The Stage For The Long Term? appeared first on Gatorledger.
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