Phenoxyethanol Preservatives Market Growth Analysis | 2022-2028

Market Insights

The phenoxyethanol preservatives market was estimated at USD 115.19 million in 2021 and is likely to grow at a CAGR of 5.28% during 2022-2028 to reach USD 166.29 million in 2028.

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What is phenoxyethanol preservatives?

Phenoxyethanol Preservatives work as a bactericide and thus, are widely used in a variety of cosmetics and personal care products.

Market Dynamics

Growing per capita income, presence of huge young consumer base and emergence of e-commerce in developing economies are the major factors fueling the demand for home & personal care products, thus in turn, driving the market for phenoxyethanol preservatives during the forecast period.

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Segment Analysis

By Product Type

The market is segmented as phenoxyethanol P5 and phenoxyethanol P25. Phenoxyethanol P5 is projected to witness strong growth rate, owing to its property of being a preservative of superior category with less than 5 ppm of phenol constituent that encourages cosmetic manufacturers to opt for over its substitutes.

By Application Type

The market is segmented as home & personal care, pharmaceuticals, and dyes & inks. The home & personal care application type dominates the market with almost 45% share of the total market. Rising demand for safe and paraben free cosmetics had compelled the cosmetic manufacturers to spend more in R&D activities to develop phenoxyethanol preservative blends having enhanced effectiveness and making them fit for different cosmetic products while adhering to strict norms. These factors are expected to boost the product market growth during the forecast period.

Regional Analysis

Asia-Pacific is estimated to be the leading region in the market, owing to rising product application in home & personal care and pharmaceutical products. In addition, trends such as increasing real income and belligerent marketing strategies taken on by leading cosmetic manufacturers are further expected to underpin the product adoption in the regional market over the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period owing to the presence of leading cosmetics manufacturing companies in countries such as France, Italy, and Germany accompanied with the approval for using phenoxyethanol preservative in limited concentrations by the European Council.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The phenoxyethanol preservatives market is segmented into the following categories:

By Product Type:

• Phenoxyethanol P5
• Phenoxyethanol P25

By Application Type:

• Home & Personal Care
  • Type Analysis: Cosmetics, Perfumes, Detergents, and Ointments
• Pharmaceuticals
• Dyes & Inks

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the phenoxyethanol preservatives market are-

• Akema S.r.l.
• Ashland Global Specialty Chemicals Inc.
• BASF SE
• Clariant AG
• DuPont de Nemours, Inc.
• Galaxy surfactants
• Lonza Group AG
• Schülke & Mayr GmbH
• Symrise AG Continental AG
• Thor Personal Care.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].