According to the current analysis of Reports and Data, the global Phenoxyethanol Preservatives market was 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 preservatives 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 preservatives 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 preservatives, which is a factor contributing to the high demand for these preservatives from the cosmetics industry.
Top Companies Operating in the Global Phenoxyethanol Preservatives Market:
BASF SE, Galaxy Surfactants Ltd., Schülke Mayr GmbH, Ashland Global Specialty Chemicals Inc., Clariant Corporation, Zhonglan Industry Co., Ltd., ATTS Chemicals LLC., CG Chem. GmbH Co. KG, IBIS Chemie International, and Finetech Industry Ltd.
Get a sample copy of the global Phenoxyethanol Preservatives market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/2480
Further key findings from the report suggest
- As of 2020, phenoxyethanol P5 is the leading type segment of the global phenoxyethanol preservatives 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 preservatives segment has also shown the significant growth trend in 2020 and is expected to maintain the position during the forecast period
- The home personal care application of phenoxyethanol preservatives 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 preservatives market
- The Asia-Pacific region accounted for the most significant market share of 38.4% in 2020. This region is proposed to remain the dominant regional segment with a significant CAGR during 2020-2028. The China country is the fastest-growing economy, which is projected to drive the global phenoxyethanol preservatives market.
- Both North America and Europe regions are forecasted to show significant growth over the coming years
Read full Report Description @ https://www.reportsanddata.com/report-detail/phenoxyethanol-preservatives-market
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Phenoxyethanol Preservatives Market Segmentation
By Product Outlook:
- Phenoxyethanol P5
- Phenoxyethanol P25
By Application Outlook:
- Home and Personal Use
- Pharmaceuticals
- Dyes and Inks
- Others
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2480
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blog: https://www.reportsanddata.com/blogs
