Global Phenoxyethanol Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Phenoxyethanol Market Overview:

“The global Phenoxyethanol Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Phenoxyethanol is a glycol ether and aromatic alcohol ether with antibacterial, antiseptic, insect repellant, preservative and solvent properties. It is also effective against strains of pseudomonas aeruginosa even in the presence of 20% serum. Phenoxyethanol can be found naturally in green tea, and can be used in cosmetic products such as moisturizer, eye shadow, foundation, sunscreen, etc., to limit bacterial growth.

Constantly increasing demand for cosmetics, along with need to protect cosmetics from bacterial growth and increase their shelf life of products such as lips and eye make-up, water-based skin lotions, perfumes and deodorants, and nail polish removers is a major factor expected to drive growth of the global phenoxyethanol market. In addition, increasing adoption of phenoxyethanol by various industrial verticals such as pharmaceuticals, paints & coatings, soap, healthcare, etc. is also expected to drive growth of this market.

Stringent government regulations related to use of phenoxyethanol is a major factor expected to hamper growth of the global phenoxyethanol market. In addition, phenoxyethanol is a potential allergen, and over exposure to phenoxyethanol may cause vomiting, diarrhea, which will lead to less adoption of related cosmetic products, daily care product, etc., thereby challenging growth of the market.

However, product innovation with addition of natural alternatives is expected to create new opportunities to market players operating in the global phenoxyethanol market over the forecast period.

North America market is expected to dominate in the global phenoxyethanol market with higher market share as compared to other regional markets, and is expected to continue its dominance during the forecast period.

This is attributed to presence of leading phenoxyethanol manufacturers and ever-increasing demand for personal care products in countries in this region, and use of phenoxyethanol in various applications such as ink & dyes, paint additives, etc. Europe market accounts for second-largest revenue share in the global phenoxyethanol market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively.

The market in Asia Pacific is projected to register highest CAGR in terms of revenue, owing to rising demand for home care products and adoption of phenoxyethanol as preservative in pharmaceuticals and dermatology industries in emerging economies.

Global Phenoxyethanol Market Segmentation:

By Product Type:

• Phenoxyethanol P5
• Phenoxyethanol P25

By Application:

• Home and personal care
• Cosmetics
• Perfumes
• Detergents
• Ointments
• Pharmaceuticals
• Dyes and inks
• Others (Including metalworking fluids, chemical intermediates, jet fuel additives, etc.)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa