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Phenoxyethanol preservatives prevent the biological activity reproduction by conjoining with the bacterial cell wall. As a result, it is highly-effective against gram-positive and gram-negative bacteria. According to Technavio’s market research analysis, the effective antimicrobial properties of phenoxyethanol preservatives against bacteria, yeast, and mold formation will be one of the major factors propelling the growth of the phenoxyethanol preservatives market in the coming years. Owing to its extensive usage capability, phenoxyethanol preservatives are used in manufacturing preservative blends by adding them to other preservatives such as ethylhexylglycerin, capryl glycol, or hexylene glycol. It has been observed that though microorganisms have the ability to adapt to any environment, microorganisms are unable to adapt to phenoxyethanol preservatives. As a result, there is a high demand for these preservatives from the cosmetics industry. Technavio’s market research analysts predict that this market will grow at a CAGR of about 6% by 2021.
Blend-based phenoxyethanol preservatives have various properties such as low toxicity, compatibility with proteins and nonionic compounds, and stability under heat and can act effectively against pseudomonas. They can be used for a wide pH range and are highly suitable for rinse-off and leave-on applications. Moreover, they have effective antifungal properties and can be used in hair care, sun protection, makeup, and skin care products. According to our analysts, the growing application of blend based phenoxyethanol, will be one of the key trends that will stimulate the growth of the phenoxyethanol preservative market during the predicted period.
The phenoxyethanol preservative market is characterized by the presence of a large number of vendors. One of the major players in the phenoxyethanol preservative liquid market BASF is a key vendor in the chemicals, crop protection products, plastics, and oil and gas sectors. The company caters to a large number of end-users including paper, furniture, and automotive industries in about 80 countries. The company produces phenoxyethanol preservatives under the brand name Protectol PE.
Key vendors in this market are -
Other prominent vendors in the market include Akema Fine Chemicals, Ashland, Akzo Nobel, Galaxy Surfactants, Haihang Industry Co, Liaoning Kelong Fine Chemicals, Lonza, Penta Manufacturer, and Santa Cruz Biotechnology.
Phenoxyethanol preservatives are used in the production of personal care and cosmetics such as ointments, detergents, cosmetics, and perfume owing to the approval for its usage as a preservative in many beauty product formulations. The application of phenoxyethanol in skin care will continue in the coming years due to its good toxicology rate, low evaporation rate, low solubility in water, and little-to-no odor. This in turn, will positively influence the growth of the phenoxyethanol preservative market during the forecast period.
The demand for cosmetics is high in countries such as China, Japan, and India. This in turn, will boost the adoption of phenoxyethanol preservatives in APAC in the coming years. The purchase of beauty products is high in Korea due to the rapid urbanization, the rise in disposable income of the working class, and the change in consumer preferences. With the presence of several companies involved in the production of phenoxyethanol preservatives, the market will witness considerable growth in APAC throughout the predicted period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: DECISION FRAMEWORK
PART 08: DRIVERS AND CHALLENGES
PART 09: MARKET TRENDS
PART 10: VENDOR LANDSCAPE
PART 11: VENDOR ANALYSIS
PART 12: APPENDIX
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