Global Phenoxyethanol Preservatives Market 2017-2021

This market research study identifies BASF, Clariant, Symrise, Air Liquide, and The Dow Chemical Company as the leading players in the global phenoxyethanol preservatives market. A comprehensive analysis of this market is also presented by application (personal care and cosmetics, pharmaceuticals, dyes and ink, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global phenoxyethanol preservatives market

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.

Competitive landscape and key vendors

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 -

• BASF
• Clariant
• Symrise
• Air Liquide
• The Dow Chemical Company

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.

Segmentation by application and analysis of the phenoxyethanol preservatives market

• Personal care and cosmetics
• Pharmaceuticals
• Dyes and ink

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.

Segmentation by geography and analysis of the phenoxyethanol preservatives market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global phenoxyethanol preservatives market?
• What are the key market trends impacting the growth of the global phenoxyethanol preservatives market?
• What are the challenges to market growth?
• Who are the key vendors in the global phenoxyethanol preservatives market?
• What are the market opportunities and threats faced by the vendors in the global phenoxyethanol preservatives market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global phenoxyethanol preservatives market?

Technavio also offers customization on reports based on specific client requirement.