Phenoxyethanol Preservatives Market- Global Industry Analysis and Trends | 2020
Global Phenoxyethanol Preservatives Market: Snapshot
Phenoxyethanol
preservatives fall into a category of mono alkyl ethers that are
created through the reaction between ethylene oxide reacts and 2-Phenol,
or naturally obtained from green tea. Phenoxyethanol preservatives hold
valuable antibacterial properties and are aromatic. They are
ethylene-based monophenyl glycol ethers. They are largely used in
detergents, ointments, cosmetics, and cleaners. Their commercial trade
names include Dowanol Eph, ethylene glycol monophenyl ether (EGPhE),
rose ether, and phenyl cellosolve.
This
98 page report gives readers a comprehensive overview of the
Phenoxyethanol Preservatives Market. Browse through to unlock the hidden
opportunities in this market @
The
global phenoxyethanol preservatives market is expanding at a
considerable pace thanks to healthy demand for it from the manufacturers
of cosmetic products, along with the growing trend of using blends
based on phenoxyethanol. Phenoxyethanol is also largely used in personal
care products up to a maximum concentration of 5% w/w. In the case of
cosmetics, however, the market dynamics are heavily region dependent
especially due to the regulatory differences in Japan and the E.U. As
per the EU/ASEAN Cosmetics Directive, the most concentration permitted
for phenoxyethanol preservatives is 1% w/w in Japan and the E.U.
The
global phenoxyethanol preservatives market was valued at US$95.8 mn in
2013 and is projected to expand at a steady CAGR of 5.9% within the
forecast period from 2014 to 2020. The market’s value is likely to reach
US$ 143.2 mn by the end of 2020.
APAC Domination Over Phenoxyethanol Preservatives Likely to Continue
In
2013, Asia Pacific led the global phenoxyethanol preservatives market
on the basis of produced volume and demand rate. The region held a share
of over 40% share in 2013 based on volume. It is also very likely for
Asia Pacific to retain its lead in the global phenoxyethanol
preservatives market over the coming years, due to the region’s high
demand for phenoxyethanol preservatives in cosmetics and detergents.
Asia Pacific is expected to take the center stage in the global
phenoxyethanol preservatives market as far as synthetic preservatives
production is concerned.
China
was the top consumer of phenoxyethanol preservatives market over the
recent past. The rate of growth of the phenoxyethanol preservatives
market in China has been further spurred by the installation of new
production capacities. On the other hand, Europe is expected to witness a
very slow rate of growth, as the demand for natural preservatives-based
cosmetics is gaining steam in this region, as compared to their
synthetic counterparts. The demand for phenoxyethanol preservatives in
North America is expected to remain moderate over the coming years,
owing to a matured cosmetic industry.
High Potential for Phenoxyethanol Preservatives in Pharmaceuticals
On
the basis of volume, the global phenoxyethanol preservatives market was
led by phenoxyethanol P5 in 2013. This variant comprises less than 5
ppm free phenol content, thereby gaining a greater volume of preference
as a compound used in numerous cosmetic products. The market for
phenoxyethanol P5 is anticipated to expand at significant rate in terms
of demand over the coming years.
The
global phenoxyethanol preservatives market can be segmented on the
basis of applications, into home and personal care, pharmaceuticals,
dyes and inks, and others. The segment of pharmaceuticals is projected
to lead the global phenoxyethanol preservatives market in terms of
growth rate over the coming years. This segment held more than 15% of
the global phenoxyethanol preservatives market in terms of volume in
2013. Home and personal care is expected to remain the leading
application segment in the market in terms of demand volume for the
coming years.
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Key
players in the phenoxyethanol preservatives market include BASF SE, The
Dow Chemical Company, Galaxy Surfactants Ltd., Jiangsu Jiafeng Chemical
Co., Ltd., Symrise, Jinan Haohua Industry Co., Ltd., Clariant
Corporation, and Haihang Industry Co., Ltd.

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