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Phenoxyethanol Market |
Glycol ether or phenol ether are other names for phenoxyethanol.
Phenoxyethanol is used as a stabilizer, preservative, or antimicrobial in fragrances, perfumes, cleansers, and soaps to keep items from losing their effectiveness or spoiling.
Cosmetics, fragrances, and soaps all include phenoxyethanol as a fixative.
Cleaning and furnishing items, pharmaceutical products, ink, toner, and colorant products all use it as a preservative.
Over the projected period, rising demand for phenoxyethanol from the personal care and cosmetics industry is expected to propel the phenoxyethanol market forward.
Cosmetics, home care, and personal care products commonly use phenoxyethanol as a scent ingredient (color cosmetics, wipes, skin and hair care products, detergents, and cleaners).
It contains fragrant characteristics that can help any skin product smell better.
For example, the volume of 2-phenoxyethanol used as a fragrance ingredient in all finished consumer product categories is in the range of 100-1,000 metric tonnes annually, according to the Scientific Committee on Consumer Safety's report 'Opinion On Phenoxyethanol' published by the European Commission in 2016.
Phenoxyethanol is also used in aqueous cleaning and stain-removing homecare products as a preservative to prevent the bacterial attack.
The benefits of phenoxyethanol in-home care, personal care, and cosmetics products are likely to boost demand for the chemical, resulting in market growth.
However, the negative effects of phenoxyethanol on human health are projected to be a key stumbling block to market expansion over the projection period.
The global phenoxyethanol market was worth US$ 159.0 million in 2018 and is predicted to grow at a CAGR of 5.2 percent in terms of revenue over the next five years, reaching US$ 248.8 million by 2027.
With a revenue share of 33.1 percent in 2018, Asia Pacific dominated the global phenoxyethanol market, and this dominance is expected to continue over the forecast period.
In a variety of personal care products, phenoxyethanol is utilized as a preservative.
During the forecast period, the worldwide phenoxyethanol market is expected to rise significantly in the Asia Pacific.
This is due to the region's rising disposable income, which is likely to lead to increased spending on personal care and cosmetics.
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