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 Market 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 Market 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.
According to the US Department of Commerce's 'Personal Care & Cosmetics Products Country Guide: Australia,' Australia's overall personal care and cosmetics market was valued at US$ 3.4 billion in 2015. Furthermore, the survey adds that the average yearly spending on cosmetics in Australia and Japan is US$ 146 and US$ 223 respectively, which is greater than US$ 139. As a result, rising spending on personal care goods is likely to result in strong demand for personal care products, propelling the phenoxyethanol market in the Asia Pacific to new heights.
DowDuPont Inc., BASF SE, Clariant AG, Air Liquide Group (Schulke & Mayr), Ashland Worldwide Holdings Inc., Lonza Group Ltd., Penta International Corporation, Galaxy Surfactants, and Arkema Fine Chemicals are among the major competitors in the global phenoxyethanol market.
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