Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 180 Million | USD 300 Million | 6.7% | 2022 |
FrequentlyAsked Questions
Phenoxyethanol is a colourless & oily liquid and is used as a preservative in cosmetic products. Moreover, it also finds application as a stabilizer in soaps & perfumes. Phenoxyethanol is manufactured through a reaction of phenol and ethylene oxide at high temperatures & pressure.
The global phenoxyethanol preservatives market growth over forecast period can be owing to the rapid urbanization, a surge in living standards, and an increase in the per capita expenditure in the developing countries of Latin America and the Asia-Pacific.
According to a study, the global phenoxyethanol preservatives industry size was $180 million in 2022 and is projected to reach $300 million by the end of 2030.
The global phenoxyethanol preservatives market is anticipated to record a CAGR of nearly 6.7% from 2023 to 2030.
European phenoxyethanol preservatives industry is set to register the fastest CAGR over the forecasting timeline subject to an increase in the production of phenoxyethanol preservatives in countries such as Germany, France, and Italy. Reportedly, the European Council has approved the use of the product in restricted proportions in the continent and this will steer the regional industry growth.
The global phenoxyethanol preservatives market is led by players such as Jiangsu Jiafeng Chemical Co. Ltd., The Dow Chemical Company, Haihang Industry Co. Ltd., Galaxy Surfactants Ltd., BASF SE, Clariant Corporation, Symrise, and Jinan Haohua Industry Co. Ltd.
The phenoxyethanol preservatives market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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