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Phenoxyethanol Market to Exhibit Grow Steadily

The presence of several large and small scale companies has rendered the global phenoxyethanol market highly competitive. In a recent study, Transparency Market Research (TMR) finds that the vendor landscape in China is highly concentrated. In order
Phenoxyethanol Market to Exhibit Grow
Steadily, Spurred by Increasing Investment
in Scientific Researches
The presence of several large and small scale companies has rendered the global
phenoxyethanol market highly competitive. In a recent study, Transparency Market
Research (TMR) finds that the vendor landscape in China is highly concentrated. In
order to make a cut amidst fierce competition, most companies operating in the China
market are going an extra mile to undertake scientific researches. Through this they are
aiming at better safety and efficiency of their products. Furthermore, they are cautiously
adopting strategies to let customers know about their efforts, in turn gaining traction for
the global phenoxyethanol market.
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In the study TMR profiles some of the leading companies operating in the global
phenoxyethanol market,
BASF SE, The Dow Chemical
Company, Ashland Inc., Procter & Gamble Co. (P&G), and others. Strategies adopted
by these companies are likely to exert significant influence on the overall market.
Increasing Applications Bolsters Scope for Expansion
TMR studies growth trajectory of the market in details. As per the report, the global
phenoxyethanol market will rise at a steady 4.9% CAGR between 2017 and 2025. At
this pace, the market will reach US$260.3 mn by the end of 2025 as against US$170.3
mn in 2016. The increasing use of phenoxyethanol in home care, personal care, paint
additives, industrial coatings, architectural coatings, inks and dyes, and pharmaceuticals
is expected to boost the market over the forecast period. Among this, the homecare
segment held a significant share in the market in 2017. Going forward it is forecast to
exhibit rising demands for phenoxyethanol.
Regionally, Asia Pacific held sway over the global phenoxyethanol market. The rising
demand from China on account of its massive population and rapid economic
development will help the market rise in Asia Pacific.
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Rising Spending on Discretionary Products Fuels demand for Phenoxyethanol
Rising spending by consumers on discretionary items gives the biggest fillip to the
global phenoxyethanol market. Given the scenario, growing disposable incomes will
attract considerable opportunities for the market. Phenoxyethanol is supplanting
formaldehyde donor preservatives in a fast and efficient manner, leading to their
increasing application in personal care products. “Phenoxyethanol has excellent
antimicrobial properties and can act against various microorganisms, which is why their
use in both rinse-off and leave on personal care products has increased,” said a lead
TMR analyst. Furthermore, phenoxyethanol is preferred due to its low sensitization,
which has also earned it approval from around the world. In addition to personal care
products, phenoxyethanol is also used as a solvent in cosmetic ingredients.
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Increasing Use in Cosmetic Industry Boosts Growth Prospects
In the coming years, the market is expected to witness rising demand from the cosmetic
industry. Driven by this, it will exhibit a steady growth worldwide. Phenoxyethanol is also
used as a preservative in cleaners due to its effectiveness against gram-positive and
negative bacteria. Also, its application in active pharmaceutical ingredients has
considerably increased and so has its use to anaesthetize ornamental fish during
transportation. Despite its non-toxic nature, phenoxyethanol is associated with
reproductive disorders, endocrine disruptions, and cancers. This is a key factor
hampering the global phenoxyethanol market.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering factbased solutions to business leaders, consultants, and strategy professionals. Our reports are
single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection
methods along with ability to track more than one million high growth niche products are
aligned with your aims. The detailed and proprietary statistical models used by our analysts
offer insights for making right decision in the shortest span of time. For organizations that
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research is the key to help enterprises reach right decision.
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Transparency Market Research
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