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Cosmetics applications have indeed been cited as one of the chief application arenas for phenoxyethanol preservatives market size over 2019-2024. One of the premium products of phenoxyethanols, i.e., P5 is mainly deployed in cosmetic applications due to its comparatively lesser phenol content, estimated to be less than 5 ppm. Phenoxyethanol P5 preservatives demand, as per reports, is estimated to grow at a CAGR of 5% over 2019-2024.
Rising demand for natural & organic cosmetics ingredients due to increasing awareness among consumers regarding adverse health effects of synthetic chemicals will hinder the . Phenoxyethanol preservative market growth by 2024.
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The global phenoxyethanol preservatives market has been bifurcated into two products namely phenoxyethanol P5 and phenoxyethanol P25. These products are segregated based on the free phenol content in the phenoxyethanol preservatives. In terms of revenue, phenoxyethanol P25 preservatives will witness growth with over 5% CAGR in future. This is owing to its widespread application in home care products such as liquid detergents, fabric detergents and in some cosmetics products as well.
The report basically aims to present an overall analysis of the market and is inclusive of highly thoughtful insights, historical data, experiences, industry-validated data, and projections alongside a given set of theories and methodology. The report depicts the competitive spectrum of the market in detail and also presents an in-depth comprehensive evaluation of the vital industry players.
SWOT analysis of the market has been presented in the report. The phenoxyethanol preservatives market study also explores varied topics such as the regional market scope, products, suitable applications, market size pertaining to the individual product type, revenue and sales with respect to the region, manufacturing chain details, production cost analysis, an analysis of the parameters impacting the business, market size projection, etc.
Europe is also likely to carve a profitable roadmap in the phenoxyethanol preservatives market over the forecast span. Driven by the fierce competitiveness in Europe pharmaceutical industry, the demand for the product is anticipated to rise, thereby sourcing lucrative business opportunities. Globally, phenoxyethanol preservatives industry from pharmaceutical applications is forecast to record a CAGR of 5.5% over 2019-2024.
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