Over the forecast period, the worldwide phenoxyethanol market is anticipated to rise as a result of rising demand from the personal care and cosmetics industries. Most cosmetic, home care, and personal care products contain phenoxyethanol as a scent ingredient (color cosmetics, wipes, skin and hair care products, detergents, and cleaners). It contains aromatic qualities that can enhance the fragrance of any skin care product. For instance, the Scientific Committee on Consumer Safety's report, "Opinion on Phenoxyethanol," which was released by the European Commission in 2016, states that 2-phenoxyethanol is used as a fragrance ingredient in all finished consumer product categories on a global basis in amounts between 100 and 1,000 metric tonnes per year.
Global Phenoxyethanol Market was valued at US$ 167.5 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2022 to 2030).
Key Competitors in the Phenoxyethanol Industry:
BASF SE
Founded in 1856 is a chemical manufacturing company that include the sectors materials, industrial solution, surface technology, Nutrition and agricultural solutions. Operational in more than 90 countries. Headquarters in Ludwigshafen, DE.
Clariant AG
Clariant AG operates as a specialty chemical company worldwide. It operates through three segments: Care Chemicals, Catalysis, Natural Resources. Clariant AG was founded in 1886 and is headquartered in Muttenz, Switzerland. In October, 2022 Clariant acquired BASF’s U.S. Attapulgite business assets for USD 60 million in cash
Air Liquide Group (Schulke & Mayr)
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. L'Air Liquide S.A. was incorporated in 1902 and is headquartered in Paris, France. In March 2022, Air Liquide announces that Airgas has completed the acquisition of TA Corporate Holdings, Inc.