PHENOXYETHANOL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 to 2031)

Phenoxyethanol is an oily and slightly sticky liquid with a faint rose-like smell. It is used as a preservative in various applications in pharmaceuticals, paints & coatings, dyes & inks, insect repellent, aquaculture, and metal working fluids. Phenoxyethanol is also used as an insect repellent or as an anesthetic in fish aquaculture. Aquaculture has the potential to become sustainable solution of fish production to cater to increasing demand for fish and fish products.

For instance, according to the report ‘The State of World Fisheries And Aquaculture’ published by Food and Agricultural Organization (FAO) in 2018, the global apparent consumption of fish increased to around 189 million tons in 2019, from around 159 million tons in 2016, whereas worldwide edible fish consumption in 2030 is projected to be 20% higher than that in 2019. Therefore, increasing demand for fish and fish products is expected to fuel growth of the aquaculture industry, thereby propelling the demand for phenoxyethanol.

 Market Dynamics

Increasing consumer spending on cosmetics and personal care products are upsurging digital engagement activities, and shifting of distribution channels to e-commerce platforms are some of the factors propelling growth of the home & personal care products industry. This scenario is expected to create higher revenues for the phenoxyethanol market over the forecast period.

Among regions, in 2021, Asia Pacific held dominant position in the phenoxyethanol market and contributed revenue share of 33.1% in the global market. This is attributed to significant growth of the cosmetics and personal care industry coupled with the expansion of pharmaceutical industry in the region.

According to India Brand Equity Foundation (IBEF), India cosmetics and personal care market was valued at US$ 9.65 Bn in 2019, and is expected to reach US$ 20.0 Bn by 2025, backed by increasing disposable income of the population and increasing awareness regarding aesthetic appeal. This is expected to propel demand for phenoxyethanol from the cosmetics and personal care industry over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of global phenoxyethanol market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global phenoxyethanol market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include DowDuPont Inc., BASF SE, Clariant AG, Air Liquide Group (Schulke & Mayr), Ashland Global Holdings Inc., Lonza Group Ltd., Penta International Corporation, Galaxy Surfactants, and Akema Fine Chemicals
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global phenoxyethanol market report caters to various stakeholders in this industry including investors, suppliers,  phenoxyethanol service providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global phenoxyethanol market

Detailed Segmentation:

• Global Phenoxyethanol Market, By Application:
  • Home & Personal Care
  • Pharmaceuticals
  • Dyes & Inks
  • Paint & Coatings
  • Others
•  Global Phenoxyethanol Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • DowDuPont Inc
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • BASF SE
  • Clariant AG
  • Air Liquide Group (Schulke & Mayr)
  • Ashland Global Holdings Inc
  • Lonza Group Ltd.
  • Penta International Corporation
  • Galaxy Surfactants
  • Akema Fine Chemicals

“*” marked represents similar segmentation in other categories in the respective section