Phenoxyethanol is used as a preservative in various personal care products. Phenoxyethanol is also known as glycol ether or phenol ether. In fragrances, perfumes, cleansers, and soaps, phenoxyethanol is used as stabilizer, preservative, or antibacterial in order to prevent products from losing their effectiveness or spoilage. Phenoxyethanol is used as a fixative for cosmetics, perfumes, and soaps. It is also used as preservative in cleaning & furnishing home care products, pharmaceutical products, ink, toner, and colorant products.
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).
Increasing demand for phenoxyethanol from personal care & cosmetics industry is expected to boost growth of the global phenoxyethanol market over the forecast period. Phenoxyethanol is largely used as a fragrance component in cosmetics, home care, and personal care products (color cosmetics, wipes, skin and hair care products, detergents, and cleaners). It has aromatic properties that can optimize the scent of any skin product. For instance, according to Scientific Committee on Consumer Safety’s report ‘Opinion On Phenoxyethanol’ published by European Commission in 2016, the volume of 2-phenoxyethanol used as a fragrance ingredient in all finished consumer product categories is in the range of 100-1,000 metric tons annually, worldwide.
Among region, Asia Pacific held dominant position in the global phenoxyethanol market with revenue share of 33.1% in 2021, and is projected to maintain its dominance over the forecast period. This is owing to increasing disposable income in the region, which is expected to result in high expenditure on personal care and cosmetics products.
Figure 1. Global Phenoxyethanol Market Value Share (%), By Region, 2021
Adverse effects of phenoxyethanol on human health is expected to act as a major factor hindering growth of the market during the forecast period.
Phenoxyethanol Market Report Coverage
|Base Year:||2021||Market Size in 2021:||US$ 167.5 Mn|
|Historical Data for:||2017 to 2020||Estimated Year:||2022|
|Forecast Period 2022 to 2030 CAGR:||5.9%||Forecast Period:||2022-2030|
|Geographies covered :||
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.
|Restraints & Challenges:||
Rising demand for personal care products is expected to boost the market growth of phenoxyethanol market. Phenoxyethanol is also added as a preservative in personal care products, in order to prevent bacterial attack and is used in aqueous cleaning and stain removing homecare products. Benefits offered by phenoxyethanol in home care, personal care, and cosmetics products are expected to increase demand for phenoxyethanol, thereby driving growth of the market.
Figure 2. Global Phenoxyethanol Market Value Share (%), By Application 2021
Among applications, the home & personal care segment accounted for the largest revenue share of 31.8% in the global phenoxyethanol market in 2021, and is expected to maintain its dominance over the forecast period. Phenoxyethanol is used in home and personal care products. Home and personal care industry is witnessing significant growth worldwide, which in turn is expected to propel growth of the phenoxyethanol market. Additionally, significant growth of the personal care products industry worldwide is expected to increase demand for phenoxyethanol.
Major players operating in the global phenoxyethanol market 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.
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