Propylparaben Market – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global propylparaben market size is estimated to witness significant growth in the next few years, and grow at a CAGR of 6.1% over the forecast period (2019 - 2027).

Market Overview

Propylparaben is a white powder (or colourless crystals) carrying a feeble fragrant odor. The substance is low on toxicity and is tasteless, with pH levels between 6.5 and 7.0. It is usually found in plants and in some insects, and can be synthetically produced for application in personal care products, food, and pharmaceuticals. It is primarily used in water-based products such as cosmetics, shampoos, lotions, and other similar products.

Propylparaben is a member of the paraben family, and is used as an additive and preservative in industries such as personal care, pharmaceutical, and food processing. Cosmetics and food products are susceptible to bacterial and fungal growth if not stored with preservatives. Polyparaben has anti-microbial properties which allows it to effectively inhibit growth of bacteria and fungi even when it is present in low concentration.

Market Dynamics

Due to its range of advantages such as low toxicity, and antifungal and antimicrobial properties, propylparaben finds primary application as a food additive in the food and beverage industry. Parabens inhibit growth of microorganisms and increase a product's shelf life by preventing mold, bacterial and yeast growth. Furthermore, the cost for producing propylparaben is relatively low, which is why it is used on a wide scale in production of personal care products such as shampoos, moisturizes, conditioners, bath soaps, shower gels, sunscreen, and deodorants among others. It is also used extensively in cosmetics such as mascaras, lipsticks, compacts, and eye shadows. Research has found polyparaben to be non-toxic to mammals (including humans) which makes it suitable for production of oral drugs and injections.

Bio monitoring studies and analysis of food products have indicated that levels to which consumers are exposed to paraben chemicals are not toxic and unlikely to have health consequences. However, skin care specialists and dermatologists have cautioned against the chemicals’ ability to cause an excessive amount of estrogen in the body which can lead to internal inflammation. This has led to a decline in the demand for additives containing parabens. Moreover, the European Union banned five paraben based chemicals including benzylparaben, in 2014. Cosmetics containing benzylparaben have been banned in South Asia owing to its ability to unsettle hormonal activities.

Market Outlook

North America is expected to dominate the global propylparaben market owing to the high demand for propylparaben in the region, as well as the presence of key players engaged in manufacturing cosmetics and pharmaceuticals. Asia Pacific is projected to be the second largest market as a result of increasing disposable income and lifestyle changes, with Japan and China emerging as the highest contributors to the market share in Asia Pacific. Demand for parabens is on the decline in Europe, however demand for propylparaben is expected to grow over the forecast period. The rapidly expanding food processing industry in Middle East and Latin America is likely to drive demand for propylparaben in the regions.

Key Players

Some of the key suppliers and manufacturers of polyparaben in the global polyparaben market include Hainan Zhongxin Chemical Co., Ltd, Cameo Health Care, Alta Laboratories Ltd, Argos international, and Anhui Leafchem Co., Ltd.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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