BASF SE, Clariant International Ltd, Galaxy Surfactants Limited, Dow Chemical Company, and Schülke & Mayr GmbH, among others, are significant players in the global phenoxyethanol market.
The global phenoxyethanol market is expected to grow at a CAGR of about 4.5% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing demand for personal care and cosmetic products.
The growing demand for cosmetics is driving the growth of the phenoxyethanol market. Cosmetic products, including lip and eye makeup, fragrances and deodorants, water-based skin lotions, and nail paint removers, among others, require protection against bacteria growth. Accordingly, the utilisation of phenoxyethanol is growing. The chemical also finds extensive use as a stabiliser in such products.
As various leading companies like DOW are increasingly innovating their personal care segment, the demand for phenoxyethanol in the manufacturing of personal care and cosmetic products is likely to rise. Moreover, the growing preference for paraben-free cosmetics and personal care products is likely to increase the utilisation of phenoxyethanol as an alternative to paraben.
The phenoxyethanol market is also being favoured by the increasing disposable incomes, rapid urbanisation, and changing lifestyles. The demand for phenoxyethanol is also growing in the paints and coatings and medical sectors. With the rising demand for hand disinfectants amid the growing sanitary concerns, the utilisation of phenoxyethanol is growing. It is also used in various pharmaceutical products such as vaccines, antibiotic solutions, as well as eardrop, among others. The rising use of phenoxyethanol in insect repellents, solvents, and anaesthetics in fish aquaculture is expected to positively contribute to the market.
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BASF SE is a German multinational chemical corporation that is the world's biggest chemical manufacturer. The BASF Group has subsidiaries and joint ventures in over 90 countries and runs six integrated production sites while operating 232 additional manufacturing sites. The BASF Group's roughly 110,000 employees strive to help our customers succeed in virtually every industry and every nation on the planet. BASF serves a diverse range of sectors and has clients in over 190 countries. In 2021, its net sales reached EUR 78.6 billion.
Clariant is one of the world's top speciality chemical businesses and contributes to creating value for clients from different sectors by providing creative and sustainable solutions. It covers four sectors, namely, consumer and industrial chemical care, catalysis, natural resources, and polymers and coating. There are 13,374 employees globally in 2021, and it aims to provide consumers with innovative and sustainable solutions.
Galaxy Surfactants is a market leader in surfactants and speciality care Ingredients for the home and personal care industry. It manufactures over 200 items while serving over 1750 clients in over 80 countries. According to the company’s estimates, nine out of ten Indian consumers utilise products containing its surfactants or specialised care products at least once daily.
|Headquarters:||Michigan, United States|
The Dow Chemical Company (TDCC) is a global chemical company based in Midland, Michigan. It is a subsidiary of Dow Inc. The business is one of the world's top three chemical manufacturers. Dow Chemical Company is a producer of polymers, chemicals, and agricultural goods. With 104 manufacturing sites in 31 countries, the company has 35,700 employees and reached sales of about USD 55 billion in 2021. Its products are utilised in various end-use sectors, ranging from packaging to mobility.
Schülke & Mayr GmbH is a market leader in infection prevention, cleanliness, and preservation. It offers more than 300 products such as antiseptics, deodorant ingredients, and disinfectants, among others. Schülke has over 1,000 employees and has a presence in more than 100 countries. With above 15 subsidiaries across the globe, it operates its manufacturing sites in Brazil, Germany, and France.
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