As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The market is being driven by the rising demand for phenoxyethanol P5 and phenoxyethanol P25. The market for phenoxyethanol P5 is accelerating due to the rising demand for cosmetics as it is a premium grade preservative with phenol content less than 5 ppm, making it a favourable choice for cosmetics manufacturers. Since phenoxyethanol P25 is toxic for human consumption, it is mainly preferred in the production of solvents and plasticizers, which are used in architectural and industrial coatings. Due to the rising construction and industrial development activities, the demand for phenoxyethanol preservatives is expected to escalate in the coming years.
The market for phenoxyethanol is being driven by the new innovations within the industry by the major key players such as BASF SE (ETR: BAS) and Clariant International Ltd. In March 2020, Clariant International Ltd launched Velsan® Flex, which is a next-generation preservation booster. It is used in the personal care products, like cosmetics. It ensures antimicrobial protection with the composition of benzoic acid, benzyl alcohol, or phenoxyethanol, for a wide range of cosmetic formulations. The rising demand for enhanced cosmetic products is aiding the market growth for phenoxyethanol. The market has further growth prospects in the forecast period as well due to the growing demand for preservatives across its application sectors.
Market Analysis by Type, Application, and Region:
Key Findings of The Report:
Key Offerings of the Report:
BASF SE, Clariant International Ltd, Galaxy Surfactants Limited, Clariant Ltd, Galaxy Surfactants Limited, Dow Chemical Company, and Schülke & Mayr GmbH, among others, are the key players in the global phenoxyethanol market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.