Phenoxyethanol has developed its importance in chemical industry in the recent past. Due to its antimicrobial, germicidal and germistatic properties, it has been used as preservative in pharmaceuticals, lubricant products, and cosmetics.
The global phenoxyethanol market is segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into phenoxyethanol P5, and phenoxyethanol P25. Phenoxyethanol P5 segment is expected to hold higher market share than that of phenoxyethanol P25, owing to rising demand for phenoxyethanol P5 premium grade with free-phenol content lower than 5ppm from cosmetics and daily care products industries. phenoxyethanol P25 segment is also expected to witness high growth owing to rising demand for phenoxyethanol P25 grade for all types of coating applications, and ink and dye industry.
Among the various application segments, Home and personal care (including cosmetics, perfumes, detergents, and ointments), Pharmaceuticals, Dyes and inks, Others (Including metalworking fluids, chemical intermediates, jet fuel additives, etc.). Home and personal care, and pharmaceuticals segments are expected to contribute higher revenue share to the global market.
On the basis of region, the global phenoxyethanol market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific holds major revenue share owing to China being the biggest market for production of phenoxyethanol. North America and Europe markets are estimated to witness moderate growth in terms of revenue due to on-going demand for labelled cosmetics.
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Key players operating in the global phenoxyethanol market are The Dow Chemical Company, BASF SE, Lonza Group Ltd., The Procter & Gamble Company, Clariant AG, Ashland Global Holdings Inc., Galaxy Surfactants Ltd., Akema Fine Chemicals S.r.l., Finetech Industry Limited, and Penta International Corporation