According to the current analysis of Reports and Data, the global Phenoxyethanol Preservatives market was valued at USD 143.56 Million in 2021 and is expected to reach USD 225.61 Million by the year 2030, at a CAGR of 5.23%. Preservatives prevent any biological activity by conjoining with the bacterial cell wall. As a result, it is highly effective against gram-positive and gram-negative bacteria. These antimicrobial properties against mold formation, bacteria, and yeast are expected to be one of the factors propelling the growth of the global market in the coming years. Phenoxyethanol is used in manufacturing as preservative blends by adding it to other Preservatives such as capryl glycol, ethylhexylglycerin, or hexylene glycol. There have been observations that though microorganisms can adapt to any environment, they are unable to adapt to the presence of Phenoxyethanol P5, which is a factor contributing to the high demand for these Preservatives from the cosmetics industry.
The Preservatives market investigation report assesses the global market for the Preservatives industry and provides revenue and capability forecasts for the projected period of 2022-2030. The factors that drive the industry's growth are highlighted in the report. The report divides the Preservatives market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
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Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil gas, pharmaceutical, pulp paper, personal care cosmetics, food beverage, agriculture, and textile industries is another important parameter for market growth.
The report offers precise information about each market player along with global position, business expansion plan, license agreement, research and development investments, and product base expansion plans. The global Preservatives market is extremely competitive and comprises of key operating at global and regional levels. Major companies are focusing on developing new strategies like mergers and acquisitions, partnerships, collaborations, and new product launches to maintain their market position as well as enhance their product base.
Top 10 leading companies profiled in the report include BASF SE, Schülke Mayr GmbH, Symrise AG, Akema Fine Chemicals S.r.l., Dow Dupont Inc., Galaxy Surfactants Ltd., Clariant AG, Ashland Global Holdings Inc., Lonza Group AG, Santa Cruz Biotechnology, Inc., Liaoning Kelong Fine Chemical Co. Ltd., Penta Manufacturing Company, Zhejiang Shengxiao Chemicals Co. Ltd., Thor Personal Care SAS, and Finetech Industry Limited among others
Further key findings from the report suggest
- As of 2020, phenoxyethanol P5 is the leading type segment of the global Preservatives This segment is projected to register the fastest growth with the highest CAGR of 5.2% during the forecast period due to its rising preference in cosmetics end-use applications
- The phenoxyethanol P25 type Preservatives segment has also shown a significant growth trend in 2020 and is expected to maintain its position during the forecast period
- The home personal care application of Preservatives accounted for the most significant market share in of 46.2% in 2020. It is projected to maintain its lead with a significant CAGR during the forecast period
- The pharmaceuticals application segment is the fastest-growing segment, registering the highest CAGR of 6.4% followed by the home personal care segment which held the chief position in the Preservatives market
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Preservatives Market Segmentation based on Types:
- Phenoxyethanol P5
Preservatives Market Segmentation based on Application:
- Home Personal Care
- Dyes Inks
Preservatives Market Segmentation Based on Regions:
- North America
- Asia Pacific
- Latin America
- Middle East Africa
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