Phenoxyethanol Market Innovations, And Portfolio Extensions Leading To Product Premiumization To Boost Market Growth by DowDuPont Inc., BASF SE, Clariant AG
The Global Phenoxyethanol Market 2032 Industry Report is a professional and in-depth study on the current state of the Phenoxyethanol Market by QMI. The Phenoxyethanol Market is supposed to demonstrate a considerable growth during the forecast period of 2023-2032. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report.
The preservative phenoxyethanol is found in many personal care products. Glycol ether or phenol ether are other names for phenoxyethanol. Phenoxyethanol is used as a stabiliser, preservative, or antibacterial in fragrances, perfumes, cleansers, and soaps to stop goods from going bad or losing their effectiveness. For fixing purposes, phenoxyethanol is added to soaps, perfumes, and cosmetics. Additionally, it serves as a preservative in pharmaceuticals, home care products, ink, toner, and colourant products.
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Impact Factors of Phenoxyethanol Market:
• The market for phenoxyethanol is expected to grow as a result of the cosmetics industry’s ongoing expansion and development.
• Rising living standards, rapid urbanisation, and rising per capita income are predicted to encourage spending on cosmetics and personal care products in the developing economies of Asia Pacific and LAMEA.
• Because it is less toxic and has a wide range of antibacterial activity, phenoxyethanol is frequently used.
Recent Developments of Phenoxyethanol Market:
• International Flavours & Fragrances Inc.’s microbial control business unit was acquired by specialty chemicals company LANXESS in July 2022. (IFF). Through this acquisition, LANXESS expanded its network by two production sites, one each in Institute, West Virginia, and St. Charles, Louisiana, both in the United States. The new company will be incorporated into LANXESS’ business unit for material protection products. In the market for industrial preservatives, the acquisition will strengthen LANXESS’ position.
• A manufacturer of specialty chemicals, Rossari Biotech, announced the acquisition of Tristar Intermediates in July 2021. Through the acquisition, Rossari is able to expand its product line, establish a stronger presence in foreign markets, and gain access to cutting-edge technology. Furthermore, Rossari Biotech will use cutting-edge distillation facilities to occupy Tristar Intermediate’s business areas in preservatives, aroma chemicals, and home and personal care additives.
• With the introduction of next-generation preservation booster Velsan Flex in March 2020, Clariant increases the increasingly constrained options for preservation for both conventional and natural formulations in the personal care industry. The 93% RCI (Renewable Carbon Index) innovation enables a reduction of typical preservative by as much as 50% while still achieving safe antimicrobial protection for cosmetics. It is incredibly adaptable and effective in combination with all preservative types.
Segmentations Covered in the Report:
Detailed segmentation by area (country), business, type, and application are included in the Phenoxyethanol market research analysis. The research offers comprehensive details on new products, regional investments, and market investments. The Phenoxyethanol market research report also monitors emerging technologies and trends. The most recent market dynamics, including motivating and inhibiting factors, as well as business news like mergers and acquisitions and investments, are also included in the study. This analysis of current market trends from 2023 to 2032 is provided for each of the sub-segments.
Market Segmentation:
By Application (Home & Personal Care, Pharmaceuticals, Dyes & Inks, Paint & Coatings, and Others)
Regional Overview:
North America (The US, Canada, and Mexico)
Asia-Pacific (Japan, China, India, South Korea, Indonesia, Australia, Rest of Asia Pacific)
Europe (Germany, UK, Italy, Russia, Spain, The Netherlands France, Rest of Europe)
South America (Brazil, Argentina, Columbia, Rest of South America)
Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East & Africa)
The Key Players in this Market are: DowDuPont Inc., BASF SE, Clariant AG, Air Liquide Group (Schulke & Mayr), Ashland Global Holdings Inc., Lonza Group Ltd., Penta International Corporation, Galaxy Surfactants, and Akema Fine Chemicals.
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Reasons for Buying Phenoxyethanol Market Report:
– This report gives a forward-looking prospect of various factors driving or restraining market growth.
– It renders an in-depth analysis for changing competitive dynamics.
– It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
– It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
– It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Phenoxyethanol Market.
– This report helps the readers understand key product segments and their future.
– From 2015 to 2023, All Recent Developments have been covered in this Report.
The Research study can answer the following Key questions:
- What will be the progress rate of the Phenoxyethanol Market for the conjecture period, 2032?
- What are the prominent factors driving the Phenoxyethanol Market across different regions?
- Who are the major vendors dominating the Phenoxyethanol industry and what are their winning strategies?
- What will be the market scope for the estimated period?
- What are the major trends shaping the expansion of the industry in the coming years?
- What are the challenges faced by the Phenoxyethanol Market?
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