Over the forecast period, the worldwide phenoxyethanol market is anticipated to rise as a result of rising demand from the personal care and cosmetics industries. Most cosmetic, home care, and personal care products contain phenoxyethanol as a scent ingredient (color cosmetics, wipes, skin and hair care products, detergents, and cleaners). It contains aromatic qualities that can enhance the fragrance of any skin care product. For instance, the Scientific Committee on Consumer Safety's report, "Opinion on Phenoxyethanol," which was released by the European Commission in 2016, states that 2-phenoxyethanol is used as a fragrance ingredient in all finished consumer product categories on a global basis in amounts between 100 and 1,000 metric tonnes per year.
Global Phenoxyethanol Market was valued at US$ 167.5 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2022 to 2030).
Key Competitors in the Phenoxyethanol Industry:
1. BASF SE
Founded in 1856 is a chemical manufacturing company that include the sectors materials, industrial solution, surface technology, Nutrition and agricultural solutions. Operational in more than 90 countries. Headquarters in Ludwigshafen, DE.
2. Clariant AG
Clariant AG operates as a specialty chemical company worldwide. It operates through three segments: Care Chemicals, Catalysis, Natural Resources. Clariant AG was founded in 1886 and is headquartered in Muttenz, Switzerland. In October, 2022 Clariant acquired BASF’s U.S. Attapulgite business assets for USD 60 million in cash
3. Air Liquide Group (Schulke & Mayr)
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. L'Air Liquide S.A. was incorporated in 1902 and is headquartered in Paris, France. In March 2022, Air Liquide announces that Airgas has completed the acquisition of TA Corporate Holdings, Inc.
4. Ashland Global Holdings Inc.
Ashland Inc. provides additives and specialty ingredients worldwide. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments. Ashland Inc. was founded in 1924 and is headquartered in Wilmington, Delaware.
5. Lonza Group Ltd.
Lonza Group AG, together with its subsidiaries, supplies various products and services for pharmaceutical, biotech, and nutrition markets in Europe and internationally. The company was incorporated in 1897 and is headquartered in Basel, Switzerland. In September, 2022 Lonza, a global development and manufacturing partner to the pharma, biotech and nutrition industries, today announced the completion of the expansion of its Highly Potent API (HPAPI) multipurpose suite in Visp (CH).
6. Penta International Corporation
Founded in 1985, Importers of Gourmet Food & Beverage items such as coffee, tomatoes, juice, oils, balsamic vinegars, cookies and pasta from Italy and honey from Argentina. It has headquarters situated in Edison, New Jersey.
7. Galaxy Surfactants
Galaxy Surfactants Limited manufactures and markets specialty chemicals for personal and home care industries in India and internationally. The company was founded in 1980 and is based in Navi Mumbai, India.
8. Akema Fine Chemicals
Since 1973 Akema Fine Chemicals has been manufacturing raw materials for the cosmetic and pharmaceutical industry, specializing in the production of allantoin, allantoin derivatives and preservatives. It has headquarters situated in Coriano, Italy.
*Definition- The preservative phenoxyethanol is found in many personal care products. Glycol ether or phenol ether are other names for phenoxyethanol.
