Phenoxyethanol Market, by Application (Home & Personal Care, Pharmaceuticals, Dyes & Inks, Paint & Coatings and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jul 2022

Code : CMI2701

Pages :130

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Challenges And Opportunities

Drivers

Increasing demand for phenoxyethanol from personal care & cosmetics industry is expected to boost growth of the global phenoxyethanol market over the forecast period. Phenoxyethanol is largely used as a fragrance component in cosmetics, home care, and personal care products (color cosmetics, wipes, skin and hair care products, detergents, and cleaners). It has aromatic properties that can optimize the scent of any skin product. For instance, according to Scientific Committee on Consumer Safety’s report ‘Opinion On Phenoxyethanol’ published by European Commission in 2016, the volume of 2-phenoxyethanol used as a fragrance ingredient in all finished consumer product categories is in the range of 100-1,000 metric tons annually, worldwide.

Market Restraints

Adverse effects of phenoxyethanol on human health is expected to act as a major factor hindering growth of the market during the forecast period.