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
In July 2022, Specialty chemicals company, LANXESS completed the acquisition of the microbial control business unit of the U.S. group International Flavours & Fragrances Inc. (IFF). Through this acquisition, LANXESS added two production sites to its network in St. Charles, Louisiana, and Institute, West Virginia, both in the U.S. The new business will be integrated into the material protection products business unit of LANXESS. The acquisition will strengthens LANXESS position in the industrial preservatives business.
In July 2021, Rossari Biotech, a speciality chemicals manufacturer announced the acquisition of Tristar Intermediates. The acquisition provides Rossari to enhance the product portfolio, and help to provide stronger presence international markets and access to newer technologies. Moreover, Rossari Biotech will occupy Tristar Intermediate’s business spans in preservatives, aroma chemicals, and home and personal care additives with high-tech distillation facilities.
In March 2020, Clariant expands the personal care industry’s increasingly-limited preservation options for both traditional and natural formulations with the launch of next generation preservation booster Velsan Flex. The 93% RCI (Renewable Carbon Index) innovation is highly versatile and effective in combination with all preservative types, enabling a reduction of typical preservative by as much as 50% while still achieving safe antimicrobial protection for cosmetics.