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

Phenoxyethanol MarketSize and Trends

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).

Figure 1. Global Phenoxyethanol Market Value Share (%), By Region, 2021

Market Trends

Rising demand for personal care products is expected to boost the market growth of phenoxyethanol market. Phenoxyethanol is also added as a preservative in personal care products, in order to prevent bacterial attack and is used in aqueous cleaning and stain removing homecare products. Benefits offered by phenoxyethanol in home care, personal care, and cosmetics products are expected to increase demand for phenoxyethanol, thereby driving growth of the market.

Figure 2. Global Phenoxyethanol Market Value Share (%), By Application 2021

Among applications, the home & personal care segment accounted for the largest revenue share of 31.8% in the global phenoxyethanol market in 2021, and is expected to maintain its dominance over the forecast period. Phenoxyethanol is used in home and personal care products. Home and personal care industry is witnessing significant growth worldwide, which in turn is expected to propel growth of the phenoxyethanol market. Additionally, significant growth of the personal care products industry worldwide is expected to increase demand for phenoxyethanol.