Phenoxyethanol Market - Global Industry Size and Trend Till 2027
Phenoxyethanol is also known as glycol ether or phenol ether. In fragrances, perfumes, cleansers, and soaps, phenoxyethanol is used as stabilizer, preservative, or antibacterial in order to prevent products from losing their effectiveness or spoilage. Phenoxyethanol is used as a fixative for cosmetics, perfumes, and soaps. It is also used as preservative in cleaning & furnishing home care products, pharmaceutical products, ink, toner, and colorant products. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2701 Increasing demand for phenoxyethanol from personal care & cosmetics industry is expected to boost growth of the 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. 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. However, adverse effects of phenoxyethanol on human health is expected to act as a major factor hindering growth of the market during the forecast period. The global phenoxyethanol market was valued at US$ 159.0 Mn in 2018, and is expected to register a CAGR of 5.2% in terms of revenue over the forecast period, to reach US$ 248.8 Mn by 2027.