Phenoxyethanol Preservatives Market Size By Product (Phenoxyethanol P5, Phenoxyethanol P25), By Application (Home & Personal Care [Cosmetics, Perfumes, Detergents, Ointments], Pharmaceuticals, Dyes & Inks), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: May 2017 | 120 Pages | Report ID: GMI1601 | Authors: Kiran Pulidindi Report Format: PDF

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Industry Trends

Phenoxyethanol Preservatives Market size was over USD 100 million in 2016 and is estimated to witness growth at a CAGR of 6% over the projected timespan.

U.S. Phenoxyethanol Preservatives Market Size, By Application, 2013 - 2024 (USD Mn)
U.S. Phenoxyethanol Preservatives Market Size, By Application, 2013 - 2024 (USD Mn)

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The increasing disposable income of people has led to the rise in consumption of home & personal care products which is a major driver for the product market. Home & personal care products such as cosmetics, ointments, detergents and perfumes are widely used which will propel the phenoxyethanol preservatives market growth in the forecast period. The widespread trend of using paraben-free compounds and increased public awareness have created a spur in the product market.

Preservation is crucial for finished goods marketers and formulators. Preservatives are largely used to inhibit the growth of microorganisms. Phenoxyethanol has good compatibility with most of the cosmetics which has resulted in an escalated phenoxyethanol preservatives market for the product. The product is stable under extreme conditions.

The growing trend towards the use of non-formaldehyde releasing preservatives has accelerated the growth of the product market. This is also a major driving force that has boosted the product market. The wipes market has witnessed an explosion of innovative products and formulations and is a potential market for the new entrants in the preservatives industry.

However, Food and Drug Administration (FDA) has issued warnings stating that the ingestion of the product can be toxic for infants and can affect the central nervous system. The product can also cause skin irritation, dermatitis and allergic reactions. The regulations in Japan and European Union allow a maximum concentration of 1% w/w for use in cosmetics. These factors can obstruct the phenoxyethanol preservatives market growth.

Phenoxyethanol Preservatives Market, By Product

Phenoxyethanol P5 and phenoxyethanol P25 are the two grades that are widely used in the phenoxyethanol preservatives market. Phenoxyethanol P5 is a premium grade of phenoxyethanol preservatives with free phenol content of less than 5 ppm, making it suitable to be used in cosmetics. Higher free phenol content makes the finished products more toxic and impure, thus, making the P5 grade product a preferred choice. The purity factor of both the grades is 99.5%. Higher free phenol content in phenoxyethanol P25 makes its less suitable for diverse industrial applications.

Phenoxyethanol Preservatives Market, By Application

Phenoxyethanol preservatives are used in home & personal care segment and held the largest market share in 2016 in terms of both volume and revenue. Phenoxyethanol preservatives find a variety of uses in home & personal care products such as detergents, ointments, shampoos, bath gels and perfumes. Phenoxyethanol preservatives are widely used in rinse-off and leave-on personal care products with a permissible concentration up to 5% w/w. It is also used in liquid laundry detergents, stain removers and fabric softeners, firm surface cleaners and surfactants.

Increased use of pharmaceutical and dermatological products such as sunscreens, shampoos, creams, fabric conditioners, antiseptics, spermicidal jellies, etc. has led to the rise of the product market. The product has excellent antimicrobial properties against yeasts, bacteria and mold. It is often combined with other preservatives to form effective blends. Blends of the product are used to broaden the spectrum of activity.

In pharmaceuticals, phenoxyethanol preservatives are used as an allergen and a vaccine preservative. Phenoxyethanol has good anesthetic properties and can act as a mild disinfectant. The pharmaceuticals segment is expected to witness a significant growth with a CAGR of around 7%. 2-Phenoxyethanol is a volatile substance used in the profile of ink. It is used as a solvent in ballpoint ink formulations. The detergent segment of the product market is projected to grow at a remarkable pace.

Phenoxyethanol Preservatives Market, By Region

Phenoxyethanol preservatives market in Europe and Asia Pacific is expected to grow at a robust rate due to the high consumption of cosmetic products. Consumption of cosmetics is high in countries like U.S., Germany, France and U.K., which will drive the demand for the product. In the U.S., the revenue from phenoxyethanol P5 was around USD 12 million in 2016 and is expected to grow at a robust rate due to lower free phenol content. With the growing detergent market, Asia Pacific’s product market is expected to witness a decent growth. The increasing trend of production of synthetic phenoxyethanol preservatives in Asia Pacific will further augment the phenoxyethanol preservatives market growth. Europe is expected to witness a moderate growth in dyes and inks market owing to the hazardous usage of dyes.

Competitive Market Share

The global phenoxyethanol preservatives market is relatively consolidated with the top five companies capturing more than 50% of the market. The key industry players in the phenoxyethanol preservatives market are Schülke & Mayr GmbH, Clariant Corporation, Symrise AG, Akema Fine Chemicals, BASF SE, Akzo Nobel N.V., Dow Chemical Company, Sigma-Aldrich Co. LLC, Galaxy Surfactants Ltd., Jiangsu Tianyin Chemical Industry Co. Ltd., Ashland Inc., Lonza Group, Santa Cruz Biotechnology, Inc., Liaoning Kelong Fine Chemical Co., Ltd., Penta Manufacturing Company, etc.

Phenoxyethanol Preservatives Industry Background

Phenoxyethanol Preservatives Market Segmentation

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Phenoxyethanol is a germicidal glycol ether used with quaternary ammonium complexes. It is also referred as ethylene glycol phenyl ether, 2-Phenoxyethanol, phenoxyethyl alcohol, phenoxetol, etc. Hydroxyethylation of phenol in presence of alkali-metal hydroxides is done for manufacturing the product. It is a colorless liquid that possesses an aromatic odor coupled with antibacterial properties. It can be found naturally in green tea and is manufactured in laboratory for use in cosmetic and pharmaceutical products. It can be used as a preservative in cosmetics, lubricants, pharmaceuticals, etc.

What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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