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Propylparaben Market Analysis

  • Report ID: GMI6629
  • Published Date: Sep 2023
  • Report Format: PDF

Propylparaben Market Analysis

Based on function, the propylparaben market is segmented as preservative, emulsifier, topical medications, others. Preservative held a majority industry value of USD 44.9 million in 2022. Propylparaben is valued for its ability to inhibit the progress of microorganisms, including bacteria, mold, and yeast. The demand for effective preservatives is driven by the need to extend product shelf life and maintain product quality.
 

Propylparaben Market Revenue Share (%), By End-use, (2022)

Based on end-use, the propylparaben market is segmented as pharmaceutical, cosmetics and personal care, food, chemical industry, others. Pharmaceutical held a dominant industry share of around 21% in 2022. The cosmetics industry uses propylparaben to extend the shelf life of products like lotions, creams, makeup, and sunscreens, meeting consumer expectations for longer-lasting products.
 

U.S. Propylparaben Market Size, 2020- 2032 (USD Million)

U.S. dominated the North American region with majority propylparaben market share and a revenue of USD 29.9 million in 2022. Consumer expectations for safe and high-quality products drive the demand for effective preservatives like propylparaben. The use of propylparaben helps prevent microbial contamination and ensures product integrity.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Propylparaben market size was valued at USD 120.5 million in 2022 and will reach USD 225.4 million by 2032 due to the growing preference for effective preservatives worldwide.

The preservatives segment recorded USD 44.9 million in 2022 and will witness appreciable growth from 2023-2032 on account of their ability to inhibit the growth of microorganisms, including bacteria, mold, and yeast.

U.S. industry reached USD 29.9 million in revenue in 2022 and is expected to register significant CAGR from 2023-2032 owing to the growing consumer expectations for availability of safe and high-quality products in the region.

Ashland Global Holdings Inc., Akema Fine Chemicals, Salicylates and Chemicals Pvt. Ltd., Zhejiang Shengxiao Chemicals Co., Ltd., Novacyl Group, Chemos GmbH & Co. KG, and Tinci Materials Technology Co., Ltd., are some of the major propylparaben companies worldwide.

Propylparaben Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 137
  • Countries covered: 21
  • Pages: 120
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