Global Phenoxyethanol Market to Grow at 4.9% CAGR through 2025 and Surpass US$ 260 Mn

A new detailed study titled “Phenoxyethanol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global phenoxyethanol market is likely to increase at 4.9% CAGR through 2025, and surpass a valuation of over US$ 260 Mn by the end of the forecast period.

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The report offers a detailed analysis on the global phenoxyethanol market, highlighting the key dynamics at play in this landscape. An assessment on the leading drivers, restraints, opportunities, and trends has been included for the perusal of readers. According to the report, demand for phenoxyethanol is likely to witness steady increase on account of growing spending on color cosmetics, eye makeup, and gloss. Growing demand from cosmetic and pharmaceutical industries is likely to promote the growth of the market during the assessment period.

The report segments the global phenoxyethanol market into application type, product type and region. The application type segment is further sub-segmented into cosmetics, perfumes, hygiene products, face & body care, hair care and others. The product type segment is further bifurcated into Phenoxyethanol P25 and Phenoxyethanol P5. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

According to the report, Asia Pacific is likely to remain the largest market for phenoxyethanol owing to high demand for cosmetics and perfumes in the region. The region is home to many manufacturing companies, and remains a prominent market for both production of these products. In addition to high demand for cosmetics and perfumes, the demand for phenoxyethanol in the region is likely to grow on account of rising demand for home care applications.

In addition to Asia Pacific, North America is another lucrative market for phenoxyethanol, however, owing to the stringent regulations, the end price of the product is higher. The report expects the market in North America to grow at a steady pace during the assessment period.

The report profiles some of the leading players operating in the market. Some of these players are BASF SE, Clariant International Ltd., The Dow Chemical Company, Ashland Inc., Procter & Gamble Co. (P&G), Lonza, Galaxy Surfactants, Akema Fine Chemicals, Schülke & Mayr GmbH, Finetech Industry Limited, Troy Corporation and Penta Manufacturing Company.

Browse Full Global Phenoxyethanol Market Report with TOC : https://www.mrrse.com/phenoxyethanol-market

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