According to a new market report published by Lucintel, the future of the phenoxyethanol market looks promising with opportunities in home and personal care, cosmetics, pharmaceuticals, dyes and inks, and others. The global phenoxyethanol market is expected to grow with a CAGR of 5.5% from 2020 to 2025. The major drivers for this market are the growing demand for paraben-free products, rapid urbanization, increasing consumer spending on cosmetic products and rise in disposable income of the working class.
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In this market, phenoxyethanol P5, and phenoxyethanol P25 are the major product types. Lucintel forecasts that phenoxyethanol P5 will remain the largest segment over the forecast period because of high-product preservative with less than 5ppm of phenol content, which is used on a large scale in the cosmetics industry.
Within this market, home and personal care, cosmetics, pharmaceuticals, dyes and inks, and others are the major applications of phenoxyethanol. Home and personal care will remain the largest segment by application type over the forecast period because the customers are becoming increasingly aware of the risks posed by different ingredients used in cosmetic products.
Asia-Pacific is expected to witness the highest growth over the forecast period because of the increasing real income and aggressive marketing strategies adopted by the leading cosmetics manufacturers that is increasing product penetration across the region.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global henoxyethanol market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Phenoxyethanol Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global phenoxyethanol market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Phenoxyethanol P5
Phenoxyethanol P25
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Home and personal care
Cosmetics
Pharmaceuticals
Dyes and inks
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United Kingdom
Germany
France
Italy
Spain
China
Japan
India
Indonesia
South Korea
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.