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Phenoxyethanol Preservatives Market: Overview

Phenoxyethanol preservatives falls in the classification of mono alkyl ethers which are either obtained naturally from green tea, or is developed after a chemical reaction between through the reaction between 2-Phenol. Phenoxyethanol preservatives are aromatic in nature and possess important valuable properties. These compounds are based on ethylene monophenyl glycol ethers, which are used widely in making of ointments, detergents, cleaners, and cosmetics. Commercially these compounds are known by their trade names which are ethylene glycol monophenyl ether (EGPhE), Dowanol Eph, phenyl cellosolve, and rose ether.

The global phenoxyethanol preservatives market is expected to expand at a 5.9% of robust CAGR during the forecast period from 2014 to 2020. In 2013, the market was evaluated to be of worth US$95.8 mn. This figure is estimated to surge around worth US$143.2 mn by 2024 end.

Pharmaceutical Segment to Lead Market Due to High Demand

Based on volume, in 2013, the global phenoxyethanol preservatives market was dominated by phenoxyethanol P5. The mentioned segment consist of below 5 ppm free phenol content, as a result of which it has more preference in terms of volume since this compound is utilized in several beauty products. The market for phenoxyethanol P5 is foreseen to grow at a substantial pace as far as demand is considered in the forthcoming years.

The global phenoxyethanol preservatives market is categorized based on the applications into dyes and inks, pharmaceuticals, home and personal care, and so on. Among these the pharmaceutical segment is expected to dominate the global phenoxyethanol preservatives market as far as development rate is concerned in the span of coming few years. In 2013, on the basis of volume, the mentioned segment held over 15% phenoxyethanol preservatives market. Moreover, home and personal care is likely to sustain as a key application in the market based on the demand volume in upcoming years.

Popularity of Phenoxyethanol Preservatives in Beauty Products to Help Asia Pacific to Lead Market

In 2013, Asia Pacific led the global phenoxyethanol preservatives market based on rate of demand and produced volume. The mentioned region in 2013, accounted for share of 40% as per the volume. It is likely for Asia Pacific to hold its lead in the phenoxyethanol preservatives market in the upcoming years as well, because of the popularity for phenoxyethanol preservatives in detergents and beauty care products. Asia Pacific is estimated to take the main stage in the global phenoxyethanol preservatives market as per the preservative production.

China was the major user of phenoxyethanol preservatives market since past few years. The rate of development of the phenoxyethanol preservatives market in China has been additionally impelled by the establishment of new development milestones. Then again, Europe is estiamated to experience a moderate rate of development, as the demand for regular preservatives-based beautifying agents is picking up pace, when contrasted with their other competitives. The demand in North America for phenoxyethanol preservatives is likely to remain  temperate in the span of upcoming years, inferable from a developed medical sector.

Major players in the phenoxyethanol preservatives market are The Dow Chemical Company, BASF SE, Galaxy Surfactants Ltd., Symrise, Jinan Haohua Industry Co., Ltd., Jiangsu Jiafeng Chemical Co., Ltd., Haihang Industry Co., Ltd., and Clariant Corporation.

Phenoxyethanol preservatives are a type of mono alkyl ethers, which are formed when ethylene oxide reacts with 2-Phenol. These are also obtained naturally from green tea. Phenoxyethanol preservatives possess an aromatic rose flavor with antibacterial property. Thus, these are widely used in cosmetics, ointments, detergents, and cleaners. Phenoxyethanol preservatives are largely used in home and personal care application industry, as these provide a broad spectrum of antibacterial properties. The market for phenoxyethanol preservatives is expanding at a substantial rate owing to robust growth in cosmetic products coupled with shift towards phenoxyethanol-based blends. Phenoxyethanol is present in leave-on and rinse-off personal care products with maximum concentration of up to 5% w/w. However, the dynamics for cosmetics differ in Japan and the European Union. According to the EU/ASEAN Cosmetics Directive, the maximum allowable concentration of phenoxyethanol preservatives is 1% w/w in Japan and the European Union. In terms of volume, phenoxyethanol P5 held a significant share of the global phenoxyethanol preservatives market in 2013 due to lower free phenol content (less than 5 ppm). Free phenol is considered toxic and impure in finished products. 
This report provides estimate and forecast for the phenoxyethanol preservatives market on the global and regional level. The study provides forecast from 2014 to 2020 based on volume (Kilo Tons) and revenue (US$ Mn).
The study provides a decisive view of the phenoxyethanol preservatives market by bifurcating it into product segments such as phenoxyethanol P5 and phenoxyethanol P25. The report also segments the global phenoxyethanol preservatives market in terms of applications. Application segments include Home and personal care, pharmaceuticals, dyes and inks, and others. Home and personal care segment is further bifurcated into cosmetics, perfumes, detergents, and ointments. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2014 to 2020 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, and Rest of the World (RoW). Segmentation includes demand for individual applications in all the regions.
The report also includes a detailed value chain analysis, which provides a comprehensive view of the market. Value chain analysis offers detailed information about value addition at each stage of the value chain. The report comprises driving and restraining factors for the phenoxyethanol preservatives market, along with their impact on demand during the forecast period. Additionally, the report includes the study of opportunities in the phenoxyethanol preservatives market on the global and regional level. 
The report analyzes Porter’s Five Forces model to gauge the degree of competition in the phenoxyethanol preservatives market. The report comprises a qualitative write-up on market attractiveness analysis, wherein product segments have been analyzed based on their attractiveness. Growth rate, market size, raw material, profit margin, technology, and competition and other factors (such as environmental and legal) have been evaluated in order to derive general attractiveness of the market. 
Secondary research sources that were typically referred to include, but were not limited to annual reports, company websites, broker reports, financial reports, SEC filings, and investor presentations. Other sources such as internal and external proprietary databases, national government documents, statistical databases and market reports, news articles, and webcasts specific to companies operating in the market have also been referred for the report. 
In-depth interviews and discussions with a wide range of key industry participants and opinion leaders were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening the secondary research findings. Primary research further developed the analysis team’s expertise and market understanding.
The report covers a detailed competitive outlook that includes market share and profiles of key participants operating in the global market. Key players profiled in the report include The Dow Chemical Company, BASF SE, BOC Sciences, Finetech Industry Limited, Health Chemicals Co., Ltd., Haihang Industry Co., Ltd., Kraft Chemical Company, Inc., Jinan Haohua Industry Co., Ltd., Procter & Gamble Co. (P&G), Spectrum Chemical Mfg. Corp, Penta Manufacturing Company, LLC, and StruChem Co., Ltd. Company profiles include attributes such as company overview, brand overview, key competitors, financial overview (financial year), business strategies, recent/key developments, and acquisitions.
This report segments the global phenoxyethanol preservatives market as follows:
  • Phenoxyethanol Preservatives Market – Product Segment Analysis
    • Phenoxyethanol P5
    • Phenoxyethanol P25
  • Phenoxyethanol Preservatives Market – Application Analysis
    • Home and personal care
      • Cosmetics
      • Perfumes
      • Detergents
      • Ointments 
    • Pharmaceuticals
    • Dyes and inks
    • Others (Including metalworking fluids, chemical intermediates, jet fuel additives, etc.)
  • Phenoxyethanol Preservatives Market – Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

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Phenoxyethanol Preservatives Market

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