In 2024, the global phenoxyethanol market was valued at USD 1,742 million. During the forecast period, the Phenoxyethanol market to garner a sluggish CAGR of 3.10%. By 2034, the market is expected to gain a valuation of USD 2,364 million by 2034.
Phenoxyethanol is frequently found in cosmetic goods. It is an oily, sticky liquid with a nice scent. It keeps germs, fungus, and yeast from growing on the items and is safe for skin contact.
As phenoxyethanol is paraben-free and may be used in various personal care goods, including paint additives, skincare, haircare, cosmetics, and pharmaceuticals, it is regarded as one of the greatest personal care additives.
| Attributes | Key Insights |
|---|---|
| Market Size in 2024 | USD 1,742 million |
| Market Value in 2034 | USD 2,364 million |
| Value-based CAGR from 2024 to 2034 | 3.10% |
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The global demand for the phenoxyethanol market was estimated to reach a valuation of USD 1504 million in 2019, according to a report from Future Market Insights (FMI). From 2019 to 2023, the phenoxyethanol market witnessed a CAGR of 3.10%.
Phenoxyethanol is one of the most popular additions used by producers in hygiene products since it is paraben-free and antibacterial. Deodorants, perfumes, and soaps all contain these ingredients.
Phenoxyethanol's antibacterial, antifungal, and antimicrobial qualities, which help to prolong product shelf life, make it a common ingredient in ointments, detergents, and cleansers. Projections indicate that the global phenoxyethanol market is expected to experience a CAGR of 3.10% from 2024 to 2034.
| Historical CAGR (2019 to 2023) | 3.10% |
|---|---|
| Forecasted CAGR (2024 to 2034) | 3.10% |
Principal Consultant
This section will detail the nonsurgical fat reduction markets in key countries, including the United States, Germany, China, Japan, Australia, and New Zealand. The below section will emphasize the reasons that are pushing growth in each of the regions.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 14.80% |
| Germany | 11% |
| China | 12.80% |
| Japan | 4.50% |
| Australia and New Zealand | 3.0% |
The phenoxyethanol market in the United States is predicted to grow with an impressive CAGR of 14.80%. The growth of the market in the country is increasing demand for personal care products, rising disposable income, and growing awareness of skincare and hygiene has contributed to the growth of the phenoxyethanol market.
The presence of a robust personal care industry, including the country's skincare, haircare, cosmetics, and toiletries industry, boosts the market demand. With an increasing focus on clean-label products and natural ingredients, there is growing demand for preservatives like phenoxyethanol, which are safer alternatives to traditional synthetic preservatives.
The phenoxyethanol market in Germany is slated to rise at a healthy CAGR of 11.0%. Preservatives for skincare, haircare, and cosmetic goods are in high demand in Germany's thriving personal care market. Because of its effectiveness against bacteria, yeast, and mold, phenoxyethanol is frequently utilized as a preservative in various formulations, which has helped the industry expand.
Demand for phenoxyethanol in the market has been fueled by regulatory bodies' approval of its usage as a preservative in cosmetics, up to certain concentration limitations, including the European Union (EU) and the German Federal Institute for Risk Assessment (BfR).
Consumers are choosing preservatives with favorable safety profiles more and more as they become more aware of product safety and ingredient transparency, driving the market growth in the country.
Demand for phenoxyethanol in China will likely develop at a CAGR of 12.80% for the forecast period. The main factor propelling the market growth in the country is the presence of the largest and fastest-growing personal care industry.
Because of its broad spectrum of antibacterial qualities, phenoxyethanol is preferred and is a necessary component in many personal care products. Expansion of the pharmaceutical industry also drives the market demand in the country. The phenoxyethanol market in China is growing as a result of novel formulations and applications made possible by ongoing technical improvements.
The phenoxyethanol market in Japan is set to register a CAGR of 4.50%. Japan has strict laws governing the effectiveness and safety of personal hygiene and cosmetic goods.
Regulation agencies, including the Ministry of Health, Labour, and Welfare (MHLW), have approved phenoxyethanol as a preservative within certain concentration limitations. This approval has created a regulatory framework that supports the expansion of the phenoloxyethanol business.
The market has seen growth with the introduction of new cosmetics and personal care products using phenoxyethanol as a preservative, driven by continuous development in formulation technology and product development.
The phenoxyethanol demand in Australia and New Zealand is estimated to rise at a CAGR of 3.0% during the forecast period (2024 to 2034). Increasing Consumer demand in Australia and New Zealand for safe, effective, and environmentally friendly products, driving market growth.
The increasing consumer preferences and trends for natural and sustainable ingredients in personal care and cosmetics products are the key factors driving the significant demand for phenoxyethanol in Australia and New Zealand.
The section below shows the leading segment. The food-grade segment is expected to account for a market share of 35.70% in 2024. Based on form, the powder segment is expected to have a share of 40.50%.
| Category | Market Share |
|---|---|
| Food Grade | 35.70% |
| Powder | 40.50% |
The food-grade segment has come up as a dominant force in the phenoxyethanol market, having a share of 35.7% of the total market in 2024. Due to its broad-spectrum antibacterial activity, phenolethoxyethanol successfully prevents the growth of mold, yeast, and bacteria in food goods.
Phenoxyethanol is a useful ingredient in many food formulations such as sauces, dressing, beverages, and baked products due to its ability of long shelf life and avoid spoiling.
Phenoxyethanol helps keep food like sauces, dressings, drinks, and baked items fresh for longer. The increasing demand of people for ready-to-eat meals and snacks due to their busy schedules, to make sure these foods stay good while they’re being moved and stored, and to help them last longer, people use preservatives like phenoxyethanol.
Based on form, the powder segment is expected to account for a market share of 40.50% in 2024. Compared to its liquid form, powdered phenoxyethanol is usually lighter and more compact, making handling, packaging, and transportation easier.
The advantages for manufacturers and suppliers include lower transportation costs and less logistical difficulties when sending large liquid formulations. Powdered phenoxyethanol also reduces the possibility of spills and leaks during transportation, which enhances operational safety and efficiency.
When phenoxyethanol is powdered instead of liquid, stability is increased. When stored and transported, powdered formulations can tolerate a greater variety of temperature and humidity levels and are less prone to degradation.
This increased stability guarantees that phenoxyethanol's effectiveness will be maintained throughout time, resulting in a longer shelf life and less product waste.
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To meet sustainability norms, industry leaders are introducing new bio-based products. Major developments in the phenoxyethanol market are the production of eco-friendly products and the rise in the use of paraben-free products.
Manufacturers in this sector are working with sustainable enterprises to expand their production capabilities and strengthen their brand's visibility in international marketplaces. Companies are concentrating on research and development initiatives to assess consumer needs and introduce skincare and makeup products in line with those needs.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 1,742 million |
| Projected Market Valuation in 2034 | USD 2,364 million |
| Value-based CAGR 2024 to 2034 | 3.10% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Form, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | DuPont; Dow; BASF SE; Clariant AG; Ashland Global Holdings Inc.; Penta International Corporation; Galaxy Surfactants; Akema Fine Chemicals |
As of 2024, the market for phenoxyethanol is expected to be valued at USD 1742 million.
By 2034, the market value of phenoxyethanol is expected to reach USD 2364 million.
From 2024 to 2034, the phenoxyethanol market is expected to flourish at a CAGR of 3.10%
The powder segment is expected to account for a market share of 40.50% in 2024.
The United States is likely the top-performing market, with a CAGR of 14.80%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Manufacturer
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use Application, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use Application, 2024 to 2034
5.3.1. Feed Grade
5.3.2. Food Grade
5.3.3. Cosmetic Grade
5.3.4. Pharma Grade
5.3.5. Industrial Grade
5.4. Y-o-Y Growth Trend Analysis By End Use Application, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By End Use Application, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2024 to 2034
6.3.1. Powder
6.3.2. Liquid
6.4. Y-o-Y Growth Trend Analysis By Form, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Form, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By End Use Application
8.2.3. By Form
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By End Use Application
8.3.3. By Form
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By End Use Application
9.2.3. By Form
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By End Use Application
9.3.3. By Form
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By End Use Application
10.2.3. By Form
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By End Use Application
10.3.3. By Form
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By End Use Application
11.2.3. By Form
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By End Use Application
11.3.3. By Form
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By End Use Application
12.2.3. By Form
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By End Use Application
12.3.3. By Form
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By End Use Application
13.2.3. By Form
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By End Use Application
13.3.3. By Form
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By End Use Application
14.2.3. By Form
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By End Use Application
14.3.3. By Form
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By End Use Application
15.1.2.2. By Form
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By End Use Application
15.2.2.2. By Form
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By End Use Application
15.3.2.2. By Form
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By End Use Application
15.4.2.2. By Form
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By End Use Application
15.5.2.2. By Form
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By End Use Application
15.6.2.2. By Form
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By End Use Application
15.7.2.2. By Form
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By End Use Application
15.8.2.2. By Form
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By End Use Application
15.9.2.2. By Form
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By End Use Application
15.10.2.2. By Form
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By End Use Application
15.11.2.2. By Form
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By End Use Application
15.12.2.2. By Form
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By End Use Application
15.13.2.2. By Form
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By End Use Application
15.14.2.2. By Form
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By End Use Application
15.15.2.2. By Form
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By End Use Application
15.16.2.2. By Form
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By End Use Application
15.17.2.2. By Form
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By End Use Application
15.18.2.2. By Form
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By End Use Application
15.19.2.2. By Form
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By End Use Application
15.20.2.2. By Form
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By End Use Application
15.21.2.2. By Form
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By End Use Application
15.22.2.2. By Form
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By End Use Application
15.23.2.2. By Form
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By End Use Application
16.3.3. By Form
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. DuPont
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Dow
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. BASF SE
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Clariant AG
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Ashland Global Holdings Inc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Penta International Corporation
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Galaxy Surfactants
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Akema Fine Chemicals
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Phenoxyethanol Market
