Global Phenoxyethanol Market | Business Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

 

Global Phenoxyethanol Market is rising as Phenoxyethanol is a colorless, transparent, and greasy liquid used in sunscreens and skin lotions. Ethylene oxide and phenol are combined at high pressures and temperatures to make phenoxyethanol. Phenoxyethanol has a moderate evaporation rate and is water solubilized in the middle.

As a safer alternative to sodium azide, phenoxyethanol is utilized in conjunction with ammonium compounds. Furthermore, neither lead nor copper reacts with phenoxyethanol. It's used in a range of products, including vaccines, cosmetics, and pharmaceuticals, as a preservative.

Phenoxyethanol is required to extend the shelf life of cosmetics and personal care products. Phenoxyethanol can also be used as a substitute for harmful formaldehyde-releasing preservatives. Phenoxyethanol, a preservative, is effective against both gram-positive and gram-negative bacteria, as well as yeast.

Phenoxyethanol is also employed as a fixative in perfumes, as well as a solvent for inks, resins, dyes, medicines, and organic synthesis. In addition, phenoxyethanol can be utilized as an anesthetic in fish farming. In the United States, the European Union, and Japan, phenoxyethanol is listed as an ingredient in vaccinations.

The cosmetics industry's continuing expansion and growth is predicted to boost phenoxyethanol use. In growing economies in the Asia Pacific and Latin America, rising standards of living, rapid urbanization, and rising per capita income are predicted to stimulate spending on cosmetics and personal care items.

Phenoxyethanol is widely used because it is less toxic and has a broad spectrum of antibacterial activity. The FDA has given them permission to be used in the cosmetics business. However, the availability of substitutes and government regulations may limit the market's expansion. Cosmetics preservatives' future is predicted to be influenced by regulatory issues and customer perceptions.

Due to the rising demand for cosmetics and personal care products, Asia Pacific is predicted to be the fastest expanding Phenoxyethanol Market. Because of their existing cosmetics industries, India and China are likely to be the main users of phenoxyethanol.

Other notable phenoxyethanol consumers in the Asia Pacific include the Republic of Korea, Japan, Taiwan, Malaysia, and Indonesia. In addition, Latin America's and the Middle East's growing economies are predicted to grow modestly. Europe and North America are mature markets with moderate to high growth prospects.