Global Phenoxyethanol Market Size By Product Type, By Application, By Geographic Scope And Forecast
Phenoxyethanol Market Size And Forecast
Phenoxyethanol Market was valued at USD 162.56 Million in 2019 and is projected to reach USD 253.34 Million by 2027, growing at a CAGR of 5.4% from 2020 to 2027.
Global Phenoxyethanol Market Outlook
Increasing demand for cosmetics along with the need to protect cosmetics from bacterial growth and increase their shelf life of products is a major factor expected to drive the growth of the global phenoxyethanol market. Stringent government regulations related to the use of phenoxyethanol are a major factor expected to hamper the growth of the global phenoxyethanol market. In addition, phenoxyethanol is a potential allergen, and overexposure to phenoxyethanol may cause vomiting, diarrhea, which will lead to less adoption of related cosmetic products, thereby challenging the growth of the market.
Global Phenoxyethanol Market Competitive Landscape
The Global Phenoxyethanol Market study report will provide a valuable insight with an emphasis on global market including some of the major players such BASF SE, The Dow Chemical Company, Ashland Global Holdings Inc., Clariant Ltd., and LANXESS AG.
Global Phenoxyethanol Market: Segmentation Analysis
Phenoxyethanol Market is segmented intoProduct Type, Applications and Geography.
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