Phenoxyethanol preservatives market Top Key Players - Schülke & Mayr GmbH, Clariant Corporation, Symrise AG, Akema Fine Chemicals, BASF SE, Akzo Nobel N.V., Dow Chemical Company, Sigma-Aldrich Co. LLC
The increasing disposable income of people has led to the rise in consumption of home & personal care products which is a major driver for the product market.
(EMAILWIRE.COM, August 09, 2018 ) Phenoxyethanol preservatives market will surpass USD 170 million by 2024 according to this new research report.
Global phenoxyethanol preservatives market will be driven by home & personal care products such as cosmetics, detergents, perfumes and ointments by 2024. The prevalent trend of paraben-free compounds usage will further propel the market in the coming years. The cosmetics segment is expected to have gains up to 6.9% CAGR in the forecast period. The increased consumer spending on product innovations and personal hygiene has fostered the demand of liquid detergents. The price reduction owing to the augmented competition has also intensified the demand for liquid detergents.
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The increasing popularity for using non-formaldehyde discharging preservatives has also boosted growth of the product market. The wipes market has observed a surge of innovative formulations, which acts as a budding market for the new industry participants in preservatives. Advanced technologies and augmented applications in the chemical industry is likely to propel the phenoxyethanol preservatives market
However, the product market might witness several factors hindering its growth in the near future. The product is likely to cause dermatitis, allergic reactions and skin irritation. Food and Drug Administration (FDA) has declared warnings regarding the toxicity associated with the product ingestion by infants. The protocols in European Union and Japan allow product concentration of 1% w/w for use in cosmetics.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1601
International regulatory bodies like Cosmetic Toiletry Fragrance Association-USA, European Economic Community, Japanese Ministry of Health & Welfare, British Pharmacopoeia and U.S. Pharmacopoeia have recognized phenoxyethanol as an operative preservative.
Yet, due to the severe government regulations, the process of approval involved in the phenoxyethanol preservatives can otherwise be expensive and time-consuming. Moreover, the natural preservatives such as tea tree oil, neem seed oil, grapefruit seed extract and others act as substantial alternatives to the product market.
Key market players are: Jiangsu Jiafeng Chemical Co., Ltd., Akema Fine Chemicals, BASF SE, Santa Cruz Biotechnology, Inc., Schülke & Mayr GmbH, Clariant Corporation, Symrise AG, Sigma-Aldrich Co. LLC, Penta Manufacturing Company, Lonza Group, Galaxy Surfactants Ltd., Akzo Nobel N.V., Dow Chemical Company, Liaoning Kelong Fine Chemical Co., Ltd., etc.
Global phenoxyethanol preservatives market will be driven by home & personal care products such as cosmetics, detergents, perfumes and ointments by 2024. The prevalent trend of paraben-free compounds usage will further propel the market in the coming years. The cosmetics segment is expected to have gains up to 6.9% CAGR in the forecast period. The increased consumer spending on product innovations and personal hygiene has fostered the demand of liquid detergents. The price reduction owing to the augmented competition has also intensified the demand for liquid detergents.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1601
The increasing popularity for using non-formaldehyde discharging preservatives has also boosted growth of the product market. The wipes market has observed a surge of innovative formulations, which acts as a budding market for the new industry participants in preservatives. Advanced technologies and augmented applications in the chemical industry is likely to propel the phenoxyethanol preservatives market
However, the product market might witness several factors hindering its growth in the near future. The product is likely to cause dermatitis, allergic reactions and skin irritation. Food and Drug Administration (FDA) has declared warnings regarding the toxicity associated with the product ingestion by infants. The protocols in European Union and Japan allow product concentration of 1% w/w for use in cosmetics.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1601
International regulatory bodies like Cosmetic Toiletry Fragrance Association-USA, European Economic Community, Japanese Ministry of Health & Welfare, British Pharmacopoeia and U.S. Pharmacopoeia have recognized phenoxyethanol as an operative preservative.
Yet, due to the severe government regulations, the process of approval involved in the phenoxyethanol preservatives can otherwise be expensive and time-consuming. Moreover, the natural preservatives such as tea tree oil, neem seed oil, grapefruit seed extract and others act as substantial alternatives to the product market.
Key market players are: Jiangsu Jiafeng Chemical Co., Ltd., Akema Fine Chemicals, BASF SE, Santa Cruz Biotechnology, Inc., Schülke & Mayr GmbH, Clariant Corporation, Symrise AG, Sigma-Aldrich Co. LLC, Penta Manufacturing Company, Lonza Group, Galaxy Surfactants Ltd., Akzo Nobel N.V., Dow Chemical Company, Liaoning Kelong Fine Chemical Co., Ltd., etc.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results