Global Phenoxyethanol Preservatives – Demand from Cosmetics Industry to Boost Growth| Technavio

LONDON–(BUSINESS WIRE)–#Research–The global
phenoxyethanol preservatives market is expected to grow at a
CAGR of more than 6% during the period 2017-2021, according to a new
market research study by Technavio.

The report categorizes global phenoxyethanol preservatives market by
application, which includes personal care and cosmetics,
pharmaceuticals, and dyes and ink. The report also determines the
geographic breakdown of the market in terms of detailed analysis and
impact, which includes key geographies such as APAC, the Americas, and
EMEA.

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Market driver: high demand from the cosmetics manufacturing segment

Cosmetics manufacturers play a significant role in the expansion of the
global phenoxyethanol
preservative market. One of the factors for this growth can be
attributed to the usage of different blends of phenoxyethanol. Usually,
cosmetics production does not take place under sterile conditions, which
leads to the growth of microbes in the absence of preservatives.
Phenoxyethanol is gentle non-irritating preservative that does not
release formaldehyde, which has been found to be a carcinogen.

According to Mohd Shakeel Iqbal, a lead analyst at Technavio for specialty
chemicals research, “Personal care and cosmetics segment is the
key driver that accounted for 42% of the global phenoxyethanol
preservatives market in 2016. Good ability to inhibit microorganisms and
stability in high-temperature conditions are the key reasons behind its
effective use in cosmetics.”

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Market trend: rise in usage of phenoxyethanol as a solvent

There has been a rise in the use of phenoxyethanol as a solvent in inks
and ballpoint pens. Its solvent nature also helps it its usage in the
fragrance-making industry, due to its low evaporation point. Hence,
phenoxyethanol is used as a fixative in perfumes. Phenoxyethanol is also
soluble in water and other polar organic solvents. It can be easily
combined with different formulations. Thus, a wide range of active
ingredients and raw materials use phenoxyethanol as a solvent.

Market challenge: threat of substitute products

Phenoxyethanol
preservative receives competition from Vivisept CVT (also known as
glyceryl undecylenate), chlorphenesin, propylene glycol, and
formaldehyde-releasing preservatives. Consumers are becoming more
inclined toward natural products such as Vivisept CVT. This product is
used as an alternative to phenoxyethanol preservative.

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Key vendors in the market

• BASF
• Clariant
• Symrise
• Air Liquide
• The Dow Chemical Company

The global phenoxyethanol preservative market is characterized by the
presence of a large number of vendors. One of the major players in the
market, BASF produces phenoxyethanol preservative under the brand name,
Protectol PE, a biocidal that can be mainly used as a preservative for
cosmetics and toiletry products. The Dow Chemical Company produces
phenoxyethanol preservative under the product name, NELONE PH 100, a
high-purity, single active preservative based on phenoxyethanol
chemistry.

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