2-Phenoxyethanol Market to Witness Rise in Revenues By 2033

The Global 2-Phenoxyethanol Market is expected to reach USD XX million by 2030, registering a CAGR of XX% during the forecast period. Due to the high popularity of this product/service in North America and Asia, the growth trend of 2-Phenoxyethanol in recent years and the growth of consumers' demand is expected to drive the global 2-Phenoxyethanol Market.

Regional Research Reports recently published this report by considering the new market trends and analyzing the maximum untapped opportunities one company can cater to in the coming years. This market research study elaborates the market size, share, growth, market characteristics, competitor pricing, company share, market trends, and opportunities in the 2-Phenoxyethanol industry, and breaks down according to the type, application, and consumption area of 2-Phenoxyethanol. The report also conducted a Porter's five forces analysis, PESTEL analysis, SWOT analysis, regulatory landscape, and prominent buyers of the industry to study the main influencing factors and entry barriers of the industry.

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This report contains market size and forecasts of 2-Phenoxyethanol in global, including the following market information:

• Global 2-Phenoxyethanol Market Revenue, 2018-2021, 2022-2030, (US$ Millions)
• Global top five 2-Phenoxyethanol companies in 2021 (%)

In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for 2-Phenoxyethanol in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19. Additionally, the chapters 8-12 are specifically including the COVID-19 impact on each regional economy mentioned in the research study.

Regional Research Reports has surveyed the 2-Phenoxyethanol manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global 2-Phenoxyethanol Market, By Type, 2018-2021, 2022-2030 (US$ Millions)

Global 2-Phenoxyethanol Market Segment Percentages, By Type, 2021 (%)

• Cosmetic Grade
• Pharmaceutical Grade

Global 2-Phenoxyethanol Market, By Application, 2018-2021, 2022-2030 (US$ Millions)

Global 2-Phenoxyethanol Market Segment Percentages, By Application, 2021 (%)

• Cosmetics
• Pharmaceuticals
• Others

Global 2-Phenoxyethanol Market, By Region and Country, 2018-2021, 2022-2030 (US$ Millions)

Global 2-Phenoxyethanol Market Segment Percentages, By Region and Country, 2021 (%)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
• Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

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Competitor Analysis

The report also provides an analysis of leading market participants, including:

• Key companies 2-Phenoxyethanol revenues in global market, 2018-2021 (Estimated), (US$ Millions)
• Key companies 2-Phenoxyethanol revenues share in global market, 2021 (%)
• Key companies 2-Phenoxyethanol sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market; key players include:

• BASF
• DOW
• Ashland
• Clariant
• Lanxess
• Schulke & Mayr GmbH
• Zhejiang Sheng Xiao Chemicals

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Applications of 2-Phenoxyethanol

1. Preservative in Cosmetics and Personal Care Products: 2-Phenoxyethanol is used extensively as a preservative in cosmetic formulations to prevent microbial growth and extend shelf life. It is often found in products like:

• Lotions and creams
• Shampoos and conditioners
• Deodorants
• Make-up and sunscreens

2. Pharmaceutical Uses: In pharmaceuticals, 2-Phenoxyethanol serves as a stabilizer and preservative in topical and parenteral medications. It prevents the contamination of products by bacteria and fungi, ensuring product safety.

3. Industrial Applications:

• Paints and coatings: Used as a solvent and stabilizer in emulsions.
• Inks: It helps in maintaining the fluidity of printing inks.
• Cleaning agents: As a solvent, it enhances the effectiveness of detergents and disinfectants.

Safety and Regulatory Status

1. Safety Concerns: While 2-Phenoxyethanol is considered generally safe in low concentrations, it can cause skin and eye irritation in higher concentrations or with prolonged exposure. In cosmetics, it is typically used in concentrations of up to 1% to ensure consumer safety.

2. Regulatory Guidelines:

• European Union: In the EU, 2-Phenoxyethanol is permitted in cosmetic formulations in concentrations of up to 1%.
• United States (FDA): The FDA lists 2-Phenoxyethanol as a safe ingredient in personal care products, though it should be used within specified limits.
• Japan: In Japan, it is also allowed in cosmetics within similar concentration limits.

Environmental and Health Impact

• Toxicity: 2-Phenoxyethanol has low acute toxicity, but ingestion or inhalation of large amounts can lead to central nervous system depression and nausea. For this reason, safety precautions are necessary in industrial settings.
• Biodegradability: It is biodegradable under aerobic conditions, and hence, it poses a lower environmental risk compared to some other preservatives.

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Research Trends and Developments

1. Increased Demand in Natural Cosmetics: There has been ongoing research into alternative, natural preservatives for the cosmetics industry, but 2-Phenoxyethanol remains a preferred option for many companies due to its efficacy and safety profile in small concentrations.

2. Biodegradation Studies: Researchers continue to explore the environmental fate of 2-Phenoxyethanol, particularly its breakdown in various ecosystems and its potential impact on aquatic life.

3. Hybrid Preservation Systems: Recent research has investigated the use of 2-Phenoxyethanol in combination with other natural preservatives, which may reduce the overall concentration of synthetic ingredients in formulations.

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