Scienza e Tecnologia
2-Phenylethanol Market to hit USD 370 Million by 2028, Says Global Market Insights Inc.
Natural segment is projected to show a significant CAGR of over 7% during the forecast timeframe. It is owing to growing consumer consciousness towards health and increasing demand for natural ingredients.
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2-phenylethanol market from Laundry & home care segment surpassed USD 45 million in 2021 and is set to register a CAGR of over 5.5% between 2022 and 2028. 2-phenylethanol is used as a preservative and odor agent in soaps owing to its stability in basic conditions. The product offers aromatic essence and disinfectant, antifungal & antibacterial properties due to which it is used in laundry detergents & cleaning products, which will drive product demand from detergent manufacturers.
Additionally, increasing consumer consciousness toward home and personal hygiene especially post the covid-19 should support the market expansion. Moreover, along with growing consumer focus on fragrance in laundry detergents is likely to drive product demand.
https://www.gminsights.com/industry-analysis/2-phenylethanol-market
Europe 2-Phenylethanol market is poised to surpass USD 95 million by 2028 growing at a CAGR of 4.5% throughout the forecast period. Growing consumer inclination toward maintaining the quality of life in the region has led to an increased demand for cosmetics and personal care products, which will accelerate the business landscape. 2-phenylethanol is used in cosmetics as a preservative to inhibit microbial action and enhance the shelf life of cosmetic products.
Consumers strongly believe in hygienic and healthy life owing to which they are inclined toward personal care products. Personal care product formulations are water- & oil-based and are easily susceptible to bacterial growth due to which 2-phenylethanol is used as an antibacterial and anti-fungal agent to inhibit microbial action, in turn, accelerating European industry expansion.
A few prominent companies operating in the 2-phenylethanol market include LyondellBasell Industries N.V., Shandong Xinhua Pharmaceutical Co., Ltd., AACL, Apple Flavor and Fragrance Group Co., Ltd., Eternis Fine Chemicals Ltd., Firmenich SA, KDAC Pvt Ltd., Symrise AG, among others.
https://www.gminsights.com/roc/5063
Global Market Insights Inc., headquartered in Delaware , U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
1-302-846-7766
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sales@gminsights.com
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