Global Phenoxyethanol Market Is Estimated To Witness Growth Due To Increasing Demand For Personal Care Products And Rising Applications In Cosmetics, Vaccines And Pharmaceuticals
Phenoxyethanol is a colorless oily liquid that prevents the growth of bacteria and yeasts. It is used as a preservative in cosmetic products. It is so effective against these microorganisms, it prolongs the shelf life of many products. However, some people suffer from contact allergies to phenoxyethanol, which can lead to hives, anaphylaxis, and even death. Phenoxyethanol is not recommended for children under three years of age, owing to potential side effects. Pregnant women should avoid using phenoxyethanol-containing products. It should also be avoided by breastfeeding mothers. As a cosmetics ingredient, phenoxyethanol is approved in concentrations below 1%. Phenoxyethanol has been marketed as safe for sensitive skin, many studies have indicated that phenoxyethanol can cause adverse reactions. Growing product launches is anticipated to propel growth of the global phenoxyethanol market over the forecast period. For instance, in March 2020, Clariant expanded their personal care indus