From Globe Newswire: 2024-07-26 07:05:00

The New Zealand Phenoxyethanol Market was valued at $5.87 million in 2024 and is expected to reach $8.66 million by 2031, with a CAGR of 5.8%. It is widely used in personal care products and household cleaners due to its preservative and solvent properties. The market growth is driven by the rise in personal care product demand and awareness about hygiene.

Phenoxyethanol is a popular preservative in personal care products like cosmetics and lotions in New Zealand, helping products last longer. It is effective at low concentrations and prevents microbial growth. The market is expected to grow at a CAGR of 6.23% from 2024 to 2031, fueled by the expanding personal care and pharmaceutical industries.

The home & personal care segment is anticipated to dominate the New Zealand Phenoxyethanol Market, as it is widely used in cosmetics and shampoos. Phenoxyethanol acts as a broad-spectrum preservative, protecting products from degradation. The pharmaceutical segment also contributes to the market growth, as it is used in various formulations to prevent contamination.

Phenoxyethanol is segmented by product type into P5 and P25, and by application type into home & personal care, paints & coatings, dyes & inks, pharmaceuticals, and others. The market is driven by factors like the growing personal care industry and increasing demand for preservatives. North America is expected to lead the market due to established industries in the region.



Read more at Globe Newswire: New Zealand Phenoxyethanol Market to Reach US$ 8.66 Million