2-phenoxyethanol, also known as ethylene glycol phenyl ether, is a colorless organic compound with a special odor. It is slightly soluble in water and easily soluble in organic solvents such as alcohols and ethers. In addition, 2-phenoxyethanol has a lower melting and boiling point, which gives it unique advantages in certain applications.
Overview of Market Development
In the global chemical industry, 2-phenoxyethanol has always been favored by the market due to its unique chemical properties and wide range of applications. From the perspective of market size, the global 2-phenoxyethanol market has maintained a stable growth trend in the past few years. According to our research data, the global market revenue for 2-phenoxyethanol is estimated to be $250 million in 2024, an increase of 5.88% from 2023, and is expected to continue to increase to $331 million by 2029.
Segmented Market Analysis
From the perspective of product types, 2-phenoxyethanol can usually be divided into two categories: pharmaceutical grade and industrial grade, depending on the type. Among them, pharmaceutical grade 2-phenoxyethanol dominates the market. According to data, the global pharmaceutical grade 2-phenoxyethanol segment is expected to have a revenue of 178 millionand a market share of 71.22% in 2024.
From the perspective of downstream applications, the application of 2-phenoxyethanol involves multiple fields such as cosmetics, pharmaceuticals, coatings, and inks. Among them, the cosmetics industry is the largest downstream application market, with an estimated application share of 48.79% in 2024.
Global 2-Phenoxyethanol Market Revenue and Segment Market Share Forecast
Source: www.globalmarketmonitor.com
Analysis of Market Development in Major Regions
From a regional perspective, the global market for 2-phenoxyethanol is dominated by three major regions: North America, Europe, and the Asia Pacific region. Among them, the Asia Pacific region is the largest consumer market. Data shows that the consumption of 2-phenoxyethanol in the Asia Pacific region is expected to reach 28347 tons in 2024, accounting for an estimated 39.89% of the global total consumption.
2-Phenoxyethanol Consumption and Proportion by Region Forecast in 2024
|
Regions
|
Consumption (K Tons)
|
Proportion
|
|
North America
|
16.99
|
23.92%
|
|
Europe
|
17.67
|
24.87%
|
|
Asia Pacific
|
28.35
|
39.89%
|
|
Central & South America
|
4.23
|
5.95%
|
|
Middle East & Africa
|
3.81
|
5.36%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global 2-Phenoxyethanol Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
Chinese