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Propylparaben Market Showcase Impressive Growth of products in personal care & cosmetic industry

Author : Ronak Bora | Published Date : 2019-03-18 

Global Propylparaben Market size is likely to witness a substantial growth in the forecast spell owing to its extensive use as a preservative in cosmetic industry and personal care products. It is a white and odorless powder which occurs in insects and plants naturally.

Rapidly growing production of personal care & cosmetic products in the developing economies of Asia Pacific is likely to drive the future demand for propylparaben market. In 2016, the global cosmetic industry was valued over USD 450 billion and was estimated to grow by over 6% CAGR till the end of 2024. Also, constantly growing end-user industries around the globe such as pharmaceutical and food processing industries are likely to drive demand in the coming years. The propylparaben market is estimated to grow at a higher CAGR in this region compared to the rest of the world in the forecast period.

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The most commonly used parabens in the cosmetic products are butylparaben, propylparaben and methylparaben. Threat of internal substitution within the paraben products can be a hindrance to future growth of global propylparaben market. Moreover, the propylparaben market faces serious threats from the water-based and organic antimicrobial additives as they are eco-friendlier.

The European Scientific Committee on Consumer Products (SCCP), in 2006, stated the maximum usage limit of 0.4% concentration level in cosmetic products. Excessive usage of the product can result in skin irritation, allergies, and hormonal imbalance. This can be a restraint to the growth of propylparaben market.

Due to the low production cost, the product finds its application in a wide range of segments such as personal care products, cosmetics, food, and pharmaceuticals. In personal care, it is used extensively in products such as sunscreens, deodorants, shower gels, conditioners, shampoos and moisturizers. It is also used as an additive in cosmetic products such as foundations, eye shadows, mascaras, and lipsticks. In food, it is used in the preservation of flavoring syrups, processed vegetables, frozen dairy products, pickles, jams, processed fish, soft drinks, desserts, sauces, and beer. The United States Food and Drug Administration is also labeled it generally recognized as safe (GRAS) on humans & animals and hence can be used as a preservative in several drugs that are absorbed by ways of injections and orally. Rising product demand from the end-user industries will positively influence the global propylparaben market growth in coming years.

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Some of the prominent p propylparaben market participants include Hainan Zhongxin Chemical Co., Ltd., Alta Laboratories Ltd., Anhui Leafchem Co., Ltd., Cameo Health Care, Argos international, The Dow Chemical Company, The Good Scents Company, Avantor Performance Materials LLC, Nebula Health Care, Salicylates and Chemicals Pvt. Ltd., Akema Fine Chemicals to name a few.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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