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Phenylethyl Market Overview
The Global Phenylethyl Market size is estimated to grow at a CAGR of 5.8% during the forecast period 2022-2027. The phenylethyl are organic compounds that are derived from ethyl benzene. The phenylethyl compounds types such as phenyl ethyl alcohol, phenyl ethyl formate, phenyl ethyl valerate and others have flourishing applications in food preservatives, scent enhancers, cosmetics products, drugs, essential oils and others; thereby the demand is growing for the global phenylethyl industry. The development and rising production of food and beverage items is driving the global phenylethyl market. In addition, the flourishing applicability of phenylethyl in the pharmaceutical sector is propelling the growth in the global phenylethyl market. The covid-19 outbreak resulted in a major hamper for the global phenylethyl market due to restricted demand in major end-use industries, production halt, supply chain disruption and other lockdown regulations. However, a significant recovery in the market is boosting the demand for global phenylethyl for various applications and utilities in food & beverage, personal care and pharmaceuticals, thereby anticipated to boost the global phenylethyl market size during the forecast period.
Phenylethyl Market Report Coverage
The “Phenylethyl Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Global Phenylethyl Market.
By Product Type: Phenyl Ethyl Acetaldehyde, Phenyl Ethyl Alcohol, Phenyl Ethyl Formate, Phenyl Ethyl Acetate, Phenyl Ethyl Propionate, Phenyl Ethyl Methyl Ether, Styrene Oxide, Phenyl Ethyl Methacrylate, Phenyl Acetaldehyde Dimethyl Acetyl, Phenyl Ethyl Isobutyrate and Others
By Application: Fragrances, Disinfectants, Soaps, Cigarettes, Food Flavors, Essential Oils, Nasal Spray and Others
By End-Use Industry: Pharmaceuticals, Cosmetics & Personal Care (Face Care, Body Care and Hair Care), Food & Beverage (Bakery, Non-Alcoholic Drinks, Poultry and Others) and Others
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle-East [Saudi Arabia, UAE, Israel and Rest of the Middle-East] and Africa [South Africa, Nigeria and Rest of Africa])
Key Takeaways
- Asia-Pacific dominates the Global Phenylethyl Market, owing to the growing pharmaceuticals sector and bolstering production of cosmetics & personal care, thereby propelling the growth of phenylethyl in this region.
- The growing food & beverage industry across the world is propelling the demand for the global phenylethyl industry for various applications involving food preservatives, food flavor and others, thereby contributing to the growing global phenylethyl market size.
- The demand for phenyl ethyl alcohol is significantly growing over phenyl ethyl alcohol, phenyl ethyl formate and others, due to the high demand for phenyl ethyl alcohol in pharmaceuticals and cosmetics & personal care sector owing to its superior floral odor and anti-bacterial uses.
- However, the major health risks and hazardous impacts associated with phenylethyl alcohol act as a major challenge for the global phenylethyl industry.
Figure: Asia-Pacific Phenylethyl Market Revenue, 2021-2027 (US$ Million)
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Phenylethyl Market Segment Analysis – by Product Type
The phenyl ethyl alcohol segment held the largest Global Phenylethyl Market share in 2021 and is forecasted to grow at a CAGR of 5.9% during the forecast period 2022-2027. The phenyl ethyl alcohol is found in a variety of essential oils and has robust growth over other types such as phenyl ethyl formate, phenyl ethyl isobutyrate, phenyl ethyl acetaldehyde and other owing to its superior floral odor and superior anti-bacterial features, thereby has growing applications in medical & pharmaceuticals and cosmetics & personal sector. Moreover, the fast-paced growth of phenyl ethyl alcohol for utility in personal care products such as soaps, body lotions and others influences its growth. In addition, robust demand in pharmaceuticals also propels the demand for phenyl ethyl alcohol elements. Thus, with increasing utilities and growth prospects across major end-use industries, the phenyl ethyl alcohol product type segment is anticipated t grow rapidly in the global phenylethyl market during the forecast period.
Phenylethyl Market Segment Analysis – by End-Use Industry
The pharmaceuticals segment held a significant Global Phenylethyl Market share in 2021 and is forecasted to grow at a CAGR of 6.2% during the forecast period 2022-2027. The phenylethyl compounds have significant applications in the pharmaceutical sector for prostate cancer, tumor genesis and others. The pharmaceutical sector is significantly growing owing to growth factors such as growing medical infrastructure, rising chronic health cases and spending on medications and drugs. For instance, according to the Community Oncology Alliance, the global oncology therapeutic medicine sector is expected to reach US$ 200 billion by the year 2022. According to the Government of Canada, Canadian drug sales increased from US$28.3 billion in 2018 to US$29.9 billion in the year 2020. According to the International Trade Administration, the worldwide pharmaceuticals market was estimated to grow from US$ 1 trillion in 2015 to US$1.3 trillion by 2020. With the robust growth in medical and pharmaceuticals production and spending, the applicability of phenylethyl in olfactory medications, disinfectants and others is rising, which, in turn, is projected to bolster the demand and growth for phenylethyl in the pharmaceuticals industry, thereby anticipated to propel major growth in pharmaceuticals industry in the global phenylethyl market during the forecast period.
Phenylethyl Market Segment Analysis – by Geography
Asia-Pacific held the largest Global Phenylethyl Market share in 2021 up to 42% and is forecasted to grow at a CAGR of 6.5% during the forecast period 2022-2027. The fast-paced growth for phenylethyl in Asia-Pacific is influenced by factors such as an established base and bolstering growth of pharmaceuticals and cosmetics & personal care sector in APAC. The pharmaceutical industry is growing rapidly owing to factors such as high spending on drugs, growing healthcare infrastructure and a high rate of chronic health incidents. For instance, according to the International Trade Administration, the Chinese medical devices sector is projected to expand at a CAGR of 6.2% by 2020-2025. According to the India Brand Equity Foundation (IBEF), the Indian pharmaceuticals sector is expected to reach US$65 billion by 2024 and further expand to US$120-130 billion by the year 2030. With the increase in pharmaceuticals growth and medications, the demand for phenylethyl for a wide range of applicability in nasal sprays, medications and others is growing, which, in turn, is anticipated to boost the growth of the phenylethyl industry in the Asia-Pacific region during the forecast period.
Phenylethyl Market Drivers
Bolstering Growth in the Cosmetic & Personal Care Sector:
The phenylethyl has flourishing applications in the cosmetics and personal care sector for preservatives, scent enhancers, soaps, creams and others. The cosmetics & personal care industry is booming owing to growth factors such as high demand for premium and luxury cosmetics, bolstering growth for color cosmetics and lifestyle trends. For instance, according to the India Brand Equity Foundation (IBEF), the beauty and cosmetics sector in India is projected to reach US$20 billion by the year 2025. According to the L’OREAL Annual Report 2021, the worldwide cosmetics market saw a growth of 8.2% in 2021 over the year 2020. According to the International Trade Administration (ITA), the beauty and personal care sector in Thailand is expected to grow to reach US$8.0 billion in 2022 from US$6.2 billion in 2018, marking a projected growth rate of 7.8% from 2019 to 2022. With the increasing demand and growth for cosmetics and personal care products, the applicability of the phenylethyl for preservatives and fragrance enhancers is growing, which, in turn, is boosting and driving the global phenylethyl industry.
Rising Growth from the Food & Beverage Sector:
The Global Phenylethyl has flourishing demand in the food & beverage sector for applications involving flavoring in food and beverages, food preservatives and scent enhancers. The food & beverage industry is rapidly growing owing to growth factors such as growing preference for processed and packaged food and changing food lifestyle trends. For instance, according to the Food and Drink Federation, the food and beverage sector output accounted for US$359 billion in 2021, marking a growth of 4.2% compared to 2020. According to the China Chain Store & Franchise Association, the food & beverage industry in China reached US$595 billion in the year 2019, marking a 7.8% growth over the previous year. With the booming food & beverage sector, the demand for phenylethyl in food flavors and scent enhancers is growing, thereby acting as a driving factor for the global phenylethyl industry.
Phenylethyl Market Challenges
Harmful Effects of Phenyl Ethyl Alcohol:
The phenylethyl alcohol has potent health impacts and is classified as hazardous under Globally Harmonized System on Classification and Labeling (GHS) for acute ingestion, single exposure narcotics effect and irritation. The phenylethyl group is linked with toxicity and creates severe cardiovascular impacts. The high concentration of this element creates major health impacts such as dizziness, respiratory tract problems, skin irritation eye irritation and drowsiness. The ingestion of this compound can lead to digestive tract irritation and mouth irritation. The health threats from the phenyl ethyl alcohol hinder its applicability and demand. Thus, owing to such hazardous impacts, the global phenylethyl market is anticipated to face growth hamper and slowdown.
Phenylethyl Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Global Phenylethyl Market. The top 10 companies in Global Phenylethyl Market are:
- Tokyo Chemical Industrial Co. Ltd.
- Auro Chemicals
- Penta Manufacturing Company
- Becton
- Dickinson and Company
- Harmony Organics Pvt. Ltd.
- Novorate Biotech
- Ungerer & Company
- Kdac Chem Pvt. Ltd.
- BOC Sciences
Recent Development
- In February 2022, Eternis Fine Chemicals announced the acquisition of UK-based Tennants Fine Chemicals, intending to expand the range of aroma chemicals, including phenyl ethyl alcohol; and multi-leverage manufacturing and distribution platforms.
Relevant Reports
Report Code: CMR 0830
Report Code: CMR 0330
Report Code: CMR 89489
For more Chemicals and Materials Market reports, please click here
1. Phenylethyl Market- Market Overview
1.1 Definitions and Scope
2. Phenylethyl Market - Executive Summary
2.1 Key Trends by Product Type
2.2 Key Trends by Application
2.3 Key Trends by End-Use Industry
2.4 Key Trends by Geography
3. Phenylethyl Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Phenylethyl Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Phenylethyl Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Phenylethyl Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Phenylethyl Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Phenylethyl Market – By Product Type (Market size –US$ Million/Billion)
8.1 Phenyl Ethyl Acetaldehyde
8.2 Phenyl Ethyl Alcohol
8.3 Phenyl Ethyl Formate
8.4 Phenyl Ethyl Acetate
8.5 Phenyl Ethyl Propionate
8.6 Phenyl Ethyl Methyl Ether
8.7 Styrene Oxide
8.8 Phenyl Ethyl Methacrylate
8.9 Phenyl Acetaldehyde Dimethyl Acetyl
8.10 Phenyl Ethyl Isobutyrate
8.11 Others
9. Phenylethyl Market – By Application (Market size –US$ Million/Billion)
9.1 Fragrances
9.2 Disinfectants
9.3 Soaps
9.4 Cigarettes
9.5 Food Flavors
9.6 Essential Oils
9.7 Nasal Spray
9.8 Others
10. Phenylethyl Market - By End-Use Industry (Market Size -US$ Million/Billion)
10.1 Pharmaceuticals
10.2 Cosmetics & Personal Care
10.2.1 Face Care
10.2.2 Body Care
10.2.3 Hair Care
10.3 Food & Beverage
10.3.1 Bakery
10.3.2 Non-alcoholic Drinks
10.3.3 Poultry
10.3.4 Others
10.4 Others
11. Phenylethyl Market - By Geography (Market Size -US$ Million/Billion)
11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Netherlands
11.2.6 Spain
11.2.7 Belgium
11.2.8 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zeeland
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Phenylethyl Market – Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Phenylethyl Market – Industry/Competition Segment Analysis Premium
13.1 Company Benchmarking Matrix – Major Companies
13.2 Market Share by Key Country - Major companies
13.3 Market Share by Key Application - Major companies
13.4 Market Share by Key Product Type/Product category - Major companies
14. Phenylethyl Market – Key Company List by Country Premium Premium
15. Phenylethyl Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10 and more
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LIST OF TABLES
1.Global Phenylethyl Market, by Type Market 2019-2024 ($M)2.Global Phenylethyl Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Phenylethyl Market, by Type Market 2019-2024 (Volume/Units)
4.Global Phenylethyl Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Phenylethyl Market, by Type Market 2019-2024 ($M)
6.North America Phenylethyl Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Phenylethyl Market, by Type Market 2019-2024 ($M)
8.South America Phenylethyl Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Phenylethyl Market, by Type Market 2019-2024 ($M)
10.Europe Phenylethyl Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Phenylethyl Market, by Type Market 2019-2024 ($M)
12.APAC Phenylethyl Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Phenylethyl Market, by Type Market 2019-2024 ($M)
14.MENA Phenylethyl Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
LIST OF FIGURES
1.US Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)2.Canada Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
10.UK Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
12.France Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
16.China Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
17.India Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Phenylethyl Industry Market Revenue, 2019-2024 ($M)
21.North America Global Phenylethyl Industry By Application
22.South America Global Phenylethyl Industry By Application
23.Europe Global Phenylethyl Industry By Application
24.APAC Global Phenylethyl Industry By Application
25.MENA Global Phenylethyl Industry By Application