Published on : Feb 05, 2018
Albany, New York, February 5, 2018: The global 2-phenylethanol market is projected to grow at a sluggish CAGR of 2.6% during the assessment period 2017-2022. Subdued demand from end-use applications such as cosmetics, and food & beverages is likely to stymie the growth of the market during the assessment period. These insights are from a research report added to the comprehensive database of Market Research Hub (MRH). The report titled “Global 2-Phenylethanol Market Outlook 2017-2022” is a comprehensive source of information and analysis, and provides key insights on the key factors at play in the global market.
According to the report, the demand for 2-phenylethanol is declining steadily, as a number of end-use industries are shifting to safer and affordable compounds. The cosmetic industry has been one of the leading demand generators for 2-phenylethanol, however, owing to availability of credible alternatives, demand has witnessed a decline in the recent past. The report projects that reduction in demand from the cosmetic industry can hurt the interests of manufacturers during the assessment period. In addition to waning demand from the cosmetic industry, adoption of 2-phenylethanol is also reducing in the food and beverage industry. On back of these factors, the global 2-polyethanol market is projected to grow at a sluggish pace during the assessment period.
The report analyzes the global 2-phenylethanol market on the basis of revenue and volume for the period 2012-2016, and offers projections for the period 2017-2022. The market has been analyzed on the basis of both volume and revenue. The research methodology employed to analyze the market is unbiased and cutting-edge. The latest data collection tools have been implemented to offer the most insightful and reliable information to readers. The qualitative analysis presented in the report offers key insights on the drivers, restrains, threats, and opportunities impacting the market.
The report has segmented the market on the basis of key product types into natural and synthetic. The demand for synthetic has remained steady, however, owing to evolving end-user expectations, the adoption of natural has grown at a steady pace. The leading applications analyzed in the report include cosmetics and food. The market has been analyzed in the key regions of North America, South America, Europe, Asia Pacific, and Middle East & Africa. In addition to these detailed insights, the report also presents a detailed competitive landscape, which highlights the product and business strategies of leading players in the market. The financials of the 2-phenylethanol manufacturing companies have also been discussed in detail in the report.
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