Bizizz Market Research has recently published a research report, “Propylparaben Market by End-Use Industry (Pharmaceutical, Personal Care, Food & Beverages, Agriculture/Animal Feed, Cosmetics, and Others) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Propylparaben Market was valued at US$ XX Mn in 2018 and it is anticipated to reach at market value of US$ 91.5 Mn by 2027, witnessing a CAGR of 6.4 % during the forecast period. Key drivers of the market are low production cost, benefits of propylparaben, and wide range of applications.
Propylparaben is majorly being used in cosmetic industry as a microbial preservative. The chemical has applications in several products including scrubs, shampoos, eye makeup products, deodorants, and lotions. Also, rising demand from food & beverages industry owing to its beneficial properties is anticipated to propel the growth of global market during the forecast period.
The Propylparaben Market Is Anticipated To Register A CAGR Of Over 6.4 % During The Forecast Period.
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Threat From Internal Substitute Might Hamper the Growth of Global Propylparaben Market in Future
Propylparaben is experiencing internal threat from paraben family as all the chemicals which belong to this family have similar applications and functionalities. Moreover, some of the regional government has banned usage of some parabens due to their toxic and allergic properties. This might hamper the growth of global market over the forecast period.
North AmericaIs Anticipated To Hold Prominent Share During the Forecast Period
In terms of region, North America is anticipated to lead the global market by holding prominent share over the forecast period. In 2018, North America accounted for 34.8 % market share. The growth of the region can be attributed to significant presence of prominent players operating in pharmaceutical and cosmetic sector in the U.S. Furthermore, Asia Pacific is projected to witness rapid growth in forthcoming years. Rising demand from emerging economies coupled with significant production capabilities is anticipated to favor the regional growth.
The global market is highly moderately fragmented in nature. Companies are focused on strategic alliances and partnerships with other local and national players intended to expand their global footprint which is expected to strengthen their market foothold in future.
Prominent players operating in the Global Propylparaben Market are: Akema Fine Chemicals, Hainan Zhongxin Chemical Co., Ltd., Salicylates and Chemicals Pvt. Ltd., Alta Laboratories Ltd., Nebula Health Care, Anhui Leafchem Co., Avantor Performance Materials LLC, Cameo Health Care, The Good Scents Company, The Dow Chemical Company, and Argos international, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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