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The report on the Global 2-Phenoxyethanol (2-PE) Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
2-Phenoxyethanol (2-PE) belongs to glycol ether group. It is a colourless liquid chemical compound, which is oily with characteristic faint aromatic odor. Phenol and ethylene oxide reaction produce this substance at high temperature and pressure. It consists of phenol with the ability to slow down phagocyte activity. It can disable prime response mechanism of the immune system. Therefore, in many vaccines, they are utilized as a preservative. It is combustible and irreconcilable with chlorides, anhydrides, and strong oxidizing agents.
This organic compound has various applications in products like insect repellent, topical antiseptic, etc. It is used as adhesive for perfumes; as solvent for cellulose acetate, dyes, inks and resins; as an anesthetic in the aquaculture; alternative to formaldehyde preservatives; organic synthesis of plasticizers; etc. It is used in industries like pharmaceuticals, personal care and cosmetics & dermatology, metal processing, coatings/paints, fragrance, etc.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as:
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