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Global Methyl Paraben Market it is anticipated to reach at market value of US$ 103.2 Mn by 2027
Bizizz Market Research has recently published a research report, “Methyl Paraben Market by Application (Lotions, Moisturizers, Toothpaste, Shampoos, Makeup, Shaving products, Hair care products, Deodorants, and Others) by End-User (Food & beverages, Cosmetics and Personal Care, Pharmaceuticals, Healthcare, and Others) and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Methyl Paraben Market was valued at US$ XX Mn in 2018 and it is anticipated to reach at market value of US$ 103.2 Mn by 2027, witnessing a CAGR of 5.8 % during the forecast period. Key drivers of the market are wide range of application and continuously growing pharmaceutical and cosmetics industry.
Methyl Paraben is used to inhibit the development of fungi and bacteria in cosmetic and personal care products. Is also help in improving the shelf life of these products. Also, it has major application in pharmaceutical sector. The chemical is used in several medicines such as eye medicines, corticosteroids and herbal preparations. Hence, rising demand from end-use industries is anticipated to fuel the growth of global market.
The Methyl Paraben Market Is Anticipated To Register A CAGR Of Over 5.8 % During The Forecast Period.
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Based on End-User, The Cosmetics and Persona Care Segment is Anticipated to Dominate the Global Market By Holding a Prominent Share Throughout The Forecast Period
Methyl Paraben is extensively used in cosmetic products to increase their shelf life. Several cosmetic products including lipsticks, water-based skin ointments, eye make-up, and perfumes contain some amount of methyl paraben. Rising demand for beauty products coupled with increasing consciousness regarding physical appearance is anticipated to create new opportunities for the segment growth. The cosmetics & personal care is projected to grow at a CAGR of 4.2 % during the forecast period.
Europe Is Anticipated To Hold Prominent Share During the Forecast Period
In terms of region, Europe is anticipated to lead the global market over the forecast period. The region occupied 32.7 % share in 2018. Growth of the region can be attributed to well developed fashion industry in European countries like Italy and France. Moreover, rising health consciousness among European population is expected to favor the regional growth.
The global market is highly fragmented with several global and local players. Companies are engaged in strategic partnership and alliances in order to strengthen their foothold in global market.
Prominent players operating in the Global Methyl Paraben Market are: Sigma-Aldrich Corporation, Wuhu Huahai Biology Engineering Co. Ltd, Gujarat Organics Ltd, Hangzhou jiancheng trade Co.,Ltd, Triple Chem, Dafeng Huaxin Bio-technology Co.,ltd, CellMark USA, LLC, Evergreen Chemical Industry Limited, Qingzhou Ailitong Chemicals Technical Co.,Ltd, Sea-Land Chemical Co, Xian Meheco, Charkit Chemical Corporation, Prism Intertrade Tanzania Ltd, BOC Sciences, Changzhou Elly Chemical Industry Co., Ltd, and Santa Cruz Biotechnology Inc., among others.
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