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The Global Methyl Paraben Market was evaluated at US$ XX Mn in 2019 and is projected to exhibit a CAGR of 5.5 % to grasp the market value of US$ 105.2 Mn till 2028
Methyl paraben is a preserving chemical used by the medical, food & beverages, and personal care product industries. It contains antibiotic and antifungal properties that can safeguard products against bacterial development. Methyl paraben is used in numerous forms. It is used as a preserving agent in the cosmetic industry. Moreover, several personal care products such as moisturizers, conditioners, shampoos, lotions, body oils, spray tanning solution, shaving cream and toothpaste among others includes methyl paraben.
The continuous growth and development of cosmetics and pharmaceuticals industry, developing healthcare industry, increased use of cosmetics and personal care products, rapid urbanization, and rising disposable income are the main factors that are driving the market.
The constant expansion and growth of cosmetics and medicinal industries is one of the major factors that is driving the methyl paraben market. It inhibits the buildup of fungi and bacteria and improves the shelf life of products. In pharmaceutical manufacturing, it is employed in therapeutic products to shield it against infection. Pharmaceutical products such as eye medicines, corticosteroids and herbal preparations, amongst others contain methyl paraben. An antibiotic like aqueous penicillin also contain methyl paraben to safeguard it against fungi. On account of all these advantages, the application of methyl paraben in numerous industries for the production of different products is increasing, which further gives a boost to the growth of the market.
Furthermore, the growing per capita disposable earnings and raised standards of living of the people worldwide are projected to raise the demand for numerous beautifiers and body care commodities, which in turn is anticipated to impel the demand for methyl paraben as a preserving agent in many manufacturing processes. This augmented requirement for methyl paraben is expected to propel the market growth during the projection period.
Many foodstuffs also consist of methyl paraben to defend against decomposition. Jams, syrups, beverages and dairy products among others consist of methyl paraben in small quantities. It is commonly employed to limit the growth of clostridium botulinum which originates botulism (a rare and potentially deadly sickness). Methyl paraben is regarded as ‘generally recognized as safe’ (GRAS) for food and cosmetic antiseptic safeguarding. It is manufactured commercially by the esterification of para-hydroxybenzoic acid with alcohol such as ethanol, methanol, or n-propanol.
Parabens are prevalent as they are low-priced, odor-free, transparent, and edible and have a broad range of antimicrobial action. They are permitted by the Food and Drug Administration of the U.S. (FDA) for use in the cosmetics industry. However, a number of studies show that excessive use of methyl paraben may cause cancerous skin damage. This factor might restrict the market growth in the course of the assessment period
Cosmetics and personal care Segment is anticipated to hold the maximum market stake
The cosmetics and personal care segment is expected to grasp the uppermost market share. The growth of the segment is as a result of constantly rising demand for beauty products, accompanied by the need to safeguard them against microbial growth and increase their shelf life of products. The methyl paraben is used as a preserving agent in cosmetics such as lipsticks, water-based skin ointments, eye make-up, perfumes and deodorants. This application of the methyl paraben is anticipated to accelerate the growth of the cosmetic and personal care segment in the methyl paraben market.
Europe region is projected to dominate the global methyl paraben market for the duration of the projection period
Europe is presently the biggest market for methyl paraben trailed by the APAC region. Rising awareness concerning the health, growing consciousness about appearance, and prevalent fashion industry in countries like France are the major factors that assist the Europe regional market to maintain its position in the global market.
The Asia Pacific market is anticipated to be the rapidly developing market for methyl paraben-based products attributable to growing demand for color cosmetics, skin and hair care products. The developing countries in the region such as China and India are estimated to be the major market for cosmetics in the approaching years. Most of the prominent global cosmetic producers are concentrating on increasing their base in these countries. The huge population, upsurge in per capita earnings and accessibility of global products will assist to propel the growth of cosmetic industry in developing nations like India and China.
Key players functioning 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.
Global Methyl Paraben Market, by Application
- shaving products
- hair care products
Global Methyl Paraben Market, by End-user
- Food & beverages
- Cosmetics and Personal Care
Global Methyl Paraben Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa