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Global Parabens Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Global Parabens Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Dec 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Parabens Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 103.72 USD Billion
Diagram Market Size (Forecast Year) USD 163.30 USD Billion
Diagram CAGR %

Major Markets Players

  • Ashland
  • Arkema
  • Symrise
  • Clariant
  • Salicylates and Chemicals Pvt. Ltd

Global Parabens Market, By Product Type (Methylparaben, Propylparaben, Butylparaben, Ethylparaben, Others), Application (Preservatives, Others), End Use (Pharmaceutical, Cosmetics and Personal Care, Food, Chemical Industry, Others) - Industry Trends and Forecast to 2030.

Parabens Market

Parabens Market Analysis and Size

People can be exposed to parabens through swallowing, touching, or eating products that contain parabens. Many products, such as hair-care products, makeup, moisturizers, and shaving creams, contain parabens. Parabens in these cosmetic products are absorbed through the skin. Parabens also can enter the body when foods, pharmaceuticals, and drinks containing parabens are eaten or swallowed. Parabens that enter the body are rapidly excreted. Parabens have been effectively used in cosmetics for more than 80 years now because the compatibility of parabens is high with other compounds. In numerous cosmetic products, the approved percentage usage of parabens ranges from 0.01% to 0.3%.

Data Bridge Market Research analyses that the parabens market is expected to undergo a CAGR of 6.70% from 2023 to 2030. This indicates that the market value, USD 103.72 billion in 2022, would rocket up to USD 163.30 billion by 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Parabens Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to (2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Methylparaben, Propylparaben, Butylparaben, Ethylparaben, Others), Application (Preservatives, Others), End Use (Pharmaceutical, Cosmetics and Personal Care, Food, Chemical Industry, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Ashland (U.S.), Arkema  (Italy), Symrise AG (Germany), Clariant AG (Switzerland), Salicylates and Chemicals Pvt. Ltd (India), Chemipol (Spain), Sharon Laboratories (Israel), Dow (U.S.), Avon (U.K.), DuPont (U.S.), Unilever (U.K), Croda International Plc (U.K.), SABIC (Saudi Arabia), Sinerga S.p.A. (Italy), Procter & Gamble (U.S.)

Market Opportunities

  • Rising demand of methyl paraben
  • Increasing preferences towards the usages of high quality products
  • Increasing applications of parabens in various industries

Market Definition

Parabens are man-made chemicals that are generally used in small amounts as preservatives in cosmetics, foods, pharmaceuticals, and beverages. Normally more than one paraben is used in a single product. Parabens are esters of p-hydroxybenzoic acid, and some of the common parabens include butylparaben, ethylparaben, methylparaben, propylparaben, and phenoxyethanol, among others. Mainly esterification reaction is used to form parabens. For parabens production, para-hydroxybenzoic acid is reacted with a suitable alcoholic group such as ethyl, methyl, or n-propyl groups.

Global Parabens Market Dynamics

Drivers

  • High usage of parabens in cosmetic products

Parabens are generally used as preservatives in cosmetic products. Preservatives may be used in cosmetics to prevent and protect against mold growth and harmful bacteria. The parabens are most commonly used in cosmetics are butylparaben, methylparaben, propylparaben and ethylparaben. Product component labels normally list more than one paraben in a cosmetic product. Parabens are often used with other preservatives to better protect against a wide range of microorganisms. Cosmetic products containing parabens include hair care products, makeup, moisturizers, and shaving products. Thus, the increasing usage of parabens in cosmetic products is expected to drive the market's growth rate.

  • Growing demand of parabens in multiple processed food products

Parabens find extensive utilization as a preservative for numerous processed food products such as oil and fats, seasoning sugar, and processed vegetables. Ever expanding population and increasing demand for better quality and augmented quantity of food products play an important role in propelling the growth of the global parabens market during the forecast period.

Opportunities

  • Rising demand for methylparaben

Methylparaben is a preservative that is used by the pharmaceutical, food, and personal care sectors. It comprises antibiotic and antifungal products that can protect the products from microbial growth. Methylparaben is used in different ways. It is used as a preservative in cosmetics such as shampoos, personal lubricants, spray tanning solutions, lotions, moisturizers, toothpaste, and shaving cream, among others in the cosmetic industry. It prevents the growth of fungi and bacteria and encourages the extended shelf life of products. It is also used in the pharmaceutical industry to protect medical drugs from contamination. Pharmaceutical products, including eye medicines, herbal preparations, and corticosteroids, are made up of methylparaben. Thus, the growing demand for methyl paraben will likely create lucrative opportunities for market growth.

 Restraints/ Challenges

  • Rising demand for natural substitutes as preservatives

Growing demand for natural alternatives as preservatives, along with growing occurrences of several skin reactions by using chemical-based parabens, will likely act as major market restraints factors for the growth of the parabens market during the forecast period. Banning several parabens such as benzyl-, isopropyl-, isobutyl-, pentyl-, and phenyl- parabens will become market growth's foremost and biggest challenge.

This parabens market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the parabens market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Parabens Market Scope

The parabens market is segmented on the basis of product type, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Methylparaben
  • Propylparaben
  • Butylparaben
  • Ethylparaben
  • Others

 Application

  • Preservatives
  • Others

 End Use

  • Pharmaceutical
  • Cosmetics and Personal Care
  • Food
  • Chemical Industry
  • Others

Parabens Market Regional Analysis/Insights

The parabens market is analyzed and market size insights and trends are provided by country, product type, application and end use as referenced above.

The countries covered in the parabens market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the parabens market in terms of market share revenue owing to the growing disposable income of the people and the growing demand for processed food and cosmetics products in this region.

Europe will expect to be the fastest-growing region during the forecast period of 2023-2030, owing to the increasing use of parabens as preservatives in the pharmaceutical process. The U.K. region is anticipated to hold the largest growth rate in the parabens market owing to the growing sales of pharmaceutical products in this region in upcoming years.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Parabens Market Share Analysis

The parabens market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to parabens market.

Some of the major players operating in the parabens market are:

  • Ashland (U.S.)
  • Arkema (Italy)
  • Symrise AG (Germany)
  • Clariant AG (Switzerland)
  • Salicylates and Chemicals Pvt. Ltd (India)
  • Chemipol (Spain)
  • Sharon Laboratories (Israel)
  • Dow (U.S.)
  • Avon (U.K.)
  • DuPont (U.S.)
  • Unilever (U.K)
  • Croda International Plc (U.K.)
  • SABIC (Saudi Arabia)
  • Sinerga S.p.A. (Italy)
  • Procter & Gamble (U.S.),


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The market value for parabens market in 2022 is USD 103.72 billion.
The parabens market is to grow at a CAGR of 6.70% during the forecast period of 2023 to 2030
The Parabens Market report is segmented into product type, application, and end-use.
North America dominates the parabens market in terms of market share revenue owing to the growing disposable income of the people and the growing demand for processed food and cosmetics products in this region.
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