China 2-Phenylethanol Market Outlook

the china 2-phenylethanol market is expected to witness a healthy cagr due to the increasing demand from the cosmetics and perfume industry. the primary end-use applications of 2-phenylethanol are cosmetics and perfumes, pharmaceuticals, and flavoring agents. the primary factors driving the market growth are the increasing consumption of cosmetics and fragrances in the region. the presence of large international players such as unilever, l’oréal, and procter & gamble in the cosmetics and perfume sector and their growing presence in the region is likely to boost the demand for the product over the coming years. furthermore, the rising interest in natural ingredients in cosmetic products is also anticipated to drive the demand for 2-phenylethanol. the growing market for organic cosmetics, which utilizes plant-based raw materials, is likely to create opportunities for manufacturers of 2-phenylethanol. moreover, the rising demand for 2-phenylethanol from the pharmaceutical industry is also expected to fuel the market growth in china. 2-phenylethanol is used as an intermediate in the synthesis of several pharmaceuticals. in addition, its utilization as a flavoring agent in the food and beverage industry is also expected to foster the market growth. the government regulations regarding the usage of fragrances in cosmetics and pharmaceuticals is one of the major inhibiting factors of the chinese 2-phenylethanol market. the stringent regulations imposed by the china food and drug administration (cfda) regarding the raw material used in pharmaceuticals, food products, and cosmetics are likely to challenge the market growth over the forecast period. moreover, the rising environmental concern caused by the usage of higher alcohols in cosmetics is likely to create hurdles for manufacturers. overall, the china 2-phenylethanol market is expected to witness a healthy growth during the forecast period of 2018 to 2032, backed by the increasing demand from the cosmetics and pharmaceutical sector. furthermore, growing awareness regarding the usage of natural ingredients in cosmetics and the rising demand for organic cosmetic products is likely to boost the demand for 2-phenylethanol in the region.