Phenylethyl Market Analysis

Type (Alcohol, Formate, Acetate)

The phenylethyl alcohol segment is poised to garner largest revenue share, accounting for 52% of the global phenylethyl market. Increasing demand for Phenyl ethyl alcohol in the pharmaceutical segment. Around 10,000 tonnes of 2 PE per year are produced in the world. Further, phenylethyl alcohol is used in cosmetics and personal care products. For instance, it is used as a main component in the rose oils that are obtained from rose blossom as it has a mild rose odor. All these cumulatively propel the market’s growth.

Application (Pharmaceuticals, Research Institutes)

The pharmaceutical segment in the phenylethyl market is anticipated to hold the dominant revenue share during the forecast period. Phenylethyl’s alcohol form is used as an excipient in the pharmaceutical industry, which is then used as a carrier or diluent for active ingredients. Further, phenylethyl is used as a preservative and antimicrobial agent to prevent the growth of microorganisms in the products and is responsible for the segment’s growth. Additionally, it is also used in the synthesis of various drugs and APIs. The increasing demand for pharmaceuticals globally, driven by an aging population and the growing prevalence of chronic diseases, is expected to drive the demand for phenyl ethyl alcohol in the pharmaceutical segment.

Our in-depth analysis of the global phenylethyl market includes the following segments:

Type	Alcohol Formate Acetate
Application	Pharmaceuticals Research Institutes

Frequently Asked Questions (FAQ)

Growing demand from the fragrance industry, increasing utilization in pharmaceutical production, rising consumer awareness of personal care products, expansion of the cosmetics industry, and advancements in synthesis sand extraction techniques are some of the major growth drivers for the phenylethyl market.

The market size of phenylethyl is anticipated to attain a CAGR of 6 % over the forecast period, i.e., 2024-2036.

The major players in the market are Novorate Biotech Co., Ltd., Becton, Dickinson, and Company, Penta Manufacturing Company, Ungerer & Company, Harmony Organics PVT LTD., AGROCHEMICALS, BEIJING LYS CHEMICALS CO., LTD., Augustus Oils Ltd., Axxence Aromatic GmbH, Tokyo Chemical Industry Co., Ltd., and others.

The Phenylethyl alcohol segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Phenylethyl Market Analysis