Market Overview:
The global propyl 4-hydroxybenzoate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for propyl 4-hydroxybenzoate in food, cosmetics, and medicine applications. In terms of type, the food grade segment is projected to lead the global propyl 4-hydroxybenzoate market during the forecast period. This can be attributed to the increasing demand for propyl 4-hydroxybenzoate in food applications due to its properties such as preservative and antioxidant properties.
Product Definition:
Propyl 4-hydroxybenzoate is a chemical compound that is used as a preservative in foods and cosmetics. It is also known as benzoic acid propyl ester.
Food Grade:
Food grade propyl 4-hydroxybenzoate is a type of flavoring agent used in food & beverages. It has the ability to enhance the taste of various products such as baked goods, candies, carbonated drinks and alcoholic beverages. Food grade propyl 4-hydroxybenzoate is also used in pharmaceuticals for enhancing their flavor.
Cosmetic Grade:
Cosmetic grade is the highest quality grade of propyl 4-hydroxybenzoate. It has a purity level of 99%.
It can be further processed to manufacture different types of products such as skin care, hair care, bath & shower products and deodorants among others.
Application Insights:
Food preservatives are expected to be the major application segment over the forecast period. Propyl 4-hydroxybenzoate is used as a food preservative in various applications including bakery, dairy, and processed meat products. The product has an expiration date of 2 years after which it should be discarded due to its high toxicity level. It is also known as paraben and is one of the compounds that have estrogenic activity which can lead to health hazards if consumed in large quantities over a period of time.
The use of propyl 4-hydroxybenzoate as medicine has been declining owing to growing awareness among consumers regarding side effects associated with it such as breast cancer & prostate cancer when consumed at higher levels for long periods of time.
Regional Analysis:
Asia Pacific was the largest market for global propyl 4-hydroxybenzoate with a revenue share of over 45% in 2017. The region is also expected to be the fastest growing market at an estimated CAGR of XX% from 2018 to 2030 owing to increasing product demand from various end-use industries, such as food and beverages, personal care and cosmetics, pharmaceuticals, and others.
The presence of a large number of manufacturers coupled with developing economies in Asia Pacific has led this region being called the factory floor due to high production volumes along with low manufacturing costs compared to developed regions. This scenario is further anticipated to drive industry growth over next eight years.
Europe accounted for approximately 25% share in terms of revenue in 2017 on account increase use by major end-use industries including food preservatives; medicines; cosmetics; textiles; paper products etc.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and food additives
- Rising awareness about the benefits of propyl 4-hydroxybenzoate among consumers
- Growing research and development activities for new applications of propyl 4-hydroxybenzoate
- Technological advancements in production processes that would lead to lower costs and higher efficiency
- Expansion of distribution networks by key players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Propyl 4-hydroxybenzoate Market Research Report
By Type
Food Grade, Cosmetic Grade, Other
By Application
Food Preservatives, Cosmetics Preservatives, Medicine Preservatives, Others
By Companies
Sharon Laboratories, Ueno Fine Chemicals, Zhejiang Shengxiao Chemicals, Wuxi Jiangda Baitai Technology, Kunshan Shuangyou, Gujarat Organics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Propyl 4-hydroxybenzoate Market Report Segments:
The global Propyl 4-hydroxybenzoate market is segmented on the basis of:
Types
Food Grade, Cosmetic Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Preservatives, Cosmetics Preservatives, Medicine Preservatives, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sharon Laboratories
- Ueno Fine Chemicals
- Zhejiang Shengxiao Chemicals
- Wuxi Jiangda Baitai Technology
- Kunshan Shuangyou
- Gujarat Organics
Highlights of The Propyl 4-hydroxybenzoate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Cosmetic Grade
- Other
- By Application:
- Food Preservatives
- Cosmetics Preservatives
- Medicine Preservatives
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Propyl 4-hydroxybenzoate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Propyl 4-hydroxybenzoate is a synthetic compound with the chemical formula C8H10O4. It is a white solid that is soluble in water and most organic solvents. Propyl 4-hydroxybenzoate has been used as an ingredient in fragrances, cosmetics, and pharmaceuticals.
Some of the major players in the propyl 4-hydroxybenzoate market are Sharon Laboratories, Ueno Fine Chemicals, Zhejiang Shengxiao Chemicals, Wuxi Jiangda Baitai Technology, Kunshan Shuangyou, Gujarat Organics.
The propyl 4-hydroxybenzoate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Propyl 4-hydroxybenzoate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Propyl 4-hydroxybenzoate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Propyl 4-hydroxybenzoate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Propyl 4-hydroxybenzoate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Propyl 4-hydroxybenzoate Market Size & Forecast, 2020-2028
4.5.1 Propyl 4-hydroxybenzoate Market Size and Y-o-Y Growth
4.5.2 Propyl 4-hydroxybenzoate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Cosmetic Grade
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Preservatives
6.2.2 Cosmetics Preservatives
6.2.3 Medicine Preservatives
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Propyl 4-hydroxybenzoate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Propyl 4-hydroxybenzoate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Cosmetic Grade
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Preservatives
9.10.2 Cosmetics Preservatives
9.10.3 Medicine Preservatives
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Cosmetic Grade
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Preservatives
10.10.2 Cosmetics Preservatives
10.10.3 Medicine Preservatives
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Cosmetic Grade
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Preservatives
11.10.2 Cosmetics Preservatives
11.10.3 Medicine Preservatives
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Cosmetic Grade
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Preservatives
12.10.2 Cosmetics Preservatives
12.10.3 Medicine Preservatives
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Cosmetic Grade
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Preservatives
13.10.2 Cosmetics Preservatives
13.10.3 Medicine Preservatives
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Propyl 4-hydroxybenzoate Market: Competitive Dashboard
14.2 Global Propyl 4-hydroxybenzoate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sharon Laboratories
14.3.2 Ueno Fine Chemicals
14.3.3 Zhejiang Shengxiao Chemicals
14.3.4 Wuxi Jiangda Baitai Technology
14.3.5 Kunshan Shuangyou
14.3.6 Gujarat Organics
