According to the research report titled ‘Europe Antimicrobial Additives Market for Personal Care Application By Product By Application Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2025’, available with Market Study Report, Europe antimicrobial additives market for personal care application is expected to showcase a robust CAGR between 2020 and 2025.
 

Rising adoption of personal care products such as skin care, hair care, and perfumes is a key factor fueling the growth of antimicrobial additives market for personal care application in Europe. For those unfamiliar, an antimicrobial additive helps in inhibiting the growth of microbes such as bacteria, fungi, and algae. These additives are widely used in cosmetic sector since they aid in preventing the growth of microorganisms as well as in improving the shelf life, thereby stimulating the industry outlook.
 

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Based on product landscape, the report states that benzyl alcohol preservative segment is predicted to expand with a CAGR of 2.5% through 2025, as it widely used in perfumes. On the other hand, phenoxyethanol preservative segment is expected to surpass USD 15 million by the year 2025, primarily due to its widespread adoption in skin & hair care products.
 

As per the report, Europe antimicrobial additives market share from ingredients segment is expected to grow with a CAGR of 3.5% during 2020-2025. The caprylyl glycol segment is slated to be worth USD 5 million by the year 2025. Additionally, the levulinic acid segment of Europe antimicrobial additives market for personal care application is reckoned to register a 6% CAGR between 2020 and 2025.
 

Elaborating on the application spectrum, the industry is bifurcated into hair care, skin care, toiletries, fragrances & perfumes, baby products, wet wipes and others. The report claims that the skin care segment is estimated to exceed USD 240 million by the year 2025.
 

Regionally, antimicrobial additives market for personal care application in Spain is reckoned to witness a y-o-y growth rate of 4% through 2025.
 

The major companies in Europe antimicrobial additives industry for personal care application are Croda International Plc, Eastman Chemical Co., Solvay S.A., Royal DSM, Lanxess AG, Schülke & Mayr GmbH, Lonza Group, The Dow Chemical Company, Chemipol, Clariant AG, Sharon Laboratories Ltd., BASF SE, Evonik Industries AG, Akema S.r.l, ISCA UK Ltd., Symrise AG, Beiersdorf AG, and Ashland Global Specialty Chemicals Inc.