New York –November 29, 2023- Research Nester’s recent market research analysis on “Phenylethyl Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global phenylethyl market in terms of market segmentation by type, application and by region.
Increasing Demand in the Pharmaceutical Industry & Rising Use of Organic Cosmetics to Promote Global Market Share of Phenylethyl

In the pharmaceutical sector, phenylethyl is used mainly for manufacturing certain medicines and medicinal products. The increase in the number of medicines using this compound is a contributing factor to market growth.

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Additionally, growing public awareness of animal suffering and unethical procedures during clinical studies has pushed people to switch to organic cosmetics. Phenylethyl about its different substituents phenylethyl resorcinol, a synthetic and stable analog of natural compounds like pinosylvin, well utilized for its skin whitening and antioxidant properties, provides for the phenylethyl market to proliferate further.

Some of the major growth factors and challenges that are associated with the growth of the global Phenylethyl market are:
Growth Drivers:
• Advances in synthesis and extraction techniques.
• Product differentiation & innovation.
Challenges:
Price volatility of raw materials, Regulatory compliance, supply chain disruptions, high competition from substitutes, consumer preferences, and trends are some of the major factors anticipated to hamper the global market size of phenylethyl.

By application, the global phenylethyl market is distinguished into pharmaceuticals & research institutes. Amongst them, the pharmaceutical segment is anticipated to hold the majority of market share over the forecast period. Due to its antibacterial and anticonvulsant characteristics, phenylethyl is used in the pharmaceutical industry. It is used to manufacture medicinal products, in particular, to treat skin infections and fungal dieases. All these factors cumulatively are propelling the market’s growth.

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The market’s applications in pharmaceuticals and the food and beverage sector contribute to the market’s expansion. However, the market faces challenges related to supply chain disruptions, fluctuations in raw material prices, and stringent regulatory compliance. Despite these hurdles, the European phenylethyl market continues to flourish, leveraging its versatility across industries, consumer preferences for natural fragrances, and the steady demand for its applications in various sectors, solidifying its position as a vital component within the European market.

This report also provides the existing competitive scenario of some of the key players of the global phenylethyl market which includes company profiling of, 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.

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