Phenylbenzimidazole Sulfonic Acid Market size and Key Trends in terms of volume and value
Future Market Insights has announced the addition of the “Phenylbenzimidazole Sulfonic Acid Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Phenylbenzimidazole sulfonic acid also known as ensulizole is an organic compound largely used in sunscreens and cosmetic products worldwide. It has the ability to primarily block or absorb Ultraviolet radiations (UV). However, it doesn’t give complete protection since it is unable to block long range UV radiations; hence it is often paired with other ingredients such as avobenzone, zinc oxide, Tinosorb or titanium dioxide. Phenylbenzimidazole sulfonic acid has the characteristic quality and thus it doesn’t degrade its potency upon exposure to UV rays. Phenylbenzimidazole sulfonic acid converts incident ultraviolet radiations into less harmful infrared rays. It has a light and non-greasy finish. Phenylbenzimidazole sulfonic acid is a water soluble compound and thus it is often used in the formulation of lotions and moisturizers. According to the Personal Care Products Council, phenylbenzimidazole sulfonic acid can be used in concentrations up to 8% in Europe and 4% in the U.S.
Global Phenylbenzimidazole Sulfonic Acid Market: Key Segmentation
The phenylbenzimidazole sulfonic acid market can be segmented on the basis of end-user industry such as- personal care, pharmacological formulations, and others. Phenylbenzimidazole sulfonic acid has been considered to be non-carcinogen by the International Agency for Research on Cancer (IARC), American Conference of Industrial Hygienists (ACGIH), the National Toxicology Program (NTP), and Occupational Safety and Health Administration (OSHA).
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Global Phenylbenzimidazole Sulfonic Acid Market: Drivers and Restraints
The market for Phenylbenzimidazole sulfonic acid is expected to rise in future due to rising demand for personal care products in the market. The propensity to spend on skincare is not hugely impacted by a slowdown, rather consumer preferences during this period tends to shift towards lower priced mass-market products. Personal care industry is a very large and lucrative market and thus it is expected to flourish in the near future. Hence, demand for Phenylbenzimidazole sulfonic acid is expected to grow from 2016-2026. Phenylbenzimidazole sulfonic acid is considered as a safe ingredient for use in personal care products; however the Cosmetic Databases consider it as a moderate hazard. It can cause cancer related and cellular level changes concerns if used for a prolonged period. Thus, this is hampering the growth of Phenylbenzimidazole sulfonic acid market and is the major growth barrier.
Global Phenylbenzimidazole Sulfonic Acid Market: Region-wise Outlook
The global phenylbenzimidazole sulfonic acid market is anticipated to grow at a substantial rate in the foreseeable future. China is expected to drive the demand for phenylbenzimidazole sulfonic acid in the South Asian region. China has set up of several medium sized companies which are indulging in the production of phenylbenzimidazole sulfonic acid. Mushrooming chemical industry in China is expected to swell the demand for phenylbenzimidazole sulfonic acid in Asia Pacific region. Demand for effective sunscreen products is expected to raise demand for phenylbenzimidazole sulfonic acid in developed countries such as the U.S, and hence North America is expected to increase its capacity for phenylbenzimidazole sulfonic acid production in the next few years. Eventual demand for phenylbenzimidazole sulfonic acid from personal care industry from Latin America holds considerable potential for growth of phenylbenzimidazole sulfonic acid market in the next few years. Better product formulation and extensive research and development are anticipated to boost the market in the foreseeable future, thus providing potential opportunities for growth to players.
Global Phenylbenzimidazole Sulfonic Acid Market: Key Players
The phenylbenzimidazole sulfonic acid market has several players which are involved in the supply, distribution and marketing of this compound. Some of them include Shanghai Hanhong Chemical Co., Ltd., J&K Scientific Ltd., BASF SE, Sigma-Aldrich Corporation, Berje Inc, Changzhou Sunchem Pharmaceutical Chemical Material Co., Ltd., and Xiamen Hisunny Chemical Co., Ltd.
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Dec 01, 2016