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Propylparaben Market Size
- Report ID: GMI6629
- Published Date: Sep 2023
- Report Format: PDF
Propylparaben Market Size
Propylparaben Market size was valued at around USD 120.5 million in 2022 and is estimated to reach USD 225.4 million by 2032. Propylparaben's primary function is as a preservative. It helps extend the shelf life of products by inhibiting the progression of microorganisms such as bacteria, fungi, and mold. The demand for effective preservatives drives the use of propylparaben in various industries.
The cosmetics and personal care industry extensively uses propylparaben to prevent microbial development in products like lotions, creams, shampoos, and makeup. Consumers seek products with longer shelf lives, contributing to the demand for preservatives. Pharmaceuticals require stability to ensure the safety and efficacy of drugs. Propylparaben is used to prevent contamination and degradation in pharmaceutical formulations, supporting the demand for stability-enhancing ingredients.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Propylparaben Market Size in 2022: | USD 120.5 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.5% |
| 2032 Value Projection: | USD 225.4 Million |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 137 |
| Segments covered: | Function, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Parabens, including propylparaben, have faced regulatory scrutiny due to concerns about their potential health and environmental impacts. Increasing consumer demand for natural and organic products has led to a shift away from synthetic preservatives like propylparaben. Some studies have raised questions about the potential health effects of parabens, including propylparaben, on hormone disruption and other health issues.
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Propylparaben Market Scope
