REPORT DESCRIPTION
A new research report by Transparency Market Research offers a comprehensive evaluation of the global Phenylbenzimidazole Sulfonic Acid Market . The study , titled “ Phenylbenzimidazole Sulfonic Acid Market - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2016 - 2024 ”, is available for sale on the firm ’ s website .
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 .
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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 2014-2020 . 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 . Opportunity in the Phenylbenzimidazole sulfonic acid market
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 . The phenylbenzimidazole sulfonic acid market can be segmented on the basis of end-user industry such aspersonal 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 ).
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