Market Overview
The phenylbenzimidazole sulfonic acid market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).
Phenylbenzimidazole sulfonic acid is also known as ensulizole, a major ingredient in sunscreen products. The chemical can protect the human skin from the dangers associated with UV-B rays. However, it is often combined with titanium dioxide due to its incapability to protect skin from UV-A rays. Additionally, phenylbenzimidazole sulfonic acid could be combined with Mexoryl or Tinosorb to enhance its skin protection capabilities.
Since phenylbenzimidazole sulfonic acid is soluble in water, it is very useful in the field of sun protection without oil. Additionally, phenylbenzimidazole sulfonic acid is extremely light when applied over the skin and highly compatible with almost all cosmetic compounds. Further, as phenylbenzimidazole sulfonic acid doesn't rapidly degrade on exposure to direct sunlight, it is considered as one of the best compounds currently available against UV exposure.
Market Dynamics
The compatibility of phenylbenzimidazole sulfonic acid with most cosmetic compounds and its light nature is a major market driver for the global phenylbenzimidazole sulfonic acid market. However, its inability to filter UV-A rays restricts its market prospects.
High compatibility and non-greasy nature
Unlike most of the chemicals used in the manufacture of sunscreens, phenylbenzimidazole sulfonic acid is water-soluble and could be used in the manufacture of high SPF skincare and sunscreen products. When compared to other chemicals used in skin and sunscreen products, phenylbenzimidazole sulfonic acid is light and non-greasy in nature due to its water solubility. Therefore, it could be successfully utilized by people with oily skins without being greasy or causing skin breakouts.
Apart from the advantages offered by the physical properties of phenylbenzimidazole sulfonic acid, extensive chemical advantages could also be witnessed due to its special chemical composition. Phenylbenzimidazole sulfonic acid belongs to a class of chemicals called phenylbenzamidaoles and contains heterocyclic rings composed of nitrogen, sulfur and carbon. It is highly compatible with most other organic compounds used in the cosmetic industry due to its ability to form hydrogen bonds. As a result, phenylbenzimidazole sulfonic acid is highly flexible and easily incorporated into any cosmetic product.
The above properties tend to raise the market demand for phenylbenzimidazole sulfonic acid in the cosmetic industry, one of the fastest-growing markets globally. As the overall production and consumption of phenylbenzimidazole sulfonic acid would increase due to the high chemical compatibility and non-greasy nature of phenylbenzimidazole sulfonic acid, the respective factors could be considered as important market drivers.
The tendency of phenylbenzimidazole sulfonic acid to produce free-radicals on exposure to sunlight
Even though the reactivity of phenylbenzimidazole sulfonic acid to direct sunlight is comparatively very less, the respective chemical still releases free radicals when exposed to the sun's rays. Free radicals are chemical species that are short-lived and highly reactive. Due to the extreme reactivity of these free radicals, the interaction of these chemical species with human skin could break down collagen present in the skin. As a result, a wide range of harmful effects ranging from wrinkles and dark spots to even skin cancer could be inflicted on the skin cells.
Due to the tendency of phenylbenzimidazole sulfonic acid to release harmful free radicals, its use in cosmetics is limited by many regulatory agencies across the globe. For instance, in Japan, the use of phenylbenzimidazole sulfonic acid is banned completely. However, in U.S. and UK, the respective chemicals could be used to a limited quantity of 4% and 8%, respectively. Since the product's overall market consumption and demand were constricted by the tendency of phenylbenzimidazole sulfonic acid to produce free radicals on exposure to sunlight, the respective factor could be considered a major market restraint.
COVID-19 Impact Analysis
The impact of COVID-19 on the global phenylbenzimidazole sulfonic acid market is ruinous due to many factors. The most prominent among them is the disruptions experienced in the manufacture and supply chain of phenylbenzimidazole sulfonic acid. Like any chemical, phenylbenzimidazole sulfonic acid also requires specific chemical conditions and pieces of machinery. The lockdown associated with the COVID-19 pandemic closed down factories and industries that produced phenylbenzimidazole sulfonic acid as well as disrupted the supply chains of raw materials required to manufacture phenylbenzimidazole sulfonic acid, along with the logistics of the finished products.
Although the pandemic had a positive impact on the global cosmetics market, as the lockdown and social distancing prevented people from going out or visiting public places such as beaches, the demand for sunscreens in which phenylbenzimidazole sulfonic acid is used reduced drastically. Therefore the demand for phenylbenzimidazole sulfonic acid in the global market further reduced. Since the global phenylbenzimidazole sulfonic acid market's fundamental demand-supply dynamics were drastically affected by the pandemic, the impact on the market should be considered horrendous and devastating.
Segment Analysis
By application, the phenylbenzimidazole sulfonic acid market is segmented into sunscreens, lotions, moisturizers, others.
Growing exposure to UV rays and increasing chances of skin cancer is boosting the demand and sales of the sunscreen segment in the market
Global pollution has brought drastic climate change globally and greenhouse gases severely damage the ozone layer. As a result, humans are exposed to more UV radiations compared to the past and the chances of skin cancer and similar diseases have grown enormously. Since UV radiations are the major culprit behind this, the need for methods to protect oneself from these damaging rays has become the need for the day.
Sunscreens could not only block UV radiations but also protect the elasticity of the skin and preserve it from wrinkles and damages. The demand for sunscreen in the market is growing as growth is experienced in protecting skin from harmful rays. Further, the growing health and beauty consciousness among people, particularly within the age bracket of 15 to 40, also boosts the demand sales for the sunscreen segment of the global phenylbenzimidazole sulfonic acid market.
Geographical Analysis
Increasing population density and number of chemical plants
The Asia-Pacific phenylbenzimidazole sulfonic acid market is expected to expand rapidly during the forecast period. Among other Asia-Pacific countries, China is projected to increase demand for phenylbenzimidazole sulfonic acid primarily because of the booming chemical sector and is projected to boost Asia-Pacific demand for phenylbenzimidazole sulfonic acid.
Population explosion in the region and associated growth in demand for beauty products such as sunscreens, lotions, among others, is another major booster for the respective market in the region. The demand and capacity for phenylbenzimidazole sulfonic acid will likely grow in North America because of the increasing demand for effective sunscreen products in the region, particularly in industrialized nations such as U.S.
Competitive Landscape
The phenylbenzimidazole sulfonic acid market is a scattered market that can grow with development in technology and chemical processes along with the growth in demand for UV protection in cosmetics. In addition, some of the key players contributing to the market's growth are BASF SE, DSM, Corey Organics, Belchem, UNIPROMA, Merck KGaA, Shandong Ench Chemical Co., Ltd., Hebei Saiyi Technology Co., Ltd., Hairui Chemical, Shanghai Hanhong Chemical. The companies are adopting various new strategies to dominate the market, such as launching new schemes, acquisitions and collaborations.
For instance, in July 2020, Merck, a global science and technology firm, expanded its advanced bioprocess with the acquisition of RESOLUTION Spectra Systems, a pioneer in bioprocess analytical monitoring located in Meylan, France. Through its GMP-ready apparatus and software, the firm provides Raman spectroscopy analysis. The company intends to expand its product portfolio with this acquisition.
Merck KGaA
Overview: Merck KGaA is a thriving scientific and technology firm that intends to influence people's lives positively. The company is 350 years old and employs around 58,000 people across the globe. The company's product portfolio o the company includes products that belong to segments such as healthcare, life science, and electronics.
Product Portfolio: Ensulizole(2-Phenylbenzimidazole 5-sulfonic acid)
The company produces Ensulizole or phenylbenzimidazole sulfonic acid with a quality level of 300. The product is of certified reference material pharmaceutical secondary standard and neat form. The product finds application in industries such as environmental, pharmaceutical, among others or applications such as HPLC and gas chromatography.
Key Development: In October 2019, Merck KGaA, a renowned scientific and technology corporation, announced today the acquisition of FloDesign Sonics, the creator of a novel acoustic cell processing platform for the industrialization of cell and gene therapy production. Acoustic cell processing is a game-changing technique that uses ultrasonic vibrations to manipulate cells. The business hopes to be the first to commercialize acoustic technology for cell therapy production.
Why Purchase the Report?
- Visualize the segmentation of the phenylbenzimidazole sulfonic acid market by application, product type and region, highlighting the key commercial assets and players.
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- Component mapping in excel for the key product of all major market players
The global phenylbenzimidazole sulfonic acid market report would provide access to an approx: 54 market data tables, 46 figures and 180 pages.
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Table of Contents
1. Global Phenylbenzimidazole Sulfonic Acid Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Global Phenylbenzimidazole Sulfonic Acid Market - Market Definition and Overview
3. Global Phenylbenzimidazole Sulfonic Acid Market - Executive Summary
- 3.1. Market Snippet by Application
- 3.2. Market Snippet by Product Type
- 3.3. Market Snippet by Region
4. Global Phenylbenzimidazole Sulfonic Acid Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Rising incidents of cyberattacks
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Lack of investments from the managements
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
5. Global Phenylbenzimidazole Sulfonic Acid Market - Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. Global Phenylbenzimidazole Sulfonic Acid Market - COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. Global Phenylbenzimidazole Sulfonic Acid Market - By Application
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 7.1.2. Market Attractiveness Index, By Application
- 7.2. Sunscreen*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Lotion
- 7.4. Others
8. Global Phenylbenzimidazole Sulfonic Acid Market - By Product Type
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 8.1.2. Market Attractiveness Index, By Product Type
- 8.2. Purity (Less than 95%)*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Purity (Less than 97%)
- 8.4. Purity (Less than 98%)
- 8.5. Purity (Less than 99%)
9. Global Phenylbenzimidazole Sulfonic Acid Market - By Region
- 9.1. Introduction
- 9.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.3. Market Attractiveness Index, By Region
- 9.4. North America*
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.4.5.1. U.S.
- 9.4.5.2. Canada
- 9.4.5.3. Mexico
- 9.5. Europe
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.5.5.1. Germany
- 9.5.5.2. UK
- 9.5.5.3. France
- 9.5.5.4. Italy
- 9.5.5.5. Spain
- 9.5.5.6. Rest of Europe
- 9.6. South America
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.6.5.1. Brazil
- 9.6.5.2. Argentina
- 9.6.5.3. Rest of South America
- 9.7. Asia-Pacific
- 9.7.1. Introduction
- 9.7.2. Key Region-Specific Dynamics
- 9.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 9.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.7.5.1. China
- 9.7.5.2. India
- 9.7.5.3. Japan
- 9.7.5.4. Australia
- 9.7.5.5. Rest of Asia-Pacific
- 9.8. Middle East and Africa
- 9.8.1. Introduction
- 9.8.2. Key Region-Specific Dynamics
- 9.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 9.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10. Global Phenylbenzimidazole Sulfonic Acid Market - Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
11. Global Phenylbenzimidazole Sulfonic Acid Market- Company Profiles
- 11.1. Merck KGaA*
- 11.1.1. Company Overview
- 11.1.2. Component Portfolio and Description
- 11.1.3. Key Highlights
- 11.1.4. Financial Overview
- 11.2. DSM
- 11.3. Corey Organics
- 11.4. Belchem
- 11.5. UNIPROMA
- 11.6. BASF SE
- 11.7. Shandong Ench Chemical Co., Ltd.
- 11.8. Hebei Saiyi Technology Co.Ltd
- 11.9. Hairui Chemical
- 11.10. Shanghai Hanhong Chemical
LIST NOT EXHAUSTIVE
12. Global Phenylbenzimidazole Sulfonic Acid Market - Premium Insights
13. Global Phenylbenzimidazole Sulfonic Acid Market - DataM
- 13.1. Appendix
- 13.2. About Us and Services
- 13.3. Contact Us
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