P-Hydroxybenzoic Acid (Phba) Market

By Type;

Industrial Grade and LCP Grade

By Application;

Cosmetics, Pharmaceutical, Liquid Crystal Polymer and Other

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn147701055 Published Date: September, 2025 Updated Date: October, 2025

P-Hydroxybenzoic Acid (Phba) Market Overview

P-Hydroxybenzoic Acid (Phba) Market (USD Million)

P-Hydroxybenzoic Acid (Phba) Market was valued at USD 91.79 million in the year 2024. The size of this market is expected to increase to USD 110.04 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.6%.


P-Hydroxybenzoic Acid (Phba) Market

*Market size in USD million

CAGR 2.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.6 %
Market Size (2024)USD 91.79 Million
Market Size (2031)USD 110.04 Million
Market ConcentrationHigh
Report Pages367
91.79
2024
110.04
2031

Major Players

  • Ottokemi
  • Panjiva, Inc.
  • Labeyond Chemicals Co., Ltd
  • Leuna Carboxylation Plant GmbH
  • Kuraray America, Inc.
  • Kerafast
  • Alta Laboratories Ltd
  • Zhejiang Shengxiao Chemicals Co.,Ltd.
  • Merck KGaA

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

P-Hydroxybenzoic Acid (Phba) Market

Fragmented - Highly competitive market without dominant players


The P-Hydroxybenzoic Acid (PHBA) Market is experiencing consistent growth due to its broad applications in cosmetics, pharmaceuticals, and food preservation. Recognized for its antimicrobial and antioxidant properties, PHBA is essential for enhancing product stability and shelf life. Current industry data indicates that over 45% of PHBA usage is driven by its role as a synthetic preservative in various formulations.

Driving Factors Behind PHBA Demand
The rising consumer preference for long-lasting personal care products is significantly increasing the demand for PHBA in cosmetic formulations, accounting for about 35% of total usage. Meanwhile, the pharmaceutical industry contributes to roughly 25% of market consumption, reflecting PHBA’s critical role in drug stabilization and manufacturing processes. This diverse usage underlines PHBA’s versatility across multiple sectors.

Industrial and Functional Applications
PHBA’s versatile nature makes it a preferred ingredient in many industrial applications. Serving as a key precursor for parabens and other derivatives, it accounts for around 40% of industrial utilization. The compound is increasingly employed in antimicrobial agents, ensuring enhanced product longevity and effectiveness, particularly in cosmetic and pharmaceutical products.

Technological Innovations and Manufacturing Efficiency
Advancements in PHBA synthesis and purification methods are driving higher product quality and performance. Optimized manufacturing techniques have led to a cost reduction of nearly 20%, making PHBA more accessible for industrial adoption. The growing demand for high-purity PHBA emphasizes its importance in specialty pharmaceuticals and premium cosmetic applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. P-Hydroxybenzoic Acid (Phba) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Application in Pharmaceuticals
        2. Rising Awareness in Food Preservation
        3. Advancements in Bio-based Production Methods
      2. Restraints
        1. High Production Costs
        2. Health and Safety Concerns
        3. Competitive Pricing Pressures
      3. Opportunities
        1. Biodegradable Polymers Market Growth
        2. Expansion in Emerging Economies
        3. Strategic Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. P-Hydroxybenzoic Acid (Phba) Market, By Type, 2021 - 2031 (USD Million)
      1. Industrial Grade
      2. LCP Grade
    2. P-Hydroxybenzoic Acid (Phba) Market, By Application, 2021 - 2031 (USD Million)
      1. Cosmetics
      2. Pharmaceutical
      3. Liquid Crystal Polymer
      4. Other
    3. P-Hydroxybenzoic Acid (Phba) Market, By Geography, 2021 - 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ueno Fine Chemicals
      2. Zhejiang Shengxiao
      3. San Fu Chemical
      4. Leuna Carboxylation Plant
      5. 3E New Material / Suqian 3E
      6. Jiangsu Bvco
      7. Salicylates and Chemicals
      8. Alfa Aesar
      9. Anhui Bayi Chemical Industry Co., Ltd.
      10. Charkit Chemical Company LLC
      11. Haihang Industry Co., Ltd.
      12. Nanjing Raymon Biotech Co., Ltd.
      13. Shaoxing Marina Biotechnology Co., Ltd.
      14. Sino Great Enterprise Ltd.
      15. Toronto Research Chemicals Inc.
  7. Analyst Views
  8. Future Outlook of the Market