Personal Care Specialty Ingredients Market Size, Share, Growth, Trends and Forecast Report
by Susan Hill Business ConsultantThe
global personal care specialty ingredients market is
expected to reach USD 15.76 billion by 2024, according to a new report by Grand
View Research, Inc. Rising consumer awareness towards personal care and hygiene
is expected to be a major factor for substantial market growth over the next
few years. In addition, increasing disposable income in the emerging economies,
particularly in the Asia-Pacific countries such as China and India, is expected
to have a positive effect on market growth.
Surfactants
accounted for 30.6% of the global active personal care specialty ingredients
market in 2015. High penetration of this segment in personal care sector can be
attributed to its chemical properties that make it compatible with several
other ingredients. The anionics dominated the surfactant
product segment owing to its use in a variety of personal care products, such
as skin care, hair care and color cosmetics.
Further key
findings from the report suggest:
- The inactive
personal care specialty ingredients market is estimated to grow at a CAGR
of 5.4% over the forecast period. Growth in this segment is attributed to
the significant product demand in enhancing the effectiveness of primary
components in cosmetic products.
- Active
specialty ingredients are anticipated to account for 58.6% of the global
revenue by 2024. Growing demand for cosmetics with both conditioning and
other functionalities such as UV and anti-dandruff treatment is expected
to steer growth.
- Conditioning polymers
are anticipated to witness the highest growth of 6.6% over the forecast
period. Ongoing research activities in protein and polyquaternium based
ingredients to develop competent hair conditioning products is expected to
offer ample opportunities for industry participants over the long term.
- Asia Pacific is
expected to remain as the fastest growing region and is estimated to grow
at a CAGR of 6.0% over the next eight years
- China market is
anticipated to witness high growth owing to expanding personal care &
cosmetics manufacturing bases. Emollients accounted for 22.1% of the total
active ingredients revenue in China and is expected to reach a net worth
of USD 87.2 million by 2024.
- Key industry participants in the market include Ashland, BASF, Croda, Evonik, and Dow Chemical. Other major players include Inolex, Naturex, Clariant International, Vantage Specialty Ingredients, LotionCrafter, Avenir Ingredients, Treatt, and Cosmetics Ingredients (Pty) Ltd.
Access full
research report on global personal care specialty ingredients market:
www.grandviewresearch.com/industry-analysis/personal-care-specialty-ingredients-market
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Created on Oct 21st 2019 04:21. Viewed 363 times.