|05-29-2018 03:17 PM CET - Business, Economy, Finances, Banking & Insurance||
Quaternium-15 Market Future Prediction Report 2017: Quaternium-15 Phase-Out to Intensify the Market Challenge
Press release from: Fact.MR
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of quaternium-15 market. The study is titled as “Quaternium-15 Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2027”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2018-2027. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global quaternium-15 market.
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Stringent Regulatory Framework Continues to Create Challenges for Wide-spread Adoption of Quaternium-15
The market for quaternium-15 is projected to grow at a staggering rate under the influence of stringent regulatory frameworks. Quaternium-15 is an ammonium salt which is used as a preservative in the cosmetics industry, the pharmaceutical industry, and other industrial applications. As an ingredient, it is found in personal care products such as soaps and shampoos and in industrial wax, ink, polishes, paints, and metal-working fluids. Although once considered as an important preservative, quaternium-15 releases formaldehyde and, hence, is classified under the category of carcinogenic, mutagenic, and reprotoxic – CMR substance. While experiencing the resistance of stringent regulations, steady demand from the cosmetics industry is likely to support the dwindling growth of the quaternium-15 market.
Regulatory Frameworks Influencing the Market Growth
As preservatives are indispensable to prevent the growth of microorganisms, cosmetic products such as skin care, hair care, as well as nail care include quaternium-15 as a preservative. However, they are the most common cause of contact dermatitis, and quaternium-15 is among the top 10 listed allergens by the European Commission. After formaldehyde’s classification under CMR 1B substance, products containing or releasing formaldehyde were banned for the introduction in the market. Further, the US Occupational Safety and Health Administration (OSHA) has introduced limits on the amount of formaldehyde that workers can be exposed. With such intensified regulations over the use of formaldehyde, the quaternium-15 market is expected to grow slowly in the future.
Quaternium-15 Phase-Out to Intensify the Market Challenge
The maximum allowed concentration of quaternium-15 as a preservative is 0.2%. The chemical has been studied to cause allergies or other harmful effects when used in higher doses. However, raised consumer awareness for product ingredients has led to choosing the products that have a clean label as opposed to those containing hazardous chemicals. On account of this, leading manufacturers of cosmetics are actively adopting the exemption of chemicals that are hazardous to human health. For instance, Johnson & Johnson, a well-known personal care product manufacturer, following the obligation from consumers, phased out quaternium-15 or any other formaldehyde-releasing ingredient from their baby products. In addition, the manufacturer has also introduced natural personal care product line without formaldehyde.
Browse Report- www.factmr.com/report/769/quaternium-15-market
Emerging Alternatives to Hinder the Market Growth
With the rising concern of chemicals used in consumer products and their harmful health impacts, natural preservatives are sought-after to replace synthetic preservatives. For instance, Nisin is a natural preservative successfully employed in the food industry. It is a bacteriocin derived from Lactococcus lactis bacteria. Apart from the food industry, the preservatives are under study to be used in cosmetics and topical products with the aim to replace synthetic preservatives in current products. As preservatives are indispensable in cosmetic products, entry of new natural preservatives in the market is likely to influence future growth of the quaternium-15 market.
Clean Labels Barricade Adoption of Quaternium-15 Containing Products
Cosmetics and personal care industry titans including Procter & Gamble, Johnson & Johnson, and Unilever, have voluntarily revealed their product ingredients to enhance transparency between the products and consumers. The clean label initiative has increased the pool of aware consumers that seek in-depth knowledge about products they consume. As quaternium-15 is listed among CMR substances, consumers are seeking labels without such allergens. Thus, with the increased preference for product transparency, demand for cosmetics and personal care products containing quaternium-15 market is likely to witness challenges in coming future.
In addition, it has been studied that quaternium-15 also have environmental impacts in terms of waterways contamination which negatively affect aquatic ecosystems and animals.
Persistent Rise of the Cosmetics Industry to Support the Market Growth
The growth of the cosmetics industry remains largely impervious to the global economic scenario. Driven by changing consumer demographics and traditional as well as modern preferences, the market for beauty products and cosmetics continues to grow steadily. Quaternium-15 is considered safe if used under the maximum allowed concentrations. Although industry titans are actively involved in the quaternium-15 phase out, small and medium-sized market players that target middle and lower-class population, continue to introduce the cost-effective quaternium-15 in cosmetics. Because of this, the demand for this preservative in the cosmetics industry is estimated to support the plunging market of quaternium-15 in the review period.
Pre-book Global Quaternium-15 Market Forecast Report- www.factmr.com/checkout/769/S
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Chemical & Materials market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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