Personal Care Ingredients Market Share Industry Size Report 2024 | Top Key Players Evonik, BASF, AkzoNobel, Croda, The Dow Chemical Company, Wacker Chemie, Ashland, Clariant, Lonza, Cargill, Solvay, Eastman Chemical Company
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Multifunctional products market has gained momentum over the past few years. The hectic lifestyle has forced consumers to simplify beauty routines giving a thrust to multifunctional product market. Innovative products have been launched with numerous benefits rolled into one. Plant-derived personal care ingredients have witnessed a rising growth curve, because of the negative attitude towards the production process of products derived from animals. Consumers tend to move towards sustainable, eco-friendly and ethical product brands.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
5. The Dow Chemical Company
6. Wacker Chemie
12. Eastman Chemical Company
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Personal care ingredients include emulsifiers, surfactants, emollients, rheology control agents, conditioning polymers, antimicrobials, etc. In 2016, surfactants segment registered a market revenue of USD 0.78 billion, which is estimated to witness a rising growth curve. Emollients are expected to flourish at a healthy pace with a CAGR of 5.8%.
Personal care ingredients find application in cosmetics, skin care, hair care and oral care products. Synthetic ingredients hold the maximum share in the personal care industry, but the demand for natural ingredients will rise in future. The hair care segment held a revenue of USD 1.9 billion which is anticipated to rise at a healthy rate. The increasing awareness about the products through advertisements has led to increased sales of shampoos, conditioners, etc.
Personal Care Ingredients Market, By Product
o Conditioning Polymers
o Rheology Control Agents
o Others (Preservatives, etc.)
Personal Care Ingredients Market, By Application
o Skin Care
o Hair Care
o Oral Care
o Others (Toiletries, fragrances, etc.)
Browse key industry insights spread across 140 pages with 155 market data tables & 11 figures & charts from the report, “Personal Care Ingredients Market” in detail along with the table of contents:
The sales of the product is likely to be high in Asia Pacific personal care ingredients market, as the demand for cosmetics and personal care products is expected to escalate. The region is expected to record a market revenue of 4.4 billion by 2024. LATAM is expected to witness decent growth over the forecast period. The increasing number of cosmetic brands being established in countries such as Mexico and Brazil will significantly affect the personal care ingredients market growth. The personal care ingredients market in the Middle East is expected to witness a decent growth rate the exceptional growth of local personal care product brands.
Personal care ingredients market is fragmented. Some of the key industry participants in personal care ingredients market include BASF SE, Croda International Plc, Evonik Industries, Dow Corning Corporation, Akzo Nobel N.V., Wacker Chemie AG, Lonza Group Pvt. Ltd., Clariant and Ashland Inc.
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