Personal Care Ingredients Market: In-Depth Analysis on Size, Market Challenges, Revenue and Top Key Vendors (Evonik, BASF, AkzoNobel, Croda, The Dow Chemical Company, Wacker Chemie, Ashland, Clariant, Lonza, Cargill, Solvay, Eastman Chemical Company) | Gl

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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1753

Personal Care Ingredients Market, By Product

o Surfactants
o Conditioning Polymers
o Emollients
o Rheology Control Agents
o Emulsifiers
o Antimicrobials
o Others (Preservatives, etc.)

Personal Care Ingredients Market, By Application

o Skin Care
o Hair Care
o Oral Care
o Cosmetics
o Others (Toiletries, fragrances, etc.)

Personal Care Ingredients Market size could exceed USD 12 billion by 2024 according to a new research report by Global Market Insights, Inc. Rising involvement of women in urban workforce and growing importance of personal grooming has positively influenced personal care ingredients market growth. People have become more conscious about their appearance which will drive the sales of the personal care products. New product launches will fuel the growth of the industry. Also, the market players are engaged in promotional activities which will considerably increase the sales of personal care products, which in turn will positively impact the personal care ingredients market.

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:

1. Evonik
2. BASF
3. AkzoNobel
4. Croda
5. The Dow Chemical Company
6. Wacker Chemie
7. Ashland
8. Clariant
9. Lonza
10. Cargill
11. Solvay
12. Eastman Chemical Company

People have shifted their focus to milder ingredients which would cause less damage. Anionic surfactants which are sulfate-free are preferred over conventional surfactants such as sodium lauryl ether sulfates.

However, certain federal regulations related to the ingredients can impede the personal care ingredients market growth. Also, the side effects related to the product can have an adverse impact on the personal care ingredients market.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1753

Industry impact forces

Growth drivers

1. Increased demand for cosmetics
2. Adoption of multifunctional personal care products

Industry pitfalls & challenges

1. Compliance with stringent government regulations
2. Side effects of personal care ingredients

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.

Browse key industry insights from the report, “Personal Care Ingredients Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/personal-care-ingredients-market

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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org

This release was published on openPR.