Press release
EMEA Personal Care and Cleaning Chemicals Market 2020 Global Insights and Trends – BASF SE, DowDuPont Inc., Solvay SA, Evonik Industries, AkzoNobel N.V
EMEA Personal Care and Cleaning Chemicals Market - Forecast(2020 - 2025)The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of EMEA Personal Care and Cleaning Chemicals Market on the basis of stating current situation of the industry in 2020.
EMEA personal care and cleaning chemicals market is forecast to reach $25 billion by 2025, after growing at a CAGR of 5% during 2020-2025.
The growth of EMEA personal care and cleaning chemicals market is mainly driven the increasing initiatives by industry players to enhance the existing products through Research and Development (R&D). Apart from that, the growing demand for halal products, climate conditions, and growing population in Middle and Africa are also playing a pivotal role in supporting the growth of EMEA personal care and cleaning chemicals market.
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The following Companies are covered
BASF SE, DowDuPont Inc., Solvay SA, Evonik Industries, AkzoNobel N.V., Symrise AG, Lanxess AG, and Ashland Global Holdings Inc. among others.
Market Segmentation by Types:
Surfactants hold the largest market share of the EMEA personal care and cleaning chemicals market in 2020, followed by esters segment; while mild surfactants are expected to witness the highest growth rate during the forecast period. The growing demand for personal care products, supported by increasing household disposable income, has played a significant role in increasing the demand for surfactants. The personal care industry use amphoteric surfactants owing to its mild and skin-friendly features. Further, in 2020, the Organization for Economic Co-operation and Development (OECD) reported a 3.5% year on year (y-o-y) growth in the European Unions household disposable income.
Market Segmentation by Applications:
Cleaning segment held the largest share in EMEA personal care and cleaning chemicals market in 2020, followed by personal care segment; while the personal care segment is expected to witness the highest growth rate during the forecast period. The personal care industry will remain the most attractive market for Europe chemical manufacturers in the forecast period.
Consumers are getting more aware of the organic and natural care products, around 80% the demand from Spain is driven by natural products, which were not tested on animals. The growing consumer demand for organic and natural care products has actuated many industry players to change their planning their production and R&D activities per their customers viewpoint.
Product Launches/ Merger and Acquisition/Product Development
- In March 2020, Evonik acquired cosmetics specialist Dr. Straetmans GmbH of Hamburg, Germany. Dr. Straetmans GmbH specializes in developing and marketing alternative preservatives for the cosmetic industry. The move allows Evonik to complement the broad specialties portfolio of its cosmetics business and to further consolidate its position as a leading global partner for the cosmetics industry.
- In April 2020, Ashland launched personal care products that are designed to add significant value to industry-leading hair, face and body products. FiberHance bm builds core hair strength without compromising color; Antaron helps sunscreen formulations deliver SPF 50+ UV (ultraviolet) protection without greasiness; and Harmoniance, one of Ashlands biofunctional products, helps users care for aging skin in multiple ways.
- In February 2020, Symrise developed the sensory ingredient for use in creams, gels, and balms and it is readily available to cosmetic formulators.
- In July 2020, Symrise launched a SymControl Care active ingredient product that regulates the skins sebum production and strengthens the skin barrier.
The Main objectives of this report are:
• To analyze global EMEA Personal Care and Cleaning Chemicals status, future forecast, growth opportunity, key market and key players.
• To present the EMEA Personal Care and Cleaning Chemicals development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.
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The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Furthermore, this study will help to solve the following issues:
• Cyclical Dynamics-Report foresee dynamics of industries by using core analytical and unconventional market research approaches.
• Identifying key cannibalizes– Strong substitute of a product or service is the most prominent threat. Report includes key cannibalizes of a market, by procuring market research. This helps in aligning new product development/launch strategies in advance.
• Spotting emerging trends- Report helps to spot upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by a particular emerging trend.
• Interrelated opportunities- This report will allow to make decisions based on data, thereby increasing the chances that the strategies will perform better.
Key Takeaways from this Report
- Europe dominates the EMEA personal care and cleaning chemicals market. European cosmetics, especially the branded products with the designer labels, are considered as high-end products in the global market. The German personal care and cleaning chemicals market accounted for the highest revenue share in 2020.
- The increasing demand for personal care chemicals, supported by the rising consumer awareness towards ingredients and the rising middle class with higher disposable income, is fueling the demand for surfactants.
- The demand for cleaning products is mainly driven by the more demanding lifestyles of people that require cleaning products, which are efficient and requires less time to clean things.
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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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Irfan Tamboli (Head of Sales)-Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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