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Personal Care and Cosmetic Preservatives Market is Expected to Witness Healthy Growth at ~4% CAGR through 2029
Personal Care and Cosmetic Preservatives Market
Global Personal Care and Cosmetic Preservatives supply-demand continues to be impacted by broader developments in the chemicals sector.
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Growing demand for personal care products from the men’s segment and heightening consumption of anti-aging products are poised to drive the market at a steady CAGR of ~4% during the forecast period.
How will Personal Care and Cosmetic Preservatives Sales Grow in 2021 and Beyond
The Personal Care and Cosmetic Preservatives industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies. Overall, demand for Personal Care and Cosmetic Preservatives will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
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Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million. Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm. The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
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Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Key Personal Care and Cosmetic Preservatives Market Segments
By application, the key segments include
• Rinse Off
• Shampoos
• Conditioners
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Personal Care and Cosmetic Preservatives companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
Key Regions Analyzed
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa
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Key Country-wise Inclusions
• US Personal Care and Cosmetic Preservatives Market
• Canada Personal Care and Cosmetic Preservatives Sales
• Germany Personal Care and Cosmetic Preservatives Production
• UK Personal Care and Cosmetic Preservatives Industry
• France Personal Care and Cosmetic Preservatives Market
• Spain Personal Care and Cosmetic Preservatives Supply-Demand
• Italy Personal Care and Cosmetic Preservatives Outlook
• Russia & Cis Market Analysis
• China Personal Care and Cosmetic Preservatives Market Intelligence
• India Personal Care and Cosmetic Preservatives Demand Assessment
• Japan Personal Care and Cosmetic Preservatives Supply Assessment
• ASEAN Personal Care and Cosmetic Preservatives Market Scenario
• Brazil Personal Care and Cosmetic Preservatives Sales Analysis
• Mexico Personal Care and Cosmetic Preservatives Sales Intelligence
• GCC Personal Care and Cosmetic Preservatives Market Assessment
• South Africa Personal Care and Cosmetic Preservatives Market Outlook
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