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Beauty And Personal Care Surfactants Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | BASF SE, Akzo Nobel N.V., Kao Corporation, Stepan Company, Rhodia, Clariant AG, Evonik Industries AG
Beauty And Personal Care Surfactants Market Size
The Business Research Company offers in-depth market insights through Beauty And Personal Care Surfactants Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The beauty and personal care surfactants market size has grown strongly in recent years. It will grow from $10.39 billion in 2023 to $11.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to cosmetic industry growth, rising consumer awareness about personal hygiene and grooming, increasing demand for personal care products, rapid urbanization.
The beauty and personal care surfactants market size is expected to see strong growth in the next few years. It will grow to $15.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rising e-commerce, emerging markets, rise in disposable income, rise in focus on aesthetics. Major trends in the forecast period include clean beauty products, microbiome-friendly formulations, sustainable sourcing, anti-pollution products, biodegradable surfactants.
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Market Segmentation:
The main types of beauty and personal care surfactants are non-ionic, cationic, amphoteric, anionic, and others. Non-ionic refers to the type of surfactant that do not yield any net charge in a solution and are generally mild, commonly used in hand and body moisturizers. They are of different origins such as synthetic surfactants, and bio-based surfactants. The applications for beauty and personal care surfactants include hair care, skincare, and other applications.
Major Driver - Embracing Sustainability Through The Rise Of Waterless Beauty And Personal Care Products
The increasing demand for various waterless products is propelling the growth of the beauty and personal care surfactants market. Commonly, beauty and personal care products are made up of 60-80% of water, getting rid of H20 from that list helps manufacturers add more active ingredients adding to the beauty formula, requiring fewer preservatives too. Furthermore, waterless products are also environmentally friendly, it is estimated that two-thirds of the world's population may face shortages by 2025. The beauty industry, after agriculture, laps up the most water, waterless products also reduce the carbon footprint, are lighter to transport, require lesser packaging, and are much more compact, making them a preferred option amongst major manufacturers.
Competitive Landscape:
Major companies operating in the beauty and personal care surfactants market include BASF SE, Akzo Nobel N.V., Kao Corporation, Stepan Company, Rhodia, Clariant AG, Evonik Industries AG, Croda International PLC, Huntsman International LLC, Solvay SA, Dow Inc., DuPont de Nemours Inc., Ashland Global Holdings Inc., Nouryon Holding B.V., Indorama Ventures Public Company Limited, Lonza Group AG, Galaxy Surfactants Limited, Lubrizol Corporation, Innospec Inc., Colonial Chemical Inc., Pilot Chemical Corp., Oxiteno S.A. Indústria e Comércio, KLK OLEO, Sasol Limited, Akema S.r.l., Jarchem Industries Inc., Vantage Specialty Ingredients Inc., Seppic S.A., Gattefossé SAS, Nikko Chemicals Co. Ltd.
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Top Trend - Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers
Major companies operating in the beauty and personal care surfactants market are focusing on innovative products such as peptovitae series to drive revenues in their market. Peptovitae series is a set of four patented peptides that constitute a novel class of biomimetic peptides created by scientific means. For instance, in January 2022, BASF SE, a Germany-based beauty and personal care products manufacturing company launched peptovitae series. With the Peptovitae line, consumers can create unique and inventive treatments for a wide spectrum of skin issues. The new bioactives from BASF's care creations line of personal care products are designed to combat signs of aging, improve skin brightness, calm and moisturize skin, and improve skin that is prone to dryness and irritation .
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Beauty And Personal Care Surfactants Market Characteristics
3. Beauty And Personal Care Surfactants Market Trends And Strategies
4. Beauty And Personal Care Surfactants Market - Macro Economic Scenario
5. Beauty And Personal Care Surfactants Market Size And Growth
…..
27. Beauty And Personal Care Surfactants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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