Personal Care Chemicals & Ingredients Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast, 2009 - 2018

In the past decade the global personal care chemicals and ingredients market has demonstrated rapid growth. It is further expected that this growth will not slacken in the next decade as well. Several factors contribute to this rapid pace of the market; however certain challenges of the past will still persist.

The major driver of this market is the growth in demand for cosmetics and similar items. With the growth in the purchasing power of the people especially the middle class, the demand for products like anti ageing formulas and hair removal items has grown.

The major growth is observed in the market of active ingredients since the bourgeois consumers get easily attracted to the marketing of active ingredients present in the product. The other major influence resulting in the growth of personal care chemicals and ingredients is the increased purchasing power of the middle class consumers. Almost half of the end consumers of this market are the middle class. They play an active role in forming the overall demand for personal care products. Owing to their influence, the ultimate demand by manufacturers of personal care products for chemical ingredients fluctuates.

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On the other hand, the major hold back of this market is the unstable properties of the chemicals like active ingredients. The formulations of active ingredients are unstable. Thus they may disintegrate rapidly in certain formulations which are complex and contain many other ingredients. Hence, safe and stable incorporation of these ingredients in the final product many a times becomes a risky and cost intensive process.

On the basis of their market, the overall personal care chemicals and ingredients can be segmented into chemicals and ingredients required for products in oral care, decorative care, hair care, sun care, body care, facial care and antiperspirants and deodorants. Simultaneously, the major constituents can be classified as active ingredients, lipid layer enhancers, shine concentrates, waxes, protein products, opacifiers, thickeners, chelating agents, UV light stabilizers, humectants, cream bases, solvents, polymers, surfactants and many more.

Geographically the overall market is classified as the markets of North America, Asia Pacific, Europe and Rest of the world.

Some of the major global players in the personal care chemicals and ingredients market are BASF, Aston Chemicals, Dow Chemicals and many more.

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