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Personal Care Chemicals Market Share, Growth, Region Wise Analysis of Top Players, Application, Driver, Existing Trends and Forecasts 2024

Personal Care Chemicals Market is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Personal Care Chemicals market, identifying potential of the Personal Care Chemicals markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.

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Market Overview:

  • The market for personal care chemicals is anticipated to register a CAGR of more than 5% during the forecast period 2019-2024. Cosmetics and personal care products are designed to cleanse, protect and change the appearance of external parts of an individual. There are more than thousands of different cosmetic products on the market currently, all with differing combinations of ingredients to provide the desired effect required by the individual using the product.
  • – Growing awareness among beauty & skin care products and increasing demand for products with active ingredients are augmenting the market’s growth.
  • – Stringent government regulations limiting the use of certain cosmetic chemicals is likely to hinder the market’s growth.
  • – Growing customer demand for natural ingredients opening opportunities for technical innovation is projected to act as an opportunity for the market in future.<

    Key Market Trends:

    Skin Care Application to Witness Higher Potential Growth

    – Skin care application dominated the global personal care chemicals market in 2018 with an estimated share of around 40%. Increasing youth population, growing purchasing power among urban households, preference for a sophisticated lifestyle is driving the market for skin care products globally.
    – The global skin care market is expected to grow at an average rate of around 5% annually. The industry has witnessed a shift of demand from older consumers to a growing younger consumer base. People are increasingly becoming more self-aware about themselves and hence started using skin care at an increasingly young age in order to delay the signs of aging.
    – Every single year, new skin care products are being launched by various beauty brands and the trend is likely to grow in the near future owing to the remarkable growth in such segments. For example, the sudden emergence of sheet-masks has taken the skin care by storm and has experienced remarkable growth through 2018 which is expected to continue through 2019 and 2020 too.
    – Owing to the boom in skin care products, various smaller manufacturers too have ventured into the marketplace to avail the benefits of the continuously thriving industry. Through the last two years, on an average, over 100 new brands debuted in department and specialty stores in the United States.
    – Such positive factors are expected to drive the market for skin care products, and hence the demand for personal care chemicals through the forecast period.

    In Asia-Pacific region, to dominate the Market

    – The personal care chemicals market is expected to register the fastest growth of more than 12% among other Asia-Pacific countries.
    – At present, penetration of personal care products in is comparatively lower when compared to developed or even other developing economies. However, improving economic environment and increasing purchasing power of the n population is expected to increase the adoption of personal care products in the country, thereby driving the demand for personal care chemicals.
    – According to a report published by the Ministry of Economy and Industry, the beauty and personal care (BPC) industry in the country is expected to reach more than USD 10 billion by 2021, at an estimated growth rate of 5%-6% annually. The personal care and cosmetics sector in is expected to register continuous growth, with increasing shelf space in retail stores and boutiques in .
    – Moreover, the increasing adoption of men’s grooming products (growth of more than 42% since the last five years) in the country too is expected to have a favorable effect on the market.
    – According to a study by Assocham, one of the apex trade associations of , the country’s beauty, cosmetic and grooming market is expected to reach USD 20 billion by 2025.
    – Such factors are expected to drive the use of personal care chemicals in the county through the forecast period.

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    Major Key Players are as Follows

  • Ashland
  • Croda International Plc
  • BASF SE
  • Lonza
  • Evonik Industries AG
  • Solvay
  • DowDuPont
  • Nouryon
  • Clariant
  • Wacker Chemie AG
  • Innospec
  • Stepan Company
  • Merck KGaA
  • Huntsman International LLC
  • Corbion
  • The Lubrizol Corporation
  • Galaxy Surfactants Ltd.
  • Sasol

    Scope of the Report:

  • This report studies the global Personal Care Chemicals market size, industry status and forecast, competition landscape and growth opportunity.

    Geographical Regions:

    – China – – Japan – South Korea – United States – Canada – Germany – United Kingdom – Italy – France – Brazil – Argentina – Saudi Arabia – South Africa.

    Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Personal Care Chemicals market report.

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    Reasons to Purchase Personal Care Chemicals Market Report Covered:

    • The report examines how Personal Care Chemicals market will develop in the future.
    • Studying various views of the Personal Care Chemicals market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Personal Care Chemicals market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Personal Care Chemicals market players

    Detailed TOC of Personal Care Chemicals Market – Growth, Trends, and Forecast (2019 – 2024)

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Growing Awareness among Beauty and Skin Care Products
    4.1.2 Increase in Demand for Products with Active Ingredients
    4.1.3 Other Drivers
    4.2 Restraints
    4.2.1 Stringent Government Regulations Limiting the Use of Certain Cosmetic Chemicals
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Ingredients
    5.1.1 Inactive Ingredients
    5.1.1.1 Surfactants
    5.1.1.2 Emulsifiers
    5.1.1.3 Emollients
    5.1.1.4 Colorants
    5.1.1.5 Preservatives
    5.1.2 Active Ingredients
    5.1.2.1 Conditioning Agents
    5.1.2.2 UV Ingredients
    5.1.2.3 Anti-ageing
    5.1.2.4 Exfoliants
    5.1.2.5 Others
    5.2 Application
    5.2.1 Skin Care
    5.2.2 Hair Care
    5.2.3 Cosmetics
    5.2.4 Fragrances
    5.2.5 Oral Care
    5.2.6 Other Applications
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.3
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Rest of
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Ashland
    6.4.2 Croda International Plc
    6.4.3 BASF SE
    6.4.4 Lonza
    6.4.5 Evonik Industries AG
    6.4.6 Solvay
    6.4.7 DowDuPont
    6.4.8 Nouryon
    6.4.9 Clariant
    6.4.10 Wacker Chemie AG
    6.4.11 Innospec
    6.4.12 Stepan Company
    6.4.13 Merck KGaA
    6.4.14 Huntsman International LLC
    6.4.15 Corbion
    6.4.16 The Lubrizol Corporation
    6.4.17 Galaxy Surfactants Ltd.
    6.4.18 Sasol

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Growing Customer Demand for Natural Ingredients Opening Opportunities for Technical Innovation

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    Contact Info:

    Name: Ajay More

    Email: [email protected] 

    Organization: Absolute Reports

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