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.
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.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides an overview of the pricing trend and its impact on the market