Global Polymers Market for Cosmetic Ingredients: Overview
Polymers account for key share of the cosmetics & personal care industry, as they are used in diverse applications such as film formers, fixatives, rheology modifiers, associative thickeners, emulsifiers, stimuli-responsive agents, conditioners, foam stabilizers and destabilizers, skin-feel beneficial agents, and antimicrobials. The usage of polymers in cosmetics is extensive; innovative advances in polymer science and nano-science are driving the creation of scientifically sophisticated products. The inclusion of polymers in personal care and cosmetic ingredients has improved the performance of several products in terms of water resistance and other long lasting properties. A wide range of natural, organic, and synthetic polymers are employed in various cosmetic and personal care products to aid applications such as surfactants, emulsifiers, emollients, and rheology modifiers. Polymer ingredients are used in cosmetic and personal care products such as skin care, sun care, hair fixative and film former, color cosmetics, and toiletries.
Natural polymers such as starch, xanthan or guar gum, carrageenan, alginates, polysaccharides, pectin, gelatin, agar, and cellulose derivatives are largely used as thickening agents. They help increase the viscosity of cosmetic products. Of late, several developments have taken place to increase the usage of natural polymers in personal care products. This has led to the development of combining hydrophobic and hydrophilic polymers into block and star copolymers and thermally responsive systems.
Several innovations are being carried out in the cosmetics industry in order to meet the rise in need for cosmetics. 3D makeup printing is one such innovation, which allows the creation of custom-color makeup using the Mink printer and FDA-approved polymer ingredients. However, several concerns have been raised owing to the use of synthetic polymers in personal care ingredients, as these have several negative impacts on human as well as environment health.
Global polymers market for cosmetic ingredients: Key Segments
Based on function, the polymers market for cosmetic ingredients can be segmented into film forming, gelling agents, fixatives, thickeners, emulsifiers, foam stabilizers, and conditioners. This indicates that polymers are used in a wide range of products.
Based on type, the polymers market for cosmetic ingredients can be bifurcated into natural and synthetic polymers. Synthetic polymers are further sub-segmented into silicone, nylon, PVC plastic, Teflon, and bakelite. Natural polymers include rubber, amber, protein, and cellulose.
In terms of region, the polymers market for cosmetic ingredients can be split into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific, especially China and India, and Latin America, led by Brazil and Argentina, are projected to exhibit promising growth for suppliers of ingredients. This is largely ascribed to the rapid urbanization, changing lifestyles, and increasing per capita income in these regions.
Global polymers market for cosmetic ingredients: Key Players
Key players operating in the global polymers market for cosmetic ingredients include BASF SE, Akzonobel N.V., Croda International Plc, The Dow Chemical Company, and Eastman Chemical Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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