October 4th, 2022
Personal Care Chemicals Market
The Personal Carew Chemicals Market is predicted to grow at a robust CAGR over the forecast period (2019-2026).
The factors driving the growth of Personal Carew Chemicals Market includes growing demand for beauty and skin care products around the world, increasing consumers preference for bio-based and natural personal care ingredients and growing geriatric population. According to the report published by Statista, the Global Skin Care Market was calculated around USD 136.4 billion in 2020 and this figure is projected to reach USD 187.68 billion by the end of 2026, which will boost the Fruit and Vegetable Juice Market Growth in the approaching years. Moreover, the technological innovations in ingredient processing, easy availability of liquid soaps, shampoos and hair oil products at the e-commerce platforms and increasing adoption of men’s grooming products, are some of the additional factors supplementing the Fruit and Vegetable Juice Market size. In addition, the increasing investments by leading players on research and development, improvements in the living standards, rising disposable incomes, rapid urbanization, and growing population growth rates, are further propelling the Global Personal Care Chemicals Market.
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However, the growth of Personal Carew Chemicals Market is hindered due to Government regulations regarding cosmetic products.
The prominent players operating in the market are Akzo Nobel N.V., Clariant AG, The DOW Chemical Company, BASF SE, Croda International PLC, Evonik Industries AG, Merck KGaA, Koninklijke DSM N.V., Wacker Chemie AG, Lonza Group Ltd., and Solvay SA, among others.
Ingredients: Segment Analysis
Based on Ingredient, the Inactive Ingredients segment is anticipated to expand at a remarkable CAGR during the forecast period attributed to its increasing use of moisturizers, face cleansers, conditioners and shampoos.
Application: Segment Analysis
Based on application, the Skin Care segment is estimated to capture the largest market share over the forecast period. The skin care products are increasingly used across the globe because these products remove acne, brightens the skin along with its anti-ageing properties, are some of the factors responsible for the segment’s growth
Regional: Segment Analysis
Based on Region, the Asia-Pacific region is expected to grow at a significant CAGR during the forecast period. Easy availability of personal care products at the online platforms, rise in the purchasing power, rapid urbanization, growing investments by domestic players on improving the packaging of their products, increasing disposable incomes and high population density, are some of the important factors augmenting the market growth in Asia-Pacific.
Global Personal Care Chemicals Market by Ingredients
Active IngredientsConditioning Agents
Global Personal Care Chemicals Market by Application
Global Fruit and Vegetable Juice Market by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
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