The global personal care specialty ingredients market is expected to reach USD 15.76 billion by 2024, according to a new report by Grand View Research, Inc. Rising consumer awareness towards personal care and hygiene is expected to be a major factor for substantial market growth over the next few years. In addition, increasing disposable income in the emerging economies, particularly in the Asia-Pacific countries such as China and India, is expected to have a positive effect on market growth.
Surfactants accounted for 30.6% of the global active personal care specialty ingredients market in 2015. High penetration of this segment in personal care sector can be attributed to its chemical properties that make it compatible with several other ingredients. The anionics dominated the surfactant product segment owing to its use in a variety of personal care products, such as skin care, hair care and color cosmetics.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/personal-care-specialty-ingredients-market
Further key findings from the report suggest:
·
The inactive personal care specialty ingredients
market is estimated to grow at a CAGR of 5.4% over the forecast period. Growth
in this segment is attributed to the significant product demand in enhancing
the effectiveness of primary components in cosmetic products.
·
Active specialty ingredients are anticipated to
account for 58.6% of the global revenue by 2024. Growing demand for cosmetics
with both conditioning and other functionalities such as UV and anti-dandruff
treatment is expected to steer growth.
·
Conditioning polymers are anticipated to witness
the highest growth of 6.6% over the forecast period. Ongoing research
activities in protein and polyquaternium based ingredients to develop competent
hair conditioning products is expected to offer ample opportunities for
industry participants over the long term.
·
Asia Pacific is expected to remain as the
fastest growing region and is estimated to grow at a CAGR of 6.0% over the next
eight years
·
China market is anticipated to witness high
growth owing to expanding personal care & cosmetics manufacturing bases.
Emollients accounted for 22.1% of the total active ingredients revenue in China
and is expected to reach a net worth of USD 87.2 million by 2024.
·
Key industry participants in the market include
Ashland, BASF, Croda, Evonik, and Dow Chemical. Other major players include
Inolex, Naturex, Clariant International, Vantage Specialty Ingredients,
LotionCrafter, Avenir Ingredients, Treatt, and Cosmetics Ingredients (Pty) Ltd.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the personal care specialty ingredients market on the basis of product, and region:
Global Personal Care Specialty Ingredients Product Outlook (Revenue, USD Million, 2014 - 2024)
·
Active
·
Surfactant
§ Amphoterics
§ Anionics
§ Cationics
§ Non-ionics
§ Others
·
Emollients
§ Emollient
ester
§ Natural
oil
§ Others
·
UV Absorber
§ Organic
§ Inorganic
·
Conditioning polymer
§ Silicone
§ Polyquaternium
§ Conditioning
protein
·
Anti-microbial
§ Preservative
§ Bacteriostat
§ Antidandruff
agent
·
Others
·
Inactive
Global Personal Care Specialty Ingredients Regional Outlook
(Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
o
Italy
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
For press release of this report - http://www.grandviewresearch.com/press-release/global-personal-care-specialty-ingredients-market
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