Global Personal Care Chemicals Market Size To Worth USD 19.83 Billion By 2033 | CAGR Of 3.84%
Category: Chemicals & MaterialsGlobal Personal Care Chemicals Market Size To Worth USD 19.83 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Personal Care Chemicals Market is to Grow from USD 13.61 Billion in 2023 to USD 19.83 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.84% during the projected period.
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Browse key industry insights spread across 250 pages with 140 Market data tables and figures & charts from the report on the "Global Personal Care Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Source (Synthetics and Organic), By Ingredients (Emollients, Surfactants, Rheology Modifier, Emulsifiers, and Conditioning Polymer), By End-User (Skincare, Hair Care, Oral Care, Cosmetics, and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/personal-care-chemicals-market
A personal care chemical is one can be used for health, beauty, or cleaning. The global personal care chemicals market exists due to rising knowledge of beauty and skincare products, as well as an increase in purchasing power. The global personal care chemicals market is driven by rising consumer concerns about their health, an expanding middle class in emerging nations, and an aging population. The increasing demand for active ingredients in personal care products will support the global personal care chemicals market. In addition, increased disposable income and changing consumer lifestyles will increase market demand for personal care chemicals. However, the strict rules and regulations could hinder the market growth.
The synthetic sector accounts for the majority of the market during the predicted timeframe.
Based on the source, the global personal care chemicals market is divided into synthetics and organic. Among these, the synthetic sector accounts for the majority of the market during the predicted timeframe. The synthetic chemical, which is widely employed in the personal care business, has the potential to fuel segment expansion. They will affect the product's implementation, fluid sensitivity, and active component delivery. Synthetic materials are less costly and commonly employed in the production of personal care products. Lotions and lotions typically include synthetic thickeners. Carbomers, a water-swellable acrylic acid polymer capable of generating transparent gels, are the most widely used thickeners.
The emollient sector is likely to drive market expansion over the forecast period.
Based on the ingredients, the global personal care chemicals market is divided into emollients, surfactants, rheology modifiers, emulsifiers, and conditioning polymers. Among these, the emollient sector is likely to drive market expansion over the forecast period. Emollients are used in skincare formulations to keep the skin hydrated. They also help to retain moisture on the skin's outer layer. They are commonly used to soften dry, rough, and flaky skins. Furthermore, with the increase in pollution and harmful UV radiation, there is a demand for cosmetics and hair care products that protect the skin and hair. As a result, the demand for emollients that provide a protective layer has risen throughout the forecast period.
The skincare sector is expected to hold the largest market share over the projection period.
Based on the end-user, the global personal care chemicals market is categorized into skincare, hair care, oral care, cosmetics, and others. Among these, the skincare sector is expected to hold the largest market share over the projection period. Skincare products aim to improve and maintain the look of human skin. Alpha-hydroxy acids and retinol can be found in a variety of products, including cleansers, toners, body lotions, oils, serums, and creams. Skincare products assist in restoring dying skin cells on a regular basis and combat aging signs such as wrinkles, fine lines, and age spots, all while preserving overall skin health. Demand for skin care has shifted away from elderly clients and toward a growing younger demographic.
Asia-Pacific is having the biggest share of the global personal care chemicals market over the forecast period.
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The Asia-Pacific personal care chemicals market is expected to grow considerably during the forecast period, driven by increasing economies in Southeast Asia, such as India, Indonesia, and Malaysia, as well as increased disposable income in developed nations such as Japan and China. Furthermore, as individuals become more concerned about their health and fitness, there is a growing demand for natural or organic products in the region. These factors have prompted manufacturers to improve their product offerings in order to meet changing customer preferences.
Europe is predicted to grow fastest pace throughout the forecast period. This expansion is being driven by expanding consumer interest in personal care and wellness, improved distribution channels, and a growing desire for youthful-looking skin among both men and women. Germany is Europe's leading income generator due to rising demand for anti-aging and men's grooming products.
Major vendors in the global personal care chemicals market include, Ashland, Croda International PLC, Lonza, Nouryon, Wacker Chemie AG, Innospec, Stepan Company, Merck KGaA, Corbion, The Lubrizol Corporation, Galaxy Surfactants, Sasol Limited, BASF SE, DOW, Solvay, Evonik, Clariant, and Others.
Recent Developments
- In March 2023, BASF Personal Care introduced KerasyliumTM, a new hair care component that promotes the recovery of damaged hair while also protecting it from daily aggressors, at in-cosmetics Global in Barcelona. Kerasylium is a microcomplex composed of peptides and nutrients.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global personal care chemicals market based on the below-mentioned segments:
Global Personal Care Chemicals Market, By Source
- Synthetics
- Organic
Global Personal Care Chemicals Market, By Ingredients
- Emollients
- Surfactants
- Rheology Modifier
- Emulsifiers
- Conditioning Polymer
Global Personal Care Chemicals Market, By End-User
- Skincare
- Hair Care
- Oral Care
- Cosmetics
- Others
Global Personal Care Chemicals Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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