Global Personal Care Chemicals Market Insights Forecasts to 2033

• The Global Personal Care Chemicals Market Size was Valued at USD 13.61 Billion in 2023
• The Market Size is Growing at a CAGR of 3.84% from 2023 to 2033
• The Worldwide Personal Care Chemicals Size is Expected to Reach USD 19.83 Billion by 2033
• Europe is expected to Grow the fastest during the forecast period.

The Global Personal Care Chemicals Market Size is Anticipated to Exceed USD 19.83 Billion by 2033, Growing at a CAGR of 3.84% from 2023 to 2033.

Market Overview:

A chemical that can be used for well-being, exquisiteness, and housework purposes is known as a personal care chemical. The worldwide personal care chemicals market is existence by increasing awareness of beauty and skincare products, as well as an upsurge in procurement power. The worldwide personal care chemicals market entails growing consumer concern about their well-being, a mounting middle class in emerging countries, and a growth in the elderly demographic. The rising demand for active components in personal care products will subsidize the worldwide personal care chemicals market. Additionally, rising disposable income and shifting consumer lifestyles will drive up market demand for the personal care chemicals market. Personal care products include a wide range of products projected to enhance cleanliness, appearance, and worldwide well-being. The administration's support for the chemical manufacturing expansion is also driving the market growth. For instance, The Basic Chemicals, Cosmetics, and Dyes Export Promotion Council, also known as CHEMEXCIL, was recognized by the Ministry of Commerce and Industry of the Government of India to indorse the export of cosmetics, soaps, toiletries, and essential oils.

Report Coverage:

This research report categorizes the market for the global personal care chemicals market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global personal care chemicals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global personal care chemicals market.

Driving Factors:

Rising discretionary spending is boosting consumers' purchasing power and changing their standard of comfort, which is projected to fuel the growth of the personal care chemicals market. Personnel are growing more self-aware, and as a consequence, they are starting to use skin care at earlier ages to prevent the signs of aging, which will help the market grow. Innovative ideas in self-care products and a greater understanding of health are driving up demand for personal care products, creating potential for merchants in the international personal care chemical market. Rising contamination levels in emerging economies such as China and India have led to increased consumer demand for protective personal care products which will drive the market growth.

Restraining Factors:

Rigorous government laws and regulations controlling the use of certain hazardous chemicals could hinder the development of the worldwide personal care chemical market.

Market Segmentation:

The global personal care chemicals market share is classified into source, ingredients, and end-user.

• The synthetic segment has the highest share of the market during the estimated period.

Based on the source, the global personal care chemicals market is categorized into synthetics and organic. Among these, the synthetic segment has the highest share of the market during the estimated period. The synthetic chemical which is broadly used in the personal care industry and can drive the growth of the segment. They will have an impact on the product's implementation, the formulation's fluid sensitivity, and active ingredient delivery. Synthetic products are less expensive and are widely used in the manufacture of personal care products. Lotions and creams frequently include synthetic thickeners. Carbomers, a water-swellable acrylic acid polymer capable of forming clear gels, are the most commonly used thickeners.

• The emollients segment is expected to boost the market growth throughout the forecast period.

Based on the ingredients, the global personal care chemicals market is categorized into emollients, surfactants, rheology modifiers, emulsifiers, and conditioning polymers. Among these, the emollients segment is expected to boost the market growth throughout the forecast period. Emollients are used in skincare formulas to help keep skin moisturized. They also contribute to the retention of moisture on the skin's outer layer. They are typically used to soften dry, rough, and flaky skin. Furthermore, with the rise in pollution and damaging UV radiation, there is a demand for cosmetics and hair care products that can protect the skin and hair. As a result, the demand for emollients that benefit from generating a protective layer has increased over the anticipated period.

• The skincare segment has the greatest share of the market over the forecast 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 segment has the greatest share of the market over the forecast period. Skincare products are intended to improve and preserve the appearance of human skin. There are several products on the market that contain alpha-hydroxy acids and retinol, including cleansers, toners, body lotions, oils serums, and creams. Skincare solutions help to repair dying skin cells on a regular basis and counteract aging symptoms like wrinkles, fine lines, and age spots, all while maintaining general skin health. The skincare sector has seen a shift in demand from older customers to a rising younger population.

Regional Segment Analysis of the Global Personal Care Chemicals Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is projected to hold the largest share of the global personal care chemicals market over the forecast period.

The Asia-Pacific personal care chemicals market will expand significantly during the projected period, driven by expanding economies in Southeast Asia, such as India, Indonesia, and Malaysia, as well as rising disposable income in developed countries like Japan and China. Furthermore, the region's desire for natural or organic items has increased as people become more concerned about their health and fitness. These considerations have driven manufacturers to upgrade their product offerings in order to suit shifting consumer demands. Factors such as rising consumer awareness of ingredients, a growing middle class with increased disposable means, and shifting lifestyles in emerging economies are all driving to the growth of the personal care chemicals market.

Europe region is also expected to fastest CAGR growth during the forecast period. This growth is being driven by rising consumer interest in personal care and wellbeing, improved distribution channels, and a growing demand for youthful-looking skin among men and women. Germany is Europe's top revenue-generating country due to increased demand for anti-aging and men's grooming products. Furthermore, diverse climates, changing lifestyles, and a greater need for environmentally friendly and cruelty-free products will all contribute to the personal care market's growth during this period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global personal care chemicals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies:

• 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
• Others

Key Market Developments:

• In March 2023, BASF Personal Care debuted KerasyliumTM, a new hair care component that aids in the healing of damaged hair while also protecting it from daily aggressors, at in-cosmetics Global in Barcelona. Kerasylium is a microcomplex made up of peptides and nutrients.

• In March 2022, Dow presented a variety of breakthrough solutions from its enlarged personal care portfolio at in-cosmetics Global 2022, which was held in Paris, France from April 5-7 (booth F80) and virtually from April 11-22. Dow's product introductions, as well as its brand-new ECOllaboration Concepts Collection, highlight best-in-class examples of how innovative formulations help to meet the global demand for more sustainable cosmetic components.

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