Market Definition: Global Active Ingredients Market
Active ingredients are biologically active substance that provides direct effect in the diagnosis, cure, mitigation, treatment or prevention of disease of the human body. It has its wide application in skin care, and hair care. Increasing demand for multifunctional ingredients may act as the major driver in the growth of active ingredients market. On the other side, high cost of organic products may hamper the market.
Major Market Drivers: Global Active Ingredients Market
- Increasing demand for multifunctional ingredients
- Accelerating demand for anti-ageing, skin whitening, and sun protection products
- High cost of organic products
The Global Active Ingredients Marketaccounted for USD 3.4 billion in 2016 and projected to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Competitive Landscape: Global Active Ingredients Market
The global active ingredients market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors
Some of the major players in global active ingredients market include Solvay, Koninklijke Ten Cate Bv. TEIJIN LIMITED, TORAY INDUSTRIES, INC., SGL Group, Celanese Corporation, Covestro AG, POLYONE CORPORATION, PlastiComp, Inc., AEROSUD, Akzo Nobel N.V., Ashland, BASF SE, Clariant, Evonik Industries AG, Lonza, Gattefossé, Lucas Meyer Cosmetics, Croda International Plc, SEPPIC, CP Kelco, Eastman Chemical Company, Emery Oleochemicals, Givaudan, Symrise, Sonneborn LLC., Vantage Specialty Ingredients, Inc., United-Guardian, Inc., and others.
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Market Segmentation:Global Active Ingredients Market
On the basis of functionality, global active ingredients market is segmented into conditioning agent, UV filters, anti-ageing agents, and skin lightening agents.
On the basis of application, the global active ingredients market is segmented into skin care, hair care. The skin care segment is further sub segmented into body care, face care, and sun care. The hair care segment is further sub segmented into shampoos, and dyes.
On the basis of geography, the global active ingredients market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Research Methodology: Global Active Ingredients Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your enquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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