Personal Care Chemicals Market Prime Economies Expected to Deliver Major Growth Until 2026
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
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Competitive Rivalry of the Personal Care Chemicals Market:
The leading players in the personal care chemicals market include Croda International PLC, Evonik Industries AG, Solvay SA, Lonza Group Ltd., Akzo Nobel N.V., Clariant AG, Merck KGaA, The DOW Chemical Company, Koninklijke DSM N.V., Wacker Chemie AG, and BASF SE, among others.
Drivers of the Personal Care Chemicals Market:
Rising awareness associated with the beauty and skincare products, followed by the growing purchasing power of consumers, are the major factors fuelling the global personal care chemicals market. The other factors responsible for the global personal care chemicals market include increasing concern towards wellbeing among consumers, the growing middle-class population in developing economies, and growth in the geriatric population. Rising demand for personal care products with active ingredients will propel the global personal care chemicals market. In addition to this, growing disposable income and a shift in the lifestyle of consumers will surge the demand for personal care chemicals in the market. On the other hand, rigorous government rules & regulations associated with the usage of certain harmful chemicals will restraint the growth of the global personal care chemical market.
Based on the region, the Asia-pacific region is expected to grow at a higher CAGR during the forecast period owing to the growing disposable income, coupled with the increase in the per-capita spending on personal care products in developing countries such as India, South Korea, and China. Additionally, the increasing availability of affordable personal care products will further accelerate the personal care chemicals market in this region. Growing consumer awareness related to ingredients and the increasing middle-class population, will bolster the growth of the personal care chemicals market in this region.
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Market Segmentation:
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Ingredients:
- Active Ingredients
- Conditioning Agents
- UV Ingredients
- Anti-ageing
- Exfoliants
- Other
- Inactive Ingredients
- Surfactants
- Emulsifiers
- Emollients
- Colorants
Breakup by Application:
- Skin Care
- Hair Care
- Cosmetics
- Fragrances
- Oral Care
- Others
Breakup by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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