ALBANY, New York, October 28, 2015 /PRNewswire/ --
Transparency Market Research has published a new report, titled "Personal Care Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023." According to the report, the global personal care ingredients market was valued at US$7.46 billion in 2014 and is expected to reach US$11.76 billion in 2023, expanding at a CAGR of 5.2% between 2015 and 2023.
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Personal care ingredients are employed in the production of personal care products that are used by consumers on regular basis. Personal care ingredients are distinguished by product segment. Personal care ingredients are categorized into seven types: surfactants, conditioning polymers, emollients, rheology control agents, emulsifiers, antimicrobials, and others (UV absorbers and hair fixative polymers).
Surfactants accounted for over 30% share of the global personal care ingredients market in 2014. Demand for surfactants in the manufacture of skin care and hair care products is estimated to rise at a rapid pace during the forecast period. Furthermore, high demand for conditioning polymers in hair care applications is projected to fuel the personal care ingredients market during the forecast period.
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In terms of application, the personal care ingredients market can be segmented into skin care, hair care, oral care, cosmetics, and others (including fragrances and toiletries). Skin care application held a major demand based share of the global personal care ingredients market. Demand for personal care ingredients in skin care and hair care applications is likely to increase at the fastest pace during the forecast period.
In terms of demand, Asia Pacific accounted for the largest share of the global personal care ingredients market in 2014, primarily due to high consumption in China and India. Other countries in Southeast Asia also constituted significant share of the personal care ingredients market in 2014. The personal care ingredients market in Asia Pacific is expected to expand significantly during the forecast period due to increase in usage of personal care products in the region. This, in turn, is estimated to boost the demand for personal care ingredients in Asia Pacific.
Companies such as BASF SE, Evonik, Akzo Nobel N.V., Ashland, Dow Corning Corporation, Lonza Group Ltd., Croda International Plc, Solvay Wacker Chemie AG, and Clariant operate in the global personal care ingredients market.
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The Report Segments the Global Personal Care Ingredients Market as follows:
Personal Care Ingredients Market - Product Segment Analysis
- Conditioning polymers
- Rheology control agents
- Others (Including UV absorbers and hair fixative polymers)
Personal Care Ingredients Market - Application Analysis
- Skin care
- Hair care
- Oral care
- Others (Including fragrances and toiletries)
Personal Care Ingredients Market - Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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