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The personal care chemicals market size is forecast to increase by USD 30.32 billion, at a CAGR of 4.5% between 2023 and 2028. Market growth in the personal care products sector is influenced by several key factors. Firstly, the exponential growth in e-commerce sales of personal care products has significantly expanded market reach and consumer accessibility globally. This shift towards online shopping platforms has reshaped consumer behavior and distribution channels, driving market expansion. Secondly, strategic initiatives by market vendors, such as product innovation, strategic partnerships, and marketing campaigns, play a crucial role in sustaining competitive advantage and fostering growth. Moreover, the increasing penetration of personal care products in developing economies presents substantial growth opportunities. Rising disposable incomes, urbanization, and changing lifestyles contribute to higher demand in these regions. Together, these factors create a dynamic landscape where digital transformation, strategic foresight, and emerging market dynamics converge to shape the future growth trajectory of the personal care products market.
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The market encompasses a wide range of chemicals used in various applications, including Dyes and pigments for cosmetics, alcohols and acids for skin care and cleaning products. The market is driven by the growing demand for cosmetics and skin care products, particularly in urban households. The Skincare market is a significant segment, with a focus on addressing signs of aging and improving overall skin health. Beauty brands continue to innovate, offering products with natural ingredients and advanced formulations such as Vitamin C Serum, Multi-acid Serum, Niacinamide Serum, and Transformation Creams. Hypochlorite and other disinfectants are essential in the Industrial, Institutional, and Home Cleaning sectors. Oral Care and Nail Care also utilize personal care chemicals, with alcohols and acids used in toothpaste and nail polish removers, respectively. The market is expected to grow due to increasing consumer awareness and demand for effective and eco-friendly products. Key players include Superpristine, ProClean, and various manufacturers of Toilet Cleaner, Bathroom Cleaner, and Floor Cleaner. Overall, the Personal Care Chemicals Market is diverse and dynamic, catering to various industries and consumer needs.
Growth in e-commerce sales of personal care products is notably driving market growth. In today's fast-paced world, e-commerce has gained significant popularity as a convenient and cost-effective shopping solution for various products, including personal care items. With limited time for leisure activities and the allure of lower prices, consumers increasingly opt for online purchasing over traditional retail stores. A multitude of international and domestic vendors capitalize on this trend by selling personal care products via e-retailing platforms, thereby expanding their market reach. Personal care chemicals encompass a wide range of products such as Superpristine's Toilet Cleaner, ProClean's Bathroom Cleaner, and Floor Cleaner. The shift towards organic ingredients has led to the emergence of water-based products as alternatives to solvent-based ones. Mild ingredients, such as sulfate-free anionic surfactants derived from raw materials like soybean, neem, fish oil, xanthan gum, and guar gum, are gaining popularity due to their reduced skin irritation potential.
Further, climatic conditions and regulatory norms influence the production and certification of personal care chemicals. EcoCert, BDIH, Certech, and Soil Association are some certification bodies that ensure the eco-friendliness and safety of these products. The skin care segment, impacted by urbanization, pollution, and UV rays, demands conditioning polymers and emollients to maintain skin health. The hair care segment, plagued by issues like hair loss and dandruff, benefits from active ingredients in the active segment. The inactive segment caters to the basic cleansing needs of consumers. Overall, the personal care chemicals market continues to evolve, driven by consumer preferences and regulatory requirements. Thus, such factors are driving the growth of the market during the forecast period.
Growing demand for male personal care products is the key trend in the market. The market encompasses a wide range of products catering to various segments, including toilet cleaners, bathroom cleaners, and floor cleaners, among others. Brands are increasingly focusing on providing superior personal care solutions for male customers, expanding beyond traditional offerings such as face wash, moisturizers, and sunscreen. For instance, CavinKare Group's entry into the Indian men's grooming market in September 2021 with its new brand Biker's, which offers beard oil, beard cream, and shower gel, exemplifies this trend. Moreover, the demand for personal care products with organic ingredients has been on the rise due to growing health concerns and increased awareness on skin irritation. This shift has led to the development of water-based products as alternatives to solvent-based ones, as well as the use of mild ingredients, such as sulfate-free anionic surfactants, derived from raw materials like soybean, neem, fish oil, xanthan gum, and guar gum.
Climatic conditions, regulatory norms, and certification bodies, such as EcoCert, BDIH, Certech, and Soil Association, also play a significant role in shaping the personal care chemicals market. Urbanization, pollution, and UV rays are among the factors driving the growth of the skin care segment, while hair care remains a significant inactive segment with potential for active growth in areas such as conditioning polymers and emollients. The hair care segment addresses concerns related to hair loss and dandruff, making it an essential part of the personal care chemicals market. Thus, such trends will shape the growth of the market during the forecast period.
Stringent government regulations is the major challenge that affects the growth of the market. The market has experienced a shift towards the use of Superpristine and eco-friendly alternatives due to growing concerns over health and safety. Traditional personal care products, such as Toilet Cleaner, Bathroom Cleaner, and Floor Cleaner, have long relied on synthetic ingredients, including sulfates and solvents. However, these chemicals have been linked to skin irritation and other health issues, leading consumers to seek out organic options. Health forums and online communities have played a significant role in raising awareness about the potential risks of synthetic ingredients. As a result, the Hair care segment has seen a surge in demand for water-based products and sulfate-free anionic surfactants derived from raw materials like soybean, neem, fish oil, xanthan gum, and guar gum. Climatic conditions and regulatory norms also influence the market. Certification bodies, such as EcoCert, BDIH, Certech, and the Soil Association, play a crucial role in certifying eco-friendly and organic personal care products.
The Skin care segment, in particular, has benefited from this trend, as urbanization, pollution, and UV rays contribute to various skin concerns, including aging, acne, and hyperpigmentation. The Inactive segment of the personal care chemicals market, which includes thickeners, emulsifiers, and conditioning polymers, has also seen growth due to the increasing demand for milder, more effective ingredients. The Active segment, which includes ingredients that provide specific benefits, such as antioxidants and sunscreens, is also expanding as consumers seek out products that address their unique concerns. In conclusion, the personal care chemicals market is undergoing a transformation as consumers demand safer, more natural alternatives to synthetic ingredients. The trend towards organic and eco-friendly products is expected to continue, driven by increasing awareness, regulatory requirements, and the desire for healthier, more effective personal care solutions. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ashland Inc. - The company offers personal care chemicals such as 2-Pyrol 2-pyrrolidone and 2-Pyrrolidone (2-Pyrol solvent).
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The skin care segment is estimated to witness significant growth during the forecast period. An In-depth Analysis The Personal Care Chemicals market encompasses a wide range of products, including Dyes and Pigments, Cosmetics, Active and Inactive Ingredients, and various applications such as Skin Care, Body Care, Hair Care, Oral Care, Nail Care, Industrial Cleaning, Institutional Cleaning, and Home Cleaning. Cosmetics utilize Dyes and Pigments for coloring, while Active Ingredients like Vitamin C Serum, Multi-acid Serum, and Niacinamide Serum enhance the efficacy of these products. Natural Ingredients are gaining popularity in the Skincare market, addressing signs of aging and urban household needs.
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The skin care segment was the largest and was valued at USD 30.35 billion in 2018. Skin Care applications include Solid and Liquid Cleaners, such as Hypochlorite, Alcohols, Acid Cleaners, Alkalis, and Surfactants. Cleansing agents like Solvents, Chelating Agents, Ph Regulators, Enzymes, Chlorine Dioxide, Hydrogen Peroxide, Iodophor Disinfectant, and Quaternary Ammonium Compounds are essential for maintaining hygiene in various applications. The Beauty brands continue to innovate with Transformation Creams, offering advanced solutions for diverse consumer needs. The market for Personal Care Chemicals is segmented into Skin Care, Body Care, Hair Care, Oral Care, and Nail Care, with Industrial Cleaning, Institutional Cleaning, and Home Cleaning catering to the industrial and institutional sectors. The market's growth is driven by increasing urbanization, changing consumer preferences, and technological advancements. IndustryARC forecasts a promising future for this market, with continued investment in research and development.
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market encompasses a wide range of products used in various applications, including Dyes and Pigments, Cosmetics, Skin Care, Body Care, Hair Care, Oral Care, Nail Care, Industrial Cleaning, Institutional Cleaning, and Home Cleaning. The market is segmented into Active Ingredients, Natural Ingredients, Inactive Ingredients, and various types of chemicals such as Solid and Liquid Hypochlorite, Alcohols, Acid Cleaners, Alkalis, Surfactants, Solvents, Chelating Agents, Ph Regulators, Enzymes, Chlorine Dioxide, Hydrogen Peroxide, Iodophor Disinfectant, Quaternary Ammonium Compounds, and more. The Skincare market, a significant segment of the Personal Care Chemicals industry, caters to the growing concerns of urban households regarding signs of aging and skin health. Beauty brands continue to innovate with products such as Vitamin C Serum, Multi-acid Serum, Niacinamide Serum, Total Nano Gel, and Transformation Creams. The Cosmetics segment includes Dyes and Pigments, which are essential for color cosmetics, while Active Ingredients are crucial for skincare products' efficacy.
In addition, the Natural Ingredients segment is gaining popularity due to consumer preferences for eco-friendly and organic products. The Personal Care Chemicals industry's growth is driven by the increasing demand for Skin Care, Body Care, Hair Care, and Oral Care products. The market is expected to witness steady growth due to the increasing awareness of personal hygiene and the expanding middle class population in developing countries. The use of chemicals such as Surfactants, Solvents, Chelating Agents, and Ph Regulators ensures the effectiveness and consistency of these products. In conclusion, the Personal Care Chemicals market is a dynamic and diverse industry, catering to various applications and consumer preferences. The market's growth is driven by factors such as increasing urbanization, changing consumer preferences, and technological advancements. The industry's future looks promising, with continued innovation and growth opportunities in various segments.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market encompasses a wide range of chemicals used in various applications within the cosmetics, skincare, and cleaning industries. These chemicals include Dyes and pigments, Active ingredients, Natural ingredients, and Inactive Ingredients. In the realm of cosmetics, Dyes and pigments are utilized to enhance the visual appeal of beauty products. Skin care applications dominate the market, with Urban households being a significant consumer base. The market caters to various concerns, such as signs of aging, and employs a variety of products like Vitamin C Serum, Multi-acid Serum, Niacinamide Serum, and Transformation Creams.
Also, the market also includes Cleaning Chemicals, which are further segmented into Solid and Liquid forms. Cleaning Chemicals comprise Surfactants, Solvents, Chelating Agents, Ph Regulators, Enzymes, Chlorine Dioxide, Hydrogen Peroxide, Iodophor Disinfectant, and Quaternary Ammonium Compounds. IndustryARC reports that the market for Personal Care Chemicals is substantial and diverse, with applications in Skin Care, Body Care, Hair Care, Oral Care, Nail Care, Industrial Cleaning, Institutional Cleaning, and Home Cleaning. Some of the key chemicals in this market include Alcohols, Acid cleaners, Alkalis, and Hypochlorite. The use of Natural ingredients is gaining popularity in the market due to increasing consumer awareness and demand for eco-friendly products. This trend is expected to continue, driving market growth in the coming years.
Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 30.32 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ashland Inc., BASF SE, Berkshire Hathaway Inc., Clariant International Ltd., Corbion nv, Croda International Plc, Dow Inc., Galaxy Surfactants Ltd., Huntsman Corp, Innospec Inc., Lonza Group Ltd., Merck KGaA, Nouryon, RAG Stiftung, Sasol Ltd., Solvay SA, Stepan Co., and Wacker Chemie AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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