Personal Care Chemicals Market by Product and Geography - Forecast and Analysis 2022-2026
| Published: Apr 2022 | Pages: 138 | SKU: IRTNTR73102 |
The personal care chemicals market share is expected to increase by USD 28.28 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.23%.
This personal care chemicals market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers personal care chemicals market segmentation by product (skin care, hair care, cosmetics, fragrances, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The personal care chemicals market report also offers information on several market vendors, including Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc., Clariant International Ltd., Corbion NV, Croda International Plc, Galaxy Surfactants Ltd., Huntsman International LLC, Innospec Inc., Lonza Group Ltd., Merck KGaA, Nouryon Chemicals Holding BV, RAG-Stiftung, Sasol Ltd., Solvay SA, Stepan Co., The Dow Chemical Co., and Wacker Chemie AG among others.
What will the Personal Care Chemicals Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Personal Care Chemicals Market Size for the Forecast Period and Other Important Statistics
Personal Care Chemicals Market: Key Drivers, Trends, and Challenges
The growth in e-commerce sales of personal care products is notably driving the personal care chemicals market growth, although factors such as stringent government regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the personal care chemicals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Personal Care Chemicals Market Driver
The growth in e-commerce sales of personal care products is one of the key drivers supporting the personal care chemicals market growth. Nowadays, people do not have much time for leisure activities because of their busy schedules, therefore, they prefer to shop online due to its convenience rather than visit a physical store. Furthermore, the prices offered to customers are often lower on e-commerce platforms when compared with physical stores because of the reduction in the overhead costs when products are sold through online platforms. Moreover, many international and national vendors are selling personal care products through e-retailing websites, which helps promote and enhance their brands. Retailing is witnessing an enormous shift with the rising dominance of the e-commerce sector. These factors are driving the personal care chemicals market growth.
Key Personal Care Chemicals Market Trend
Growing demand for male personal care products is one of the key personal care chemicals market trends that is contributing to the market growth. The male grooming product sector is a lucrative market, and personal care products are among the popular products in this segment. The popularity of male grooming products has increased as men increasingly use them as a part of their daily grooming routine. Nowadays, they spend more on male-specific toiletries than on shaving products. Brands focus on providing innovative personal care products targeted at male customers. To gain an edge over other brands and to address the growing and rapid changes in consumer demand, personal care product manufacturers have been encouraged to introduce gender-specific products. Such initiatives will propel the personal care chemicals market growth during the forecast period.
Key Personal Care Chemicals Market Challenge
Stringent government regulations is one of the factors hindering the personal care chemicals market growth. For instance, importers in Europe, which import more than one ton of ingredients and chemicals for personal care products, are obliged to register them with the EU's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) regulation central authority. Chemicals and ingredients used in personal care products that are not registered cannot be used in the EU unless they are exempt. Such stringent laws relating to the assessment of personal care products and the mandatory registration of chemicals used in the products act as an entry barrier for potential vendors in the global personal care chemicals market and pose a challenge for potential and existing market players in the market. Such challenges can hamper the growth of the market during the forecast period.
This personal care chemicals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global personal care chemicals market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the personal care chemicals market during the forecast period.
Who are the Major Personal Care Chemicals Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Ashland Global Holdings Inc.
- BASF SE
- Berkshire Hathaway Inc.
- Clariant International Ltd.
- Corbion NV
- Croda International Plc
- Galaxy Surfactants Ltd.
- Huntsman International LLC
- Innospec Inc.
- Lonza Group Ltd.
- Merck KGaA
- Nouryon Chemicals Holding BV
- RAG-Stiftung
- Sasol Ltd.
- Solvay SA
- Stepan Co.
- The Dow Chemical Co.
- Wacker Chemie AG
This statistical study of the personal care chemicals market encompasses successful business strategies deployed by the key vendors. The personal care chemicals market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Ashland Global Holdings Inc. - Under the life sciences segment, the company offers controlled-release polymers, disintegrants, film coatings, solubilizers, and tablet binders.
- Ashland Global Holdings Inc. - The company offers personal care chemicals such as 2-Pyrol 2-pyrrolidone and 2-Pyrrolidone (2-Pyrol solvent).
To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The personal care chemicals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Personal Care Chemicals Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the personal care chemicals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Personal Care Chemicals Market?
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44% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for personal care chemicals in APAC. Market growth in this region will be faster than the growth of the market in North America and South America.
The increasing consumption of cosmetic products by millennials will facilitate the personal care chemicals market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional personal care chemicals market. However, due to the availability of COVID-19 vaccines, there was a decline in the number of COVID-19 cases in the region. Thus, the COVID-19 restrictions were lifted, which led to the reopening of factories and warehouses of vendors. These factors will drive the regional personal care chemicals market growth during the forecast period.
What are the Revenue-generating Product Segments in the Personal Care Chemicals Market?
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The personal care chemicals market share growth in the skincare segment will be significant during the forecast period. Skincare products include serum, toners, and others. These products aim at providing cleansing and protection to the skin from external factors. Personal care chemicals are used in skin care products as emulsifiers, emollients, opacifiers, softeners, and others. These applications have led to their increased use in the personal care industry in a wide range of applications. Such increasing use of skin care products will drive the personal care chemicals market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the personal care chemicals market size and actionable market insights on the post-COVID-19 impact on each segment.
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Personal Care Chemicals Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.23% |
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Market growth 2022-2026 |
$ 28.28 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.67 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc., Clariant International Ltd., Corbion NV, Croda International Plc, Galaxy Surfactants Ltd., Huntsman International LLC, Innospec Inc., Lonza Group Ltd., Merck KGaA, Nouryon Chemicals Holding BV, RAG-Stiftung, Sasol Ltd., Solvay SA, Stepan Co., The Dow Chemical Co., and Wacker Chemie AG |
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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, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Personal Care Chemicals Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive personal care chemicals market growth during the next five years
- Precise estimation of the personal care chemicals market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the personal care chemicals industry across APAC, Europe, North America, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of personal care chemicals market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Skin care - Market size and forecast 2021-2026
- Exhibit 28: Chart on Skin care - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Skin care - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Skin care - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Skin care - Year-over-year growth 2021-2026 (%)
- 5.4 Hair care - Market size and forecast 2021-2026
- Exhibit 32: Chart on Hair care - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Hair care - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Hair care - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Hair care - Year-over-year growth 2021-2026 (%)
- 5.5 Cosmetics - Market size and forecast 2021-2026
- Exhibit 36: Chart on Cosmetics - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Cosmetics - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Cosmetics - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Cosmetics - Year-over-year growth 2021-2026 (%)
- 5.6 Fragrances - Market size and forecast 2021-2026
- Exhibit 40: Chart on Fragrances - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Fragrances - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Fragrances - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Fragrances - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Product
- Exhibit 48: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Ashland Global Holdings Inc.
- Exhibit 101: Ashland Global Holdings Inc. - Overview
- Exhibit 102: Ashland Global Holdings Inc. - Business segments
- Exhibit 103: Ashland Global Holdings Inc. - Key news
- Exhibit 104: Ashland Global Holdings Inc. - Key offerings
- Exhibit 105: Ashland Global Holdings Inc. - Segment focus
- 10.4 BASF SE
- Exhibit 106: BASF SE - Overview
- Exhibit 107: BASF SE - Business segments
- Exhibit 108: BASF SE - Key news
- Exhibit 109: BASF SE - Key offerings
- Exhibit 110: BASF SE - Segment focus
- 10.5 Clariant International Ltd.
- Exhibit 111: Clariant International Ltd. - Overview
- Exhibit 112: Clariant International Ltd. - Business segments
- Exhibit 113: Clariant International Ltd. - Key news
- Exhibit 114: Clariant International Ltd. - Key offerings
- Exhibit 115: Clariant International Ltd. - Segment focus
- 10.6 Croda International Plc
- Exhibit 116: Croda International Plc - Overview
- Exhibit 117: Croda International Plc - Business segments
- Exhibit 118: Croda International Plc - Key offerings
- Exhibit 119: Croda International Plc - Segment focus
- 10.7 Lonza Group Ltd.
- Exhibit 120: Lonza Group Ltd. - Overview
- Exhibit 121: Lonza Group Ltd. - Business segments
- Exhibit 122: Lonza Group Ltd. - Key offerings
- Exhibit 123: Lonza Group Ltd. - Segment focus
- 10.8 Nouryon Chemicals Holding BV
- Exhibit 124: Nouryon Chemicals Holding BV - Overview
- Exhibit 125: Nouryon Chemicals Holding BV - Business segments
- Exhibit 126: Nouryon Chemicals Holding BV - Key news
- Exhibit 127: Nouryon Chemicals Holding BV - Key offerings
- Exhibit 128: Nouryon Chemicals Holding BV - Segment focus
- 10.9 RAG-Stiftung
- Exhibit 129: RAG-Stiftung - Overview
- Exhibit 130: RAG-Stiftung - Product / Service
- Exhibit 131: RAG-Stiftung - Key offerings
- 10.10 Solvay SA
- Exhibit 132: Solvay SA - Overview
- Exhibit 133: Solvay SA - Business segments
- Exhibit 134: Solvay SA - Key news
- Exhibit 135: Solvay SA - Key offerings
- Exhibit 136: Solvay SA - Segment focus
- 10.11 The Dow Chemical Co.
- Exhibit 137: The Dow Chemical Co. - Overview
- Exhibit 138: The Dow Chemical Co. - Business segments
- Exhibit 139: The Dow Chemical Co. - Key news
- Exhibit 140: The Dow Chemical Co. - Key offerings
- Exhibit 141: The Dow Chemical Co. - Segment focus
- 10.12 Wacker Chemie AG
- Exhibit 142: Wacker Chemie AG - Overview
- Exhibit 143: Wacker Chemie AG - Business segments
- Exhibit 144: Wacker Chemie AG - Key offerings
- Exhibit 145: Wacker Chemie AG - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 146: Inclusions checklist
- Exhibit 147: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 148: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 149: Research methodology
- Exhibit 150: Validation techniques employed for market sizing
- Exhibit 151: Information sources
- 11.5 List of abbreviations
- Exhibit 152: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
personal care chemicals market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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