The Personal Care Chemicals Market is predicted to grow at a robust CAGR over the forecast period (2019-2026).

The factors driving the growth of Personal Care Chemicals Market includes growing demand for beauty and skin care products around the world, increasing consumers preference for bio-based and natural personal care ingredients and rising geriatric population. According to the report published by World Health Organization (WHO), proportion of population aged 60 and above will nearly double from 12% to 22% between 2015 and 2050, which will boost the demand for personal care chemical products in the approaching years. Moreover, the technological innovations in ingredient processing, easy availability of liquid soaps, shampoos and hair oil products at the e-commerce platforms and offline distribution channels, increasing adoption of advanced technologies by manufacturers and rise in the launch of new products are some of the additional factors supplementing the Personal Care Chemicals Market share. In addition, the increasing investments by major companies on research and development, strategic mergers and collaborations between key industry players, improvements in the living standards, rising disposable incomes, and rapid urbanization, are further propelling the Personal Care Chemicals Market size.

However, the growth of Personal Carew Chemicals Market is hindered due to strict regulations imposed by Government on the use of certain cosmetic products.

The prominent players operating in the market are Akzo Nobel N.V., Clariant AG, The DOW Chemical Company, BASF SE, Croda International PLC, Evonik Industries AG, Merck KGaA, Koninklijke DSM N.V., Wacker Chemie AG, Lonza Group Ltd., and Solvay SA, among others.

Based on Ingredient, the Inactive Ingredients segment is anticipated to expand at a remarkable CAGR during the forecast period

Increasing use of inactive ingredients in moisturizers, face cleansers, conditioners and shampoos, is pushing growth of the segment.

Based on application, the Skin Care segment is estimated to capture the largest market share over the forecast period

The skin care products are gaining popularity worldwide because it helps in removing acne, brightens the skin along with its anti-ageing properties, are some of the factors responsible for the segment’s growth

Based on Region, the Asia-Pacific region is expected to grow at a significant CAGR during the forecast period

Easy availability of personal care products at the online platforms, rise in the purchasing power of customers, rapid urbanization, growing investments by domestic players on improving the packaging of their products, and high population growth rates, are some of the key  factors that are supporting the market growth in Asia-Pacific.

Key Developments

  • In 2019, BASF SE entered into a strategic partnership with siHealth Ltd, to exclusively market optronic technologies and scientifically based satellite to the personal care industry across the globe.
  • In 2018, BASF SE launched new solutions i.e., Euperlan® OP White and Cegesoft® Peel to meet the demand for the personal care market.
  • In 2018, Clariant AG developed a durable magenta shade for coloring anodized aluminum for cosmetic products

Market Segmentation

Segmentation by Ingredients

  • Active Ingredients
    • Conditioning Agents
    • UV Ingredients
    • Anti-ageing
    • Exfoliants
    • Other
  • Inactive Ingredients
    • Surfactants
    • Emulsifiers
    • Emollients
    • Colorants

Segmentation by Application

  • Skin Care
  • Hair Care
  • Cosmetics
  • Fragrances
  • Oral Care
  • Other

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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