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Global Personal Care Chemicals Market Size, Share, Forecast: By Ingredients: Inactive Ingredients, Active Ingredients; By Sources: Organic, Synthetic; By Application: Skin Care, Hair Care, Cosmetics, Fragrances, Oral Care, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Personal Care Chemicals Market Outlook
The global market for personal care chemicals reached a value of about USD 20.85 billion in 2023. The market is expected to grow at a CAGR of about 5.30 % in the forecast period of 2024-2032 to reach a value of around USD 33.18 billion by 2032.
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Asia Pacific to be Among the Significant Regional Markets for Personal Care Chemicals
Asia Pacific is anticipated to be one of the largest markets for personal care chemicals. The personal care chemicals sector in India and China is expected to register continuous growth, with increasing shelf space in retail stores and boutiques in India. Improving the economic environment and rising purchasing power of the Indian population are expected to increase the country's adoption of personal care products, thereby driving the demand for personal care chemicals. Moreover, the increasing adoption of men’s grooming products is expected to have a favourable effect on the market. The growing younger population in emerging economies can amplify market growth. Increasing consumer awareness of ingredients, rising middle class with higher disposable income, and changing lifestyles in developing countries are some factors fuelling the personal care chemicals market.
Moreover, the rising inspiration to look young and charming among the ageing population of western countries is keeping the growth rate steady in the North American and European markets. The increasing demand for natural and green ingredients in personal care products is expected to augment the market growth in the upcoming years. Increasing R&D investments by manufacturers, coupled with associated technological innovations, is further driving the market growth.
Skin Care Application to Witness Highest Growth
Skin care application dominates the global personal care chemicals market owing to the increasing youth population, growing purchasing power among urban households, and preference for a sophisticated lifestyle. People are increasingly becoming more self-aware and have started using skin care at an increasingly young age to delay the signs of ageing. Every year, new skincare products are being launched by various beauty brands, and the trend is likely to grow soon owing to the remarkable growth in such segments. Such factors are likely to drive the market for skin care products and hence the demand for personal care chemicals through the forecast period.
Market Segmentations: Personal Care Chemicals
Personal care chemicals are the raw materials used to make skincare products worldwide. These compounds can be utilised in skincare products as antifungal, anti-ageing, skin conditioning, and other properties. Ingredients can also be divided into active and inactive categories. Anti-ageing agents, exfoliants, conditioning agents, and UV protection agents are active components, while surfactants, preservatives, colourants, and polymer compounds are inactive ingredients.
By ingredients, the personal care chemicals market can be divided into:
- Inactive Ingredients
- Surfactants
- Emulsifiers
- Emollients
- Colorants
- Preservatives
- Active Ingredients
- Conditioning Agents
- UV Ingredients
- Anti-ageing
- Exfoliants
- Others
The various sources of the market are:
- Organic
- Synthetic
The major applications of the market are:
- Skin Care
- Hair Care
- Cosmetics
- Fragrances
- Oral Care
- Others
The regional markets for the personal care chemicals can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Increasing Disposable Income Propelling the Market Growth
Increasing disposable income is propelling the consumers' purchasing power and resulting in a shift in living standards, which is predicted to propel the market forward between 2024 and 2032. Innovations in self-care products and increased health awareness are driving the demand for personal care goods, providing opportunities for vendors in the global personal care chemicals market. Surging pollution levels in developing countries like India and China also result in consumers buying more protective personal care products. Growing inspiration to look young and charming among the ageing population of western countries is keeping the growth rate steady.
Moreover, increasing demand for natural and green ingredients in personal care products is expected to augment the global market in the upcoming years. High investments in innovation and technology have resulted in the development of many new chemicals and ingredient-based personnel care products in recent years, thereby aiding the market growth. Growing urbanisation, increasing working women, changing lifestyles, and rising awareness regarding hygiene and skin care are some of the critical drivers of the market.
Key Players in the Global Market for Personal Care Chemicals
The report gives a detailed analysis of the following key players in the global personal care chemicals market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ashland Global Holdings Inc.
- Merck KGaA
- BASF SE
- Clariant International Ltd
- Evonik Industries AG
- Nouryon Chemicals Holding B.V.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Ingredients |
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| Breakup by Sources |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Personal Care Chemicals Market Analysis
8.1 Key Industry Highlights
8.2 Global Personal Care Chemicals Historical Market (2018-2023)
8.3 Global Personal Care Chemicals Market Forecast (2024-2032)
8.4 Global Personal Care Chemicals Market by Ingredients
8.4.1 Inactive Ingredients
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Surfactants
8.4.1.3.2 Emulsifiers
8.4.1.3.3 Emollients
8.4.1.3.4 Colorants
8.4.1.3.5 Preservatives
8.4.2 Active Ingredients
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Conditioning Agents
8.4.2.3.2 UV Ingredients
8.4.2.3.3 Anti-ageing
8.4.2.3.4 Exfoliants
8.4.2.3.5 Others
8.5 Global Personal Care Chemicals Market by Sources
8.5.1 Organic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Synthetic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Personal Care Chemicals Market by Application
8.6.1 Skin Care
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Hair Care
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Cosmetics
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Fragrances
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Oral Care
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Personal Care Chemicals Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Personal Care Chemicals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Personal Care Chemicals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Personal Care Chemicals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Personal Care Chemicals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Personal Care Chemicals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Ashland Global Holdings Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Merck KGaA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 BASF SE
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Clariant International Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Evonik Industries AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Nouryon Chemicals Holding B.V.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Personal Care Chemicals Market: Key Industry Highlights, 2018 and 2032
2. Global Personal Care Chemicals Historical Market: Breakup by Ingredients (USD Billion), 2018-2023
3. Global Personal Care Chemicals Market Forecast: Breakup by Ingredients (USD Billion), 2024-2032
4. Global Personal Care Chemicals Historical Market: Breakup by Sources (USD Billion), 2018-2023
5. Global Personal Care Chemicals Market Forecast: Breakup by Sources (USD Billion), 2024-2032
6. Global Personal Care Chemicals Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Personal Care Chemicals Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Personal Care Chemicals Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Personal Care Chemicals Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Personal Care Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Personal Care Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Personal Care Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Personal Care Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Personal Care Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Personal Care Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Personal Care Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Personal Care Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Personal Care Chemicals Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Personal Care Chemicals Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Personal Care Chemicals Market Structure.
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 20.85 billion.
The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 33.18 billion by 2032.
The major drivers of the market include the increasing adoption of men’s grooming products, surging pollution levels, growing inspiration to look young and charming, increasing demand for natural and green ingredients, high investments in innovation and technology, growing urbanisation, increasing number of working women, and changing lifestyles.
Increasing disposable income and awareness regarding hygiene and skin care are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different ingredients are inactive ingredients and active ingredients. Inactive ingredients are further divided into surfactants, emulsifiers, emollients, colorants, and preservatives, while active ingredients are sub-divided into conditioning agents, UV ingredients, anti-ageing, and exfoliants, among others.
The various sources of the market are organic and synthetic.
These chemicals find extensive applications in skin care, hair care, cosmetics, fragrances, and oral care, among others.
The major players in the industry are Ashland Global Holdings Inc., Merck KGaA, BASF SE, Clariant International Ltd, Evonik Industries AG, and Nouryon Chemicals Holding B.V., among others.
Analyst Review
The global personal care chemicals market attained a value of USD 20.85 billion in 2023, driven by the increasing disposable income. Aided by the growing adoption of men’s grooming products and rising awareness regarding hygiene and skin care, the market is expected to grow at a CAGR of 5.30% in the forecast period of 2024-2032. The market is projected to reach USD 33.18 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different ingredients are inactive ingredients and active ingredients. Inactive ingredients are further divided into surfactants, emulsifiers, emollients, colorants, and preservatives, while active ingredients are sub-divided into conditioning agents, UV ingredients, anti-ageing, and exfoliants, among others. The various sources of the market are organic and synthetic. The major applications of the market are skin care, hair care, cosmetics, fragrances, and oral care, among others. The major regional markets for the personal care chemicals are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Ashland Global Holdings Inc., Merck KGaA, BASF SE, Clariant International Ltd, Evonik Industries AG, and Nouryon Chemicals Holding B.V., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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