Personal Care Ingredients Market is Anticipated to Reach US$11.76 Billion in 2023, Expanding at a CAGR of 5.2% Between 2015 and 2023: Transparency Market Research

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Transparency Market Research

Oct 28, 2015, 09:30 ET

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.

Browse Research Report with Analysis: http://www.transparencymarketresearch.com/personal-care-ingredients-market.html

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.

Browse Regional Analysis: http://www.europlat.org/asia-pacific-to-continue-personal-care-ingredients-market-dominance-global-market-to-reach-us11-76-bn-by-2023.htm

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 

  • Surfactants
  • Conditioning polymers
  • Emollients
  • Rheology control agents
  • Emulsifiers
  • Antimicrobials
  • Others (Including UV absorbers and hair fixative polymers)

Personal Care Ingredients Market - Application Analysis 

  • Skin care
  • Hair care
  • Oral care
  • Cosmetics
  • Others (Including fragrances and toiletries)

Personal Care Ingredients Market - Regional Analysis 

North America 

  • U.S.
  • Rest of North America

Europe 

  • Germany
  • Italy
  • Spain
  • U.K.
  • France
  • Rest of Europe

Asia Pacific 

  • China
  • Japan
  • ASEAN
  • Rest of Asia Pacific

Latin America 

  • Brazil
  • Rest of Latin America

Middle East & Africa 

  • GCC
  • South Africa
  • Rest of Middle East & Africa

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About Us 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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