Phenomenal Growth of North America Personal Care Specialty Ingredients Market from Demand and Supply
The rising consumer responsiveness towards hygiene and personal care is expected to remain a key factor steering market growth over the next decade. The North America Personal Care Specialty Ingredients Market value is anticipated to reach USD 4.7 billion by 2025, according to a new report by Grand View Research, Inc.
Cosmetic products consumption patterns have changed drastically over the past few years in the region. The growing aging population mainly in the U.S. and increasing air pollution has led to the rising demand for multispecialty cosmetic products. In order to cater to the rising demand, the manufacturers have increased the R&D investments for specialty ingredients which have dramatically enhanced the production processes over the past few years.
Surfactant was the leading active product segment in the North America market in 2015. Its chemical properties make it compatible with several other ingredients and this factor can be attributed to the high penetration of surfactant in the personal care industry. North America cosmetic surfactants market is estimated to reach a net worth exceeding USD 580 million by 2025.
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The anionics were the dominant surfactant product category owing to its use in a variety of beauty products, such as hair care, skin care and color cosmetics. The regional industry for anionic surfactants was valued at USD 154.5 million in 2015 and is projected to grow at a CAGR of 5.9% from 2016 to 2025.
Top Players of North America Personal Care Specialty Ingredients Market:
Key players include BASF, DuPont, Ashland, Evonik, DSM, Croda, Lonza, and Kao Specialties Americas.
Market Segmentation of North America Personal Care Specialty Ingredients Industry:
The North America Personal Care Specialty Ingredient Market segmented on the basis of Product and Region.
By Product:
Active
Surfactant
Amphoteric
Anionic
Cationic
Non-ionic
Emollient
Emollient Ester
Natural oil
UV Absorber
Organic
Inorganic
Conditioning Polymer
Silicone
Polyquaternium
Conditioning Protein
Antimicrobial
Preservative
Bacteriostats
Antidandruff
Inactive
By Region:
US
Canada
Mexico
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