5 Major Insights Into The Beauty And Personal Care Surfactants Market Report 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The Business Research Company’s Beauty And Personal Care Surfactants Global Market Report 2024 offers crucial insights into the beauty and personal care surfactants market help businesses analyse and build stronger strategies.
The beauty and personal care surfactants market have experienced substantial growth in recent years, witnessing a rise from $10.39 billion in 2023 to an anticipated $11.22 billion in 2024, reflecting a robust Compound Annual Growth Rate (CAGR) of 8.0%. This surge can be credited to the expanding cosmetic industry, heightened consumer awareness regarding personal hygiene and grooming, the escalating demand for personal care products, and the ongoing wave of rapid urbanization.
Anticipating Radiant Horizons: Forecasted Growth and Key Drivers
- Projections for the Near Future
The beauty and personal care surfactants market is poised for continued growth, expecting to reach $15.2 billion in 2028 at a steady CAGR of 7.9%. This anticipated growth is driven by factors such as the increasing dominance of e-commerce, the emergence of new markets, a rise in disposable income, and a heightened focus on aesthetics. Key trends expected to shape the market in the forecast period include the prevalence of clean beauty products, the popularity of microbiome-friendly formulations, the emphasis on sustainable sourcing, the rise of anti-pollution products, and a growing inclination towards biodegradable surfactants.
Sustainable Splash: Waterless Beauty and Personal Care Products
- The Waterless Revolution
The demand for waterless beauty and personal care products is a significant catalyst for market growth. Traditionally, these products are composed of 60-80% water, and removing water from the equation allows manufacturers to incorporate more active ingredients into formulations, requiring fewer preservatives. Beyond the beauty benefits, waterless products contribute to environmental sustainability. With two-thirds of the world facing potential water shortages by 2025, the beauty industry’s shift towards waterless products reduces the carbon footprint, lowers transportation weight, minimizes packaging requirements, and offers a more compact and eco-friendly option.
- Major Industry Players
Leading the charge in the beauty and personal care surfactants market are major companies such as BASF SE, Akzo Nobel N.V., Kao Corporation, Stepan Company, Clariant AG, and many others. These industry giants are at the forefront of introducing sustainable practices, aligning their strategies with the global push towards environmental responsibility.
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Innovations Shaping the Industry: Peptovitae Series
- BASF’s Peptovitae Series
Major companies in the market are investing in product innovations to cater to evolving consumer needs. BASF SE, for instance, launched the Peptovitae series in January 2022. Comprising four patented peptides, this biomimetic peptide series offers a novel approach to skincare. These peptides target various skin concerns, including aging signs, skin brightness improvement, skin calming, and moisturization. This innovation reflects the industry’s commitment to staying ahead of skincare trends and providing effective solutions.
Strategic Acquisitions: Celanese Corporation and DuPont de Nemours Inc.
- Celanese Corporation’s Expansion Move
In February 2022, Celanese Corporation acquired DuPont de Nemours Inc. for $11 billion, making significant waves in the beauty and personal care surfactants market. This acquisition expands Celanese’s Engineered Materials (EM) portfolio, incorporating new polymers, renowned brands, advanced product technology, and crucial polymer backward integration. The move is expected to enhance free cash flow, facilitate quick deleveraging, and strengthen the overall industry landscape.
Market Segmentation: Understanding Variety
- Detailed Market Segmentation
The beauty and personal care surfactants market showcases diversity in its segmentation:
- By Type: Non-Ionic, Cationic, Amphoteric, Anionic, Other Types.
- By Origin: Synthetic Surfactants, Bio-Based Surfactants.
- By Application: Hair Care, Skin Care, Other Applications.
- Regional Dynamics: Asia-Pacific Leading the Way
In 2023, Asia-Pacific emerged as the largest region in the beauty and personal care surfactants market, signifying the region’s dominance. Looking ahead, Asia-Pacific is projected to be the fastest-growing region in the forecast period, emphasizing the global nature of the industry and the growing influence of Asian markets.
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The Beauty And Personal Care Surfactants Global Market Report 2024 provides a comprehensive outlook of the beauty and personal care surfactants market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The beauty and personal care surfactants market forecast offers a thorough analysis onbeauty and personal care surfactantsmarket size, beauty and personal care surfactants market share,prominent players and their strategies.
The Table Of Content For The Beauty And Personal Care Surfactants Market Include:
1. Beauty And Personal Care Surfactants Market Executive Summary
2. Beauty And Personal Care Surfactants Market Segments
3. Beauty And Personal Care Surfactants Market Size And Beauty And Personal Care Surfactants Market Growth Rate
4. Key Beauty And Personal Care Surfactants Market Trends
5. Major Beauty And Personal Care Surfactants Market Drivers
……
25. Key Mergers And Acquisitions In The Beauty And Personal Care Surfactants Market
26. Top Beauty And Personal Care Surfactants Companies
27. Beauty And Personal Care Surfactants Market Opportunities And Strategies
28. Beauty And Personal Care Surfactants Market, Conclusions And Recommendations
29. Appendix
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