The Polymer Ingredients Market size is forecast to reach $XX Million by 2027, after growing at a CAGR of 5.2% during 2022-2027. It is expected that the use of specialty active ingredients will extend to developing nations. However, with ageing populations in developing countries such as the U.S. and Japan, demand in the coming years is projected to be high. Increased market awareness has led to a change in purchasing habits, leading to a trend of natural and biological ingredients that are gaining strong momentum in the cosmetics room. The development and commercialization of novel polymer formulations has been propelled by an ever-growing list of anti-aging markets that deliver advantages such as radiance, skin firming, brightening, color correction and wrinkle reduction. In addition, diversifying the commodity mix with several practical advantages provides tremendous opportunities for the development of the demand for polymer ingredients.
The “Polymer Ingredients Market report - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Polymer Ingredients Market.
The conditioning Polymers segment is the largest growing segment of the global Polymer Ingredients Market, in terms of value and volume in 2019. Over the past few years, the use of silicone components in the personal care industry has been growing. Manufacturers of personal care goods make use of polymers in the formulation of their products because they owe the finished product extraordinary characteristics. Because of this, they are used for lipsticks, shampoos, conditioners, toothpaste, hair gels, shower gels, face creams and lotions in other personal care products. Natural or synthetic can be polymer additives that are found in personal care products. The growing use of synthetic polymers, however, raises questions about their biodegradability. Growing customer understanding of the kind of ingredients used in personal care items is also improving R&D operations in the personal care industry for global polymer ingredients. It is also expected to change the future prospects for the personal care industry for global polymer ingredients.
The skin Care segment is the largest growing segment of the global Polymer Ingredients Market, in terms of value and volume in 2019, by growing at a CAGR of 6.4%. The main use category of polymer ingredients has been skin care. These ingredients, in particular, are commonly used in anti-aging products. The development and commercialization of novel polymer formulations has been propelled by an ever-growing list of anti-aging markets that deliver advantages such as radiance, skin firming, brightening, color correction and wrinkle reduction. In addition, diversifying the commodity mix with several practical advantages provides tremendous opportunities for the development of the demand for polymer ingredients. Due to its vast product selection and end product demand, skin care is the main use.
North America dominated the Polymer Ingredients Market share with more than 45.7%, followed by APAC and Europe. In terms of demand, North America dominates the worldwide market for personal care polymer ingredients, led by Western Europe. In North America, the U.S. leads the polymer ingredients market for personal care. It is expected that the use of specialty active ingredients will extend to developing nations. However, with ageing populations in developing countries such as the U.S. and Japan, demand in the coming years is projected to be high. Increased market awareness has led to a change in purchasing habits, leading to a trend of natural and biological ingredients that are gaining strong momentum in the cosmetics room. The largest commodity group remains surfactants, while the section of conditioning polymers is expected to be the fastest growing category in the coming years.
The key factors for the growth of the demand for polymer elements would be increasingly flourishing personal care products and the need for top performers in this field. The growth of this sector will be fueled by rises in disposable income and the emerging youth population. The growth of this market will be propelled further by the rising need for personal hygiene and increased understanding of the type of ingredients used in cosmetics. During the COVID-19 pandemic, this demand could see a dip as the consumption of personal care goods would be at least attributed to the lockdown of most of the global population remaining indoors. Restrictions imposed by the government with regard to the quality of the commodity, the costs involved in the processing and storage of polymer elements, would be the key restrictions faced by this industry.
The impact of COVID-19 and the oil prices war are proving to be a two-pronged crisis for oil, gas, and chemicals companies. Oil prices are dropping due to failed agreements on production cuts and the need for chemicals and refined products is slowing from industrial slow-downs and travel restrictions in the wake of this global pandemic. Because of the effects of the COVID-19 coronavirus, global chemical production declined by 3.1 percent in March 2020. Although chemical production increased in some categories in January 2020 as compared to December 2019, production in February compared to January and in March compared to February declined in every category. Leading manufacturers are reducing capital and operational expenditure in the face of the crisis. Manufacturing operations for these companies have been scaled down to 40%-60% capacity due to labor shortages and disruptions in the supply of raw material. Despite of hike in investment the growth can be impacted by the COVID-19 pandemic crisis till the end of the year 2020. Moreover, the COVID-19 pandemic has further deteriorated the industry which is affected the Gas Separation Membranes market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polymer Ingredients Market. In 2019, the market of polymer ingredients has been consolidated by the top five players accounting for xx% of the share. Major players in the Polymer Ingredients Market are Ashland Inc., Lubrizol Corporation, Eastman Chemical Company, Dow Chemical Company, BASF, Akzonobel N.V., Clariant AG, and among others.
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Polymer Ingredients Market Report Coverage
The “Polymer Ingredients Market report - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Polymer Ingredients Market.
- By Ingredients: Surfactants, Conditioning Polymers, Emulsifiers, Emollients, Rheology Modifiers and Others.
- By Application: Skin Care, Sun Care, Hair Fixative & Film-Former, Color Cosmetic, Toiletries and Others.
- By Geography: North America, South America, Europe, APAC, and RoW.
Key Takeaways
- The components that tend to create high value goods for the application of personal care are polymer ingredients. In personal care, many polymer ingredients such as surfactants, emulsifiers, emollients, rheology modifiers and others are available. In applications such as skin care, sun care, hair fixative and film-former, color cosmetics and toiletries, polymer ingredient items are used.
- Compared to monomers, these additives have improved roles and find their uses in personal care goods. The rise of polymer ingredients is anticipated to propel the flourishing beauty and cosmetics industry. In addition, the use of these additives, combined with an ever-expanding application base, in high-performance personal care offerings expands the reach of this segment.
- Companies in the market for polymer ingredients are taking suggestive steps to overcome the problems arising from the pandemic of COVID-19 (Coronavirus). An exhaustive COVID-19 study offers current approaches and alternate strategies to minimize the effect of Coronavirus on the sales of the demand for polymer ingredients.
Polymer Ingredients Market Segment Analysis - By Ingredients
The conditioning Polymers segment is the largest growing segment of the global Polymer Ingredients Market, in terms of value and volume in 2019. Over the past few years, the use of silicone components in the personal care industry has been growing. Manufacturers of personal care goods make use of polymers in the formulation of their products because they owe the finished product extraordinary characteristics. Because of this, they are used for lipsticks, shampoos, conditioners, toothpaste, hair gels, shower gels, face creams and lotions in other personal care products. Natural or synthetic can be polymer additives that are found in personal care products. The growing use of synthetic polymers, however, raises questions about their biodegradability. Growing customer understanding of the kind of ingredients used in personal care items is also improving R&D operations in the personal care industry for global polymer ingredients. It is also expected to change the future prospects for the personal care industry for global polymer ingredients.
Polymer Ingredients Market Segment Analysis - By Application
The skin Care segment is the largest growing segment of the global Polymer Ingredients Market, in terms of value and volume in 2019, by growing at a CAGR of 6.4%. The main use category of polymer ingredients has been skin care. These ingredients, in particular, are commonly used in anti-aging products. The development and commercialization of novel polymer formulations has been propelled by an ever-growing list of anti-aging markets that deliver advantages such as radiance, skin firming, brightening, color correction and wrinkle reduction. In addition, diversifying the commodity mix with several practical advantages provides tremendous opportunities for the development of the demand for polymer ingredients. Due to its vast product selection and end product demand, skin care is the main use.
Polymer Ingredients Market Segment Analysis - By Geography
North America dominated the Polymer Ingredients Market share with more than 45.7%, followed by APAC and Europe. In terms of demand, North America dominates the worldwide market for personal care polymer ingredients, led by Western Europe. In North America, the U.S. leads the polymer ingredients market for personal care. It is expected that the use of specialty active ingredients will extend to developing nations. However, with ageing populations in developing countries such as the U.S. and Japan, demand in the coming years is projected to be high. Increased market awareness has led to a change in purchasing habits, leading to a trend of natural and biological ingredients that are gaining strong momentum in the cosmetics room. The largest commodity group remains surfactants, while the section of conditioning polymers is expected to be the fastest growing category in the coming years.
Polymer Ingredients Market Drivers
Increasing Awareness
The key factors for the growth of the demand for polymer elements would be increasingly flourishing personal care products and the need for top performers in this field. The growth of this sector will be fueled by rises in disposable income and the emerging youth population. The growth of this market will be propelled further by the rising need for personal hygiene and increased understanding of the type of ingredients used in cosmetics. During the COVID-19 pandemic, this demand could see a dip as the consumption of personal care goods would be at least attributed to the lockdown of most of the global population remaining indoors. Restrictions imposed by the government with regard to the quality of the commodity, the costs involved in the processing and storage of polymer elements, would be the key restrictions faced by this industry.
Polymer Ingredients Market Challenges
Covid-19 outbreak
The impact of COVID-19 and the oil prices war are proving to be a two-pronged crisis for oil, gas, and chemicals companies. Oil prices are dropping due to failed agreements on production cuts and the need for chemicals and refined products is slowing from industrial slow-downs and travel restrictions in the wake of this global pandemic. Because of the effects of the COVID-19 coronavirus, global chemical production declined by 3.1 percent in March 2020. Although chemical production increased in some categories in January 2020 as compared to December 2019, production in February compared to January and in March compared to February declined in every category. Leading manufacturers are reducing capital and operational expenditure in the face of the crisis. Manufacturing operations for these companies have been scaled down to 40%-60% capacity due to labor shortages and disruptions in the supply of raw material. Despite of hike in investment the growth can be impacted by the COVID-19 pandemic crisis till the end of the year 2020. Moreover, the COVID-19 pandemic has further deteriorated the industry which is affected the Gas Separation Membranes market.
Polymer Ingredients Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polymer Ingredients Market. In 2019, the market of polymer ingredients has been consolidated by the top five players accounting for xx% of the share. Major players in the Polymer Ingredients Market are Ashland Inc., Lubrizol Corporation, Eastman Chemical Company, Dow Chemical Company, BASF, Akzonobel N.V., Clariant AG, and among others.
This product will be delivered within 2 business days.
Table of Contents
1. Polymer Ingredients Market- Market Overview
2. Polymer Ingredients Market- Executive Summary
3. Polymer Ingredients Market- Landscape
4. Polymer Ingredients Market- Market Forces
5. Polymer Ingredients Market-Strategic analysis
6. Polymer Ingredients Market- By Type (Market Size -$Million)
7. Polymer Ingredients Market- By Application (Market Size -$Million)
8. Polymer Ingredients Market- By Geography (Market Size -$Million)
9. Polymer Ingredients Market- Entropy
10. Polymer Ingredients Market- Company Analysis
Methodology
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