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Personal Care Ingredients: Driven by increasing outdoor activity, changing lifestyle, skin health awareness is boosting Top 10 Care Chemicals Market

 The report "Top 10 Care Chemicals Market (Color Cosmetics, Personal Care Ingredients, Active Ingredients, Fragrance Ingredients, I&I Cleaning Chemicals, Surfactants, Emollient Esters, Cosmetic Pigments, Cosmetic Preservatives, Ethoxylates) - Global Forecast to 2021", published by MarketsandMarkets, Care chemicals are products that are used for homecare, personal care and industrial and institutional cleaning.

Personal Care Ingredients: Driven by increasing outdoor activity, changing lifestyle, skin health awareness

The market demand for personal care products is driven by increasing outdoor activity, changing lifestyle, skin health awareness, and an aging population. Personal care ingredients include antimicrobials, conditioning polymers, emollients, hair fixative/styling polymers, rheology control agents, skin lightening/whitening actives, surfactants, and UV absorbers, which provide physical as well as functional properties to the personal care products. Increasing awareness among customers towards personal hygiene has pushed the sales of these products, such as baby products, bath & shower products, and hair care.

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Industrial & Institutional (I&I) Cleaning Chemicals: Demand for clean and hygienic workplace will drive this market.

I&I cleaning chemicals are primarily used in general cleaning, commercial laundry, machinery and equipment cleaning in industries such as manufacturing, commercial offices, healthcare, retail, food service, automotive, and others. Cleaning plays a very important role in the growth and performance in these industries. Healthcare, hospitality, and retail are the sectors where there is a direct client interaction and thus these industries are very focused on cleaning. In manufacturing, automotive, and food processing, better hygiene not only results in quality products but is also safe for the worker’s health which helps in improving productivity. All these industries are projected to grow at a positive rate which is expected to grow the demand of I&I cleaning chemicals in these industries.

Though the primary function of cleaning remains the same in all the industries, however, every industry needs a special type of cleaners based on the product type or the industry type. Thus, the major players in I&I cleaning chemicals differentiate themselves by catering to the specific needs of the customers and are thus able to compete in the market.

New product launches is the key strategy adopted by the leading players in the care chemicals market. This strategy accounted for a share of 44% of all growth strategies between 2015 and 2016. The rising demand for care chemicals is due to its increased application in the personal care industry, especially for color cosmetics. Besides expanding in different regions, the companies have invested in increasing their production capacities, growing their distribution networks, and enhancing their R&D operations. Expansions and R&D each accounted for a share of 15% of all the growth strategies adopted by players in the care chemicals market between 2015 and 2016.

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Clariant AG (Switzerland), BASF SE (Germany), and Sun Chemicals Corporation (U.S.) carried out the maximum number of strategic developments between 2015 and 2016.  In November 2016, Clariant AG launched Vivsonic and Vivtroze, a highly effective UVB filter to be used in cosmetic ingredients. In May 2015, Clariant AG launched a natural Plantasens, a moisturizer which would help formulators in providing treatment for different skin types. With increasing preference for natural ingredients, the product will help strengthen the company's skin care segment.

BASF SE (Germany) is focused on strengthening its foothold in the care chemicals market through facility expansions. In October 2016, the company announced the construction of a new plant for the production of Vitamin A in Ludwigshafen, Germany. This expansion will increase the total vitamin A production capacity by 1,500 metric tons. Vitamin A produced by BASF is widely used in the cosmetic industry. In October 2015, BASF announced to expand its waxes and emollients production capacity, by constructing a new plant at Shanghai, China. This will help the company cater to the rising demand of personal care and cosmetic products in Asia-Pacific.

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