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Beauty and Personal Care Surfactants Market: By Type (Nonionics, Cationics, Amphoterics, Anionics And Others), By Application (Hair care, Skin care and Others), And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
[ 176 + Pages Research Report ] Beauty and Personal Care Surfactants Market to surpass USD 24.12 billion by 2031 from USD 16.2 billion in 2021 at a CAGR of 6.31% in the coming years, i.e., 2021-31.
The definitions of cosmetics differ slightly around the globe, but they are basically any substance or mixture that is planned to be applied to the external parts of the human body or the teeth and mucous membranes for the purposes of enhancing the appearance. Surfactants have various useful applications that the cosmetic industry probably wouldn't exist without them.
Global Beauty and Personal Care Surfactants to surpass USD 24.12 billion by 2031 from USD 16.2 billion in 2021 at a CAGR of 6.31% in the coming years, i.e., 2021-31. The growth of the market is driven by the increase in demand for sunscreens, bio-based, and anti-aging products. Rising awareness regarding the benefits of skin-friendly products in the personal care industry is expected to further fuel the growth.
An amphoteric segment to grow with the highest CAGR during 2021-31
Global Beauty and Personal Care Surfactants market is classified on the basis of Type into Nonionics, Cationic, Amphoteric, Anionics, Others. The amphoteric segment dominates the market share globally. Rising application of this product owing to its antibacterial, compatibility, low toxicity, and excellent resistance to hard water is predictable to fuel the growth. The product finds its use in hair care and bath and shower products as it is mild on eyes and skin. Application of the product to improve the anti-itching and skincare features of shower gels, shampoo, hand soaps, and cleansers among other products is expected to further fuel the growth.
Haircare segment to grow with the highest CAGR during 2021-31
Based on Application, the global Beauty and Personal Care Surfactants Market fragmented into Haircare, Skincare, and Others. The haircare application segment is anticipated to expand at the fastest rate over the forecast period. It is driven by an increase in hair-related problems coupled with the changing trends in the fashion industry. Moreover, the rise in product growths owing to grey hair problems, particularly in developing countries offers a significant growth opportunity for the market. An increase in innovations in natural and herbal ingredients provided in the hair care category is also anticipated to fuel the growth.
The rise in demand for beauty care products
The market growth for beauty and personal care surfactants is expected to be driven by the key contributing features such as the increase in demand for beauty care products such as bio-based products, sunscreens, and anti-aging products. Furthermore, inclination of people towards physical appearance and growing awareness regarding the advantages of organic and skin-friendly products is further driving the market growth of beauty and personal care surfactants.
Rising product innovations
The rising product innovations such as the usage of bio-based elements are driving market growth. For example, in 2018, BASF has launched new products for skin care and hair care services with added surfactants. Additionally, the growing working population coupled with the high demand for personal care products is also expected to boost the demand for products in the forecast years.
Strict regulations
Implementation of stringent regulations by government agencies and instability in raw material prices are the main factors among others acting as restraints, and will further hamper the growth of the beauty and personal care surfactants market in the forecast years.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The global Beauty and Personal Care Surfactants market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America dominates the Beauty and Personal Care Surfactants market. Rising consumer awareness regarding grooming and personal well-being is expected to fuel the demand forl skin and hair care products in the region.
Global Beauty and Personal Care Surfactants is further segmented by region into:
Beauty and Personal Care Surfactants Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 8.79 billion |
| Revenue forecast in 2031 | USD 16.2 billion |
| Growth Rate |
CAGR of 6.31% from 2021 to 2031 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Type, Application and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | BASF SE, Akzo Nobel N.V., Kao Corporation., Stepan Company, Rhodia, Evonik Industries, Clariant, Croda International Plc, Dow, Huntsman International LLC., Solvay, Ashland, Nouryon, Indorama Ventures Public Company Limited and Other Prominent Players |
The Beauty and Personal Care Surfactants Market size was estimated at USD 16.2 billion in 2020 and is expected to reach USD 24.12 billion by 2030.
Key players: BASF SE, Akzo Nobel N.V., Kao Corporation., Stepan Company, Rhodia, Evonik Industries, Clariant, Croda International Plc, Dow, Huntsman International LLC., Solvay, Ashland, Nouryon, Indorama Ventures Public Company Limited and Other Prominent Players
Amphoteric segment are anticipated to hold the largest Beauty and Personal Care Surfactants Market
Drivers: Rise in demand for beauty care products and Rising product innovations
The definitions of cosmetics differ slightly around the globe, but they are basically any substance or mixture that is planned to be applied to the external parts of the human body or the teeth and mucous membranes for the purposes of enhancing the appearance. Surfactants have various useful applications that the cosmetic industry probably wouldn't exist without them.
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