US personal care ingredients market is expected to project a CAGR of 2.6%, during the forecast period. The considerable shift of the population towards a sedentary lifestyle along with the high purchasing power of consumers is contributing towards the high adoption of personal care products in the country which in turn is anticipated to drive the US market. The country exhibits a high demand for BB (beauty or blemish balm) cream owing to its multifunctional benefits such as moisturization, pore reduction, and sun protection among others. The BB creams are composed of different multi-functional ingredients; therefore, the high demand for BB creams in the country is anticipated to drive the growth of the US market.
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US personal care ingredients market is segmented on the basis of ingredients and application. Based on ingredients, the market is segmented into rheology control agents, surfactants, emollients, active ingredients, emulsifiers, and others. Based on application, the market is further classified into hair care, oral care, skin care, cosmetics, and others (fragrances and toiletries). Among these applications, the skin care segment is among the major application of personal care ingredients. The rising availability of specific-purpose skin care solutions, such as anti-aging creams and lotions, sunscreen lotions, and anti-acne creams is driving the growth of the market in skin care application.
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Furthermore, some of the key players in the market include BASF SE, Clariant International Ltd., The Dow Chemical Co., Evonik Industries AG, Solvay S.A. These companies are using several strategies to expand market share and gain a competitive advantage over their competitors. The strategies include new product launches, mergers and acquisitions, partnerships, and collaborations. For instance, in January 2020, BASF SE had launched Hydagen Aquaporin and Hydrasensyl Glucan moisturizer for the skin and Inolixir for making healthy skin with a dual-action approach. In November 2019, BASF SE launched Hydrasensyl Glucan a new active ingredient that moisturizes, smoothes, and soothes the skin. The launch of such products is anticipated to drive the growth of the US personal care ingredients market.
Market Segmentation
US Personal Care Ingredients Market by Ingredients
• Rheology Control Agents
• Surfactants
• Emollients
• Active Ingredients
• Emulsifiers
• Others (UV Filters and Pearlizers and Opacifiers)
US Personal Care Ingredients Market by Application
• Hair Care
• Oral Care
• Skin Care
• Cosmetics
• Others (Fragrances and Toiletries)
Company Profiles
• Ashland US Holdings, Inc.
• BASF SE
• Clariant International Ltd.
• Corbion N.V.
• Croda International Plc
• Eastman Chemical Co.
• Evonik Industries AG
• Fitz Chem LLC
• Galaxy Surfactants Ltd.
• Genomatica, Inc.
• Huntsman International LLC
• Ingredion, Inc.
• Koninklijke DSM N.V.
• Lonza Group Ltd.
• Merck KGaA
• Momentive Performance Materials, Inc.
• Solvay S.A.
• Symrise AG
• The Dow Chemical Co.
• The Lubrizol Corp.
• Wacker Chemie AG
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