Global Polymer Ingredients for Personal Care Market 2023-2030

Global Polymer Ingredients for Personal Care Market 2023-2030

Global Polymer Ingredients for Personal Care Market Size, Share & Trends Analysis Report by Type (Natural Polymers and Synthetic polymers), by Ingredient (Surfactants, Conditioning Polymers, Emulsifying Polymers, Rheology Modifiers, and Others), and by Application (Hair Care, Skin Care, Color Cosmetics, Sun Care, Oral Hygiene, and Others) Forecast Period (2023-2030)

The global polymer ingredients for personal care market is anticipated to grow at a CAGR of 4.8% during the forecast period. Consumers are increasingly seeking out personal care products that are gentle, non-irritating, and environmentally friendly, and polymers help to meet these demands. Conditioning polymers deposit, adhere, and absorb into the proteins of the skin and hair. They improve skin feel and hair manageability, reduce static and make the skin and hair softer and smoother. Thus, owing to the rising demand for such polymers have pushed market players to develop and introduce variety of polymers to fulfil unmet requirements. For instance, in December 2021, Solvay introduced two additional thickening and conditioning polymers for personal care. The two new ingredients, Jaguar® NAT SGI for thickening and Jaguar® Excel for conditioning. The major applications of the polymers include shampoos, hair treatments, hair conditioners, styling gels, body washes, and powder-to-liquid cleansers.

Segmental Outlook

The global polymer ingredients for personal care market is segmented based on the type, ingredient, and application. Based on the type, the market is sub-segmented into natural polymers and synthetic polymers. Based on the ingredient, the market is sub-segmented surfactants, conditioning polymers, emulsifying polymers, rheology modifiers, and others including film-formers, modifiers, and protective barriers. Further, based on application, the market is sub-segmented into hair care, skin care, color cosmetics, sun care, oral hygiene, and others which covers sanitizer, soap, and disinfectants.

The Surfactants Sub-Segment is Anticipated to Hold Prominent Share in the Global Polymer Ingredients for Personal Care Market

Among the ingredient, the surfactants sub-segment is expected to hold a prominent share of the global polymer ingredients for personal care market across the globe, owing to the growing use of surfactants in personal care products, and mouth washes. Surfactant used in personal care products from lotions, soap, and shampoo to makeup and deodorant and others. Personal care products often rely on surfactants that support make these products easy to apply and effective. Furthermore, the applications of surfactants in cosmetics such as cleansing, emulsification, solubilization, conditioning, and special effects. Surfactants have a number of other special effects that are useful to formulators. Moreover, some surfactants also have anti-microbial effects, thus, widely used as a preservative.

Regional Outlook

The global polymer ingredients for personal care market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific regional market is expected to grow over the forecast period. Owing to huge customer group, rising use of skin care products, and other personal care products in this region.

Global Polymer Ingredients for Personal Care Market Growth, by Region 2022-2028

Source: OMR Analysis

The North America Region is Anticipated to Hold Prominent Share in the Global Polymer Ingredients for Personal Care Market

Among all regions, the North America region is anticipated to hold prominent share over the forecast period. The growth of the market attributed to the factors such as lifestyle changes of consumers, growing awareness regarding skincare, and increasing inclination towards the use of personal hygiene natural constituents support the market growth. Furthermore, market players are also adopting various strategies in order to cater to the rising demand. For instance, in September 2022, BASF SE partnered with RiKarbon Inc., to exclusively license and commercialize proprietary technology from RiKarbon. RiKarbon’s patented technology allows the upcycling of bio-waste into bio-based, biodegradable emollients for the global personal care market.

Market Players Outlook

The major companies serving the global polymer ingredients for personal care market include Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc., P2 Science, Univar Inc., J.M. Huber Corp., Croda International Plc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021, Ashland launched Styleze CSP, a nature-derived styling polymer that provides stronghold, humidity resistance, and high stiffness. Based on cassia seeds, Styleze CSP leaves low to no residue on the hair versus other natural styling polymers.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global polymer ingredients for personal care market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.