Emollients and Oils for Personal Care and Cosmetics Market Insights, Forecast to 2031 | Global Market Size, Share, Growth, Trends | Key Players, Recent Developments, Type and Application, Market Dynamics, Expansion Plans, Revenue, Research Report

Kenneth Research recently added a report on the Emollients and Oils for Personal Care and Cosmetics Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

The global emollients & oils for personal care and cosmetics market was valued at $1,025.3 million in 2018. The increasing cognizance related to one’s personal appearance, evolving lifestyles, increasing disposable income of the citizens of various developing and developed economies along with extensive utilization of natural ingredients in cosmetic products are thereby propelling the growth of the global emollients & oils for personal care and cosmetics market.

Emollients are considered to be a vital ingredient that helps the user to treat psoriasis. The emollients are available to the customers in the form of creams, moisturizers and ointments that helps in excessive drying out of the skin and provides nourishment to the skin as well. Moreover, increasing acceptance of health and wellness products, ever increasing demand for natural and healthier products are the key factors driving the growth of the global emollients & oils for personal care and cosmetics market.

The citizens across the globe are making constant efforts in order to enhance their physical appearance and become more socially convincing and acceptable as a result to this the extensive demand for skin care products and personal care are significantly driving the growth of the global emollients & oils for personal care and cosmetics market. Increasing standard of living and increasing disposable income of the citizens is thus enabling their capability to purchase and spend extensively towards skin care cosmetics and enhance their skin health with it. Additionally, emollients and oils are one such ingredient that nourishes the skin with essential oils, hydration formulae, glow to the skin, reduces irritation and rashes on the skin.

Moreover, increasing acceptance of natural ingredients in cosmetics and personal care offerings is another key factor driving the growth of the global emollients & oils for personal care and cosmetics market. The growing trend for natural cosmetics is growing significantly since the customers are becoming more and more aware about the health hazards and dangers of adulterated chemicals in non-organic products. Furthermore, natural cosmetic industry is witnessing increasing acceptance from both the genders since the providers are advertising their offerings in gender-neutral manner in order to evade division and enhance social and gender equality.

Additionally, the active and healthy lifestyles thus stimulate the providers to advertise products that would be thriving with the active lifestyles and exercise regimes of the citizens. Furthermore, emollients & oils are thus replacing normal moisturizers that make the skin oily, and it thereby helps in making the skin soft supple and feasible to use both in summers and in the winters. The increasing trends of skin care regime and natural ingredients cosmetics are thereby contributing towards the growth of the global emollients & oils for personal care and cosmetics market. However, side effects pertained with the consumption of emollients and oils in cosmetics is the major factor that is hindering the growth of the global emollients & oils for personal care and cosmetics market.

Emollients & oils for personal care and cosmetics market forecast 2019 – 2029 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the emollients & oils manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Deodorants, skin care, hair care, and sun care industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.

Based on application, the global emollients & oils for personal care and cosmetics market is categorised into deodorants, skin care, hair care, sun care and others. Among all the applications, Emollients & oils for personal care and cosmetics market finds its largest application in skin care due to the extensive consciousness among consumers related to skin care regimes. Moreover, widespread consumer distresses related to harmful side effects of pollution on the skin is thereby accentuating the demand for emollients & oils for personal care and cosmetics products globally.

The largest consumption of emollients & oils for personal care and cosmetics industry came from the North America owing to the increasing demand for personal and skin care products in the region. Moreover, presences of large multinational brands that are offering various new cosmetic products related to a particular target group and are increasingly focussing upon manufacturing environment friendly packaging and products. Additionally, the manufacturers are widening their distribution networks and making the emollients & oil products accessible in the market at affordable price thereby uplifting the growth of emollients & oils for personal care and cosmetics market in North America.

The report also offers the insights for the European, Asia-Pacific, Latin American and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided. The shifting consumer trend for skin care regime and natural ingredients cosmetics is the common trend witnessed among all these regions.

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The eminent key players in the global emollients & oils for personal care and cosmetics market are refining their manufacturing efficiencies, enhancing product portfolio and implementing mergers & acquisitions in order to gain competitive edge worldwide. Some of the players having prominent presence in the global emollients & oils for personal care and cosmetics market include Cargill, Incorporated, Stephenson Group Limited, Innospec, Inc., The Lubrizol Corporation, Vantage Specialty Ingredients, Inc., Sonneborn, LLC, Evonik Industries AG, Hallstar, Berg + Schmidt GmbH & Co. KG, Yasham, and BASF SE.

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