Irving, Texas (PRWEB) April 27, 2013
According to market forecasts, the global polymer ingredients used in personal care product is expected to grow steadily in and reach revenue of $3,495 million in 2017. Products made using polymer ingredients include hair care (shampoo, conditioner, hair gel, spray, and fixer), skin care (creams, lotions, and moisturizers), oral care (toothpaste, and mouth fresheners), and men’s grooming products.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in “Global Polymer Ingredients Used in Personal Care Industry 2012-2017: Trend, Forecast, and Opportunity Analysis.” This study provides a concise overview of the global polymer ingredients market for personal care products in terms of value and projected annual growth.
Lucintel discusses the various challenges and opportunities faced by the market for global polymer ingredients used in the personal care products industry. The challenges are primarily due to the high cost of polymer ingredients, high storage costs legal obligations, and limited availability of substitutes. Strict testing standards and regulations, as well as high R&D costs are other concerns of this industry.
Lucintel's study also encompasses the major drivers for the market. Increasing awareness of health and fitness, desire to remain young, and increases in the number of aging people are the key drivers of this industry. Also, increase in disposable income, better opportunities for employment, emergence of young urban population, and societal, ethical, and ecological factors drive the industry.
This industry research report highlights different aspects of the global polymer ingredients market for personal care products. Due diligence has been given to the global current market scenario of this industry. By value, Europe was the leading region in terms of polymer ingredient consumption for personal care industry in 2012.
The global polymer ingredient market for the personal care industry is expected to grow moderately in the near future. Demand for ingredients is expected to grow in the skincare segment with the hair care segment following suit.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, M & A due diligence and cost efficiency. To learn more, visit http://www.lucintel.com.
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