Cosmetic Ingredients Market | Share, Size, Analysis, Overview, Report, Industry Analysis, Trending Report

The escalating demand for cosmetics and personal care ingredients have created a backdrop for robust expansion of the market in the forecast period. The expansion strategies adopted by chief contenders as well as local brands comprise of sourcing locally as when and when possible to maintain the sustainability of their beauty businesses. The ingredients are commonly synthesized from chemicals or naturally derived substances. According to the market extensive research conducted by Market Research Future (MRFR), the cosmetics & personal care ingredients market is foreseen to expand at a impressive CAGR during the forecast period (2018-2023) and reach a valuation of USD 12660.9 Mn.

The collective surge in demand for anti-aging and UV protective cosmetics & personal care products is likely to be among the key reasons driving market expansion. The developing nations hold a substantial position in the development of the personal care and Cosmetic Personal Care Ingredients Market The influence exerted by the market segments of skincare, hair care, fragrance and shower products with multi-functional ingredients is enabling growth of the market at an exceptional pace. The rising affinity of the working classes towards multifunctional personal care products is further boosted by the penetration of e-commerce players, is expected to alter the landscape of the market favorably.

The market is also benefitted by the potential demand from the segment of male-centric cosmetic products which is attributable to varying lifestyles and personal appearance awareness. This particular factor is motivating the market players to launch male cosmetic products on a broader scale. The capacity expansion and migration of cosmetic manufacturers to the Middle East & Africa is likely to offer productive opportunities for development in the market. Moreover, trends such as increasing use of natural and green ingredients along with growing importance for halal certification personal care and cosmetic formulations in G.C.C. and MENA regions are expected to create new avenues for the progress of the market through the forecast period.

Segmental Overview

The segmentation of the cosmetics and personal care share ingredients market share on the basis of product type includes segments such as tocopherol, titanium dioxide, dimethicone, sodium laureth sulphate, sodium lauryl sulphate, parabens, benzones, formaldehyde, alcohols, isopropyls, glycerols, and others. The formaldehyde segment is credited with a significant market share in the cosmetics & personal care ingredients and is projected to reach valuations worth USD 2,323.7 million by 2023. On the basis of geography, the market is segmented into five regions such as Europe, Asia Pacific, the Middle East & Africa, Latin America and North America. While based on applications, the market includes segments such as color cosmetics, skincare, fragrance, bath & shower, hair care, and others. The skincare segment accounts for a significant share in the cosmetics & personal care ingredients market and is estimated to develop at a CAGR of 7.07 percent over the forecast period, the demand of the sector can be attributed to the growing affinity of consumers towards products that have skin lightening properties. The hair care segment closely follows the skincare segment which is anticipated to be valued at USD 3,047.9 million by the end of the forecast period.

Detailed Regional Analysis

North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa are geographical regions that are a part of the cosmetics & personal care ingredients market share globally. The Asia Pacific region has emerged as the fastest growing market in 2017 and is further expected to progress at an encouraging CAGR of 6.15 percent during the forecast period and is also projected to achieve revenues worth USD 4,188.6 million by the end of 2023. The evolution of the cosmetics and personal care industry coupled with the growing demand for cosmetics products from the working population is motivating the market growth considerably. The European market has appeared as the second biggest region in the cosmetics and personal care industry and is estimated to touch to USD 3,107 in revenues by 2023.

Thermochromic Material Market | Demand, Growth, Trends, Analysis COVID-19 Impact and Forecasts 2027

Market Forecast

According to the MRFR analysis, the global Thermochromic Material Market was valued at more than USD 1.2 billion in 2018 and is expected to reach over USD 2.2 Billion by the end of 2025 at a CAGR of 8.9%.

Thermochromic materials are mainly used as temperature indicators in the industrial sector to determine the temperature variation and reaction heat in the system. Thermochromic materials change reversibly their color by a temperature change. The global thermochromic materials market is segmented based on type, material, and end-use industry.

Segmentation

By Type

Reversible: Reversible (those whose color reverts after the removal of heat and stress on them) segment accounted for more than 65% market share in 2018. Reversible thermochromic materials find applicability in many diverse fields such as packaging, textiles, and novelty items such as mood rings.
Irreversible: Irreversible (those whose color changes permanently at the application of stress and heat) thermochromic materials find application in critical processes, such as the machinery within industries as well as to indicate infringement upon branded items and to test the authenticity of banknotes as well as signify the expiration of medicines and certain food items.
By Material

Leuco dye is the largest market within the material segment largely due to its insolubility in water. The segment accounted for more than 30% market share in 2018. Leuco dye is applied extensively in imbuing textiles with thermochromic properties with practical uses, such as in tablecloths to effectively gauge heat, as well as novelty purposes.
Thermochromic pigments are used to imbue paints and other coatings with thermochromic properties and they are used in traffic signs, path markings, and control panels.
Liquid crystals with thermochromic properties are used to gauge stress and map heat in machinery as well as for colored displays.
Other segment includes polymers and inorganic materials with thermochromic properties.
By End Use Industry

Packaging is the largest segment and accounted for 38% share in 2018, the segment is expected to grow at highest CAGR during the forecast period. Smart packaging is increasingly relying on thermochromic materials to transmit significant information about the packaged product. It can be used to denote freshness of food items, the expiry of medication, the ideal heating required by foodstuffs and as a tamperproof seal to prevent infringement and act as a quality assurance for branded products.
Printing and coating is another prime application segment of thermochromic materials, usually by adding thermochromic pigments to inks and paints. These are also used to coat machinery in order to gauge critical levels of heat and stress, greatly enhancing safety. There is an increase in the demand for thermochromic materials within the textile industry.
Medical: Used to indicate the expiration of medicines, used in thermometers as well as for medical thermography.
Textile: One of the larger segments for this market, textiles are usually treated with leuco dyes for aesthetic purposes, as with articles of clothing, or as indicators of temperature in tablecloths and oven mitts.
Industrial: Industrial applications of thermochromic material are used to efficiently and easily gauge temperature changes, to understand heat flow and stress distribution. Irreversible thermochromic materials are used to signal critical overheating or critical stressing.
Others: This includes a variety of novelty applications including glow in the dark items as well as thermochromic paint jobs for vehicles.
By Region

North America is the largest market for thermochromic materials owing to its indispensability in ensuring industrial safety as well as for packaging, North America is also home to several of the top thermochromic material manufacturers. This region is driving the innovation within this market.
Europe accounted for5% share of the global market. Thermochromic materials overview are used in Europe for road markings, for safety purposes and as indicators in the food industry. Medical use of thermochromic materials is also high within this region.

Solar Panel Coatings Market | Emerging Trends, Global Demand, Size, Scope and Forecast 2027

The growing demand for a sustainable energy source in the commercial sector is likely to drive the growth of the global solar panel coatings market during the forecast period.

The preference for solar energy as an alternative to conventional energy sources for the generation of electricity has increased across the globe. Installation of solar panels is an economical and eco-friendly method to harness power. However, the harsh environmental conditions hamper the operational efficiency of the photovoltaic cells. To overcome this challenge, solar panel coatings are developed that possess functional features such as conductivity and wettability, which enhance the performance of solar panels. The global market for solar panel coatings was valued at over USD 4.65 billion in 2018 and expected to register a robust CAGR of 23.4% during the review period.

The global Solar Panel Coatings Market has been classified based on type and application segments.

The types of solar panel coatings analyzed under the scope of the report are anti-reflective, hydrophobic, self-cleaning, anti-soiling, anti-abrasion, and others. The anti-reflective solar panel coating segment account for the largest market share in 2018 owing to its excellent properties such as high light transmission, spectral stability, and high strength, thus improving the efficiency of solar cells. The hydrophobic segment is expected to register the highest CAGR during the forecast period owing its property to repel water-based contaminants from the surface of solar panels.

The application segments of the global solar panel coating market are residential, commercial, energy, agriculture, automobiles, and others. The commercial segment is expected to dominate the global market during the review period owing to the increasing preference for economical, renewable, and pollution-free energy sources. The residential segment is likely to be the fastest-growing segment in the coming years owing to the increasing solar panel installations to meet the high demand for electricity. For instance, according to the Solar Energy Industries Association (SEIA), the US installed 1.7 gigawatts (GW) of solar PV capacity in Q3 2018 to supply power to 11.3 million US homes. Furthermore, the increasing demand for building-integrated photovoltaics (BIPV) as a replacement of conventional building materials is further driving the demand for solar panel coatings in the commercial and residential buildings.

Regional Analysis

The global solar panel coatings have been analyzed across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The Asia-Pacific market dominated the global market and is likely to register the highest CAGR in the coming years owing to growing industrialization in the region. China is projected to be the leading country-level market in the region owing to the surging demand for solar panel coatings in photovoltaics. India, Malaysia, and South Korea are other regional contributors to regional market growth.

North America accounted for a substantial market share in 2018 and is expected to register a significant CAGR during the forecast period owing to the rising constructional activities coupled with rising demand for clean and cheaper energy sources when compared with fossil fuels.

Europe is expected to register a considerable CAGR owing to increasing environmental concerns coupled with a radicle shift towards sustainable sources of energy.

Latin America and the Middle East & Africa are expected to show substantial growth during the forecast period owing to rising industrialization and various green initiatives undertaken to limit the carbon footprint.

Competitive Analysis

Unelko Corporation (US), Optitune Oy (Finland), Diamon-Fusion International, Inc (US), Element 119 (US), Arkema S.A . (France), FENZI S.p.A. (Italy), Nanotech Products Pty Ltd (Australia), DSM (The Netherlands), 3M (US), PPG Industries Inc (US), Sinovoltaics Group (China), ZSD (Egypt), Solar Sharc (UK), and Advanced Nanotech Lab (India).

Isopropyl Alcohol Market | Revenue, Sales Statistics, Key Players, Trending Report, Growth Projection Outlook to 2030

Global Isopropyl Alcohol Market Overview

Isopropyl Alcohol (IPA) or Dimethyl Carbinol or Isopropanol also popularly known as Rubbing Alcohol offers a wide range of applications across industries. It is a common ingredient in antiseptics and disinfectants and hence extensively used in the medical/ Healthcare and laboratory sector. In chemical industry it is used as a solvent and a cleaning fluid and a disinfectant. Similarly, IPA is used in household industry for making detergents and as a cleaner by combining with N-propyl alcohol or ethyl alcohol. Besides, it is used in cleaning or washing automotive (vehicles) glass/windows/mirror especially, during the winter to de-ice it. Owing to the vast area of application IPA perceives a huge market demand drawing a huge market share.

Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, continuing with the same trends the global IPA market is projected to grow enormously by 2023 and garnering further prominence will register a phenomenal CAGR during 2017 to 2023.

Other factors anticipated to contribute to the market growth predominantly include heavy investments transpired by the IPA manufacturers in to expansion plans. Taking a note from the constantly augmenting demand worldwide, manufacturers are aggressively investing to increase their production capacity. For instance; considering the growing annual demand for IPA in India and considering the potential demand; on Sep. 24, 2017, Deepak Fertilisers and Petrochemicals Corporation Ltd (India) announced its plan to invest 4.5 billion USD to expand the production capacity at its plant in Taloja, near Mumbai.

On the other hand, IPA has some negative aspects that are limiting its market growth. Such as IPA causes respiratory irritation, internal bleeding and in some cases it has been reported to cause visual & hearing problems. Due to which healthcare sector has restricted its uses as an aesthetic. However, the versatile chemical has found some more areas of application acting as a fuel additives in gas dryer and in cleaning of brake oil fluid traces from hydraulic braking systems.

IPA is toxic to some extent and acts as a central nervous system depressant. Inhaling, ingesting or even absorption of IPA could be fatal or poisonous. Hence adequate ventilation is ensured before its application. However, it is not as toxic as methyl alcohol. Apart from its uses as a disinfectant and a cleaner, Isopropyl Alcohol is also widely used in personal care or cosmetic products such as Nail paint remover, perfumes, skin cleaners, deodorants, permanent wave lotions etc.

Industry/ Innovation/ Related News:

June 16, 2017 – In APIC conference held during 14-16 June ’17, B. Braun Medical Inc. (Palestine) highlighted its commitment to reduce healthcare-acquired infections when it introduces new products that help reduce intraoperative bacterial contamination of stopcocks by introducing two devices in its facilities - DOCit device for male luers and HubScrub device is a female luer disinfector and cleaner. Both devices use 70 % of IPA.

November 2017 – INEOS Enterprises (UK) a multinational chemicals company announced the completion of acquisition process for Sasol Solvents Germany GmbH assets and the associated business at Sasol’s sites in Moers and Herne. The deal provides a complementary fit with the portfolio and expertise of INEOS and opens up new opportunities within its existing (Ethanol and isopropyl alcohol & oxygenated solvents isopropyl alcohol (IPA)

Worldwide IPA Market - Segments

For the convenience of the report and enhanced understanding; MRFR analysis has segmented the market in to 3 key dynamics;

By Production Methods : Comprises - Indirect Hydration, Direct Hydration and other

By Application : Automotive, Laboratory, Medical, Solvents and other.

By Regions : North America, Europe, APAC and Rest of the World.

Worldwide IPA Market - Regional Analysis

North America is the biggest market for IPA followed by Europe whereas, Asia Pacific is emerging as a fastest growing market for IPA owing to the increasing automobile industries in this region. In addition, the growing hygiene awareness in Asia Pacific countries drive the market of Isopropyl Alcohol Market Revenue. The U.S., Europe, and Japan consists of major manufacturers of Isopropyl alcohol. Isopropyl alcohol does not have major side effects and hence there are no stringent rules against its use especially in North American and European countries. Which in turn is contributing to its market growth.

Aluminium Metals Market | Demanding, Size, Report Analysis, Trends, Share, Growth, Company Profiles

Market Highlights:

The Global Aluminium Metals Market Trend has been evaluated as moderate growing market and expected that the market will reach high growth figures. Aluminium is a lightweight metal, which is produced from bauxite. Bauxite is rich in aluminium oxides, which is melted and electrolyzed to produce primary aluminium. It is widely used across various industries for applications such as, cans, foils, utensils, frames, and structure among other applications. Recycled aluminium can be defined as the scrap aluminium obtained from the primary aluminium while casting, cutting and millings, generally termed as new scrap. The other sources of recycled scrap is from end-of-life aluminium products such as, foils, scrap vehicles and aluminium cans among others. Developed nations have minimized its use of primary aluminium and are more inclined towards use of recycled aluminium, which in turn is contributing to the economic growth and environmental harmony, this trend is being slowly adapted by the developing nations with establishment of new recycling facilities in these regions.

Based on types, primary aluminium accounts for largest market overview, with wide application of primary aluminium across miscellaneous industries such as, automotive, construction, electrical and packaging among others. These industries are expected to grow in forecasted period due to rise in consumption rate and growing population. The use of aluminium in automotive manufacturing is accelerating owing to its distinct characteristics and properties such as lightweight, durability, recyclability and strength among other properties, with a positive output on the overall performance of vehicle such as, fuel efficiency, safety, less maintenance and reduced emission. Thus, increasing use of aluminium in automotive components coupled with growth in automotive production is one of the prominent market driving factor adding value to the global aluminium market. Furthermore, the application of aluminium across various transportation sector such as railroad, marine and aerospace as a replacement for steel in the above mentioned transportation sectors can be further attributed to Aluminium Metal Market growth.

Global Aluminium Metals Market Players:

The major participants of this market are: RUSAL, Aluminium Corporation of China Ltd., Rio Tinto Alcan Inc., Norsk Hydro ASA, Alcoa, Inc., China Hongqiao Group Limited, and Emirates Global Aluminium PJSC

Segmentation:

The Global Aluminium Metals Market share is majorly segmented on the Basis of Types and Application. Based on Types, the market is segmented into primary aluminium and recycled aluminium. Further on the basis of application the market is classified into automotive transportation, construction, foil packaging, electrical, consumer goods others.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans conducts meet with the industry experts and industrial visits for its research analyst members.



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