LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors for the global personal care market in their latest research report. This report also lists 13 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, Technavio researchers have considered the revenue generated from the sales of specialty ingredients (including active and inactive ingredients) used in personal care products.
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“Over the past decade, major product innovations have been made in the skin care and hair care product segments. With the increased number of personal care product launches, the demand for personal care ingredients has simultaneously increased. To cater to this growing demand, the market is seeing an influx of improved-quality personal care ingredients,” said Abhay Singh, one of Technavio’s lead analysts for cosmetics and toiletry.
Top five leading vendors in the global personal care market:
Ashland
Ashland was founded in 1924 and is headquartered in Covington, Kentucky, US. It is a specialty chemical company that provides products, services, and solutions to serve diversified markets. Its end-markets include the architectural coatings, automotive, construction, energy, food and beverage, personal care, and pharmaceutical industries.
Ashland established its presence in the global personal care ingredients market with a wide range of water and organo-soluble polymers, natural hydrocolloids, cellulose ethers, and resins. The company’s products are proven safe for both liquid and semi-solid end applications. Each of its polymers has INCI (International Nomenclature of Cosmetic Ingredients) names as defined in the International Cosmetic Ingredient Dictionary & Handbook, published by the Cosmetic, Toiletry, and Fragrance Association.
BASF
BASF was founded in April 1865 and is headquartered in Ludwigshafen, Germany. It is a chemical company that offers a wide variety of products such as chemicals, plastics, performance and crop protection products, and oil and gas.
As of December 2014, the company had 113,292 employees, generated revenue of close to USD 98.8 billion, and spent USD 2.5 billion on R&D. During the same year, the company filed for 1,200 new patents and has a pipeline of 3,000 projects. BASF operates through 353 production sites and six Verbund sites worldwide.
BASF established its presence in the global personal care ingredients market with its offerings through its performance products segment. This segment consists of nutrition and health, dispersion and pigments, paper chemicals, care chemicals, and performance chemical sub-segments. Under the care chemicals sub-segment, the company offers personal care ingredients. It offers a wide range of products such as surfactants, polymers, cosmetic active ingredients, emulsifiers, UV filters, thickeners, pigments, and lipid layer enhancers.
Croda International
Founded in 1925, Croda International is headquartered in Snaith, East Yorkshire, UK. It manufactures and markets specialty chemicals and has more than 3,600 employees and 18 manufacturing sites in more than 50 countries.
Croda International established its presence in the global personal care ingredients market with offerings that include specialty ingredients. It offers a wide product range with innovative solutions, and these products are supported by proven efficacy testing. Its personal care ingredients are used in skin care, sun care, skin lightening, self-tanning, hair care (including colorants, relaxers, and perms), color cosmetics, deodorants, antiperspirants, bath and shower products, depilatories, baby care, perfumes and fragrances, oral hygiene, and men's grooming products.
Dow Corning
Dow Corning was established in 1943 and is headquartered in Midland, Michigan, US. The company manufactures and sells silicon-based materials worldwide. They also offer polycrystalline silicon. Dow Corning provides over 7,000 products and services through the Dow Corning and XIAMETER brands and their products cater to industries such as electronics, construction, automotive, textiles, and healthcare. In FY2014, the company reported revenue of around USD 6.22 billion, as compared to USD 5.71 billion in FY2013.
Dow Corning established its presence in the global personal care ingredients market with offerings through its beauty and personal care segment. It offers approximately 152 products through this segment.
Solvay
Founded in 1863, Solvay is headquartered in Brussels, Belgium. It is a global chemical group that helps companies operating in various industries (including consumer goods, automotive and aeronautics, electrical and electronics, and energy) find and implement value-creating solutions. It offers advanced formulations, advanced materials, functional polymers, performance chemicals, and corporate and business services.
Solvay established its presence in the global personal care ingredients market with offerings through its personal care division. The company offers its customers a wide range of high-performance personal care solutions. The company also offers amines and surfactants, natural and synthetic polymers, fragrances, and precipitated silica.
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