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LONDON, GREATER LONDON, UNITED KINGDOM, September 23, 2024 /EINPresswire.com/ -- The conditioning agent market has experienced robust growth in recent years, expanding from $10.38 billion in 2023 to $11.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rising consumer awareness, urbanization, and lifestyle changes, expansion of the personal care industry, the influence of social media and celebrities, and increasing disposable income.
What Is The Estimated Market Size Of The Global Conditioning Agent Market And Its Annual Growth Rate?
The conditioning agent market is projected to continue its strong growth, reaching $14.45 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing demand for personal care products, rising awareness of hair and skin health, a growing cosmetics industry, natural and organic trends, and an aging population.
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Growth Driver Of The Conditioning Agent Market
The expansion of the cosmetic industry is expected to propel the growth of the conditioning agent market going forward. The cosmetic industry is a business involved in the production, distribution, and sale of beauty and personal care products. The cosmetic industry is experiencing growth due to factors such as increasing consumer demand for skincare products, innovation in formulations, and expanding distribution channels. Conditioning agents in the cosmetic industry are used to enhance the texture, hydration, and overall health of hair and skin in various personal care products.
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Which Market Players Are Steering The Conditioning Agent Market Growth?
Key players in the conditioning agent market include BASF SE, Dow Inc., Evonik Industries AG, Solvay S.A., Kao Corporation, Akzo Nobel N.V., Eastman Chemical Company, Wacker Chemie AG, Lonza Group Ltd., Nouryon, Symrise AG, Stepan Company, Croda International Plc, Lubrizol Corporation, Ashland Global Holdings Inc., Momentive Performance Materials Inc., Vantage Specialty Chemicals, Galaxy Surfactants Ltd., Seppic, Gattefossé, United-Guardian Inc.
What Are The Key Trends That Influence Conditioning Agent Market Share And Analysis?
Major companies operating in the conditioning agent market are increasing their focus on developing innovative products, such as quat-free conditioning agents, to gain a competitive edge in the market. A quat-free conditioning agent is a hair care product designed to condition and detangle hair without the use of quaternary ammonium compounds (quats).
How Is The Global Conditioning Agent Market Segmented?
1) By Type: Skin Conditioning Agents, Hair Conditioning Agents, Fabric Conditioning Agents
2) By Price Range: Economic, Medium, Premium
3) By Sales Channel: Hyper market Or Super market, Departmental Stores, Online, Others Sales Channel
4) By Application: Creams And Lotions, Body Wash, Face Wash, Shampoo, Hair Conditioners, Hair Serum And Gels, Fabric Conditioners, Other Applications
Geographical Insights: North America Leading The Conditioning Agent Market
Europe was the largest region in the conditioning agent market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conditioning agent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Conditioning Agent Market Definition
A conditioning agent is a substance used in personal care and cosmetic products to improve the texture and appearance of hair or skin. It helps to enhance softness, smoothness, and manageability by providing moisture, reducing static, and adding shine. Conditioning agents can be derived from natural or synthetic sources.
Conditioning Agent Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global conditioning agent market report covering trends, opportunities, strategies, and more
The Conditioning Agent Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on conditioning agent market size, conditioning agent market drivers and trends, conditioning agent market major players, conditioning agent competitors' revenues, conditioning agent market positioning, and conditioning agent market growth across geographies. The conditioning agent market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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