Analysis of Pearlizing Agents market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The market for pearlizing agents witnessed massive slowdown in its progress as a result of the spread of Covid-19 pandemic across the globe. The level of demand declined to the extreme level due to lockdown creating hurdles for the key players operating in this market. However as recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilizations and online selling in 2021 keeping in view the covid-19 norms.
Leading corporations including Vantage Specialty Ingredients Inc., The Lubrizol Corporation, Aarti Industries Limited, Biesterfeld AG, Tri-Tex Co., Inc, Evonik Industries AG, Bhimani Chemicals Pvt Ltd, Reachin Chemicals Co., Ltd, Hallstar and others are making high investments in the establishment of research institutes in different regions to come up with improvements in their offerings. They are adopting business strategies such as sales contracts, strategic alliances, acquiring technical expertise, product approvals, patents and events, joint ventures, partnership agreements, collaborations, digital marketing, mergers and acquisitions, capacity utilisations, technological advancements etc to lead the global market for pearlizing agents with largest market share.
For instance, the Lubrizol Corporation announced the acquisition of Advonex International Corp. to develop renewable and sustainable ingredients for the beauty and personal care market. The hydrocarbons produced by Advonex, have the tendency to replace the petroleum based ingredients such as silicone, petrolatum and mineral oil. With this agreement, the Lubrizol Corporation will be able to enhance the portfolio of natural and sustainable ingredients. In Terms of growth, the Middle east and African region anticipated to show a significant growth due to the rising awareness of personal care products. The cosmetic market in Asia Pacific and North American region is projected to drive pearlizing agents market growth through 2030 because of the emergence of new manufacturers and domestic players. All the other key regions are driving the market growth and opening various opportunities for manufacturers.
Pearlizing agents, also known as opacifiers, are ingredients added to a solution to reduce transparency and make it appear more pearly and rich. They are used in surfactants to impart a silky gloss appearance using the cold process mixing. Pearlizing agents help in reducing production cost as they can be processed at ambient temperatures. They have a wide range of applications in personal care products and are used in shampoos to impart a rich look. A number of pearlizing agents are available in the market, depending on the base material used in the manufacture of the pearlizing agent. Pearlizing agents are used in color cosmetics, which register strong demand, and are also used in the manufacture of green and natural products. Cosmetics containing natural, medicinal, and nutritional ingredients such as traditional medicines, aloe, or vitamins make use of pearlizing agents to impart a pearly appearance. Pearlizing agents are also used in baby care products to impart pearlescence.
People across the globe are increasingly becoming conscious regarding personal care and thus, the demand for pearlizing agents in the cosmetic industry is growing due to the increasing demand for personal and beauty care products. Growth in the cosmetic industry is expected to drive the pearlizing agents market in the coming years. Population growth is another key factor driving the increase in the sales of personal care products, which in turn will lead to growth in the sales of pearlizing agents. Growth in disposable income will also create demand for personal care products and, in turn, drive the growth of the pearlizing agents market. The use of pearlizing agents in hair care products will aid the market growth of pearlizing agents due to continuously ongoing advancements in hair care products. The geriatric population comprises another key consumer segment of personal care products, which will increase the demand for cosmetic products and drive the growth of the pearlizing agents market. Strict regulations imposed on personal and beauty care products will hinder the growth of the cosmetic industry and thus, impact the sales of pearlizing agents. Currency fluctuations and the decline in commodity prices will affect the growth of the pearlizing agents market. These fluctuations and prices are expected to retard the growth of the cosmetic industry and subsequently, the sales of pearlizing agents.
Attributing to the rising awareness regarding personal care products in the Middle East and Africa region, the cosmetics industry is expected to witness sound growth in the region. This growth in the cosmetics industry is expected to boost the sales of pearlizing agents. North America, being another prominent market for the production and export of cosmetic products, is expected to aid the growth of the pearlizing agents market. Population growth in China and India has surged the demand for personal care products and the demand for personal care products in these countries is expected to aid the growth of the cosmetic industry and the sales of pearlizing agents. Europe, being a growing market for the cosmetic industry, is expected to aid the growth of pearlizing agent sales in the near future. Latin America has also shown appreciable growth in cosmetics sales, which is expected to create a platform for the growth of the pearlizing agents market. Japan is also a prominent market with good growth in the cosmetics industry, which is expected to aid the market growth of pearlizing agents.
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Examples of some of the market participants operating in the pearlizing agents market are,
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Segmentation of the pearlizing agents market by material type,
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