The conditioning agent global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Conditioning Agent Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The conditioning agent market size has grown strongly in recent years. It will grow 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.
The conditioning agent market size is expected to see strong growth in the next few years. It will grow to $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. Major trends in the forecast period include increased use of personal care products, growth in the hair care segment, expansion in the cosmetics industry, rising popularity of multifunctional products, and increasing consumer awareness.
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Scope Of Conditioning Agent Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Conditioning Agent Market Overview
Market Drivers –
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. For instance, in July 2022, according to the International Trade Administration, a US-based government agency, it was reported that the cosmetic market in Canada achieved revenue of around $1.2 billion in 2021. It is anticipated to experience an annual growth rate of 1.45%, with projections estimated to reach $1.8 billion by the year 2024. Therefore, the expansion of the cosmetic industry is driving the growth of the conditioning agent market.
Market Trends –
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). For instance, in May 2023, Croda International plc, a UK-based chemical company, launched Incromine BD, a quat-free conditioning agent, to meet the increasing demand for sustainable and ethical hair care products. Incromine BD is a multi-tasking, creamy leave-in conditioner that provides excellent detangling benefits and controls flyaways. It is readily biodegradable, vegan-friendly, and cruelty-free, making it an attractive alternative to synthetic quaternary ammonium compounds (quats) commonly used in hair conditioners, shampoos, and lotions. The ingredient contains 73% naturally derived content, is non-GMO, Halal certified, and is listed in the Inventory of Existing Cosmetic Ingredients in China (IECIC). With its sustainable profile and efficacy, Incromine BD is expected to become a popular choice for formulators seeking high-quality, quat-free conditioning agents that align with the clean beauty movement and consumer preferences for transparent and ethical ingredient sourcing.
The conditioning agent market covered in this report is 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
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Regional Insights –
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.
Key Companies –
Major companies operating in the conditioning agent market are 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.
Table of Contents
1. Executive Summary
2. Conditioning Agent Market Report Structure
3. Conditioning Agent Market Trends And Strategies
4. Conditioning Agent Market – Macro Economic Scenario
5. Global Conditioning Agent Market Size and Growth
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32. Global Conditioning Agent Market Competitive Benchmarking
33. Global Conditioning Agent Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Conditioning Agent Market
35. Conditioning Agent Market Future Outlook and Potential Analysis
36. Appendix
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