Irving, Texas (PRWEB) April 27, 2013
According to market forecasts, the global polymer ingredients used in personal care product is expected to grow steadily in and reach revenue of $3,495 million in 2017. Products made using polymer ingredients include hair care (shampoo, conditioner, hair gel, spray, and fixer), skin care (creams, lotions, and moisturizers), oral care (toothpaste, and mouth fresheners), and men’s grooming products.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on this market and presents its findings in “Global Polymer Ingredients Used in Personal Care Industry 2012-2017: Trend, Forecast, and Opportunity Analysis.” This study provides a concise overview of the global polymer ingredients market for personal care products in terms of value and projected annual growth.
Lucintel discusses the various challenges and opportunities faced by the market for global polymer ingredients used in the personal care products industry. The challenges are primarily due to the high cost of polymer ingredients, high storage costs legal obligations, and limited availability of substitutes. Strict testing standards and regulations, as well as high R&D costs are other concerns of this industry.
Lucintel's study also encompasses the major drivers for the market. Increasing awareness of health and fitness, desire to remain young, and increases in the number of aging people are the key drivers of this industry. Also,
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