Selbyville, Delaware, July 22, 2020 (GLOBE NEWSWIRE) -- As per a Global Market Insights, Inc., report, the Europe antimicrobial additives market from personal care application is projected to surpass a valuation of more than $800 million by the end of 2025, registering a CAGR of 6% from 2020 to 2026. The report delivers a detailed analysis of the total market size as well as estimations, top winning strategies, wavering market trends, competitive scenario, drivers & opportunities, and major investment pockets.
According to market analysis, the growing use of preservatives, as well as active ingredients for manufacturing toiletries, skincare, baby products, and perfumes, would foster the industry growth over the analysis timeframe. Moreover, the introduction of synergistic blends of multiple products would further foster the Europe antimicrobial additives market expansion by the end of the projected time period.
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With regards to application, the wet wipes application segment is slated to witness remunerative growth of approximately 3.5% by the end of the forecast timeframe. The growth is ascribed to the use of preservative as well as ingredients to manufacture different kinds of wiping tissues. Novel product launches within the wet wipes product line, including body wipes, removal wipes, medical wipes, perfume wipes, antibacterial and cooling wipes, would also propel revenue growth. Increasing concerns regarding personal hygiene coupled with rising use of wet wipes within the medical sector, schools, hotels, and other institutes would further impel the Europe antimicrobial additives market growth.
Key reasons for Europe antimicrobial additives market growth:
- Rising demand for safe and sustainable beauty and cosmetics product.
- An increasing trend of using natural, naturally derived ingredients in personal care products.
- Growing industry player efforts towards producing high-quality ingredients and preservatives for cosmetic products.
2025 forecasts show the ‘hair care’ application segment experiencing lucrative growth:
The hair care application segment is slated to surpass a valuation of $100 million by 2025. Increasing demand for effective and safe chemicals to manufacture hair care products that are more sustainable is expected to augment the Europe antimicrobial additives market outlook. Haircare products need effective preservatives to offer protection against bacterial as well as fungal growth, which might damage the products and impact hair ultimately.
Italy and France to lead industry growth in terms of revenue:
Italy is anticipated to register remunerative growth of more than 4% through the forecast timeframe. The recovery in domestic cosmetic products demand is expected to stimulate industry expansion. Rising adoption of makeup products that are manufactured using different antimicrobial additives to keep them fresh and intact would fuel the Europe antimicrobial additives market demand over the forecast timeframe.
Meanwhile, France is projected to register gains of more than 3% through the analysis time period. The regional growth is ascribed to increasing introduction and export of different luxury cosmetics products.
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Leading market players
The key industry players analyzed in the Europe antimicrobial additives industry include Arkema, Dow Chemical, BASF, Ashland, Lonza and Schülke. They have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting, and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top-level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision-makers.