Hair Fixative Polymers Market

Hair Fixative Polymers Market, by
Product Type, Application, and Region Global Industry Insights, Trends,
2018-2026
Hair fixative polymers are used in various hair styling products such as creams, gels,
mousse, sprays, and wax. Polymers are useful class of raw material that are used in the
cosmetic industry, owing to its rigidity in molecular size and chemical composition. They
provide moisture resistance and chemical functionality that inhibits special hair fixing
properties. The most widely used polymers in the hair care products includes polyether
polyols, silicone polymers, vinyls or acrylics, and modified carbohydrates.
Increasing purchasing power of emerging economies coupled with increasing inclination
of population towards self-grooming are some of the factors contributing to growth of the
market. The hair styling products forms an attractive segment in the hair care market
and is expected to witness a CAGR of over 4% during the forecast period. Hence,
increasing demand for products such as hair gels, hair wax and creams is driving the
growth of hair fixative polymers market. Furthermore, increasing research and
development activities for naturally derived hair fixative polymers due to the changing
consumer preference is further adding to the growth of the global hair fixative polymers
market. For instance, Revolymer launched RevCare NE100s, a naturally derived hair
fixation polymer in April 2016.
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Non-ionic hair fixative polymer is the dominant segment based on product type, owing
to the high use in on the go hair styling products such as hair creams, hair gels, and hair
sprays. Also, celebrity endorsements and increasing professional hair products are also
playing a pivotal role in the growth of this segment. For instance, Kate Middleton’s hair
stylist, Richard Ward, launched a 14-piece hair care range, The Chelsea Collection, in
2016, which includes ingredients such as Argan oil and keratin as well as an anti-ageing
elixir.
Hair Fixative Polymers - Market Outlook
North America is the largest market for hair fixative polymers and is expected to retain
its dominant position over the forecast period. The growing cosmetic industry in the
region has surged the demand for male and female hair grooming products, which in
turn is expected to positively drive market growth of the hair fixative polymers.
According to the international trade administration, Department of Commerce USA, the
per capita cosmetic spend was US$ 139 in 2014. According to the International Trade
Administration, the hair products comprised 15% of the total domestic personal care
and cosmetics market in 2016 in the U.S.
Asia Pacific is the fastest growing market for hair fixative polymers, owing to increasing
consumer awareness regarding hair health especially in emerging economies such as
India and China. According to Indian Beauty and Hygiene Association (IBHA), the
Indian beauty and personal care products market is expected to reach US$10 billion by
2021 at a growth rate of 6%. Hair care remains one of the dominant segment in this
region and the growing demand for hair care products is expected to further drive
growth of the hair fixative polymers market in this region. Furthermore, the humid
sub-tropical climate resulting in problems such as hair fall, dandruff amongst others is
expected to surge the demand for natural as well as synthetic hair fixation polymers.
Europe has lucrative demand for hair fixative polymers due to high adaptation of hair
care products by consumers. For instance, according to Consumer Insights 2017,
published by Cosmetics Europe, 85% of the consumers in Europe consider hair care
products of highest priority.
Key market players operating in the global hair fixative market include AkzoNobel N.V.,
Ashland, BASF SE, Eastman Chemical Company, Mitsubishi Chemical Holdings
Corporation, Croda International Plc, Hallstar, The Dow Chemical Company, Nexeo
Solutions, LLC., and Miwon Commercial Co., Ltd.
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Asia Pacific is the fastest growing hair fixative polymers market , owing to increasing consumer awareness regarding hair health especially in emerging economies such as India and China.