Stratview Research has published a new report on the Aerogels for Personal Care Market, segmented by Type (Inorganic Aerogels, Organic Aerogels, Hybrid Aerogels, Composite Aerogels, Others), Application (Beauty Care, Skin Care, Others) and Region. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.

Market Highlights

The Aerogels for Personal Care Market is expected to grow from USD 11.1 million in 2020 to USD 43.1 million by 2026 at a CAGR of over 25.8% during the forecast period.

What is Aerogel?

Aerogel is defined as a class of open-cell foam that is obtained from the drying of highly cross-linked organic or inorganic gels. It is a porous material derived from a gel wherein the liquid component of the gel is replaced with a gas. Aerogel can be obtained using various substances including silica; synthetic polymers such as phenolics, polyamides & polyurethane; biopolymers, metals, and metal oxides among others.

Covid Impact

Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.

Market Dynamics

Growing demand for high quality & premium skin and hair care products is likely to create lucrative opportunities for the players in the aerogels for personal care market.

  • The growth of the global aerogels for personal care market is primarily driven by increasing usage of aerogel in cosmetic and personal care products such as antiperspirants, hair & body care products, cosmetics, fragrances, and dental products.
  • The superior benefits provided by aerogel in cosmetics & personal care products such as superior oil & sebum absorption, fragrance retention, controlled release, and low-gloss matting optical effects are likely to drive the market growth substantially.

Segmentation –

This report studies the Aerogels for Personal Care Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Based on application, the market has been segmented into beauty care, skin care and others.

  • The beauty care segment accounted for the largest market share in 2020.
  • Increasing spending on beauty products by the young generation as a result of rising appearance consciousness coupled with increasing purchasing power is driving the segment growth.
  • The skin care segment is likely to register healthy CAGR on account of increase in number of people suffering from skin related diseases.

Geographically, the market in Asia-pacific accounted for the largest market share in 2020 owing to increased spending on personal grooming particularly by the millennials coupled with rising per capita disposable income.

  • The rising demand for personal care products among the male population is anticipated to contribute significantly to the market growth.
  • Additionally, the growing demand for premium and high-quality skincare products in the developed regions is likely to propel the market growth during the review period.

Following are the key players in the Aerogels for Personal Care Market:

  • AeroClay LLC (The U.S.),
  • Airglas Inc (The U.S.),
  • Aerogel Technologies, LLC (The U.S.),
  • Aspen Aerogels (The U.S.),
  • Cabot Corporation (The U.S.),
  • CF Technologies (The U.S.),
  • Dow Silicones Corporation (The U.S.),
  • NanoPore, Incorporated (The U.S.),
  • Green Earth Aerogel Technologies (Spain),
  • Enersens (France),
  • Nano Technology Co. Ltd. (China), and
  • SVENSKA AEROGEL AB (Sweden)

About Stratview Research-

Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.

Connect with our team here–
https://www.stratviewresearch.com/contact

Or

Call us @:  +1-313-307-4176