The pandemic had little adverse impact on the demand for most personal care products in China, keeping sales of personal care ingredients on the upswing.
India’s already high profile as a generic drug producer has been boosted by the pandemic, with growth in the market subsequently accelerating the country’s demand for pharmaceutical excipients.
India’s market for personal care ingredients has experienced an abundance of changes due to the COVID-19 pandemic, with swings in demand at the top of the list.
As an industry that has multiplied in size by a factor of five over the last two decades, active ingredients remain the star performers in the overall ingredients market, which itself is one of the key growth areas for specialty chemical suppliers.
Noteworthy trends and dynamics of Mexico’s synthetic latex polymers market were spotlighted in our latest webinar, including positive performance coming from market segments such as automotive and architectural coatings and challenges in some of the more price-driven areas.
China has outdistanced North America to become the biggest market for synthetic latex polymers in 2021.
The U.S. market for I&I cleaning ingredients used in hotels, restaurants, and catering (HoReCa) is expected to flourish and serve as the industry’s bright spot over the next several years.
Europe’s Cosmetics and personal care ingredients industries are putting a face on sustainability through “upcycling” — reusing waste materials or discarded objects to transform them into more valuable products.
The synthetic latex polymer (SLP) market in North America (United States, Canada, and Mexico) continues to benefit from trends that emerged during the COVID-19 pandemic.
With India having largely recovered from the COVID-19 pandemic, many of the country’s industry sectors are booming. Synthetic latex polymers will benefit from these trends, with India — which accounts for approximately 6% of global consumption and is the fastest-growing market for SLPs — reaping the rewards.