The global market is expected to register a growth of 2.3% during the projected timeframe. The market is estimated to reach US$ 70.4 Billion by end of the forecast period. The growing demand for hair care products, skincare products, and others is anticipated to fuel the demand for Acetamide MEA during the forecast period. Strong growth of the cosmetics industry coupled with innovation and new product launches is favoring the growth of the market.
As per the FMI estimation, the industry is estimated to be valued at US$ 56.0 Billion in 2023 and is projected to surge at a CAGR of 2.3% during the assessment period of 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 55.1 Billion |
| Market Size 2023 | US$ 56.0 Billion |
| Market Size 2033 | US$ 70.4 Billion |
| Value CAGR (2023 to 2033) | 2.3% |
| Top 3 Countries Share (2023) | 46.1% |
Acetamide MEA is an aliphatic amide and is utilized in cosmetic formulations. It is also known as Acetamide Monoethanolamine. It is used as a humectant, skin conditioning agent, and hair conditioning agent. It is used in a bubble baths, other bath preparations, tonics, dressings, and other hair grooming aids and so on. The demand for the product is expected to witness significant growth during the forecast period owing to its increased consumption in the cosmetics industry.
The growing cosmetics and personal care industry is favoring the growth of the market. Inclination towards skin and hair treatment coupled with personal appearance and grooming is expected to add more value to the market growth.
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The Acetamide MEA market grew with a CAGR of 1.8% during the historic period of 2018 to 2022. The market witnessed steady growth during the Covid-19 period as some cosmetics goods were considered under the non-essential category. Meanwhile, on the other hand, skincare, hair care, baths, and body products were benefitting from the self-care trend. The pandemic impacted the cosmetics segment at retail and physical shops while the industry witnessed a drastic shift from retail to e-commerce and digital marketing. Digital acceleration and resourceful beauty were some of the trends observed during the historic period.
The market of Acetamide MEA is anticipated to expand with a CAGR of 2.3% during the forecast period owing to its increasing consumption from the cosmetics and personal care industry. The cosmetics industry is moving toward personalization and suitability coupled with cutting-edge innovative products. The market is greatly influenced by the growth of the cosmetics industry and is expected to experience the same trend.
Acetamide MEA is widely used in cosmetics due to its numerous benefits. It draws moisture from the surrounding air, increasing the water content of the top layer of skin. It's found in bubble baths and other bath preparations, as well as hair conditioners, shampoos, and other hair care products. It improves hair's feel, texture, and appearance. It improves the texture of hair that has been damaged by chemical treatments.
The cosmetics industry has boomed in recent years. The general trend observed is a trend of attention to physical well-being. Millennials are being quoted as the main driver behind the meteoric growth of the cosmetics and personal care industry. As per the survey the global beauty market is currently valued at US$ 511 Billion. Beauty products are constantly getting attention from almost all age groups, which in turn is bolstering the demand for beauty products. This in turn is anticipated to fuel the demand for Acetamide MEA during the projected timeframe.
The favorable outlook for the cosmetics and personal care sector around the world is expected to provide a solid foundation for the sales of the product.
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In the global market, Europe is expected to lead and dominate the market. According to a survey, Europe is the world leader in the cosmetics industry and the leading supplier of cosmetics products. The cosmetics sector is very inventive and employs a substantial number of people in Europe. The largest markets for personal care and cosmetics products within Europe are Germany, France, Italy, the United Kingdom, Spain, and Poland as per Cosmetics Europe.
Acetamide MEA is being used in a variety of cosmetics and personal care products such as shampoos, hair conditioners, hair care products, and others. The vast population of the European region uses personal care and beauty products every day to protect their skin health, boost their self-esteem, and enhance their well-being. Surging demand for sunscreens, soaps, and bath products among all age groups, especially in working women groups is anticipated to bolster the growth of the beauty segment and this in turn will boost the sales of Acetamide MEA.
Based on the application hair conditioners along with the shampoos segment are expected to witness a surge in demand during the projected timeframe. Acetamide MEA is used to condition hair since it is a humectant and it increases the sheen. It helps in reducing the static charge and eases the wet-combing. It has higher humectant properties than glycerine. It shows excellent conditioning properties in shampoos. It is a common additive used in hair care products. It serves as a foam booster in shampoos.
With changing lifestyles, pollution, and insufficient supplements, the population is experiencing hair issues such as hair greying, hair loss, and dandruff. These are likely to surge in demand for hair care products utilization. Rising concerns regarding the chemical treatment of hair, hair straightening, and excessive use of harmful chemicals are expected to boost the demand for hair care products such as shampoos, hair conditioners, and others. This is expected to favor the growth of the Acetamide MEA market.
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The global market is a partially fragmented market with the presence of few dominant key players in the market and small-scale players. Key market participants are focussing on the development of advanced technology-based products to improve the sales of the product. Key manufacturers are actively involved in the launching of new products in the market to cater to the growing need for customized products.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.3% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Tons, and CAGR from 2023-2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Function, Application, Region |
| Regions Covered | North America; Latin America; East Asia; South Asia and the Pacific; Western Europe; Eastern Europe; Central Asia; Russia and Belarus; Balkan and Baltic Countries; The Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Argentina, Germany, France, Spain, Italy, BENELUX, NORDICS, United Kingdom, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, Kingdom of Saudi Arabia, United Arab Emirates, Türkiye, Northern Africa, South Africa, Israel |
| Key Companies Profiled | Solvay SA; The Lubrizol Corporation; Vantage Specialty Chemicals; Redox Pvt Ltd.; Shanghai Time Chemicals Co. Ltd.; DuPont de Nemours Inc.; Indenta Chemicals; Henan DaKen Chemical Co. Ltd.; ALB Technology Limited; Croda International Company; Henan Tianfu Chemical Co., Ltd.; Jeen International Corporation; Petrus |
| Customization and Pricing | Available upon Request |
In 2023, the value is expected to reach over US$ 56.0 Billion.
During the forecast period, the market is estimated to expand at a CAGR of 2.3% from 2023 to 2033.
The market is projected to reach US$ 70.4 Billion by the end of 2033.
Europe is projected to lead the Acetamide MEA market in the forecast period.
Key players operating in the market include Solvay SA, the Lubrizol Corporation, Vantage Specialty Chemicals, Redox Pvt Ltd., ALB Technology Limited, Jeen International Corporation, and others.
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Acetamide MEA Market
