Acetamide MEA Market to surpass US$ 69.04 Bn by 2032, Says FMI
Due to the favourable outlook of the cosmetic and personal care sector globally, the acetamide MEA market is expected to grow at a CAGR of 2.3% during the forecast period, reaching a market share of US$ 69.04 Bn in 2032, up from US$ 55 Bn in 2022.
This Acetamide Mea market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Acetamide Mea market.
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Acetamide MEA Market: Introduction
Acetamide MEA is a type of amide which is synthesized using acetamide and monoethanolamine (MEA). Acetamide MEA is also known as ethanolamine. The physical appearance of the acetamide MEA is clear white crystalline liquid. Acetamide MEA is a synthetic compound and usually marketed as a 70-75% aqueous solution. Acetamide MEA is used in the formulation of cosmetics and personal care products including hair conditioners, shampoos, body wash products, bubble baths, wave sets, and moisturizers, among many others hair and bath products.
In the personal care and cosmetics product, Acetamide MEA is used as a skin and hair conditioner and humectant intermediate. Additionally, Acetamide MEA can also function as a coupling and wetting agent, solubilizer, and pigment dispersant. Moreover, application of Acetamide MEA in the cosmetics and personal care product providing several benefits to end-users such as being compatible with a wide range of surfactants, formulation alternative to lauric diethanolamide, and highly concentrated liquid form with mild toxicity.
Furthermore, Acetamide MEA plays a vital role in the cosmetics and personal care products, it can increases the water content of top layers of skin, by absorbing moisture from adjoining air. Acetamide MEA improves the feel and appearance of the hair through improvement of hair texture that has been damaged physically or chemically.
Acetamide MEA Market: Dynamics
The positive outlook of the cosmetic and personal care industry across the globe is projected to lay a strong platform for the growth of the Acetamide MEA market in the upcoming years. Changing lifestyle and rising per capita disposable income increases the demand for advanced and innovative cosmetics product for skin prevention from the surrounding environment. Pollution in urban areas and increasing hazardous impact on the inhabitant’s skin and hair are also expected to drive the global cosmetics and personal care industry, in turn fueling demand for acetamide MEA in the global market, because of its several benefits and advantages for skin and hair prevention and treatment.
However, several stringent regulations, standard and limitation regarding safety and application in the cosmetic products are anticipated to hinder the global acetamide MEA market growth in the upcoming years.
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Acetamide MEA Market: Regional outlook
In the past few years, the cosmetics and personal care industry has registered significant growth across the globe, which has positively impacted the demand for the acetamide MEA in the cosmetics and personal care market. Collectively, North America and Europe accounted for significant share in the global acetamide MEA market and are projected to witness prominent growth in the coming years, owing to well-established cosmetics and personal care industry as well as continuous product innovation and development for advancing skin and hair treatment products.
The Asia Pacific region followed by North America is also expected to register significant growth and account protuberant share in the global acetamide MEA market, owing to the growing health and skincare products demand in the emerging economies such as China, India and South East Asian countries. China is expected to be one of the most important producer and consumer of the cosmetics and personal care products globally, which is also projected to lay a strong base for pushing acetamide MEA market growth in the upcoming years. Moreover, Latin America and Middle East & Africa are projected to witness considerable growth in the global acetamide MEA market during the forecast period, owing to the rising demand for cosmetic and personal care products.
Acetamide MEA Market: Market participants
Some of the key market participants involved in the Acetamide MEA market are as follows:
- Solvay SA
- The Lubrizol Corporation
- Vantage Specialty Chemicals
- Redox Pty Ltd.
- Shanghai Time Chemicals CO., Ltd.
- Henan Tianfu Chemical Co.,Ltd.
- DuPont de Nemours, Inc.
- ALB Technology Limited
- Indenta Chemicals
- Henan DaKen Chemical CO.,LTD.
- Croda Inc.
- Jeen International Corporation
The research report on Acetamide MEA presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Acetamide MEA report also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Acetamide MEA Market: Segmentation
Global Acetamide MEA market can be segmented on the basis of function, application, and region.
Based on function, the Acetamide MEA market is segmented into:
- Conditioning Agent
- Skin-Conditioning Agent
Based on the application, the Acetamide MEA market is segmented into:
- Bath, Shower & Soaps
- Face / Neck Skin Care Products
- Hair Conditioners
- Hair Relaxing / Permanent Waves
- Shaving Products