Kenneth Research recently added a report on ‘Soap Colorants Market’ which offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. The report contains the market size and annual growth rate for a forecast period between 2022 and 2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Soap Colorants Market products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
Soap Colorant Market – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2023
The soap colorant is a major product in the personal care products segment. In personal care products, colorants are classified into two main varieties, i.e., water-based and oil-based. It provides colors to soaps (liquid, bar, shampoo) to make them attractive.
Research Methodology
The soap colorant market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:
Key Market Insights
Soap colorants are widely used in bar soaps, liquid soaps, shampoo, and conditioner. The market for water-soluble base soaps is increasing as they keep the skin hydrated and maintain the balance not letting it become oily. Oil-based soaps are also increasing as they provide various nutrients to the skin and maintain the dryness level. Liquid soaps are proliferating owing to the convenient packaging and the hygiene factors as they prevent the transfer of germs through usage.
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Globally, Asia Pacific is the largest soap colorant market, primarily due to the presence of export-oriented manufacturing capacities and intense domestic demand from various end-user industries. The increase in personal care manufacturers is further driving the market growth in the region. The anticipated economic stability in Europe is expected to boost its manufacturing sector, complementing the growth of the soap colorants market. North America is likely to remain the key region with a significant contribution from the US. Few of the prominent companies operating in the soap colorant market are BASF SE, Huntsman Corporation, Merck KGaA, Neelikon, and Clariant.
Types:
o Oil-based
o Water-based
Applications:
o Bar Soap
o Liquid Soap
o Shampoo & Conditioner
o Others
Geography:
o Asia Pacific
o North America
o Europe
o Rest of the World
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