Aerogels for Personal Care Market Growth Analysis | 2021-2026

Market Insights

The aerogels for personal care market was estimated at USD 11.1 million in 2020 and is likely to grow at a CAGR of 25.8% during 2021-2026 to reach USD 43.1 million in 2026.

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Market Dynamics

Introduction

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-19 Impact

The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the manufacturing and availability of the product in the market. Additionally, the slowdown of the economies across geographies also affected the product demand.

Market Drivers

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 aerogels 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.

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Key Players

Key players operating in the market are:

• 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)

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Application Type

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 a healthy CAGR on account of the increase in the number of people suffering from skin-related diseases.

Regional Insights

Geographically, the market in Asia-Pacific accounted for the largest market share in 2020 owing to increased spending on personal grooming, particularly by 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.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects aerogels for personal care market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The aerogels for personal care market is segmented into the following categories:

By Type

• Inorganic Aerogels
• Organic Aerogels
• Hybrid Aerogels
• Composite Aerogels
• Others

By Type

• Beauty Care
• Skin Care
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.