Aerogels For Personal Care Market Report

Market Insights

The Aerogels for Personal Care Market is expected to grow from USD 11.1 million in 2020 to USD 43.1 million by 2026 at a CAGR of over 25.8% during the forecast period.

Figure: Global Aerogels for Personal Care Market Size, 2020-2026 (USD Million)

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What is Aerogel?

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.

Key Players

Key players operating in the Aerogels for Personal Care 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)

Market Dynamics

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 aerogel 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.

Market Segmentation

Application Trends

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

Regional Trends

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

COVID-19 Impact on Aerogels for Personal Care Market

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.

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Critical Questions Answered in the Report

• What are the key trends in the global aerogels for personal care market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global aerogels for the personal care market?
• What are the key strategies adopted by the major vendors to lead in the global aerogels for personal care market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Aerogels for personal care manufacturers
• Aerogels for personal care suppliers
• Aerogels for personal care distributors
• Organizations
• Government bodies

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