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    Perms And Relaxants Market Report

    Perms And Relaxants Market Report
    Report code - SR1410 Delivery - 2 Weeks
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    Perms and Relaxants Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Perms And Relaxants Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Perms And Relaxants Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Perms and Relaxants market is projected to grow from USD 1.04 billion in 2020 to USD 1.19 billion by 2026 at a CAGR of around 3.1% during the forecast period.

    Figure: Perms and Relaxants Market Size, 2020-2026 (USD Billion)

    Perms-and-Relaxants-Market-Forecast

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    What are perms and relaxants?

    Perms are applied to straight hair to introduce curls to the hair. This process involves the usage of chemicals along with rods and rollers. The hair takes the shape of the rod when the chemical is applied and then they are neutralized. Perms involve the use of ammonium thioglycolate which is also called Theo or thiol. Relaxer is used for permanent hair straightening. The hair relaxer stretches the natural curl pattern or tightly curled hair depending on the strength and the timing of the chemical.

    Key Players

    Key players operating in the Perms and Relaxants market are-

    • Unilever plc (UK)
    • The Procter & Gamble Company (US)
    • L'Oréal S.A. (France)
    • JOTOCO Corp. (Philippines)
    • Henkel AG & Co. KGaA (Germany)
    • Makarizo International (Indonesia)
    • Coty Inc. (US).

    Market Dynamics

    The growth of the perms and relaxants market is primarily driven by a rising preference for hairstyling coupled with changing lifestyles and growing urbanization. Furthermore, the increasing influence of celebrities on hairstyles is one of the key factors likely to drive the growth of perms and relaxants at a significant rate during the review period. In addition to this, strong product demand in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    Segments' Analysis

    Application Trends

    By application, the perms and relaxants market has been bifurcated into supermarkets/hypermarkets, convenience stores, specialist retailers, online stores, and others. Under these, the supermarkets/hypermarket segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.

    Regional Trends

    By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The segment growth is primarily attributed to the growing inclination toward hairstyling among millennials coupled with rising per capita disposable income in the developing countries particularly China and India. The market growth in the North American region is expected to be driven by high product demand coupled with the presence of key market players such as The Procter & Gamble Company (US) and Coty Inc. (US).

    COVID-19 Impact on Perms and Relaxants Market

    The outbreak of the COVID-19 virus has affected the beauty and cosmetics industry significantly. Stringent lockdown measures and restricted movement of people affected the product demand and supply for a short period of type.

    Critical Questions Answered in the Report

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

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    Target Audience

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

    • Perms and relaxants distributors
    • Perms and relaxants suppliers
    • Perms and relaxants manufacturers
    • Logistics organizations
    • Government bodies

    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 at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The perms and relaxants market is expected to witness an impressive growth of 3.1% CAGR in the perms and relaxants market in the coming years.

    Unilever plc (UK), The Procter & Gamble Company (US), L'Oral S.A. (France), JOTOCO Corp. (Philippines), Henkel AG & Co. KGaA (Germany), Makarizo International (Indonesia) and Coty Inc. (US) are among the key players in the perms and relaxants market.

    The perms and relaxants market size is expected to reach USD 1.19 billion in the foreseeable future.

    The supermarkets/hypermarket segment is expected to register significant growth in the perms and relaxants market in the coming years.

    Asia-pacific accounted for the largest share in the perms and relaxants market in 2020.

    Perms and relaxants distributors, Perms and relaxants suppliers, Perms and relaxants manufacturers, Logistics organizations, Government bodies are the target audience in the perms and relaxants market.

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