Global Preservative Blends Market: High Demand from Personal Care Products to Drive Market’s Growth, says TMR
With a large number of players, the global market for preservative blends demonstrates a fragmented and a competitive landscape, finds a research report by Transparency Market Research (TMR). The leading companies, such as The Dow Chemical Co., Lonza, and Lanxess, are primarily concentrating on improving the product definition, design, commercialization, and manufacturing phases, owing to the increasing demand for beauty care, home care, and personal care products. Over the coming years, these players are likely to invest heavily in R&D activities in order to introduce innovative and advanced products, which may lead to intensified competition within the market. As per the report, the worried market for preservative blends presented an opportunity of US$133.5 mn in 2015. Rising at a healthy CAGR of 5.60% during the period from 2016 to 2024, the market is likely to attain a value of US$215.9 mn by the end of the period of the forecast. The demand for the...