QY Research recently published a report, titled “Global Skin Protectant Products Market Insights, Forecast to 2025”. This report is an in-depth analysis of the global skin protectant product market. The research focuses on various aspect of the market such as drivers, market segmentation into product type and application, regional analysis, key players, and competitive landscape. Global skin protectant product market is expected to grow due to growing consumption of beauty products.
The global skin protectant products market is was worth US$470.18 mn in 2018 and is projected to reach US$736.95 mn by the end of 2025. During the forecast years of 2018 and 2025, the global market for skin protectant products is expected to register a CAGR of 6.63%.
Global Skin Protectant Products Market: Drivers and Restrains
Skin protectant products are widely used for preventing exposure to UV radiation. Increasing awareness about the negative impact of over-exposure to sun has raised the demand for skin protectant products. Ability of these products to offer antibacterial and antifungal care to the skin has also prompted its sales. Furthermore, increasing awareness about grooming amongst men has also spiked the demand for skin protectant products in recent years. Changing lifestyles that are marked by focus towards grooming has played a vital role in the development of this market. Furthermore, promise of skin protectant products to contain signs of aging along with providing long-lasting moisture are expected to drive the global market.
Global Skin Protectant Products Market: Geographical Outlook
In terms of region, the global market for skin protectant products is segmented into North America, Asia Pacific, Europe, Central and South America, and the Middle East and Africa. Analysts anticipate that Asia Pacific will drive the demand for skin protectant products due to a huge consumer pool with a significant disposable income. Furthermore, increasing awareness about grooming and skin care amongst the urban population is also expected to up the demand for these products across the emerging economies Asia Pacific.
Global Skin Protectant Products Market: Segment Analysis
The global skin protectant products market is segmented on the basis of type and applications. On the basis of type, the market is segmented into medical skin protectants and personal care skin protectants. The application segment includes baby and kids and adults.
Global Skin Protectant Products Market: Key Players
The major players operating in the global skin protectant products market are TRI-K Industries, 3M, ConvaTec, Medline Industries, Pharmaceutical Specialties, Johnson and Johnson, Warner-Lambert, Unilever, and others.
Global Skin Protectant Products Market: Competitive Landscape
Players in global skin protectant market are developing new strategies for launching new products. Companies are also expected to look at mergers and acquisitions, partnerships, collaborations and agreements of joint ventures.
For instance, Johnson and Johnson recently announced a new range of skin and hair products in American Academy of Dermatology (AAD) Annual Meeting in Washington, DC. The new range of product protects the skin from dehydration, photo damage, low-level light therapy, and microbiome. The research for these products are powered by machine based learning. The products are tailored on consumers need. Thus, launch of new products is expected to help the companies combat intensifying competition.
Full Report Overview@ https://www.qyresearch.com/index/detail/830522/global-skin-protectant-products-market