Market Beat August 2014 Spray 21 Aerosol Production in China Increases Although insecticide and paint still make up the lion’s share of aerosol production in China, RnR Market Research reports that personal care and household products are quickly gaining on them. The country’s overall annual aerosol output is expected to reach 3.15 billion cans by 2017, placing China near the world average in per capita consumption. Air Fresheners’ Future Looks Promising According to the Research & Markets report titled Global Air Fresheners Market 2014- 2018, analysts forecast that the Global Air Fresheners market will grow at a compound annual growth rate (CAGR) of 3.92% over the period from 2013–2018. Key Regions in the report include Europe, North America, Asia-Pacific and rest-of-the-world (ROW). Fragrance Booming in Brazil Fragrance demand is growing faster in Brazil than anywhere else in the world, according to a report by packaging firm MeadWestvaco (MWV). Demand for personal care products in Brazil has grown by around 10% each year for the past decade, according to the company. After Elizabeth Arden, Inc. signed an exclusive agreement with women’s designer clothing brand Wildfox Couture to develop and market a line of fine fragrance products. In a continuation of their partnership to develop cost-effective and environmentally sustainable fragrance ingredients, Takasago International Corp. and Amyris announced plans to introduce perfumes containing farnesene-derived fragrance molecules to the international market in early 2015. The announcement came after Amyris, a supplier of renewable products including biofuels, revealed that the molecules had passed feasibility testing. Shiseido Co., Ltd. announced a liscensing agreement allowing the company to produce and distribute perfume products under the Zadig & Voltaire brand name for the next 15 years. The products will fall under Shiseido subsidiary Beauté Prestige International, which features five other fine fragrance brands, including Elie Saab and Jean Paul Gaultier. PPG Industries Inc. announced its acquisition of The Homax Group, a U.S.- doubling its fragrance business in Latin America's largest country in 2013, MWV says it plans to do so again this year. Nature Matters Consumers may be more concerned about natural products when it comes to personal care than previously thought. According to a study commissioned by natural products company Tom’s of Maine, 81% of consumers reported that the absence of artificial preservatives played a significant role when shopping for personal hygiene. The absence of artificial flavors (78%), colors (75%) and gluten (25%) also play a significant role, according to the survey. Friends Influence Millennials, Not Twitter Contrary to the popular opinion that millennials are primarily introduced to brands online, a recent report from datagathering firm PunchTab revealed that only 10% of men and 20% of women born in the 1980s and ‘90s discover new brands on social media. In contrast, 49% of men and 60% of women from the generation reported finding out about new brands through direct contact with others. based provider of home improvement products, from private equity firm Olympus Partners. INEOS acquired BASF’s 50% share of styrene supplier Styrolution. A joint venture founded in 2011 by the two companies, Styrolution will now be a full subsidiary of INEOS. The deal is expected to be completed by the end of 2014. MeadWestvaco’s Specialty Chemicals signed exclusive agreements with three European distribution companies: Azelis, Carroux Handelsgesellschaft GmbH and Quimidroga to market and sell oleochemicals to the tall oil fatty acid and distilled tall oil markets across the continent, including Russia. L’Oréal S.A. acquired NYX Cosmetics, a Los Angeles-based makeup brand whose sales increased 57% in the 12 months preceding May 2014. The acquisition is an attempt to diversify L’Oréal’s offerings in the North American market and comes on the heels of acquisitions of Magic Holdings Int’l Ltd., Decléor and Carita Int’l. Spray CORRECTION Below are corrections to Spray’s Annual Buyers Guide, found in the July issue: Access Business Group Ada, MI 49355 (800) 879-2732 al.mcqueen@accessbusinessgroup.com www.accessbusinessgroup.com Services: Antiperspirant Raw Materials; Corrosion Inhibitors; Odor Neutralizers; Sunscreens Aerosol Technical Solutions Raymond, NH 03077 603-895-0778 chadwick.john@comcast.net www.spraynow.com Services: Consulting; Testing Labs Capmatic Ltd. Montreal, Quebec, Canada H1G 3K7 514-322-0062 sales@capmatic.com www.capmatic.com Services: Actuator Button Placers; Capping Equipment; Checkweighers; Cleaners/Purgers; Coding Devices; Compressors; Conveyors; Crimpers/ Decrimpers; Explosion Suppression Systems; Gauges; Labeling Equipment; Lab Equipment; Leak Detectors; Parts Feeders; Pucks; Pumping Equipment; Used Equipment;Valve Fabricating Machinery; Valve/ Pump Placers; Vibrators; Liquid Filling Equipment; Nozzles; Pressure Filling/ Gassing Equipment; Under Cup; Consulting Mergers & Acquisitions Global Luxury Market Poised to Grow The world luxury market has stabilized and moderate growth of 4%–6% can be expected in 2014, similar to the growth rates of 2012 and 2013, according to reports from the Altagamma Foundation and consulting firm Bain & Company. Growth in the luxury market is heavily tied to tourism, particularly in Europe and Japan. The highest growth rates expected are in Japan and the Middle East, followed by the rest of Asia, the Americas and Europe. Spray
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