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Spray April 2015

April 2015 Spray 21 Market Beat Temporary hair color products find popularity in Britain Sales of temporary hair color products tripled in the UK between 2013 and 2014, from £1 million to £3 million ($4.4 million), according to market research firm Mintel. Temporary hair color represents a bright spot in the British hair color category, which fell 5% over the same period due to significant declines in permanent hair color products. By appealing to men and older women with celebrity endorsers and innovative new products, temporary hair color products managed to weather the storm; 33% of men aged 16–24 colored their own hair over the past year. Bright future for the color cosmetics market The global color cosmetics market is expected to reach $47 billion by 2019, according to RnRMarketResearch.com, rising at a compound annual growth rate (CAGR) of 4% over the next five years. North America and Europe dominate market share due to high levels of disposable income among consumers, while Asia-Pacific is expected to contribute the bulk of growth in the immediate future, predominantly in China and India. Consumers are willing to explore new advanced products in both developed and developing regions, with particularly high demand for organic color cosmetics and anti-aging skin care products. Prestige and mass products are the most popular segments, with mass products expected to see the largest CAGR in Europe and North America through 2019. Healthy future for paints and coatings Market research firm Marketsand- Markets projections have the global paints and coatings market growing at a CAGR of 5% between 2015 and 2020, reaching about $181 billion. Demand for environmentally-friendly, non-hazardous, VOC compliant paints and coatings has increased significantly since the last decade, particularly in the Asia-Pacific region. China, Brazil, India and the Middle East are expected to contribute the most to overall industry growth. Worldwide demand for household insecticides to continue growth Global household insecticide demand has seen significant growth in recent years due to rapid urbanization in emerging markets, particularly Asia Pacific, according to Household Insecticides Market, a new study conducted by Persistence Market Research. Rising awareness among consumers regarding disease control and the increasing popularity of “bio-based” insecticides have created new opportunities in the market. Asia Pacific is the fastest growing region, followed by North America and Europe. Rising toxicity levels in household insecticides due to insect immunity and an active regulatory scene will continue to boost innovation and growth in the segment, concluded Persistence. HQ-free skin repair is the next skin care frontier Products free of hydroquinone (HQ), an organic compound commonly found in skin-whitening products, are driving sales in the hyperpigmentation and sun damage skin care market, according to Professional Skin Care: U.S. Market Analysis and Opportunities, a new report published by Kline & Co. Products with HQ concentrations greater than 1% are already banned in the European Union and five U.S. states due to reported adverse side effects, with expanded regulation expected in the future. This opens opportunities for HQ-free products in the nearly one-quarter of total take-home skin care product sales that address hyperpigmentation, an issue expected only to become more widespread as baby boomers continue to age, according to Kline. SPRAY


Spray April 2015
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