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An overview of North Africa's personal care market
FOCUS Unilever factory launched at the Dubai Industrial Park in Dec 2016, which costed UAE Dirham 1 bn ($272 M) ['Focus on Surfactants', Mar 2017]. In Saudi Arabia, the skin care sector in 2016 grew by 10.1% to $762 M and is anticipated to grow further by 7%. Facial skin care products led the market, improving at a compound annual growth rate (CAGR) of 12% for the past five years. It is, however, projected to grow at a CAGR of 9% in the next five years. In Qatar, the country's skin care sector in 2015 was valued at $233 M and is anticipated to rise further at a CAGR of 4.81% through 2020. Original Source: SPC, Soap, Perfumery and Cosmetics, Apr 2017, 90 (4), 38-40 (Website: http://www.cosmeticsbusiness.com/) © HPCi Media Ltd 2017
Personal care and beauty in Iran: the one to watch The beauty products market in Iran is healthy due to the growing economy. Nearly 50,000 brands of toiletries, health and beauty care products have been imported into Iran since Mar 2017, while local manufacturers have produced 7320 personal care and beauty products. Cosmetic products manufactured in Iran since Mar 2016 were valued at $350 M. According to the Iranian Chamber of Commerce, Industries, Mines and Agriculture, the country's detergents and cosmetics market is worth $5.2 bn/y. The value, which includes imported and locally made products, does not include smuggled goods. Original Source: SPC, Soap, Perfumery and Cosmetics, Apr 2017, 90 (4), 43 (Website: http://www.cosmeticsbusiness.com/) © HPCi Media Ltd 2017
An overview of North Africa’s personal care market Innovative firms are surviving in the tough North African personal care market. Egypt's personal and beauty care sector is the biggest in North Africa with a value of $1.2 bn. The country is said to be a major toiletries and cosmetics production hub, with companies such as Unilever, Procter & Gamble, L'Oreal and Beiersdorf. According to Euromonitor, the Egyptian beauty and personal care sector is projected to rise by 3.9% for FY 2016-2017 compared to FY 2015-2016. Morocco's personal care and beauty products market July 2017
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increased by 9.6% year on year to Dirham 7.9 bn ($788.14 M) in 2016 from Dirham 7.2 bn in 2015. Euromonitor forecasts that the sector will grow by 9.8% between 2016 and 2017, and by 9.9% between 2017 and 2018. Algeria's cosmetics sales increased by 12% year on-year in 2016, according to Douanes Algeriennes data. The total personal care and beauty products market for Africa and the Middle East showed a growth of 5.98% to $27.09 bn for 2016. The largest three segments of the personal and beauty care market in Africa and the Middle East are fragrances ($6.46 bn), hair care ($4.43 bn) and skin care ($3.66 bn). Original Source: SPC, Soap, Perfumery and Cosmetics, Apr 2017, 90 (4), 44-46 (Website: http://www.cosmeticsbusiness.com/) © HPCi Media Ltd 2017
Unique positioning for speciality chemicals in Indian home and personal care industry As reported by Tata Strategic Management Group, India's home and personal care (HPC) sector rose from $12.2 bn in 2010 to $18 bn in 2015, and is set to expand by 13%/y to $33 bn by 2020. Through 2020, home care will grow from $6 bn to $12 bn, while personal care will grow from $12 bn to $21 bn. The nation's HPC speciality chemicals sector rose 8% to $603 M in 2015, and is set to expand by 12%/y to $1046 M by 2020. Imports rose 21% from 382,000 tonnes in FY 2014 to 562,000 tonnes in FY 2016, mostly from China, Germany, Japan, South Korea and the USA. Meanwhile, exports rose by only 4%/y from FY 2015 to FY 2016. Original Source: Chemical Weekly, 23 May 2017, 195-196 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017
Ingredients for personal care: global trends and opportunities in India As reported by Kline and Company, the personal care ingredients sector amounts to nearly $20 bn in value, with the undifferentiated and differentiated segments taking market shares of 55% and 45%, respectively. North America, Western Europe and Japan collectively account for nearly two-thirds of the market, followed by China and Brazil. Hair and skin care collectively account
for nearly three quarters of the market, except in Brazil where the former takes a 60% share. Across all formulation types, emollients, surfactants and conditioning polymers are the leading ingredients with a share of nearly 60%. Synthetic ingredients lead ahead of naturals with close to a 60% share. The top-10 ingredients firms collectively account for below half of the market, with the top three holding a 20-30% share. The Indian market, having grown nearly 8%/y on average, could expand by as much as 10-12%/y, the report finds. Original Source: Chemical Weekly, 23 May 2017, 133-134 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017
COMPANY RESULTS Brazil’s Oxiteno reports 1Q 2017 results Oxiteno, the chemicals segment of Brazil's Ultrapar, achieved a sales volume of 196,000 tonnes in 1Q 2017, up 8% compared to 1Q 2016. Sales volume of specialty chemicals was 7% higher, the third consecutive quarter of growth, with a 5% increase in the domestic market (to 140,000 tonnes), notably in the oil & gas, coatings and automotive fluids segments. The 13% rise in sales in the international market (56,000 tonnes) reflected stronger sales to the USA due to pre-marketing activities related to the new 170,000 tonnes/year US facility, which is due to start operations this year ['Focus on Surfactants', Feb 2017]. Commodities sales volume increased by 10% due to favourable conditions on price and product demand. Oxiteno's net sales and services totalled Real 912 M (c $290 M) in 1Q 2017, down 9% from 1Q 2016, due to a 20% stronger Real against the US Dollar, with the 5% higher average price in US Dollars partially offsetting this effect. Oxiteno's EBITDA was Real 62 M in 1Q 2017, down 69% from 1Q 2016, due to the stronger Real, higher costs of certain raw materials and higher pre-operational costs and expenses of the new US plant, which offset the growth in sales volume. The company's 1Q 2017 net revenue was Real 49 M. Oxiteno is the sole producer of ethylene oxide (EO) in Brazil and the largest producer of speciality chemicals (including
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Personal care and beauty in Iran: the one to watch The beauty products market in Iran is healthy due to the growing economy. Nearly 50,000 brands of toiletries, health and beauty care products have been imported into Iran since Mar 2017, while local manufacturers have produced 7320 personal care and beauty products. Cosmetic products manufactured in Iran since Mar 2016 were valued at $350 M. According to the Iranian Chamber of Commerce, Industries, Mines and Agriculture, the country's detergents and cosmetics market is worth $5.2 bn/y. The value, which includes imported and locally made products, does not include smuggled goods. Original Source: SPC, Soap, Perfumery and Cosmetics, Apr 2017, 90 (4), 43 (Website: http://www.cosmeticsbusiness.com/) © HPCi Media Ltd 2017
An overview of North Africa’s personal care market Innovative firms are surviving in the tough North African personal care market. Egypt's personal and beauty care sector is the biggest in North Africa with a value of $1.2 bn. The country is said to be a major toiletries and cosmetics production hub, with companies such as Unilever, Procter & Gamble, L'Oreal and Beiersdorf. According to Euromonitor, the Egyptian beauty and personal care sector is projected to rise by 3.9% for FY 2016-2017 compared to FY 2015-2016. Morocco's personal care and beauty products market July 2017
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increased by 9.6% year on year to Dirham 7.9 bn ($788.14 M) in 2016 from Dirham 7.2 bn in 2015. Euromonitor forecasts that the sector will grow by 9.8% between 2016 and 2017, and by 9.9% between 2017 and 2018. Algeria's cosmetics sales increased by 12% year on-year in 2016, according to Douanes Algeriennes data. The total personal care and beauty products market for Africa and the Middle East showed a growth of 5.98% to $27.09 bn for 2016. The largest three segments of the personal and beauty care market in Africa and the Middle East are fragrances ($6.46 bn), hair care ($4.43 bn) and skin care ($3.66 bn). Original Source: SPC, Soap, Perfumery and Cosmetics, Apr 2017, 90 (4), 44-46 (Website: http://www.cosmeticsbusiness.com/) © HPCi Media Ltd 2017
Unique positioning for speciality chemicals in Indian home and personal care industry As reported by Tata Strategic Management Group, India's home and personal care (HPC) sector rose from $12.2 bn in 2010 to $18 bn in 2015, and is set to expand by 13%/y to $33 bn by 2020. Through 2020, home care will grow from $6 bn to $12 bn, while personal care will grow from $12 bn to $21 bn. The nation's HPC speciality chemicals sector rose 8% to $603 M in 2015, and is set to expand by 12%/y to $1046 M by 2020. Imports rose 21% from 382,000 tonnes in FY 2014 to 562,000 tonnes in FY 2016, mostly from China, Germany, Japan, South Korea and the USA. Meanwhile, exports rose by only 4%/y from FY 2015 to FY 2016. Original Source: Chemical Weekly, 23 May 2017, 195-196 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017
Ingredients for personal care: global trends and opportunities in India As reported by Kline and Company, the personal care ingredients sector amounts to nearly $20 bn in value, with the undifferentiated and differentiated segments taking market shares of 55% and 45%, respectively. North America, Western Europe and Japan collectively account for nearly two-thirds of the market, followed by China and Brazil. Hair and skin care collectively account
for nearly three quarters of the market, except in Brazil where the former takes a 60% share. Across all formulation types, emollients, surfactants and conditioning polymers are the leading ingredients with a share of nearly 60%. Synthetic ingredients lead ahead of naturals with close to a 60% share. The top-10 ingredients firms collectively account for below half of the market, with the top three holding a 20-30% share. The Indian market, having grown nearly 8%/y on average, could expand by as much as 10-12%/y, the report finds. Original Source: Chemical Weekly, 23 May 2017, 133-134 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017
COMPANY RESULTS Brazil’s Oxiteno reports 1Q 2017 results Oxiteno, the chemicals segment of Brazil's Ultrapar, achieved a sales volume of 196,000 tonnes in 1Q 2017, up 8% compared to 1Q 2016. Sales volume of specialty chemicals was 7% higher, the third consecutive quarter of growth, with a 5% increase in the domestic market (to 140,000 tonnes), notably in the oil & gas, coatings and automotive fluids segments. The 13% rise in sales in the international market (56,000 tonnes) reflected stronger sales to the USA due to pre-marketing activities related to the new 170,000 tonnes/year US facility, which is due to start operations this year ['Focus on Surfactants', Feb 2017]. Commodities sales volume increased by 10% due to favourable conditions on price and product demand. Oxiteno's net sales and services totalled Real 912 M (c $290 M) in 1Q 2017, down 9% from 1Q 2016, due to a 20% stronger Real against the US Dollar, with the 5% higher average price in US Dollars partially offsetting this effect. Oxiteno's EBITDA was Real 62 M in 1Q 2017, down 69% from 1Q 2016, due to the stronger Real, higher costs of certain raw materials and higher pre-operational costs and expenses of the new US plant, which offset the growth in sales volume. The company's 1Q 2017 net revenue was Real 49 M. Oxiteno is the sole producer of ethylene oxide (EO) in Brazil and the largest producer of speciality chemicals (including
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