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Hair care in Saudi Arabia
FOCUS Africa) and Singapore, which develop product solutions in the area of personal care for customers in the Sub-Saharan Africa region and in Southeast Asia, Australia and New Zealand. The new facilities supplement the worldwide network of laboratories of Evonik's cosmetic business, which also includes sites in Essen, Guarulhos (Brazil), Hopewell (USA) and Shanghai (China). Evonik has also just added a hair laboratory to the applications laboratory that has existed in Guarulhos since 2012, in order to support its customers in Central and South America in the development of innovative hair care products. More than one hundred Evonik employees worldwide work in R&D for the cosmetic industry. In recent years, the company has put new large-scale plants for the production of active ingredients for the cosmetics industry into operation in China and Brazil ['Focus on Surfactants, Dec 2014]. As a result, the company is also active in these attractive growth markets and can serve local and regional customers from a local base even better. With around 5%/y growth, the market for cosmetic products is growing faster worldwide than the global gross domestic product. In Brazil alone, the demand has risen steadily in recent years by about 10%. The main driver in emerging economies is the growth of a middle class with strong purchasing power. At the same time, consumers worldwide are increasingly seeking high-quality products that are custom-tailored to their needs. Original Source: Evonik Industries, 30 Jul 2015, (Website: http://corporate.evonik.com/ en/) © Evonik Industries AG 2015
Russian consumer protection authority takes action against western detergents The Russian consumer protection authority Rospotrebnadzor wants some of the detergent brands of foreign companies to disappear from the shelves of local supermarkets. The authority says several of Henkel's, Procter & Gamble's, ColgatePalmolive's and Clorox's products do not meet the country's health regulations. Distributors have been ordered to remove them from their range. Officials have also investigated a Henkel plant in the Perm region. Russia is Henkel's fourth-largest market. October 2015
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According to Henkel, all the detergents and cleaners it supplies to the Russian market have previously received a state registration certificate from the relevant authorities, without which they cannot be marketed. This also applies to all the detergents that the company produces in Russia. Henkel says it has confidence in the validity of the registration certificate as a basis for the legal marketing of products. The company also conducts its own safety evaluations. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 25 Aug 2015, (Website: http:// www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2015. Original Source: Chemie Aktuell, 25 Aug 2015, (Website: http://www.maerkte-weltweit. de) (in German) © MBM Martin Brueckner Medien GmbH 2015
in 2014. Volume sales of shampoos increased by 2%. Unilever and Procter & Gamble Interamericas Inc represented 29% and 20% of the country's hair care market, respectively. In terms of volumes, styling agents decreased by 1%. The Mexican hair care market increased by 3.6% to $2.02 bn in 2014. P&G has a 23% share in the Mexican hair care market. The medicated shampoo sub-category was worth $47 M in 2014. The market is projected to reach $1.8 bn in 2019, with CAGR of 2%. New releases from hair care companies include shampoos, conditioners and hair dyes. Original Source: CBM, Cosmetics Business Markets, Aug 2015, 32 (8), 33-34 (Website: http://www.cosmeticsbusiness.com) © HPCi Media Limited 2015
Hair care in Saudi Arabia
Other Soy lecithin found effective for cleaning up crude oil spills A team of researchers found that surfactants made from soy lecithin worked as well as or slightly better than two commercially available dispersants in getting rid of oil spills. The study is published in 'ACS Sustainable Chemistry & Engineering'. Original Source: Chemical Weekly, 5 May 2015, LX (39), 187 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2015
MARKET REVIEWS Hair care report: Global roundup The US hair care market increased by 25% to $11.56 bn in 2014. The country is the largest market for hair care products in the world, followed by Brazil ($9.07 bn) and China ($7.51 bn). In the USA, conditioners, shampoos and hair loss treatments amounted to $2.23 bn (+5%), $2.60 bn (+3.3%) and $122.30 M (+3.4%), respectively. Salon hair care, colorants and styling products reached $2.20 bn (-0.6%), $1.84 bn (-0.1%) and $1.96 bn (-0.2%), respectively. The value of the Argentinean hair care market increased by 28% in 2014. Product sales grew by 31% to $1.06 bn
As reported by Euromonitor International, the hair care market in Saudi Arabia reached $650.7 M in 2014, with a CAGR of 6.9% to reach $909 M in 2019. The market will be driven by hair care products for women. In terms of value, Procter & Gamble has a 28% market share. In 2014, Procter & Gamble Arabia, Binzagr Lever and Wella had a combined share of 59% in the country's hair care market. According to Euromonitor, Saudi per capita spending on hair care is expected to increase from $21.70 in 2014 to $22.80 in 2015. In 2019, it is projected to reach $27.60. Between 2012 and 2014, salon hair care sales increased by 17%. In 2015, sales of 2-in-1 shampoos and conditioners are expected to reach $116.4 M (from $112.3 M in 2014). In the styling agents sector, hair gels represented 47% of market share in 2014. Original Source: CBM, Cosmetics Business Markets, Aug 2015, 32 (8), 35-37 (Website: http://www.cosmeticsbusiness.com) © HPCi Media Limited 2015
COMPANY RESULTS Huntsman reports 2Q 2015 results Huntsman Corp reported 2Q 2015 results with revenues of $2740 M and adjusted EBITDA of $385 M, compared to revenues of $2988 M and adjusted
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Russian consumer protection authority takes action against western detergents The Russian consumer protection authority Rospotrebnadzor wants some of the detergent brands of foreign companies to disappear from the shelves of local supermarkets. The authority says several of Henkel's, Procter & Gamble's, ColgatePalmolive's and Clorox's products do not meet the country's health regulations. Distributors have been ordered to remove them from their range. Officials have also investigated a Henkel plant in the Perm region. Russia is Henkel's fourth-largest market. October 2015
ON
S U R FAC TA N T S
According to Henkel, all the detergents and cleaners it supplies to the Russian market have previously received a state registration certificate from the relevant authorities, without which they cannot be marketed. This also applies to all the detergents that the company produces in Russia. Henkel says it has confidence in the validity of the registration certificate as a basis for the legal marketing of products. The company also conducts its own safety evaluations. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 25 Aug 2015, (Website: http:// www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2015. Original Source: Chemie Aktuell, 25 Aug 2015, (Website: http://www.maerkte-weltweit. de) (in German) © MBM Martin Brueckner Medien GmbH 2015
in 2014. Volume sales of shampoos increased by 2%. Unilever and Procter & Gamble Interamericas Inc represented 29% and 20% of the country's hair care market, respectively. In terms of volumes, styling agents decreased by 1%. The Mexican hair care market increased by 3.6% to $2.02 bn in 2014. P&G has a 23% share in the Mexican hair care market. The medicated shampoo sub-category was worth $47 M in 2014. The market is projected to reach $1.8 bn in 2019, with CAGR of 2%. New releases from hair care companies include shampoos, conditioners and hair dyes. Original Source: CBM, Cosmetics Business Markets, Aug 2015, 32 (8), 33-34 (Website: http://www.cosmeticsbusiness.com) © HPCi Media Limited 2015
Hair care in Saudi Arabia
Other Soy lecithin found effective for cleaning up crude oil spills A team of researchers found that surfactants made from soy lecithin worked as well as or slightly better than two commercially available dispersants in getting rid of oil spills. The study is published in 'ACS Sustainable Chemistry & Engineering'. Original Source: Chemical Weekly, 5 May 2015, LX (39), 187 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2015
MARKET REVIEWS Hair care report: Global roundup The US hair care market increased by 25% to $11.56 bn in 2014. The country is the largest market for hair care products in the world, followed by Brazil ($9.07 bn) and China ($7.51 bn). In the USA, conditioners, shampoos and hair loss treatments amounted to $2.23 bn (+5%), $2.60 bn (+3.3%) and $122.30 M (+3.4%), respectively. Salon hair care, colorants and styling products reached $2.20 bn (-0.6%), $1.84 bn (-0.1%) and $1.96 bn (-0.2%), respectively. The value of the Argentinean hair care market increased by 28% in 2014. Product sales grew by 31% to $1.06 bn
As reported by Euromonitor International, the hair care market in Saudi Arabia reached $650.7 M in 2014, with a CAGR of 6.9% to reach $909 M in 2019. The market will be driven by hair care products for women. In terms of value, Procter & Gamble has a 28% market share. In 2014, Procter & Gamble Arabia, Binzagr Lever and Wella had a combined share of 59% in the country's hair care market. According to Euromonitor, Saudi per capita spending on hair care is expected to increase from $21.70 in 2014 to $22.80 in 2015. In 2019, it is projected to reach $27.60. Between 2012 and 2014, salon hair care sales increased by 17%. In 2015, sales of 2-in-1 shampoos and conditioners are expected to reach $116.4 M (from $112.3 M in 2014). In the styling agents sector, hair gels represented 47% of market share in 2014. Original Source: CBM, Cosmetics Business Markets, Aug 2015, 32 (8), 35-37 (Website: http://www.cosmeticsbusiness.com) © HPCi Media Limited 2015
COMPANY RESULTS Huntsman reports 2Q 2015 results Huntsman Corp reported 2Q 2015 results with revenues of $2740 M and adjusted EBITDA of $385 M, compared to revenues of $2988 M and adjusted
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