Guar Hydroxypropyltrimonium Chloride Market - Forecast(2024 - 2030)

Report Code: CMR 60218 Report Format: PDF + Excel

Guar Hydroxypropyltrimonium Chloride Market Overview

The Guar Hydroxypropyltrimonium Chloride Market size is forecasted to grow at a CAGR of around 5.1% from 2022 to 2027. The guar hydroxypropyltrimonium chloride is an organic compound and water soluble that is a quaternary ammonium derivative of the guar. The guar gum is a galactomannan polysaccharide present in the seed of guar plant or cyamopsis tetragonoloba. The guar hydroxypropyltrimonium chloride has major application in the cosmetics and personal care sector in hair care, skin care, soap, shower gels, and others. It is a conditioning agent and offers major demand in the hair care applications, thereby creating a drive in the guar hydroxypropyltrimonium chloride market. Furthermore, the increasing production and growth in the personal care products, cosmetics preparation, and surfactant sector will provide major growth in the market during the forecast period.

Guar Hydroxypropyltrimonium Chloride Market COVID-19 Impact

The economic slowdown and disruption created major impact in the guar hydroxypropyltrimonium chloride industry during the pandemic. The guar hydroxypropyltrimonium chloride has growing application in the personal care and cosmetics sector. The halt in production, demand and supply chain gap, logistics disturbances, and other lockdown restrictions led to a major decline in the growth prospects in the market. The cosmetics and personal care sector faced restricted growth and disruptions during the covid-19 outbreak. The closure of personal care retail stores and outlets due to lockdown guidelines led a decline in the growth of beauty and skin care sector. Furthermore, the sales of skin care, hair care, hygiene care, and other sector saw a fall due to stringent regulations, supply chain disruptions, falling demand, and movement restrictions. According to LOREAL annual report 2020, the worldwide cosmetic market saw a fall in growth by 8.0% in the year 2020. The fall in skin care, hair care, and other sectors led to a decline in application of guar hydroxypropyltrimonium chloride in the market, thereby hindering the growth and demand in the market during the covid-19 outbreak phase.

Report Coverage

The “Guar Hydroxypropyltrimonium Chloride Market Report– Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the guar hydroxypropyltrimonium chloride industry.

By Grade: Cosmetic Grade, Industrial Grade, and Others
By Function: Antistatic Agent, Conditioning Agent, Film Forming, Viscosity Control, Moisturizing Agent, and Others
By Application: Hair Care (Hair Spray, Shampoo, Hair Conditioner, and Others), Skin Care, Surfactant (Soap, Detergent, and Others), Cosmetics, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The guar hydroxypropyltrimonium chloride market size will increase owing to its robust demand for hair care, skin care, surfactant application, and others owing to superior functions such as moisturizing, conditioning, viscosity control, and others.
  • The North America is the fastest growing region in the guar hydroxypropyltrimonium chloride market owing to the flourishing cosmetics, personal care, surfactant sector, along with high demand for organic or naturally derived personal care products, thereby boosting the demand of guar hydroxypropyltrimonium chloride in this region.
  • The demand of conditioning agent function of the guar hydroxypropyltrimonium chloride is high due to major usage in skin care, hair care, and body care formulations.

Figure: North America Guar Hydroxypropyltrimonium Chloride Market Revenue, 2021-2027 (US$ Million)


Guar Hydroxypropyltrimonium Chloride Market

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Guar Hydroxypropyltrimonium Chloride Market Segment Analysis – By Function

By function, the conditioning agent is the fastest growing segment and is expected to grow with a CAGR of around 6.2% during the forecast period. The high demand of guar hydroxypropyltrimonium chloride as a conditioning agent for hair care products such as shampoo, hair conditioners, skin conditioners, and others is boosting the growth in the market. Furthermore, the major application of guar hydroxypropyltrimonium chloride function in the shampoo formulation and skin cleansers in the personal care sector will offer growth in the guar hydroxypropyltrimonium chloride industry. According to the Cosmetics Europe, the Personal Care Association, the European cosmetics and personal care sector was valued USD 80 billion at retail sale prices in the year 2020. The robust growth and flourishing demand of guar hydroxypropyltrimonium chloride as conditioning agent in personal care sector for hair care and skin care applications is driving the market. Thus, the guar hydroxypropyltrimonium chloride market will grow rapidly during the forecast period.

Guar Hydroxypropyltrimonium Chloride Market Segment Analysis – By Application

By application, the hair care segment held the largest guar hydroxypropyltrimonium chloride market share in 2021, with a share of over 27%. The guar hydroxypropyltrimonium chloride has major demand in the hair care applications, owing to its superior functions such as antistatic agent, conditioning, and others. The guar hydroxypropyltrimonium chloride is used in hair products such as shampoo, hair conditioners, hair spray, and others as it provides good moisturization and protection to the hair. Furthermore, the increasing application on guar hydroxypropyltrimonium chloride in the hair sector of personal care and cosmetics sector will boost the growth in guar hydroxypropyltrimonium chloride industry. According to the Unilever press release 2021, the beauty and personal care underlying sales rose by 3.8%, price by 3.0%, and volume by 0.8% in 2021. Thus, with major demand and application of guar hydroxypropyltrimonium chloride in the hair care sector, the guar hydroxypropyltrimonium chloride market will grow rapidly during the forecast period. 

Guar Hydroxypropyltrimonium Chloride Market Segment Analysis – By Geography

By geography, North America is the fastest-growing region in the guar hydroxypropyltrimonium chloride market and is expected to grow with a CAGR of around 6.4% during the forecast period. The robust growth in this region is due to the flourishing personal care cosmetics, and skin care sector. The rise in hair care innovations and demand for organic hair care and skin care products is boosting the growth in the market. The wide range of application of guar hydroxypropyltrimonium chloride in hair products, skin care formulations, surfactants, and others is influencing the growth. According to the L’OREAL Finance, the North American zone denoted a growth of 23.2% for like-for-like sales and 13.8% for reported based in first half of 2021. Furthermore, growing application of guar hydroxypropyltrimonium chloride across cosmetic and personal care sector is driving the guar hydroxypropyltrimonium chloride industry. The development, innovation, and advancement in beauty and personal well being will offer high demand for guar hydroxypropyltrimonium chloride owing to its function in moisturization, conditioning, and protection. Thus, the guar hydroxypropyltrimonium chloride market will grow rapidly during the forecast period.

Guar Hydroxypropyltrimonium Chloride Market Drivers

Increasing demand in the hair care applications

The demand of guar hydroxypropyltrimonium chloride for the hair care applications is growing rapidly. The guar hydroxypropyltrimonium chloride has major application in the hair care such as shampoo, hair spray, hair detangler, conditioners, and others. This is due to its superior functions such as conditioning agent, antistatic agent, and others. Moreover, the growth of organic hair care products is influencing the demand of guar hydroxypropyltrimonium chloride, as the rising production and innovative development in the hair care products is boosting the application of guar hydroxypropyltrimonium chloride in the market. For instance, the Atulya brand introduced the keratin hair products, which includes hair oil, hair conditioner, and shampoo in 2021. Furthermore, the Solvay initiated the addition of Guar in Jaguar biodegradable range for hair care and skin care products in 2022. Thus, the guar hydroxypropyltrimonium chloride market is growing and experiencing a major drive with rise in application for hair care sector.

Growing demand in the skin care formulations

The guar hydroxypropyltrimonium chloride, which is a quaternary ammonium derivative of guar gum or cyamopsis tetragonoloba is majorly used in the skin care formulations. The guar hydroxypropyltrimonium chloride is widely used in various skin care formulations as it offers skin conditioning, moisturization, film forming, and viscosity control functions. According to the International Trade Administration, the U.S. Department of Commerce data showed an export value of USD 838 million of personal care and cosmetic products to China in 2020. The growing usage of the guar hydroxypropyltrimonium chloride in skin care formulations such as skin moisturizer, body lotions, and others is offering major growth in the guar hydroxypropyltrimonium chloride market. Thus, with growing demand and application of guar hydroxypropyltrimonium chloride in skin care products owing to its natural and organic features, the guar hydroxypropyltrimonium chloride industry is experiencing major growth opportunities in the market.

Guar Hydroxypropyltrimonium Chloride Market Challenges

Price fluctuations of raw material

The guar hydroxypropyltrimonium chloride is derived from the guar gum, a type of polysaccharide. The increase in the guar prices and destruction in supply due to price fluctuations is creating a major challenge in the guar hydroxypropyltrimonium chloride market. Moreover, the uncertainty in the supply of raw material due to erratic production and price fluctuations of guar gum plantation is hindering the growth opportunities in the market. For instance, on the NCDEX the guar seed prices have rose by 12%, while the guar gum prices have increased by 20% in one month in 2020. The rise in prices of guar gum, which gives guar hydroxypropyltrimonium chloride for various applications, is hampering the market. Thus, the price and supply factor is creating a major challenge and slowdown in the guar hydroxypropyltrimonium chloride market.

Guar Hydroxypropyltrimonium Chloride Industry Outlook

The guar hydroxypropyltrimonium chloride top 10 companies include:

  1. BASF SE
  2. Solvay S. A.
  3. The Dow Chemical Company
  4. Ashland Global Specialty Chemicals Inc.
  5. Innospec Inc.
  6. Suzhou Synerguar Hydrocolloid Technology Co., Ltd.
  7. Akzo Nobel
  8. Brenntag SE
  9. Supreme Gums Private Limited
  10. Parchem Fine and Specialty Chemical

Recent Developments

  • In April 2022, the Solvay and P&G Beauty entered into partnership for development of the sustainable guar production scale in India. This partnership will boost the production and capacity of Jaguar, a guar based product line for cosmetics, personal care, food, and others.
  • In December 2021, the Solvay introduced two latest biodegradable grades to its Jaguar guar-based polymers range, namely guar hydroxypropyltrimonium chloride and HP-8 COS SGI for application in beauty care sector.
  • In September 2019, the Givaudan Active Beauty launched natural alternative for the cationic guar or guar hydroxypropyltrimonium chloride for their hair care conditioning product, replacing the guar based source.

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1. Guar Hydroxypropyltrimonium Chloride Market- Market Overview
    1.1 Definitions and Scope
2. Guar Hydroxypropyltrimonium Chloride Market - Executive Summary
    2.1 Key Trends by Grade
    2.2 Key Trends by Function
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Guar Hydroxypropyltrimonium Chloride Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Guar Hydroxypropyltrimonium Chloride Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1.Investment
        4.1.2.Revenue
        4.1.3.Product portfolio
        4.1.4.Venture Capital and Funding Scenario
5. Guar Hydroxypropyltrimonium Chloride Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Guar Hydroxypropyltrimonium Chloride Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Guar Hydroxypropyltrimonium Chloride Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Guar Hydroxypropyltrimonium Chloride Market – By Grade (Market Size -$Million/Billion)
    8.1 Cosmetic Grade
    8.2 Industrial Grade
    8.3 Other
9. Guar Hydroxypropyltrimonium Chloride Market – By Function (Market Size -$Million/Billion)
    9.1 Antistatic Agent
    9.2 Conditioning Agent
    9.3 Film Forming
    9.4 Viscosity Control
    9.5 Moisturizing Agent
    9.6 Others
10. Guar Hydroxypropyltrimonium Chloride Market – By Application (Market Size -$Million/Billion
    10.1 Hair Care
        10.1.1 Hair Spray
        10.1.2 Shampoo
        10.1.3 Hair Conditioner
        10.1.4 Other
    10.2 Skin Care
    10.3 Surfactant
        10.3.1 Soap
        10.3.2 Detergent
        10.3.3 Others
    10.4 Cosmetics
    10.5 Others
11. Guar Hydroxypropyltrimonium Chloride Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Guar Hydroxypropyltrimonium Chloride Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Guar Hydroxypropyltrimonium Chloride Market – Industry/Competition Segment Analysis Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Guar Hydroxypropyltrimonium Chloride Market – Key Company List by Country Premium Premium
15. Guar Hydroxypropyltrimonium Chloride Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies*"
LIST OF TABLES

LIST OF FIGURES

1.US Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
2.Canada Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
3.Mexico Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
4.Brazil Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
5.Argentina Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
6.Peru Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
7.Colombia Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
8.Chile Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
9.Rest of South America Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
10.UK Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
11.Germany Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
12.France Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
13.Italy Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
14.Spain Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
15.Rest of Europe Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
16.China Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
17.India Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
18.Japan Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
19.South Korea Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
20.South Africa Guar Hydroxypropyltrimonium Chloride Market Revenue, 2023-2030 ($M)
21.North America Guar Hydroxypropyltrimonium Chloride By Application
22.South America Guar Hydroxypropyltrimonium Chloride By Application
23.Europe Guar Hydroxypropyltrimonium Chloride By Application
24.APAC Guar Hydroxypropyltrimonium Chloride By Application
25.MENA Guar Hydroxypropyltrimonium Chloride By Application