Health, beauty claims a big driver in skin, hair care markets

Producers say personal-care chemical markets—skin-care markets in particular—are full of new opportunities related to health and sustainability trends. Ashland said in a recent investor presentation that size of the market available to the company in personal care represents a $5–6-billion opportunity. The company sees that market as growing at 4–5%/year. Health claims, in particular, are a big concern of personal-care product formulators, according to John Panichella, president of Ashland Specialty Ingredients. Makers of skin- and...

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