APAC Market Statistics
Asia Pacific industry is likely to hold largest revenue share of 40% by 2037. The market growth in the region is also expected on account of growing chemical industry. One important sector of the Indian economy is the chemical industry since the country is a major producer of paints, dyestuffs, insecticides, fertilizers, and basic organic compounds. India has one of the biggest chemical industries in the world and has been known as a competitive and superior manufacturing destination in the international DMAPA market in recent years.
For instance, more than 12 million metric tons of important chemicals were produced in India in 2022. Furthermore, India ranks fourth globally in terms of income from the beauty and personal care sector in 2022 and is predicted to be among the top 5 global markets by 2025, contributing over 4% of the global cosmetics industry.
North America Market Analysis
The North America region will also encounter huge growth for the dimethylaminopropylamine (DMAPA) market during the forecast period and will hold the second position owing to the growing personal disposable income, leading to a higher demand for cosmetics in this region.
This has supported the cosmetic and beauty products manufacturing sector's earnings since consumers have been spending more of their discretionary income on cosmetics than they did in the prior few years. For instance, the United States' disposable personal income rose by around 0.2% in 2023.
Author Credits: Rajrani Baghel
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