The global hair bond multiplier market is anticipated to grow at a considerable CAGR 4% during the forecast period (2022-2028). The hair bond multiplier is a product used in the hair treatment process. The market growth is attributed to the rise in various hair treatment processes such as hair straightening, hair perming, and hair weaving, which are often in demand by the end-users. Moreover, the high purchasing power of individuals in developed economies and support from other cosmetic brands boost the market growth. Owing to the growth of fashion trends and the need to define a quotient of a different style, individuals are more inclined to explore hairstyles, modifications, and different hair color combinations. The growing focus of individuals on personal grooming and personal care have led to an increase in demand for hair care and grooming procedures which in turn drives the market growth.
In addition, the age factor plays a crucial role in the future growth of the market. The hair bond multiplier provides protection from hair treatments with chemicals, hair dyes, and various other procedures such as hair straightening and conditioning. An increasing number of millennials are showing an interest in hairdressing and are following in the footsteps of celebrities with different hairstyles. The urban population is more into personal care and grooming and has the majority of investments in hair care products which are further driving the growth of the hair bond multiplier market.
In March 2018, L’Oreal S.A., which is a cosmetics and beauty care company collaborated with Johnny Ramirez, who is a Los Angeles based hairstylist, to offer its products and services at Ramirez Tran Salons. Such collaborations are expected to promote the market growth.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive LandscapeOlaplex LLC, L’Oréal S.A., Lakme Lever Private Limited, Earthly Body, Inc., Unilever, Avon Products, Inc., Hand enkel AG & Co. KGaA., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Hair Bond Multiplier Market Report by Segment
By Type
- Kit
- Loose
By Application
- Salons
- Spa
- Personal Use
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