Global Hair Bond Multiplier Market By Sales Channel (Direct Sales, Indirect Sales), By Application (Hair Coloring, Hair Treatment), By End-use (Salon, Spa, Personal Use) and By Regions - Global Forecast 2030

Global Hair Bond Multiplier Market is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global hair bond multiplier market has been segmented on the basis of application, sales channel, end-use, as well as regions and countries.

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The Global Hair Bond Multiplier Market was valued at USD $207.1 Mn in 2020, and is projected to achieve a valuation of USD $381 Mn by 2030, at a CAGR of 7.6%.

Overview:

Hair bond multiplier, also known as a bond sustainer or bond creator or bond enhancer. It is a technology that aids in hair rejuvenation. It contains various ingredients such as diglycol dimaleate, bis-aminopropyl, etc. These ingredients are known as hair bond builders as they help to protect, nourish, and restructure hair, especially during the process of hair bleaching or other hair treatments.

Dynamics:

The increasing use of various hair treatment procedures such as permanent hair straightening, hair perming, hair weaving, etc., being carried out at numerous salons and spas across the world is a major factor that is anticipated to continue to fuel the revenue growth of the global hair bond multiplier market over the next 10 years. Moreover, the importance of personal grooming and the maintenance of an aesthetic appearance in today's contemporary age is also a primary factor that is slated to contribute to future market growth opportunities for this global industry.

Furthermore, the influence of social media on the purchasing decisions of individuals, as well as the endorsement of various cosmetic brands by influential celebrities are some elements that have become highly effective in cajoling a greater number of people to invest in these products. This factor is also expected to have a significant impact on the revenue growth of the global hair bond multiplier market in the foreseeable future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global hair bond multiplier market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry. Additionally, the high costs associated with various hair treatments and the increasing availability of cheaper substitutes are also factors that may impede on the revenue growth of the global hair bond multiplier market over the next decade.

Nonetheless, increasing investments being made by key industry players towards the development of improved hair care products that are more economical is also a factor that is expected to further augment the revenue growth of the global hair bond multiplier market in the years to come.

Segmentation of the Global Hair Bond Multiplier Market is as follows:

In terms of sales channel, the indirect sales segment accounted for the maximum number of revenue shares of the global hair bond multiplier market in 2020, and is expected to continue to do so over the forecast period. The direct sales segment is also anticipated to index a high CAGR over the next 10 years.

With regards to application, the hair coloring segment accounted for the highest number of revenue shares of the global hair bond multiplier market in 2020, and is anticipated to continue to do so over the next decade. The hair treatment segment is also indicative of registering a high CAGR over the forecast period.

On the basis of end-use, the salon segment accounted for the highest number of revenue shares of the global hair bond multiplier market in 2020, and this segment is anticipated to continue to do so for the remainder of this forecast period. The spa segment is also slated to index a high CAGR over the course of the next 10 years.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global hair bond multiplier market in 2020, and is indicative of remaining this industry's front-runner over the next decade. However, the markets the Asia Pacific region are expected to register the highest CAGR over the course of the forecast period.

Segmentation of the Global Hair Bond Multiplier Market:

Segmentation by Sales Channel:

• Direct Sales
• Indirect Sales

Segmentation by Application:

• Hair Coloring
• Hair Treatment

Segmentation by End-Use:

• Salon
• Spa
• Personal Use

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA