This is according to the report, "Personal Care Ingredients Market by Type (Surfactants, Conditioning Polymers, Emollients, Rheology Modifiers and Others) and by Application (Skin Care, Hair Care, Oral Care and Others) - Global Trends & Forecasts to 2020", published by MarketsandMarkets.

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The research firm says that skin care is the largest application for the personal care ingredients market, and accounted for 43.8% share in terms of value in 2014. The company says there has been an "increase in the demand for personal care ingredients such as surfactants, conditioning polymers, emollients, rheology control agents and others, mainly due to the changing lifestyle and rise in spending capacity, as well as the increasing demand for multi-functional ingredients."

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The report also says that conditioning polymers are the type of ingredient that is expected to witness the highest growth rate - of 7.3%, from 2015 to 2020. Conditioning polymers are majorly used in hair care products. The hair care segment is estimated to see a steep growth due to increasing demand for hair styling, hair conditioning products.