Personal Care, Soaps & Medical Materials
This broad category spans a broad spectrum from certain commodity chemicals for soaps (like caustic soda), to specialty polymers, oils, surfactants and fragrances for personal care products, through complex biomaterials for medical device applications. The commonality is human contact with the final product. The higher volume applications generally still have relatively high margins, due to high switching costs in the final formulation. However, the margins on specialty personal care additives can be very high, and those of biopolymers for medical device applications are truly outstanding.