ESSEN, Germany—German specialty chemical company Evonik won an Award of Merit in the China Personal Care & Cosmetics Innovation Award category at the Personal Care and Homecare Ingredients (PCHi) 2014 for its hair and scalp care active ingredient SPHINGONY.

SPHINGONY is a skinidentical sphingolipid that rebalances the growth cycle of the hair and repairing follicles. This product has been shown to prevent hair loss, especially in the case of androgenic alopecia.

Last month, Evonik created the CAREtain communication platform to encourage customers to participate in creating innovative cosmetic products with lower environmental impact. Check out INSIDER's "A New Standard of Beauty" digital issue on the cosmeceutical industry.