Global Cosmetic Chemicals Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Cosmetic Chemicals Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global cosmetic chemicals market report has been segmented as per type, application, and region.
Global Cosmetic Chemicals Market: Overview
Cosmetic chemicals mainly used in formulation of various cosmetic products such as skin care, hair care, color cosmetics, and others. Manufacturers are largely focusing on organic cosmetic ingredients to meet consumer demand for organic cosmetic products.
Global Cosmetic Chemicals Market: Dynamics
Growing demand for skin care and anti-aging cosmetic products among individuals is a key factor driving growth of the global cosmetics chemicals market. In addition, rising demand for organic and natural cosmetic products, increasing spending on toiletry and cosmetic products, increasing disposable income of individuals are key factors expected to boost growth of the target market during forecast period.
Increasing consciousness about physical appearance, increasing consumer base, changing lifestyle, and increasing working female population are among the other factors expected to drive revenue growth of the global market during the forecast period.
Furthermore, rising demand for advanced beauty products and increasing consumer expenditure on branded organic toiletry and cosmetic products are some factors expected to fuel growth of the global market in the next 10 years. Increasing demand for UV absorbent lotions for personal care, and organic and natural based cosmetic products especially in young generations is another factor expected to propel growth of the global cosmetic chemicals market.
However, stringent rules about the toxic chemicals used in cosmetic products is a major factor expected to restraint growth of the global market. In addition, increasing trend towards use of organic cosmetic products expected to hamper growth of the target market to a certain extent.
Global Cosmetic Chemicals Market: Segment Analysis
Among the type, surfactants segment is expected to account for major share in terms of revenue in the global market, owing to wide application of surfactants in beauty care and personal care products, and increasing demand for skin care, men’s grooming, and hair care products among individuals across the globe.
Among the application, skin care segment is expected to dominate in the global market, owing to increasing demand and usage of skin care products among individuals owing to increasing awareness about healthy skin and skin care among individuals. Increasing focus towards the development of advanced skin care products by cosmetic product manufacturers which are beneficial in specific type of skin problems.
Global Cosmetic Chemicals Market: Region Analysis
The market in North America is estimated to account for highest revenue share in the global market, owing to high disposable income, presence of leading toiletries and cosmetics manufacturers in countries in the region. Market in Asia Pacific is expected to register a highest growth in terms of CAGR in the global market, owing to increasing consumer base, improved standard of living, consciousness about physical appearance among individuals, increased spending on luxury beauty products in emerging countries such as India, China, and other countries in the region. Market in Europe, Latin America, and Middle East & Africa are expected to witness moderate growth in terms of revenue, owing to increasing promotional activities for market penetration of cosmetic products in countries in these regions.
Global Cosmetic Chemicals Market Segmentation:
Segmentation by type:
- Emollients & Moisturizers
- Specialty Additives (Active Ingredients, Colorants, Conditioning Agents, and Preservatives)
Segmentation by application:
- Hair Care
- Skin Care
- Color Cosmetics
- Oral Care
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- The Dow Chemical Company
- Givaudan SA
- Eastman Chemical Company
- Lonza Group Ltd
- BASF SE
- Ashland Global Holdings Inc.
- LANXESS Corporation
- The Procter & Gamble Manufacturing Company
- Solvay SA
- Evonik Industries AG
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