Cosmetics Preservative Market Key Players by 2024: Ashland, The Dow Chemicals, Brenntag AG, Lonza Group, Chemipol, BASF, Symrise AG and Clariant

Germany parabens cosmetic preservatives market size is likely to reach 1.5 kilo tons owing to its usage in conditioners, shampoos, sunscreen lotions and anti-aging cremes. These chemicals have similar features as organic products due to high effectiveness as bactericide and fungicide properties, along with manufacturers acceptance as it offers high compatibility, thus prompting cosmetic preservatives market size.

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China cosmetics preservative market demand from toiletries application may witness significant growth of over 6.5% by 2024. Rising living standard of consumers along with large scale of economies has impelled demand for toiletries in this region and is likely to boost demand for cosmetic preservatives in this segment.

High penetration rate of global brands, escalating demand for functional products along with growth in working women population will drive cosmetic preservatives market size. These compounds are mixed with personal care products to improve facial appearance and enhance product lifespan. Growing in customer expenditure on beautification supported by increasing ageing population will propel product demand.

Expanding haircare industry to augment cosmetic preservative market trends:

The second largest and one of the oldest cosmetic preservative consumers, the haircare industry, as on 2018, is estimated to be worth nearly $88 billion. With the influx of new consumers from emerging economies where global beauty standards have gradually started to gain a foothold due to popular media, the haircare industry has registered an expanding consumer base adding to the growth of the cosmetic preservative market. The idea that healthy hair projects a youthful appearance is also driving product sales.

Skincare industry growth to play a considerable role in cosmetic preservative industry expansion:

The skincare sector is largest cosmetic preservative consumer in the world, accounting for a fairly large proportion of the global cosmetics sphere. In recent years skincare routines are becoming a part of self-care for many from a very young age and are continued throughout, being viewed as an antiaging endeavor. The phenomenon of going green in recent years has also made an impact on the skincare industry trends, the influence of which can be notably felt in the unprecedented growth pace of the overall cosmetic preservative market.

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Cosmetic Preservatives Market, By Product

• Natural/ Organic Preservatives
o Plant & herbal extract
o Essential oil
o Natural Antioxidants
o Organic acids
• Synthetic/ Chemical
o Parabens
o Formaldehyde Releasers
o Alcohols
o Phenol Derivatives
o Quaternary Ammonium Compounds
o Others

Cosmetic Preservatives Market, By Application
• Hair Care
• Skin Care
• Toiletries
• Fragrances and Perfume
• Baby Products

Considering natural preservatives are less effective than synthetic ones, larger portions of preservatives have to be used in products, a factor that will further contribute to the expansion of the cosmetic preservative industry. Natural & organic ingredients are found to increase the quality of and decrease the contamination in end-use cosmetics, on the grounds of which the demand for organic cosmetic preservative market is projected to observe an exponential rise in the years ahead. Plant extracts for instance, have been gaining robust momentum across the beauty realm. As per estimates, natural cosmetic preservative industry size from plant and herbal extracts are estimated to surpass $120 million by 2024.

As the trend of beauty and image consciousness continues to catch on among the masses, the demand for excellent quality cosmetics will witness an upsurge. Driven by incorporation of sophisticated preservatives and the rising standards of the beauty industry, global cosmetic preservative market outlook is expected to witness a transformation over the ensuing years.

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Global cosmetic preservatives market share is competitive and moderately consolidated with key industry precipitants includes Chemipol, Lonza Group, Brenntag, Dow Chemical Company, Brenntag, BASF SE, Ashland Inc and Akema Fine Chemicals. Increasing consumption of beauty products has impelled vendors to invest profoundly in R&D for cosmetic preservatives. Companies are spending more on product design, manufacturing phases, Innovation and commercialization.

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