Press release
Cosmetics Preservative Market Forecast by Key Players: Chemipol, Lonza Group, Brenntag, Dow Chemical Company, Brenntag, BASF SE, Ashland Inc and Akema Fine Chemicals
Global Market Insights
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Cosmetic preservatives manufacturers are substituting parabens with safer and effective product like Benzyl alcohol. It is a latent alternate to parabens due to its wide spectrum and capability to avert growth of yeast, mold and bacteria in cosmetics. Although cost of alternate preservatives is comparatively higher, consumers are ready to spend additional on paraben-free products.
High cost of natural preservatives due to extensive manufacturing process may affect cosmetic preservative market price trends, thus affecting industry profitability. Moreover, estrangement regulatory standards may incur additional compliance cost, which is likely to limit industry growth.
Increasing demand for natural preservatives including tea tree, clove, thyme, and cinnamon along with mounting alertness for personal hygiene are major factors that is likely to stimulate growth of cosmetics preservative market.
Growing demand for functional products along with rising number of employed women population is likely to drive cosmetics preservative market. These ingredients are added to personal care products in order to enhance product lifespan and facial appearance. Growing customer spending on beautification reinforced by increasing aged population will stimulate product demand by 2024.
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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
• Others
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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.
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.
Global cosmetics preservative market share is competitive as well as moderately consolidated among several participants including Clariant, Symrise AG, Dow Chemicals, Ashland, BASF SE, Lonza Group, Brenntag AG, Chemipol and Evonik. Manufacturers are extensively stressing on research and development doings to eradicate product side effects on consumer, with primary importance is given to natural and organic skin care product to fulfill consumer demand.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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