Cosmetics Preservative Market Top Key Industry Players: Ashland, Lonza, Akema Fine Chemicals, The Dow Chemical Company, BASF, Chemipol, Clariant AG, Sharon Laboratories, Symrise Ag, Salicylates and Chemicals Pvt Ltd, Thor Group Ltd.
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U.S. cosmetics preservative market from haircare applications may witness gains at over 7% by 2024. Hair care products comprises of liquids including floral water, aloe vera and hydrosol where these liquids are ideal for microbial growth. Preservative plays vital role to prevent these microbes growth, thus driving product demand in this region.
Italy cosmetics preservative market from skin care applications may witness gains at over 8% in the predicted timeframe, owing to upgradation in lifestyles of the individuals, which is positively affecting personal care market demand. Growing demand for skin care products including scrubs, lotions, sunscreens and facemasks, which extensively use preservatives is likely to boost industry growth by 2024.
UK cosmetics preservative market from toiletries application is poised to witness gains of over 7.5% by 2024. Toiletries can become polluted and contaminated which can lead to product decay, infection and irritation. Bacterial adulteration of products can cause problems on the skin, preservatives help prevent such problems, thereby fueling product demand.
Global synthetic cosmetic market size is poised to outdo USD 925 million by 2024. Rising alertness regarding damaging effects of UV rays on skin is likely to spur cosmetics preservative market. Growing demand for phenoxyethanol which has application in lotions and creams owing to its importance as gentle cosmetic preservatives is likely to boost product demand over the forecast period.
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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 Formaldehyde Releasers
o Phenol Derivatives
o Quaternary Ammonium Compounds
Cosmetic Preservatives Market, By Application
• Hair Care
• Skin Care
• Fragrances and Perfume
• Baby Products
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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.
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.
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