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Cosmetics Preservative Market is propelled by rising investment in skin care application | Key Players are BASF, Clariant, Symrise Ag, Ashland, Lonza, The Dow Chemical Company

Cosmetics Preservative Market

Cosmetics Preservative Market

Global cosmetic preservatives market size from skin care application is estimated to reach 25 kilo tons by 2024. It has wide usage in formation of face masks, sunscreens, scrubs and lotions. Water based skin care formulation are prone to bacterial, yeast and mold formation deteriorating product quality, phase inversion. Preservatives provide broad spectrum alternative to minimize growth of these microbes and maintain product quality over longer span of time, thereby driving product demand.

New product formulations and demand for organic & herbal preservatives in cosmetics products is projected to drive regional market over forecast timeframe. Rising economic standards along with mounting consciousness about personal hygiene & grooming are likely to boost cosmetics product market growth which may in turn will augment global cosmetic preservatives market size.

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China cosmetics preservative market from phenol derivatives is projected to surpass USD 10 million by 2024. They are used in beauty products owing to their effectiveness against numerous microbe. Phenoxyethanol phenol derivatives is a glycol ether, which is used as preservatives and is an alternative to parabens, which is anticipated to stimulate product demand. Growing demand for phenol derivative as a stabilizing agent in creams, shampoos, perfumes and ointments is projected to further drive the overall cosmetics preservative market growth.

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.

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.

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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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