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What's Driving The Cosmetic Pigments Market Growth? | Sun Chemicals, Kobo Products, BASF, Sudarshan Chemical, Sensient Cosmetic, Geotech, Huntsman, and Merck
Cosmetic Pigments Market
Cosmetic pigments offer both high sparkle and matte look. Its range comprises of several assortments including white pigments, natural looking, metallic shades, and shiny. The product helps to heighten visual appeal of formulations thus, are added to several cosmetic products including lipsticks and eye makeup. Growing fashion and entertainment industry will boost cosmetics demand which will have a positive impact on cosmetic pigments market growth.
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Organic cosmetic pigments are made up of carbon molecules and are used in superficial colour segments including toners, primers, micas, and lakes colours. Lakes colours are manufactured through precipitating metallic salt with soluble dye. The product is highly stable and versatile. Organic pigments are of high quality, certified and brighter than synthetic pigments. They are widely used in lip care products, nail paints, and facial make-ups escalating the cosmetic pigments market size.
Global cosmetic market is likely to grow at 5.5% by 2025. Skincare, healthcare, make-up, perfumes, toiletries, haircare, facecare, and oral care cosmetics make up for the major product portfolio in the skincare market. Skincare is the leading segment, accounting for 35% market share in the personal care industry. Skincare products have been predicted to be the most lucrative product category, which would drive cosmetic pigments market revenue.
Cosmetic pigments are extensively utilized for manufacturing facial makeup products. Facial makeup products include blushers, foundation, cream & powders, pressed & mineral powders and face bronzing lotions. Titanium dioxide is utilized in foundations, powders and blushers to brighten the colours. Increasing demand of skin care products for enhancing natural skin tone will fortify cosmetic pigments market value.
Europe led by Italy, Spain, UK, France, and Germany cosmetic pigments market size may witness significance growth over the time owing to its developed cosmetic and personal care manufacturing base. Rising organic cosmetic pigments demand in numerous applications including hair colour, lip care products, and nail paints would fortify market size. Increasing exports and R & D activities to manufacture safe cosmetic products will foster cosmetic pigment demand.
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Asia Pacific driven by Japan, South Korea, India, and China is expected to witness significant gains in the estimated timeframe. China is a fast-growing market owing to upgradation in technology, easily available raw material, and low-cost investments options. Increasing expenditure on personal care will boost cosmetics demand which will enhance cosmetic pigments market share.
North America led by Mexico, Canada and U.S. may witness substantial gains in the forecasted time period. The product is used for imparting colours in cosmetics. Increasing number of manufacturers in the region including L’Oréal and Revlon will fortify cosmetics pigments demand for manufacturing lipsticks. These factors will increase cosmetic pigments market growth.
Cosmetic pigments market share is highly fragmented due to the presence of key industry players including Sun Chemicals, Kobo Products, BASF, Sudarshan Chemical, Sensient Cosmetic, Geotech, Huntsman, and Merck Performance. Manufactures are concentrating on developing new products and revolutionizing on the use of different components in cosmetic products to hold their existing customer base and to increase their market share. Leading manufactures are adopting various strategies to sustain the changing market dynamics.
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