Cosmetics Preservative Market to gain traction by 2024, Top Key Players are Ashland, Lonza, Akema S.r.l., Dow, BASF
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Surging demand for natural preservatives will positively influence global cosmetics preservative market size owing to widespread awareness regarding health and personal hygiene. An increase in the number of working women globally due to the rise in industrialization and the establishment of MNCs along with growing demand for functional products will support the business growth over the years. Preservatives in cosmetic and personal care items help in improving the facial appearance along with preventing contamination and growth of toxic bacteria in products such as sunscreens, shampoos, makeup, and cleansers.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
3. Akema S.r.l.
7. Clariant AG
8. Sharon Laboratories
9. Symrise Ag
11. Thor Group Ltd.
12. Dadia Chemical Industries
13. Gujarat Organics Limited
The United States is estimated to have the world's largest cosmetics industry, though numerous other geographies, especially the economies in developed countries are now catching up with the likes of the U.S. One of the principal reasons for emerging economies to attain a substantial share of cosmetics preservative market is the rising disposable incomes of consumers across these regions.
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In terms of application, the global cosmetics preservative market is segmented into toiletries, skincare, fragrance and perfumes, baby products and hair care. The skincare application segment is estimated to cross more than 25-kilo tons of consumption by the end of 2024. The preservative is extensively used in the formation of sunscreens, scrubs, face masks and lotions. The use of preservatives in skin care products is important to prevent damage caused by microorganisms and protect the product from contamination during its use. Additionally, preservatives may also be added in order to protect the product from degradation caused by exposure to oxygen.
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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Top key players are 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., Dadia Chemical Industries, and Gujarat Organics Limited.
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