Press release
Europe cosmetic preservatives market to grow significantly over 2020-2026 | Top Players are Ashland, BASF, Clariant, DOW, Lonza, Akema, Symrise, Thor Group, Evonik
Cosmetic Preservatives Market
Global Cosmetic preservatives market size is anticipated to expand at an appreciable growth rate owing to the rising demand for natural beauty and skincare products. Cosmetic preservatives consist of various key ingredients that help extend the shelf life and prevent the growth of microorganisms such as fungi and bacteria, which could potentially harm the users and spoil the products. Likewise, the preservatives in cosmetics are used to avoid product contamination during various applications including shipment, consumer use, formulation, and storage.
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Various substances present in these cosmetic products, including water, oil, peptides, and carbohydrates, also increase the susceptibility of the product to the onset and growth of microbes.
Rapid adoption of enhanced cosmetic products is being witnessed in the personal care industry.
In fact, studies suggest that women spend over $3,000 annually on cosmetics, in the US alone. These figures, in addition to mounting implementation of preservatives to prevent different types of skin infection caused by damaged products is expected to propel the cosmetic preservatives market outlook over the estimated timeline.
In terms of segmentation by product, the global cosmetic preservatives market is categorized into natural/organic preservatives & synthetic preservatives. The synthetic preservatives segment is further sub-divided into parabens, formaldehyde releases, phenol derivatives, quaternary ammonium compounds (QAC), alcohols, and others.
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Increasing technical advancements in safety testing coupled with rising R&D expenditure for the development of innovative raw materials for cosmetics is likely to boost market size in the region. In 2017, major producer of cosmetic preservatives, Lonza introduced the Geogard line of solutions made up of a variety of natural, non-GMO ingredients that act as alternatives to traditional chemicals in order to provide effective product protection.
Growth Drivers:
North America: Growth of beauty products & functional cosmetics (anti-aging, brightening, sunscreen
Europe: Increasing exports and Rise in organic ingredients demand due to strict EU regulations regarding limiting synthetic chemical usage
Asia Pacific: Increased awareness regarding beauty products along with growing demand for men grooming products
Top key players profiled in the cosmetic preservatives market are Ashland, BASF, Clariant, DOW, Lonza, Akema Fine Chemicals, Chemipol, Sharon Laboratories, Symrise, Salicylates and Chemicals, Thor Group, Dadia Chemical, Gujarat Organics, Evonik and Isca UK Ltd.
Browse More News:
https://www.globenewswire.com/news-release/2017/06/28/1029863/0/en/Personal-Care-Ingredients-Market-will-surpass-12bn-by-2024-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2020/04/15/2016393/0/en/Latin-America-Cosmetic-Preservatives-Market-to-surpass-a-valuation-of-130-million-by-2026-says-Global-Market-Insights-Inc.html
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Global Market Insights, Inc.
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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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