Cosmetic Pigments Market Size Forecast to Reach $938.06 Million by 2025

Cosmetic Pigments Market size is forecast to reach $938.06 million by 2025, after growing at a CAGR of 6.58% during 2020-2025. Cosmetics composition comprises pigments and antiperspirants that offer both high sparkle and matte look. Cosmetic pigments range comprises of several assortments including natural looking, white pigments, 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.

Full Report Link @ https://www.industryarc.com/Research/Cosmetic-Pigments-Market-Research-500039

By Type - Segment Analysis

Special effect pigments segment held a significant share in cosmetic pigments market in 2019. The increasing demand for special effect pigments in cosmetic products such as lip products and eye shadows is expected to drive the market for this type of pigments during the forecast period. These pigments also help in enhancing the skin tone. Special effect pigments provide cosmetics products with glow and texture improvement benefits. Pearlescent pigments are special effect pigments that are widely used in the cosmetic industry to add luster, sparkle, impart color or color -travel effects, and provide coverage. Pearlescent pigments are titanium dioxide and mica-based powders and concentrates that create effects in your products from a subtle shimmer to a sparkling diamond.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=500039
Report Price: $ 4500 (Single User License)

By Composition - Segment Analysis

Inorganic pigments segment held a significant share in cosmetic pigments market in 2019. Inorganic cosmetic pigments are developed using zinc oxide, titanium dioxide, iron oxide, and chromium oxide. Zinc dioxide helps in manufacturing of white colour cosmetic products including lip balms, nail paints. Titanium dioxide is added to sunscreen cream formulations. Chromium dioxide is used for developing green coloured cosmetics. Iron oxide is added to attain shades of red, yellow, and black. Ferric ferrocyanide is used for producing dark blue coloured eye shadows. Manganese violet is added in hair care products. Inorganic pigments consist of opaque white pigments, which are used to provide opacity and to lighten other colors. These pigments are less intense in color than organic pigments.

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. Organic cosmetic pigments are expected to experience high growth rate, led by the increase in awareness about the benefits of using organic products.

By Application - Segment Analysis

Facial makeup segment held a significant share in cosmetic pigments market in 2019 growing at a CAGR of 6.57% during the forecast period. Facial makeup consists of products such as foundation, blushers, face bronzing lotions, creams, powders, loose & pressed powders, and mineral powders. Foundations are skin-colored cosmetic products that are applied to the face for an even skin tone. Increasing demand for root makeup products such as foundations and face powders is expected to drive the market in this application. The coverage pigments in facial makeup products are titanium dioxide, zinc oxide, and kaolin. These give a white color, which scatters light and enhances the skin’s natural color. These ingredients have an added advantage of being UV-protectant. Thus, cosmetic pigments are used in facial makeup applications such as foundations, blushers, and powders, where titanium dioxide is used to add brighter colors.

Geography- Segment Analysis

Europe dominated the cosmetic pigments market with a share of more than 39%, followed by North America and Asia Pacific. The cosmetics & personal care industry in Europe produces high-quality products using advanced technology such as surface treatment and pigment dispersion. The demand for high-quality cosmetic and personal care products is driving the cosmetic pigments market in this region. Increase in disposable income of consumers in Europe and North America is projected to boost the cosmetic pigments market in these regions. Developing economies in Asia Pacific, namely China and India, are also projected to register high growth rate in the cosmetic pigments market due to the increase in income of consumers and changing lifestyle.

However, due to recent outbreak of coronavirus the first-quarter sales of cosmetics industry have been weak, and there have been widespread store closures. In China, the industry’s February sales fell up to 80 percent compared with 2019. In March, the year-on-year decline was 20 percent—a rapid rebound under the circumstances. Some beauty-product brands and retailers with inventory and shipment operations ready to scale up are reporting e-commerce sales twice as high as their pre-COVID-19 levels.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=500039

Drivers – Cosmetic Pigments Market

Increasing demand for cosmetic pigments in cosmetic and personal care products

Cosmetic pigments possess characteristics such as bright and brilliant luster, shimmer, and shine. These pigments are colored, colorless, or fluorescent particulates. They can be organic or inorganic finely powdered solids. They are usually insoluble and are also chemically unaffected by the medium in which they are incorporated. They are used in a wide range of applications such as facial makeup, lip products, eye makeup, and nail products. The use of cosmetic pigments, especially pearlescent pigments, in facial makeup helps cover blemishes and uneven skin tone. The demand for cosmetic products that match the natural skin tone of the consumer is rising with increasing product differentiation in the cosmetics & personal care industry. This rapid increase in the demand for cosmetic and beauty products is fueling the use of cosmetic pigments.

Challenges – Cosmetic Pigments Market

Stringent regulations pertaining to use of certain pigments

Cosmetic pigments manufacturers are required to follow stringent regulations regarding cosmetics products. There are different regulations regarding the specification of labeling, packaging, and the ingredients that are used in the manufacturing of the products. These regulations are especially stringent in Europe and North America. Other regions of the world are following the same trend due to the increasing health and environmental awareness. The US Food and Drug Administration (FDA) has imposed regulations on color additives and pigments used in cosmetic applications. The European Union (EU) imposes regulations on pigments or dyes that are hazardous to health. The EU has restricted the use of cadmium pigments and lead (Pb) along with its compounds due to the environmental risks associated with their use. These regulations are restricting the production of cosmetic pigments and, thereby, affect the prices of these pigments significantly.

Owing to the strict regulations regarding the manufacturing of cosmetic pigments, the supply of these pigments is moderate. In addition, the approval process is time-consuming. All these factors restrain the growth of the cosmetic pigments market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the cosmetic pigments market. In 2019, the market of cosmetic pigments has been consolidated by the top five players accounting for xx% of the share. Major players in the cosmetic pigments market are Sun Chemical, Sensient Cosmetic Technologies, Merck, BASF, ECKART, Sudarshan, Kobo Products, Clariant and Geotech, among others.

Partnership/Product Launch

In June 2019, BASF and siHealth Ltd (UK) announced a strategic alliance, to exclusively market scientifically-based satellite and optronic technologies to the personal care industry globally. This partnership is expected to extend BASF’s offerings, enabling new solutions to the personal care industry.

In February 2019, Sun Chemical introduced its new SpectraFlex illusion pigments for soft-focus effects. SpectraFlex Illusion soft-focus effect pigments are used in daily wear makeup primers to help optically blur fine lines and other imperfections. This launch helped the company in strengthening its product offering for personal care applications, such as face powders, body powders, foundation, and other skincare applications.

In January 2019, BASF and B2B Cosmetics (France) announced an exclusive, long-term strategic partnership in the field of personalized personal care products. B2B Cosmetics will contribute a unique personalization system, marketed under the name Emuage technology, which will help BASF in bringing unique expertise in personal care solutions. The Emuage technology allows users to create their own individualized personal care products by simply choosing capsules, placing them into the machine, and receiving the final product. This partnership helped the company in offering this inventive technology to the market.

Key Takeaways

Europe formed the largest market for cosmetics pigment market as a result of its social awareness regarding the usage of cosmetics across different strata of society.

Facial make-up application segment formed the largest market owing to its global usage to enhance facial features creams and powders further having a positive impact.

Organic pigments made from carbon molecules formed the largest segment on the basis of elemental composition in cosmetics pigment market.

Related Reports :

A. Cosmetic Packaging Market
https://www.industryarc.com/Report/15263/cosmetic-packaging-market.html

B. Cosmetic Ingredients Market
https://www.industryarc.com/Report/15887/cosmetic-ingredients-market.html

For more Chemicals and Materials Market reports @ https://www.industryarc.com/Domain/4/chemicals-materials-market-research.html

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

This release was published on openPR.