Press release
Functional Cosmetics Market Developments, Future Returns Worldwide and Top Key Players| Ashland Inc, Stepan Company, Clariant AG, Seppic SA, Lucas Meyer Cosmetics, Gattefosse
Functional Cosmetics Market by Functionality (Conditioning Agents, UV Filters, Anti-Aging Agents, Skin Lightening Agents), Application (Skin Care, and Hair Care), and Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2026.The functional cosmetics market is projected to reach USD 4.1 billion by 2026, at a CAGR of 5.2% from USD 3.2 billion in 2021.Get Free Sample Report in PDF Format @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5307967
The report provides a comprehensive analysis of company profiles listed below:
• Ashland Inc. (US)
• Stepan Company (US)
• BASF SE (Germany)
• Nouryon (Netherlands)
• Clariant AG (Germany)
• Ev0nik Industries AG (Germany)
• Gattefosse (France)
• Lucas Meyer Cosmetics (Canada)
• Sederma(France)
• Seppic SA (France)
• CP Kelco (US)
• Eastman Chemical Company (US)
• Emery Oleochemicals (Malaysia)
• Givaudan SA (Switzerland)
• Symrise AG (Germany)
• Sonneborn LLC (US)
• Vantage Specialty Chemicals (US)
• United-Guardian Inc. (US)
• Innospec Inc. (US)
• KAO Corporation (Japan)
• Momentive Performance Materials Inc. (US)
• ADEKA Corporation (Japan)
• DuPont (US)
• Koninklijke DSM N.V. (Netherlands)
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The rise in global warming and increase in temperature is affecting the skin epidermal layer. The harmful radiation from sun destroys the epidermal layer leading to water loss and dryness in skin, thus, destroying the cell and further causing pigmentation disorder, skin cancer, wrinkles, blemishes and sun burns among others. To protect the skin from such affects, people are getting more conscious to use a variety of products to treat their skin and avoid such situations of their skin getting damaged with the environmental effects.
The conditioning agents for skin can influence the homeostatic process of repair and growth by augmenting the skin's renewal mechanism. The conditioning agents used in hair have fairly no effect on growth and neither can help in the cellular repair. These agents can help in temporarily improving the cosmetic appearance of damaged hair which further needs to be reapplied as the removal occurs. The market for this segment is driven by the increasing population and rising per capita spending on cosmetics in Asia-Pacific and the Europe.
North America was the third-largest functional cosmetics market in 2020. The market in the region has a moderate-to-high growth rate owing to the maturity level of the industrial sector in the region. North America is a diversified market for petrochemicals due to the presence of many major chemical companies in the region. Intense competition among the major players in the market has led to price stabilization in the past few years.
Competitive Landscape of Functional Cosmetics Market:
9.1 Introduction
9.2 Strategies Adopted By Key Players
9.3 Market Share Analysis
9.3.1 Basf Se
9.3.2 Nouryon
9.3.3 Ev0nik Industries Ag
9.3.4 Clariant Ag
9.3.5 Ashland Inc.
9.4 Competitive Situation And Trends
9.4.1 Product Launches
9.4.2 Deals
9.4.3 Other Developments
Research Coverage:
This report segments the market for functional cosmetics on the basis offunctionality, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, expansions, and mergers & acquisitions associated with the market for functional cosmetics.
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