Press release
Cosmetic Chemicals Demand Projection Predicts A CAGR Of 6% By 2032
The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Cosmetic Chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.
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Infrastructure Expansion in the U.S. is Fueling Demand for Cosmetic Chemicals
The organic chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.
However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the organic chemical industry are gearing up to retain the industry's post-pandemic status.
Rising demand for organic dispersants from the construction and oil & gas industry is driving the organic chemical industry in the U.S. Organic dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.
Increasing housing infrastructure projects are propelling organic dispersant sales, thus augmenting the growth of the organic chemical industry. The presence of leading players in the country is also driving sales and export in the organic chemical industry.
U.K is Capitalizing on Organic Binders for Sustainable Construction Activities
The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the organic chemical industry.
In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the organic chemical industry are striving to achieve the pre-pandemic status by opting for various organic and inorganic growth strategies.
In the U.K, the growth of the Cosmetic Chemicals industry can be attributed to the surging demand for organic binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by organic binders are key factors leading the sales and demand.
Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for organic binders, thus creating lucrative opportunities for several players operating in the organic chemical industry in the upcoming decade.
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Key Segments Covered in the Cosmetic Chemicals Industry Report
Cosmetic Chemicals by Application :
Cosmetic Chemicals for Perfumes & Fragrances
Cosmetic Chemicals for Hair care & Skincare
Color Cosmetic Chemicals
Cosmetic Chemicals for Other Applications
Cosmetic Chemicals by Type :
Cosmetic Chemical Emollients, Film Formers & Moisturizers
Cosmetic Chemical Surfactants
Single Use Cosmetic Chemical Additives
Cosmetic Chemical Carriers, Powders & Colorants
Cosmetic Chemical Thickening Agents
Other Cosmetic Chemical Types
Cosmetic Chemicals by Region :
North America Cosmetic Chemicals Market
Europe Cosmetic Chemicals Market
East Asia Cosmetic Chemicals Market
South Asia Cosmetic Chemicals Market
Oceania Cosmetic Chemicals Market
Latin America Cosmetic Chemicals Market
Middle East & Africa Cosmetic Chemicals Market
China is Incorporating Organic Pigments in Textiles and Visual Arts
The global hub for the organic chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.
China is a lucrative ground for the Cosmetic Chemicals industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for organic pigments is also gaining immense traction in China.
Organic pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of organic pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Cosmetic Chemicals industry.
Additionally, the wide range of unique shades available in organic pigments makes them a preferred choice for visual arts as well. The consumption of organic pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for organic pigments and creating lucrative opportunities for players operating in the Cosmetic Chemicals industry.
India Will Showcase High Demand for Speciality Cosmetic Chemicals
India is emerging as a lucrative market for the organic chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.
The Cosmetic Chemicals industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.
Leading players operating in the Cosmetic Chemicals industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.
The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Cosmetic Chemicals and will continue augmenting the growth of the organic chemical industry.
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Competitive Landscape
Prominent participants in the cosmetic chemicals industry place a strong emphasis on creating innovative product offers, particularly skincare products derived from organic and inorganic components. They also engage in mergers and acquisitions and collaborations while obtaining regulatory permissions.
Dow Inc. unveiled its new Virtual Experience Center (VEC) in April 2021, an immersive 3D platform that allows beauty companies to increase their offers by allowing visitors to explore significant advancements and marketing trends.
BASF SE's Care Creations® will offer Neutrol® MGDA, a highly stable and environmentally friendly complexing agent, for personal care applications in November 2020. It is biodegradable and has an excellent ecological and toxicological profile.
Key Long-Term Trends
The global Cosmetic Chemicals industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Cosmetic Chemicals industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:
Chemoinformatic
The Cosmetic Chemicals industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into organic chemical products.
For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html
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