Press release
The Growing Demand and Future Prospects of the Mattifiers Market: Global Analysis and Forecast
The world's largest business is personal care and cosmetics, and mattifiers are an important component of many personal care products, allowing them to aid in oil absorption, keep the skin looking oil-free, and reduce the visibility of pores. They can be found in cosmetics, skin care, and hair care products. Over the last few decades, rising demand for environmentally friendly products has fueled the development of bio-based materials. Bio-based mattifiers are becoming increasingly popular around the world due to their durability and versatility.
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Key Takeaways from Market Study
The global mattifiers market is projected to grow 1.5X and reach US$ 581 million by 2033.
The market witnessed 3.1% CAGR between 2018 and 2022.
Under product type, synthetic mattifiers dominate the market with a share of 54.7% in 2023.
North America leads the global market with 24.8% share in 2023.
Demand for mattifiers is expected to increase at a CAGR of 4.7% in North America.
Segmentation of Mattifiers Industry Research
By Product Type:
Synthetic
Natural
By Particle Size:
< 25 µm
< 50 µm
By Form:
Powder
Gel
By Application:
Skin Care
Hair Care
Oral care
Cosmetics
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia and Oceania
Middle East & Africa
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Market Development
The future strategy for market participants in the mattifiers market should be to focus on the growing demand for natural mattifiers that are eco-friendly and bio-based.
In July 2022, BASF launched the "Verdessence RiceTouch" ingredient, which is derived from rice. It has the ability to absorb oils, which makes the agent ideal for controlling shine and giving a mattifying effect to the skin. It is a 100% bio-based mattifier and provides a natural alternative to synthetic mattifiers in personal care product formulations.
Key Companies Profiled
BASF SE
Imerys
Dow
DAITO KASEI KOGYO CO., LTD.
Evonik
Forecast Chemicals
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