Global Cosmetic Chemicals Market 2024 Mega Trends, Industry Growth, Future Outlook And Forecast To 2033 | Major Players Are Dow Chemical Company, Givaudan SA, Ashland Global Holdings Inc., Eastman Chemical Company, Lonza Group Limited.

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Cosmetic Chemicals Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The cosmetic chemicals market size has grown strongly in recent years. It will grow from $19.01 billion in 2023 to $20.2 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to consumer demand for beauty products, changing beauty standards, globalization and urbanization, marketing and branding strategies, regulatory changes and safety standards.

The cosmetic chemicals market size is expected to see strong growth in the next few years. It will grow to $25.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing emphasis on natural and organic products, health and wellness trends, global economic and demographic changes, regulatory compliance and safety standards. Major trends in the forecast period include rise of clean beauty, customization and personalization, focus on health and wellness, sustainable packaging and practices, inclusivity and diversity..

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Key Market Players:
Major companies operating in the cosmetic chemicals market report are Dow Chemical Company, Givaudan SA, Ashland Global Holdings Inc., Eastman Chemical Company, Lonza Group Limited, BASF SE, Lanxess AG, P&G Chemicals, Solvay SA, Evonik Industries AG, Bayer AG, Croda International plc, Stephan Company, Symrise AG, Cargill Inc., Lubrizol Corporation, Cobiosa, Genomatica Inc., Pharmacos, Wacker Chemie AG, Synthomer plc, Celanese Corporation, Arkema Inc., ARLANXEO Holding BV, Apcotex Industries Limited, Asahi Kasei Corporation, KCC Corporation, Bluestar Silicones USA Corp., Clariant AG, Huntsman Corporation, Momentive Performance Materials Inc., Nippon Shokubai Co. Ltd., OMNOVA Solutions Inc., Shin-Etsu Chemical Co. Ltd.

Market Drivers:
The increasing popularity of hair and skin care products is expected to propel the growth of the cosmetic chemicals market going forward. A skin care product means a cosmetic preparation, which may be antiseptics, tonics, lotions, creams, or otherwise, massaging, cleansing, stimulating, manipulating, performing non-invasive hair removal, beautifying, or similar work on the body of any person. Hair and skin care products are items created to beautify, protect, and change the appearance of bodies' external features. Cosmetic chemical is a major ingredient used in the hair and skin care products. For instance, according to Zippia Inc., a US-based company that provides online recruitment services, in 2021, Skincare products makeup over 42% of the worldwide cosmetics market, and Just under half of the worldwide cosmetics market is made up of the sale of various skincare products. Products for hair care make up around 24% of the global market, just behind skincare. Therefore, the increasing popularity of hair and skin care products will continue to drive the growth of the cosmetic chemicals market.

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The cosmetic chemicals market covered in this report is segmented -
1) By Product Type: Surfactants, Emollients and Moisturizers, Colorants and Pigments, Preservatives, Emulsifying and Thickening Agents
2) By Application: Perfumes and Fragrances, Hair Care and Skincare, Color Cosmetic Chemicals, Other Applications

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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