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Cosmetic Pigments Market Size, Share, Industry, Forecast and outlook (2023-2030)
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Market Dynamics
The market is driven by the rising demand for cosmetic pigments for the usage in producing personal care products including lip colors, nail paints, nail extensions, hair coloring agents, lipliners, and eyeliners as the cosmetic pigment provide the high sparkle and matte look to these products. The cosmetic pigments are useful for adding visual appeal to the formulations. These are widely used for manufacturing facial makeup products including the blushers, foundation, cream & powders, pressed & mineral powders, and face bronzing lotions
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Segment Analysis
The global cosmetic pigments market is segmented based on the elemental composition as organic pigments, and inorganic pigments. The inorganic pigments segment is expected to have the highest market growth and is expected to grow at the highest CAGR over the forecasted period. The inorganic pigments are comprised of metal compounds and opaque white pigments. The metal compounds include zinc oxide, titanium dioxide, iron oxide, chromium oxide, and other compounds. Titanium dioxide is widely used in sunscreen cream formulations. Iron oxide is added to the cosmetics for the red, yellow, and black shades. Chromium dioxide is used for developing green-colored cosmetics. The opaque white pigments provide opacity and lighten other colors.
Competitive Landscape
The global cosmetic pigments market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Sun Chemical, Merck, Basf, Eckart, Kobo Products, Clariant, Geotech, and Venator are the leading market players with significant market share. The major players are using product development, novel product launches, market expansion, and product diversification strategies for holding their position in the market.
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