Press release
Global Cosmetic Chemicals Market Poised for Steady Growth Driven by Rising Demand for Personal Care Products
The global cosmetic chemicals market is expected to witness significant growth in the coming years, fueled by a burgeoning demand for personal care products across the globe. According to Reports and Data, the market size was estimated at USD 21.01 billion in 2020 and is projected to reach around USD 31.04 billion by 2028, reflecting a healthy Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period.Click To get SAMPLE PDF (Including Full TOC, Graphs & Charts, Table & Figures)@ https://www.reportsanddata.com/download-free-sample/3389
Market Overview
Cosmetic chemicals are the building blocks of various cosmetic and personal care products. These chemicals perform a multitude of functions, including enhancing product stability, improving texture and aesthetics, providing color, and extending shelf life. The market encompasses a wide range of ingredients such as surfactants, emulsifiers, emollients, rheology control agents, colorants, and preservatives.
Key Trends Shaping the Market
Rising Demand for Natural and Organic Cosmetics: Consumers are increasingly opting for natural and organic cosmetic products, driven by concerns about the safety and environmental impact of synthetic chemicals. This trend is expected to propel the demand for natural and organic cosmetic chemicals.
Growing Popularity of Clean Beauty Products: The clean beauty movement emphasizes the use of safe, non-toxic, and ethically sourced ingredients in cosmetics. This trend is fostering the development of innovative cosmetic chemicals that meet clean beauty standards.
Increasing Focus on Asia-Pacific Region: The Asia-Pacific region is expected to be the fastest-growing market for cosmetic chemicals due to factors such as rising disposable incomes, growing urbanization, and increasing awareness about personal care.
Drivers and Restraints
Drivers:
Growing demand for personal care products
Rising disposable incomes
Increasing urbanization
Technological advancements in the development of novel cosmetic chemicals
Growing awareness about personal hygiene and appearance
Restraints:
Stringent regulations governing the use of certain chemicals in cosmetics
Potential health concerns associated with some synthetic chemicals
Fluctuations in the prices of raw materials
Growth Opportunities
Development of multifunctional cosmetic chemicals
Rising demand for personalized cosmetic products
Increasing focus on sustainable and eco-friendly cosmetic chemicals
Growing popularity of e-commerce for the sale of cosmetic products
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Key Market Insights
The global cosmetic chemicals market has been segmented into surfactants, film formers, emollients & moisturizers, preservatives, colorants & pigments, emulsifying & thickening agents, and single-use additives. Emollients & moisturizers segment accounted for largest revenue share in the global market in 2020. This can be attributed to rising preference for soft and moisturized skin and growing demand for face cream, lotions, and lipsticks.
The global cosmetic chemicals market has been segmented into hair care, skin care, Oral Care, color cosmetics, and toiletries. Skin care segment accounted for largest revenue share in the global market in 2020. This can be attributed to rising demand for skin care cosmetics due to concerns regarding healthy skin.
The global cosmetic chemicals market has been segmented into moisturizing agent, cleansing agent, and coloring agent. Cleansing agent segment is expected to register a relatively faster revenue CAGR throughout the forecast period. This can be attributed to increasing demand for clearer skin and rising awareness about the adverse effect of dust on skin.
Asia Pacific market accounted for a 24.1% revenue share in the global market in 2020 and is expected to expand at a relatively faster CAGR than other regional markets over the forecast period. This can be attributed to increasing demand for anti-aging and sun protection cream and rising awareness about skin care treatments.
Prominent companies in the market include :
Dow, Bayer AG, Ashland Inc., Eastman Chemical Company, Akzo Nobel NV, BASF SE, Lanxess, P&G Chemicals, Solvay S.A., and Evonik Industries AG.
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Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision.
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