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Nanomaterials In Cosmetic And Personal Care Market Size, Share, Trends Analysis, And Forecast To 2033
Nanomaterials In Cosmetic And Personal Care Market Size
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According to The Business Research Company's, The nanomaterials in cosmetic and personal care market size has grown rapidly in recent years. It will grow from $2.14 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to enhanced product performance, innovations in drug delivery systems, consumer demand for high-quality products, regulatory and safety developments, and advancements in nanotechnology research.
The nanomaterials in cosmetic and personal care market size is expected to see rapid growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to advancements in nanotechnology, consumer demand for high-performance products, rising awareness of skin health, growing trend of personalized beauty products, and regulatory developments and safety standards. Major trends in the forecast period include enhanced delivery systems, sunscreens and UV protection, anti-aging products, eco-friendly and sustainable nanomaterials, and improved product stability.
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Market Drivers and Trends:
The increasing focus on gene therapy is expected to propel the growth of the in-vitro transcription templates market. Gene therapy involves modifying genes within cells to treat or prevent diseases by correcting defective genes. Advances in technologies such as CRISPR, significant investment, and recent treatment successes have increased focus on this approach. In-vitro transcription templates help in gene therapy by providing the RNA molecules necessary for mRNA-based therapies, siRNA-based therapies, and gene editing technologies, enabling the treatment of genetic disorders and diseases. For instance, in March 2024, the Food and Drug Administration (FDA), a US-based federal agency of the Department of Health and Human Services, estimated that 36 gene therapies were approved by the FDA, with an additional 500 in the pipeline and the expectation that 10-20 will be approved annually by 2025. Therefore, the increasing focus on gene therapy is driving the growth of the in-vitro transcription templates market.
Major companies operating in the nanomaterials in cosmetic and personal care markets are focusing on developing innovative sunscreen ingredients, such as titanium dioxide, to enhance UV protection and meet increasing consumer demand for effective and aesthetically pleasing sun protection solutions. Titanium dioxide serves as an opacifying agent in cosmetics, helping to create a matte appearance and minimize the visibility of skin imperfections such as fine lines, wrinkles, and blemishes. For instance, in December 2023, Croda International plc, a UK-based specialty chemicals company, introduced a range of cutting-edge sunscreen ingredients that provide maximum UV protection while offering a cosmetically elegant experience for users. Solaveil CT-60W is a titanium dioxide (TiO2) water-based dispersion designed to achieve high SPF levels without the usual whitening effect of TiO2. This formulation utilizes advanced technologies to provide strong UV protection while remaining transparent on the skin.
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Major Key Players of the Market:
Johnson & Johnson, Christian Dior SE, Procter & Gamble Company, L'Oréal S.A., Chanel Inc., Shiseido Company, Limited, Croda International plc, Lancôme, Nippon Fine Chemical Co. Ltd., Creative Biostructure, Lucas Meyer Cosmetics Canada Inc., Nikko Chemicals Co. Ltd., Anna Pegova, Dermazone Solutions Inc., Lipoid Kosmetik AG, Zelens, Nanovec, Lipotec S.A., Lipomize SRL, BioSpectrum Inc., CD Bioparticles, kyowa pharma chemical co. ltd., Phenbiox Srl
Nanomaterials In Cosmetic And Personal Care Market 2024 Key Insights:
• The nanomaterials in cosmetic and personal care market size is expected to see rapid growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%.
• Aging Population Propelled Growth Of Nanomaterials In Cosmetic And Personal Care Market
• Development Of Innovative Titanium Dioxide-Based Sunscreen Ingredients For Enhanced UV Protection
• North America was the largest region in the nanomaterials in cosmetic and personal care market in 2023
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