The global Cosmetic Chemicals Industry is worth US$ 15.89 Billion as of now and expected to reach US$ 26.84 Billion by the year 2032 at a CAGR of 5.4% between 2022 and 2032.
Cosmetic chemicals are substances used in the formulation of cosmetic and personal care products to enhance their appearance, stability, texture, fragrance, and overall performance. These chemicals play a crucial role in creating products that meet consumers’ desires for beauty, skincare, hair care, and personal hygiene.
The cosmetic industry has witnessed remarkable growth over the years, driven by evolving beauty trends, increasing consumer awareness, and a desire for personal grooming and self-expression. A pivotal component of the cosmetic industry’s success is the wide array of cosmetic chemicals that are integral to formulating products that enhance beauty, provide skincare benefits, and improve overall appearance.
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Moisturizers and emollients hold more than 30% of the market share. Emollients are known for softening the skin by prevention of water loss. The applications include skin moisturizers, body lotions, lipsticks, and face creams. They get sold at commercial level in both – synthetic and natural forms. Emollients broadly used include coconut oil beeswax, olive oil, lanolin, glycerine, petrolatum (petroleum jelly), zinc oxide, mineral oil, butyl stearate, and diglycol laureate.
Preservatives are added to cosmetics products during their formulations with the objective of extending shelf life and checking the proliferation of fungi and bacteria. The preservatives commonly used are inclusive of benzyl alcohol, parabens, formaldehyde, salicylic acid, and EDTA (tetrasodium ethylenediaminetetra-acetic acid). Players like COBIOSA do develop as well as distribute chemicals pertaining to skin care formulations. These chemicals are developed from botanicals inclusive of camelina, polyphenols, collagen, algae, and insects as well. Future Market Insights has walked through these findings with future perspectives in its latest market study entitled ‘Cosmetic Chemicals Market’. It has its line of expertise in the form of analysts and consultants to do the things.
Key Takeaways from Cosmetic Chemicals Market
- North America holds more than 34% of the market share. This could be credited to cosmetic chemicals being increasingly used to manufacture organic personal care products.
- Europe holds a significant market share in the cosmetic chemicals market. This could be credited to growing demand for the cosmetic products that are formulated through natural ingredients.
- The Asia-Pacific is expected to grow at the fastest rate in the cosmetic chemicals market due to countries like China and India being subject to rising buying power.
Competitive Chemicals
- Knowlton Development Corporation, in February 2020, announced that it had completed acquisition of Shanghai Paristy Daily Chemicals.
- Knowlton Development Corporation (KDC/ONE), in December 2019, entered into partnership with HCT Group for creating end-to-end solutions provider for catering to personal care & beauty vertical. The latter is a leader at the global level with respect to provision of full-service solutions of the cosmetic products related to production, filling, design, formulation, and logistics.
- Companies do take part in several events as well as exhibitions for promoting the product portfolio and improvising on customer base. On these grounds, Solvay (a multi-specialty chemical company) had attended ‘In-Cosmetics London 2017’ for showcasing company’s formulations related to hair, skin, and body care.
“Growing demand for cosmetic products, that too, formulated with various natural ingredients is expected to drive the cosmetic chemicals market”, says an analyst from Future Market Insights.
The key companies profiled include Akzo Nobel NV, Ashland Incorporated, Active Organics, BASF SE, Berkshire Hathaway Incorporated, Bayer AG, Clariant International Limited, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, Emery Oleochemicals Group, FMC Corporation, Novecare, Integrated Botanical Technologies, Pilot Chemical Company, Procter & Gamble Company, Solvay SA and United-Guardian Incorporated among others.
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Key Segments Profiled in the Cosmetic Chemicals Industry Survey
Product:
- Cosmetic Surfactants
- Cosmetic Polymer Ingredients
- Cosmetic Colorants
- Cosmetic Preservatives
Application:
- Cosmetic Chemicals for Skin Care
- Cosmetic Chemicals for Hair Care
- Cosmetic Chemicals for Make-Up Applications
- Cosmetic Chemicals for Oral Care
- Cosmetic Chemicals for Fragrances
- Cosmetic Chemicals for Other Applications
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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