The cosmetic chemicals market, valued at USD 15.89 billion in 2022, is projected to reach USD 26.84 billion by 2032, demonstrating a robust compound annual growth rate (CAGR) of 5.4% throughout the forecast period. This growth is driven by increasing consumer demand for personal care products, rising awareness of skincare and beauty routines, and the continuous innovation in cosmetic formulations. Furthermore, the expansion of the beauty industry in emerging markets and the growing preference for natural and organic ingredients are also contributing significantly to the market’s upward trajectory.
Ingredients most commonly used in cosmetics are inclusive of preservatives, emulsifiers, moisturizers, thickeners, fragrances, and colors. They could be devised either naturally or synthetically. One could also derive synthetic chemicals from the natural products like bio- or petroleum-based ingredients. However, manufacturing process involved in synthesizing these chemicals is pretty complex. Moreover, as they are ‘derived’, they are categorized as synthetic. The natural products are inclusive of microbial, animal, mineral, and plant.
Elevance Renewable Sciences, Inc. is a manufacturer of specialty chemicals that develops as well as markets the emollients formulated by using the patented technology from various plant-based products for usage in cosmetics, skin lotions, and hair styling products.
Stay Competitive and Request Your Sample Report to Explore Market Opportunities! https://www.futuremarketinsights.com/reports/sample/rep-gb-322
Constructive disruption in cosmetic chemicals market is expected to take place through incorporation of technological advancements. On these grounds, Givaudan is making use of plant cell culture as well as phyto peptides technology for developing skin care products. Extensive research is being conducted by the key participants for developing sustainable products to address customers’ demands with growing inclination toward organic and natural cosmetic products.
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 the Cosmetic Chemicals Market
- North America holds more than 34% of the cosmetic chemicals 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.
Top Key Players in the Cosmetic Chemicals Market
- 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
Ready to Make an Informed Decision? Contact Sales Now! https://www.futuremarketinsights.com/checkout/322
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
