The global cosmetic chemicals market size is expected to reach USD 29.2 billion by 2027, expanding at a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Rapid urbanization coupled with rising percentage of working class women has augmented the demand for cosmetic products thereby driving the consumption of cosmetic chemicals across the globe.
Key
ingredients used in cosmetic formulations include surfactants, emollients,
colorants preservatives, and emulsifiers. A diverse range of surfactants are
used as foaming and emulsifying agents in several cosmetic and personal care
products, each one imparting unique performance properties.
Preservatives
constitute an important part of cosmetic products formulations as they help to
increase the shelf life of the product by preventing the growth of micro
organisms such as bacteria and fungi which can be hazardous to human skin on
application. Parabens in the form of active ingredients are widely
in cosmetic and body care products, which act as preservatives.
Antimicrobial
properties of parabens are most effective against fungi and gram positive
bacteria. Cosmetics typically contain mixtures of different types of parabens.
Methyl, ethyl, propyl, isopropyl, butyl and isobutyl are some of the most
commonly used parabens in cosmetic formulations.
Skincare
is expected to grow at a faster rate as compared to other end use segments for
cosmetic chemicals. Growing desire for health-promoting and self-care products,
increasing interest in the power of regimens and routines is driving the skin
care product consumption, which, in turn, is anticipated to drive the market
over the forecast period.
Changing
consumer preference towards natural products has propelled the cosmetics and
personal care manufactures to focus on the inclusion of natural ingredients in
the formulations. Key cosmetic formulations operating in the market such as
L'Oréal,Unilever,andEstée Lauder invest heavily in R&D activities and are
focused on product innovation. These players are now focused on developing
products of natural origin due to augmented consumer demand. This is expected
to drive the consumption of naturally derived chemicals for cosmetic product
formulations over the forecast period.
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Cosmetic Chemicals
Market Report Highlights
- In terms of
revenue, Asia Pacific emerged as the fastest growing region in for the
market across the globe
- Skin care
with a market share of approximately 35.0% by volume in 2019 emerged as a
prominent application segment
- Asian
countries particularly India and China are likely to witness a remarkable
growth over the forecast period
- The industry
is fragmented and competitive in nature, with presence of major global
players such as, Dow; Evonik Industries AG; Givaudan; Solvay S.A.; and
Cargill Incorporated.
- Growing
demand for natural, innovative, and sustainable products is expected to
drive the product consumption in cosmetics and personal care
products.
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Cosmetic Chemicals
Market Segmentation
Grand View Research has
segmented the global cosmetic chemicals market on the basis of product type,
application, and region:
Product Type
Outlook (Revenue, USD Million, 2016 - 2027)
- Surfactants
- Anionic
- Cationic
- Non-ionic
- Amphoteric
- Emollients & Moisturizers
- Amino Acids & Polypeptides
- Esters & Fatty Acids
- Hydrocarbons
- Lanolin & derivatives
- Polyol Sweeteners
- Silicones
- Triglycerides
- Others
- Film-Formers
- Colorants & Pigments
- Inorganic
- Organic
- Preservatives
- Parabens
- Esters
- Formaldehyde Donors
- Phenol Derivatives
- Alcohols
- Quaternary Compounds
- Organic Acids
- Emulsifying & Thickening Agents
- Cellulose ethers
- Hydrocolloids
- Polyacrylates
- Silicas and silicates
- Others
- Single-Use Additives
- Conditioning polymers
- Antidandruff agents
- Antiperspirants and deodorants
- UV ingredients
- Anti-Ageing Ingredients
- Others
Application
Outlook (Revenue, USD Million, 2016 - 2027)
- Skin Care
- Hair Care
- Makeup
- Oral Care
- Fragrances
- Others
Regional Outlook
(Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key
Players of Cosmetic Chemicals Market
- Dow
- Givaudan
- Ashland Inc.
- Eastman Chemical Company
- Lonza Group
- BASF SE
- Lanxess
- P&G Chemicals
- Solvay S.A.
- Evonik Industries AG
- Bayer AG.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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