Global cosmetic chemicals market was worth USD 19.9 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 4.8%) between 2020 and 2027. Organic grade cosmetic chemicals are in high demand due to rising demand for natural cosmetics and consumer willingness to pay more for premium products.
Preservatives and thickeners are some of the most commonly used ingredients in cosmetics. They can be made synthetically or natural. You can also make synthetic chemicals from petroleum and bio-based ingredients. These chemicals, however, are made using complex production processes and derived catalysts and reagents . They are therefore called synthetic. Natural products can be plant, animal, or microbial.
Continuous research and development activities are key to the industry's success. The market players want sustainable formulations that are made with natural ingredients and free from artificial additives. Elevance Renewable Sciences, Inc., is a specialty chemical manufacturer that develops and markets emollients using its patent technology from plant-based products. These products can be used in skin lotions, cosmetics, or hair styling products.
In the future, technological advancements in cosmetic ingredient manufacturing are expected to cause a disruption to the cosmetic chemicals market. Givaudan, for example, uses plant cell culture and phytopeptides technology in order to create skin products. The market for cosmetic chemicals will be driven by the industry's ongoing R&D activities to create sustainable products that satisfy consumer demand.
In 2019, the emollients & moisturizer segment had a revenue share of around 30.0% and was the largest segment in the market. Emollients protect the skin from water loss and soften it. Emollients are found in many personal care and cosmetics products, including skin moisturizers, body lotions, and lipsticks. These emollients can be purchased in both synthetic and natural forms. Olive oil, coconut oil beeswax and lanolin are some of the most popular emollients.
Cosmetics products are made up a large part of preservatives. They are added to the formulations to prolong their shelf life and to prevent the growth of bacteria or fungi. These microorganisms can quickly ruin products and cause damage to applications. Preservatives that are water-soluble should be used as microbes live in water.
Cosmetic preservatives can come in different forms and amounts. Depending on the need of the product, the preservatives used can range from 0.01% to 5.0%. Some of the commonly used preservatives include formaldehyde, parabens, salicylic acid, benzyl alcohol, and tetrasodium ethylenediaminetetra-acetic acid (EDTA).
In 2019, the skin care products segment accounted for 35.0% of revenue and was the largest end-use segment in 2019. This is due to the increasing demand for skin products by people, who have more concerns about skin health and care. The market for cosmetic chemicals will benefit from the rising demand for sunscreens, face creams and body lotions around the world.
The development of skin care products that meet the needs of consumers is the focus for key players in the cosmetic chemicals industry. The market for cosmetic chemicals is also being driven by a shift in consumer preference to natural and organically derived products with natural ingredients. COBIOSA, a manufacturer of specialty chemicals, develops and distributes skin care products and other cosmetic products. The company primarily develops its chemicals from botanical including polyphenols,camelina, and marine, such as algae, collagen as well as insects.
Many cosmetics and personal care product companies, including Eminence (L'Oreal) and L'Oreal, are now producing natural-derived skin care products. Market growth will be aided by the ability of natural ingredients, which can enhance and improve skin health without side effects, in the next few years.
The main factors driving hair care products sales are growing concerns about grey hair and hair loss, as well as evolving styling trends in fashion. Hair fall, discoloration, and dandruff are all a result of increasing stress levels and pollution among youth and middle-aged people. These factors are expected to increase hair care product consumption among them. These factors will be a major contributor to the growth of the cosmetic chemicals market over the forecast period.
Customers can spend more on luxury products such as perfumes because of their increasing disposable income. Due to rising living standards, the hygiene products market is expected to grow over the forecast period. The key trend driving consumer awareness and product demand growth is the increased spending of cosmetics product manufacturers on marketing and commercialization.
In 2019, North America was responsible for more than 35.6% of the global market for cosmetic chemicals. Cosmetic chemicals are mainly used to make organic personal care products. This is what drives the demand in the region. The key drivers of the regional market for cosmetic chemicals are increasing R&D investment by manufacturers and associated technological innovations in areas such as ingredient processing and cost-effective manufacturing of organic personal care products. This trend is expected to continue for the forecast period.
North American cosmetic chemicals market is characterized by the presence of small- and large-scale suppliers and producers of ingredients. The market for cosmetic chemicals is dominated by the Dow Chemical Company, Huntsman Corporation, Stepan Company, and Dow. There are also many other small- and medium-sized companies that compete in this space.
The largest market in the region for cosmetic chemicals is the U.S. The country's manufacturers are moving away from treating each product individually in personal care and adopting an integrated approach to health and beauty products. They are more open to innovation that links technological advances in health and industrial to beauty product effectiveness. Many industry players are working to increase the integration of biotechnology, pharmaceutical and food ingredient companies into beauty markets, which will lead to the launch of new technologically advanced ingredients.
This region's manufacturers are also involved in R&D, creating new products for their customers using a mix of organic and natural ingredients. However, direct sales continue to grow in market value and hold steady. Customers around the world are looking for products that offer value for money and have the same benefits as premium products, but at a lower cost. The following are some of the most prominent players in cosmetic chemicals markets:
Dow
Givaudan
Ashland Inc.
Eastman Chemical Company
Lonza Group
BASF SE
Lanxes
P&G Chemicals
Solvay S.A.
Evonik Industries AG
Bayer AG.
Up Market Research published a new report titled “Cosmetic Chemicals Market research report which is segmented by Product Type (Film-Formers, Emollients & Moisturizers, Surfactants), by Application (Hair Care, Skin Care, Makeup), By Players/Companies Bayer AG, BASF SE, Ashland Inc, Dow, Lonza Group, P&G Chemicals, Lanxess, Solvay SA, Eastman Chemical Company, Evonik Industries AG, Givaudan”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Cosmetic Chemicals Market Research Report |
By Product Type | Film-Formers, Emollients & Moisturizers, Surfactants |
By Application | Hair Care, Skin Care, Makeup |
By Companies | Bayer AG, BASF SE, Ashland Inc, Dow, Lonza Group, P&G Chemicals, Lanxess, Solvay SA, Eastman Chemical Company, Evonik Industries AG, Givaudan |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 236 |
Number of Tables & Figures | 166 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product Type (Film-Formers, Emollients & Moisturizers, Surfactants), by Application (Hair Care, Skin Care, Makeup).
Cosmetic Chemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cosmetic Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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