(MENAFN- America News Hour) Cosmetic Chemicals Market report delivers a detailed overview of the global cosmetic chemicals market in terms of market segmentation by type, application, membrane material, filter design, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
Cosmetic Chemicals Market Statistics –
The market size is projected to record a valuation of over USD 33.6 Billion by 2027 The cosmetic chemical industry is slated to observe a 4% growth rate through 2017-2027
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Cosmetic ingredients form the base chemicals for personal care products, which include soaps, shampoos, lotions, perfumes, and a variety of other products. Some cosmetics are not only used for beauty regimes, but they also serve as vital components of well-being. Some examples of vital cosmetics are toothpaste and sunscreens. The global cosmetic chemical market is segmented on the basis of type, function and end user. On the basis of type, it is segmented into surfactants, polymers, emollients, antioxidants and preservatives and rheology modifiers. Surfactants constitute the largest market share on account of increased consumption in skin care and make up industry. On the basis of function, it is segmented into cleansing agent, moisturizing agent and coloring agent. On the basis of end- user, it is segmented into skin care, hair care, make up and oral care. Skin care and make up segment constitute the largest segment in end user. The growing demand from ethnic groups for beauty products are the main reason for the segments to lead in global market.
The CAGR of global chemical cosmetic market is expected to be around 4% during 2017-2027.It can attributed to globalization and increasing demand for beauty products.
By region, North America is the fastest growing region across the globe. The primary reason is increasing disposable income, which has enabled the people to spend more on the cosmetics and beauty products. The awareness of the people towards the use of skin friendly cosmetics is also a reason for increase in market size.
According to a recent study by Research Nester, the cosmetic chemicals market size is anticipated to surpass USD 33.6 Bn by 2027 and is projected to expand at a CAGR of over 4% from 2017 to 2027.
Major players include in the global cosmetic chemicals market :
Akzo Nobel NV, Ashland Inc, BASF SE, Berkshire Hathaway Inc., Bayer AG, Clariant International Limited, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, Emery Oleo chemicals Group, FMC Corporation and Pilot Chemical Company.
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Rising disposable income and bio-based products to Support Market Growth
The rise in disposable income has led to augmentation in consumers spending abilities. This has increased the demand for cosmetic ingredients to a great extent. The desire of the people across the world to look pretty all the time over the years is driving the demand for cosmetic products which unavoidably. The rise in awareness of consumer regarding healthy skin and the increasing use of anti-ageing cosmetics are in a way fostering the global cosmetic chemicals market. Cosmetic chemicals are mainly used as cleansing agents, moisturizing agents, and coloring compounds. The cosmetic chemicals companies use innovative bio based high performance products and advanced technologies to manufacture a wide variety of products.
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