Geographically, Asia-Pacific was the dominant share of the cosmetic chemicals market in 2020, and it is expected to continue to grow in the years to come.
The need for cosmetics has increased sharply in recent years, due to the increase in people’s disposable income and their growing awareness of look and appearance. Growing concerns about physical appearance, hair loss, gray hair, and skin health, and rapidly changing hairstyle trends are forcing people to spend a lot of money on cosmetics. In addition, the skyrocketing investments of cosmetics producers, such as Eastman Chemical Company, The Dow Chemical Company, Croda International Plc, Givaudan SA, Evonik Industries AG, Bayer AG and Lonza Group, in the marketing of skin care, Personal care, beauty products and hair care are also driving the cosmetic chemicals market.
In addition, the growing public awareness of various premium beauty products, grooming therapies and treatment procedures, changing fashion trends and growing urban population, especially millennials, are also fueling the expansion of the cosmetics industry, which in turn increases the demand for cosmetic chemicals around the world. Many organizations carry out comprehensive research and development (R&D) activities in order to develop innovative and advanced products, thus propelling the cosmetic chemicals market to unprecedented heights. P&S Intelligence, an India-based market research organization, found that the industry’s value reached $ 20.0 billion in 2020 due to these factors.
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Emollients and moisturizers, emulsifying and thickening agents, dyes and pigments, nonionic, cationic, amphoteric, anionic agents and surfactants are the most widely used cosmetic chemicals in the world. Among these, the demand for emollients and moisturizers has been observed to be the highest in the past, due to the fact that emollients, such as glycerin, zinc oxide, mineral oil, petroleum jelly and olive oil, are widely used to produce lotions, lipsticks, creams and moisturizers.
Perfumes, hair care, skin care and makeup are the main fields of application for cosmetic chemicals. Of these, the use of these chemicals was highest in skin care applications in the past years, and it will increase even more in the years to come. This is attributed to the growing demand for sunscreens, body lotions and face creams around the world and the increased R&D activities carried out by cosmetic chemical manufacturers to expand their product portfolio. .
Globally, sales of cosmetic chemicals have been found to be the highest in the Asia-Pacific region (APAC) in recent years. This was due to the existence of several large and small scale cosmetic producers and suppliers of various associated chemicals in the region. In addition, cosmetic chemical producers in the region are increasingly focusing on the development of technologically advanced ingredients for the production of advanced cosmetic products. All over the world, players in the cosmetic chemicals market are focusing on product launches to increase their revenue and expand their customer base. For example, BASF SE developed Luviset 360, which is a new styling polymer that delivers styling performance in six unique ways, in May 2020.
Browse the Detailed Report of Cosmetic Chemicals Market research report Detailed analysis on the basis of application, latest trend, region and growth forecast to 2030
Thus, the demand for cosmetic chemicals will undoubtedly increase in the coming years, mainly due to the boom in sales of cosmetic products all over the world.
Breakdown of market size by segment
By product type
- Non ionic
- Emollients and moisturizers
- Dyes & Pigments
- Emulsifying and thickening agents
- Skin care
- Hair care
- Oral care
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
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